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Xauusdsignals

1930 could be next for GoldAs I explained in my yesterday's post, although Gold is still contained in large a descending channel, the small descending channel started at the beginning of the month could represent a warning for bears. Yesterday, XauUsd tried twice to make a new low and failed, another indication that an upside move could follow. At the time of writing, Gold is trading at 1899, above the falling resistance of the narrow channel and above yesterday's high. In conclusion, as long as 1883 is intact, I favor gains and the most obvious level for the target is 1930.
OANDA:XAUUSDLong
by Mihai_Iacob
12
XAUUSD Still nothing bullish about it yet.Gold (XAUUSD) broke below the 1D MA200 (orange trend-line) for the first time since December 19 2022 and that of course didn't do any favors to the bullish cause. The trend remains bearish within a Channel Down since the May 04 2023 High and the technical outlook gets even worse as the 1D MA50 (blue trend-line) is on course to forming a 1D Death Cross below the 1D MA200, projected at the end of the month (would be the first such pattern since July 04 2022). As a result we expect the price to remain under pressure and eventually test the 1W MA100 (yellow trend-line) within 1860 - 1850, regardless of a potential decline on the DXY (green trend-line) which was unable to lift Gold as we saw in June. The bullish trend will re-emerge only if the price breaks above the Channel Down and more specifically, the 0.618 Fibonacci retracement level from the bottom at that given time. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
3
XauUsd could correct to the upsideIn my Friday comment, I said that XauUsd is contained in a descending channel and the first notable support is the confluence support from the 1850 zone. However, looking at a shorter time frame we can see that the price is trading in a tight channel and, usually, this type of pattern leads to a reversal. Also, bears look tired and need to catch their breath and in the Asian session, we have a strong reversal from 1885 of around 100 pips. That being said, we can see some upside momentum for Gold with the first resistance coming into place at the 1905-1910 zone followed by the 1930 important one. I'm bullish on the short term as long as the recent low is intact.
OANDA:XAUUSDLong
by Mihai_Iacob
15
XauUsd could drop to confluence supportTwo days ago I said, that in the medium term (2-3 weeks) XauUsd could drop to very important 1820 support if 1900 zone support isn't holding. In that days, Gold failed to stay above this important figure and made a new local low. This new low confirms the 1880 high as a lower high and we can consider now trading in a channel. The bottom of this channel is in fact confluent with the horizontal 1850 support and could represent the target in the shorter term (one week or so) In conclusion, rallies above 1900 should be sold and, considering a negation level above the 1930 zone a 1:2 risk: reward could be achieved and a more than 500 pips gain for such a trade
OANDA:XAUUSDShort
by Mihai_Iacob
31
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
FX:XAUUSDLong
by ForexPlanet20
Gold: waiting for a rebound Gold has been falling below the support of 1901. Dukang still maintains a bullish thinking from low to high, and continues to hold more than 1895 orders, waiting for the US market to rise! At present, the decline in gold is over, and the daily line has fallen to the support position of the 200-day moving average. The support of the large cycle moving average is likely to be the turning point of the market! And the short-term decline fell below the 1900 position in the past two days! If you don't break, you can't stand, break the position and reverse! Before the price of gold falls below, we maintain the view of bottoming out and rebounding unchanged! Recently, the market is mainly concentrated in the US market, and there are many, relying on support and direct support! Bounce some in 1895 Strategy 1985 into long, 1992 to take profit or enter into decline
FX:XAUUSDShort
by Dylan-Jones
XAUUSD hit the 1D MA200 for the first time in 8 months.Gold (XAUUSD) easily hit our 1913 short-term target within the narrow Channel Down, as presented on our last idea (see chart below): As the price hit yesterday the 1D MA200 (orange trend-line) for the first time since December 20 2022, it is time we look again at the long-term charts in an attempt to identify potential Support/ Pivot levels. On the 1D time-frame, we have Support 1 at 1893 which along with Resistance 1 (1987.50) form the most noticeable pattern on the 1D time-frame, a 3 month Rectangle. As long as the 1D candle closes above the 1D MA200, we may see a bounce without a Support 1 test. In either case, we will buy and target 1980 (just below Resistance 1). If however a 1D candle closes below Support 1, we will take the loss and sell instead targeting the 1W MA50 (red trend-line) at 1870. Amidst the above, once/ if the 1D RSI breaks below its 30.00 barrier, Gold will start turning into a solid long-term buy opportunity, so regardless of having hit the 1870 target or not, we will close the sell and turn bullish again, targeting initially the 1D MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
XAUUSD: Gold fluctuates according to the news!The price of gold (XAU/USD) is currently facing downward pressure, hovering around 1,910 as the new trading week begins. There haven't been any significant surprises so far, and the weekend saw a lighter macroeconomic news flow. However, it's worth mentioning that XAU/USD experienced three consecutive weeks of decline in the past, marking its largest drop since mid-June. This downward trajectory can be attributed to stronger yields on US Treasury bonds and a strengthening US Dollar.
