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Xauusdsetup

Gold responds to dollar and interest rate events not Russia news While gold has traditionally been viewed as a haven asset that can protect against geopolitical risks and economic downturns, we've noticed that it has only been responding to news related to the dollar and interest rates. This tepid response to recent events such as the Russia coup is concerning, as it suggests that gold may not be the reliable investment we once thought it was. As investors, it's essential to prioritize our investments with better options that can provide us with greater security and potential returns. I encourage you to explore other investment opportunities that offer more stability and protection against a volatile market. In conclusion, I urge you to take a cautious approach to your investments and consider diversifying your portfolio with alternative options.
OANDA:XAUUSD
by bryandowningqln
XAUUSD: 1907 or 1952? Last Friday, gold rebounded, broke through 1923, rose to 1937 resistance and then fell back. In the process of backtesting support, it directly fell below 1928-1923 and reached our target of 1918. Over the weekend, the Wagner incident broke out, and the risk aversion sentiment made gold open higher today, recovering 1928 again. Observing the 1h chart, it has signs of trying the resistance of 1937-1939 again, but only when the support of 1928 is effective, it has a chance. If it falls below 1928-1923 again, then it will be more difficult to go up to 1937 . The bears will attack again!
FOREXCOM:XAUUSD
by Roey_
Watch out as gold has had 4 days of lossesOver the past four days, gold has suffered significant losses. As you may already know, this precious metal is known for its stability and reliability as an investment. However, recent events have caused a sharp decline in its value. As someone invested in gold, I urge you to take action. It is vital to consider selling your gold holdings before the market experiences further losses. While it may be challenging to part with your investment, it is crucial to protect your financial well-being. I understand this may be a difficult decision, but it is essential to act quickly. The longer you wait, the more potential losses you may face. I encourage you to consult with your financial advisor or research to make an informed decision. Remember, it is always better to be safe than sorry.
FXOPEN:XAUUSDShort
by bryandowningqln
GOLD 21/6!!! Gold near post-Powell lowsGold prices remained just above their lowest level in three months on Wednesday, as they suffered significant losses in the previous session due to traders shifting their focus to the dollar in anticipation of further information on U.S. interest rates. Later in the day, Federal Reserve Chair Jerome Powell is scheduled to testify before Congress, which could provide more insight into the future of monetary policy and interest rates following the mixed messages from the Fed last week. The uncertain stance of the Fed prompted some investors to move their assets into the dollar, given that the central bank paused its rate increase cycle but indicated the possibility of more hikes later in the year. Consequently, gold prices were negatively affected and remained relatively stagnant within a narrow trading range observed over the past month. Prediction of sideways gold price in the price range $1920 - $1955 Today, can put 2 entry at: BUY GOLD: zone $1925- $1927 SELL GOLD: zone $1949- $1951 Combine 2 EMA 34, EMA 89 and finonaccy signal to have 2 beautiful support and resistance entry areas
OANDA:XAUUSDLong
by DNA_TradingFX
20
GOLD 19/6!!! Starting a new week with stable pricesThe uncertainty surrounding the Federal Reserve's plans to increase interest rates is considered a significant factor supporting the price of gold, which does not provide any yield. However, a substantial increase in value still appears to be difficult to achieve. The recent underwhelming macroeconomic data from the United States has raised doubts about how much room the Federal Reserve has to continue raising rates, leading to speculation that the current phase of tightening monetary policy may be coming to an end. Nevertheless, the Federal Reserve has indicated earlier this week that borrowing costs may still need to increase by as much as 50 basis points by the end of the year. This, combined with a slight increase in US Treasury bond yields, has helped the US dollar recover modestly from a one-month low reached earlier this Friday. The moderate strength of the US dollar may discourage traders from making bullish bets on gold, which is priced in US dollars. The above basic information helps gold price this week June 19 continue to sideway $1983 - $1940 Today, Can buy price GOLD range $1943 - $1940 According to technical analysis, the hard support at the $1943 price zone is difficult to penetrate. Nice entry point to enter long. And of course, we expect a nice Sell from the 1964$ price range today
OANDA:XAUUSDLong
by DNA_TradingFX
20
GOLD 20/6: Gold price weakening at the beginning of the morning The Federal Reserve's unclear direction regarding interest rate increases has resulted in limited price movement in the market. Congress is closely monitoring this situation. So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday. Currently, the XAU/USD is trading around $1,950, with little change from the start of the day. It has been trading within a familiar range for the past month or so. Gold price assessment on June 20, 23 continues to sideway narrowly in the range of $1935 - $1960 Canh Buy price range $1939-$1941, SL $1930 TP: 1955 Based on technical analysis indicators EMA 34, EMA 89 with support point $1939.
TVC:GOLDLong
by DNA_TradingFX
22
XAUUSD: The market is gloomy at the beginning of the week!Technical analysis: During a period of low volatility in the market, the Exponential Moving Averages (EMAs) tend to closely follow the price line, resulting in a sideways pattern. The RSI (Relative Strength Index) is currently moving at an average level. The significance of resistance and support levels is minimal in this scenario. This compressed price zone suggests a high likelihood of a breakout and the formation of a powerful wave. Market view: Last week, the Federal Reserve (Fed) indicated that there may be a need for borrowing costs to rise by up to 50 basis points (bps) by the end of the year. This has helped the US Dollar (USD) gain some positive momentum for the second day in a row. The USD Index (DXY), which tracks the Greenback against a variety of currencies, seems to be improving after hitting a one-month low. This is creating challenges for the price of Gold, which is denominated in US Dollars. Additionally, the more hawkish stance taken by major central banks is also limiting the upside potential for Gold, as it does not generate any yield. It is worth noting that the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) surprised the market with a 25 bps rate hike earlier this month. Furthermore, the European Central Bank (ECB) raised rates by 25 bps last week, bringing them to the highest level in 22 years. The ECB also indicated that further tightening measures may be implemented to combat inflation.
OANDA:XAUUSDShort
by Sphyn-Trader
9
Would you start selling gold with this stock rally underway? As you may have heard, the Federal Reserve recently announced that they would be pausing rate hikes for the time being, with the potential for a boost later in the year. This news has had a significant impact on the gold market, as the US dollar continued to drop, which in turn raised the price of holding gold. Despite this, gold has been range-bound over the last month and has seen little support. As such, I would like to encourage you to consider selling some gold at this time. While it can be difficult to part with an asset, it is important to consider the current market conditions and make informed decisions. By selling some gold now, you may be able to capitalize on the current market conditions and potentially maximize your profits. Of course, it is important to consult with a trusted financial advisor before making any significant decisions.
FXOPEN:XAUUSDShort
by bryandowningqln