OANDA:XAUUSDShort
by Sphyn-Trader
3
Gold: a strategic move The fluctuation range of the gold Asia-Europe market is limited, and the market is concentrated in the performance of the US market! Judging from the current trend, the decline of gold has deviated, which means that this decline has come to an end! Moreover, this wave of decline has fallen to the support position of the weekly Bollinger lower rail, and is supported by the daily long-term moving average! Specific rebound conditions! Now that gold has started to rebound, the U.S. market will focus on whether it breaks through 1920. After the breakthrough, it can be bullish to the 1930 line. More, the U.S. market will continue to be bullish! Pay attention to the competition situation in 1920, and pay attention to the impact of data on the market. According to the data, whether gold will stand above 1920 or under pressure, and then make specific strategic adjustments.
FX:XAUUSDLong
by Dylan-Jones
XAUUSD | Perspective for the new week | Follow-upThe precious metal appeared to find strong support, hovering above the crucial $1,930.00 level for most of Wednesday and Thursday. However, things took a thrilling turn after the Non-Farm Payroll data release, as Gold broke out of the $1,993.8 level, setting the stage for a potential reversal ahead. The US Dollar is currently facing headwinds, thanks to a lower-than-expected increase in Nonfarm Payrolls, with only 187,000 new jobs reported in the July jobs report. This economic development has significantly impacted investor sentiment and boosted the safe-haven appeal of Gold, especially given the unpalatable revelation from Fitch's risk rating. As investors keep a watchful eye on the unfolding events, the implications of Fitch's downgrade of the United States government's long-term debt rating are being carefully processed. This situation has the potential to significantly impact the Gold market, adding to the intrigue and excitement as bulls look forward to continued bullish momentum in the upcoming week. XAUUSD Technical Analysis: In this recorded video, we embarked on an in-depth analysis of XAUUSD's price action, focusing on intricate patterns of accumulation and distribution. By dissecting past price movements, interpreting market behaviors, and identifying recurring trends, we gained invaluable insights into the motivations and actions of both buyers and sellers. Our attention was drawn to the key level at $1,930, which holds tremendous importance for the week ahead. It served as a pivotal focal point, and the continued rejection of the $1,930 zone from buyers could set the tone for a bullish momentum in the coming week. Let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lay ahead! With these updates and comprehensive analysis, we are equipped with the necessary tools to make well-informed and strategic trading choices throughout the week. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more exciting content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
XAUUSD Sell signal on the 1H time-frameGold (XAUUSD) broke below its 1H MA50 again (blue trend-line). Within the 2-week Channel Down pattern on this chart, every time the price broke below the 1H MA50, it continued to a Lower Low. With the 1H MACD also under a Bearish Cross formation, this is a clear technical sell signal and below Support 1 (1925) is Support 2 (1912.60) for a potential Lower Low. We are targeting 1913. If however the price closes above the 1H MA200 (orange trend-line) we will take the loss and buy instead, targeting the Lower Highs trend-line at 1970. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
1
Gold: turn to 1930 to support more! Gold has turned from falling to rising. Relying on the support of 1937 in early trading today, it is low and bullish. For the pressure above, pay attention to 1953! Gold fluctuated all the way down before, and it was constantly bearish at high altitudes, but after the data, the market rose and began to turn more! I went long in 1930 at the first time, and directly rose to make a profit! Now that gold has broken through the pressure of 1934, long-short conversion, today will rely on the pressure of 1930 to go long! The pressure above gold is the pressure position of the previous rebound high of 1953! It is expected that there will be a shock adjustment after the rebound! Looking at the daily line, gold this time pulls back to step on the support of Bollinger's lower track, opening a new upward wave! Do more with all your strength! Continually updated
FX:XAUUSDLong
by Dylan-Jones
Gold remains bullish, but...In my yesterday's analysis, I said that I'm still bullish Gold and I expect a new rise to the 1980 zone resistance. After a drop to 1950, XauUsd reversed strongly at first, reaching an intraday high at 1972, but started to roll back down after. At this moment, the price is still above the trendline starting from the recent low under 1900 and also above important horizontal support. However, yesterday's high is a lower high and also the rise from Thursday's low is overlapping, not impulsive. That being said, I'm still bullish and try to buy dips, with low volume and tight SL, though
OANDA:XAUUSDLong
by Mihai_Iacob
36
XAUUSD 1D MA50 in Support but MACD Bearish Cross threat.Gold (XAUUSD) kept the 1D MA50 (blue trend-line) as Support as it made a Friday rebound exactly on it. At the same time the 1D RSI bounced on its Higher Lows trend-line since the June 29 bottom. As long as the price is closing above the 1D MA50 (and obviously the 1943 Support that was formed), the trend is bullish towards the Lower Highs with a 1978 short-term target. In order to extend the uptrend, a 1D candle needs to close above Resistance 1 (1987.50). The biggest bearish signal however is the Bearish Cross on the 1D MACD that is about to be formed. This means that if the price breaks below the Higher Lows trend-line, it will be a sell signal towards Support 2 at 1913. If the 1D MA200 (orange trend-line) supports on Support 2 and 3, the long-term bullish trend remains intact. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
6
XAUUSD | Price Action | New perspective | follow-up detailsWelcome, traders, to this week's XAUUSD price action-based technical analysis. Gold prices experienced a decline as the dollar surged to its highest point in over a week. As we gear up for the upcoming central bank policy meetings, including the BOJ and the Federal Reserve, there's growing anticipation surrounding potential rate hikes. All eyes are on the Fed's meeting next week, where a quarter-percentage-point rate increase is expected. Analysts eagerly await Chair Jerome Powell's press conference on Wednesday for hints about the Fed's future moves, especially regarding their goal of achieving a 2% annual inflation target amid a robust economy and tight labor market. Additionally, we'll be closely monitoring reports on second-quarter GDP and the personal consumption expenditure index, along with the latest reading on consumer sentiment from the University of Michigan. As traders grapple with uncertainties about the Fed's path post-meeting, we find ourselves at a critical juncture from a technical standpoint. The XAUUSD price hovers around the crucial confluence near the $1,960 zone. XAUUSD Technical Analysis: In this video, we embark on an in-depth analysis of XAUUSD's price action, focusing on intricate patterns of accumulation and distribution. By dissecting past price movements, interpreting market behaviors, and identifying recurring trends, we'll gain invaluable insights into the motivations and actions of both buyers and sellers. Our attention is drawn to the key level at $1,960, which holds tremendous importance for the week ahead. It serves as a pivotal focal point, and the reactions witnessed within this zone, particularly in light of upcoming high-impact economic events, will be indispensable in guiding our precise trading decisions. Together, let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lie ahead! With my updates and comprehensive analysis, you'll be equipped with the necessary tools to make well-informed and strategic trading choices throughout the week. The stage is set, the spotlight is on, and the thrilling drama of the gold market awaits your presence. Stay tuned in and get ready to embark on this adventure with confidence and finesse! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
Will Hedge Funds Turn to Gold Post Fed Rate Hike? Prudent Move?As we all know, the Federal Reserve's decision to raise interest rates has far-reaching consequences for various asset classes. Historically, Gold has often been perceived as a haven during economic uncertainty. With the Fed signaling a more hawkish stance, it's worth considering whether hedge funds will flock to this precious metal again. While the Fed's rate hike may initially drive investors towards more traditional assets, such as equities or bonds, it's essential to acknowledge the inherent risks and uncertainties. The global economic landscape remains fragile, with geopolitical tensions, inflation concerns, and the ongoing pandemic posing significant challenges. In such times, adopting a cautious approach and diversifying one's portfolio to mitigate potential risks is crucial. With its intrinsic value and historical role as a hedge against inflation and currency fluctuations, Gold has proven its worth time and again. It has the potential to offer stability and act as a safeguard against unforeseen market downturns. As hedge funds reassess their investment strategies in light of the Fed's actions, it may be prudent to consider Gold's role in protecting and preserving wealth. Therefore, I encourage you to contemplate the benefits of including Gold in your investment portfolio. While past performance does not indicate future results, history has shown that Gold can weather economic storms and provide a reliable store of value. By diversifying your assets and exploring Gold as an option, you can potentially mitigate the risks of a worsening economy. In conclusion, as the Fed's rate hike reverberates through the markets, we must remain vigilant and proactive in our investment decisions. Considering our uncertain times, it may be wise to reevaluate our strategies and explore the potential advantages of investing in Gold. By doing so, we can position ourselves to navigate any possible economic downturns that lie ahead. If you wish to discuss this further or explore gold investment opportunities, please comment below. Stay cautious, stay informed, and let us navigate these turbulent waters together.
GEMINI:PAXGUSDLong
by bryandowningqln
1