Xauusdsignals
XAUUSD | GOLDSPOT | New perspective | follow-up detailsJoin us as we delve into a comprehensive price action analysis of the XAUUSD market in this video. With the gold price comfortably surpassing the $1,950.00 mark and the USD Index remaining weak, we examine the current market conditions.
Investors are divided on whether the Fed will implement two more rate hikes this year, putting pressure on the USD Index. Encouraging signs of cooling inflation contribute to the hopeful sentiment. While the Fed maintained steady interest rates in its recent meeting, it has left room for potential rate increases later in the year, depending on forthcoming data. However, Morgan Stanley holds a different perspective, projecting no further hikes and expecting the Fed to maintain a rate of 5.1% until a 25 bps cut in March 2024.
Amidst this dilemma, the market mood is cheerful as uncertainty surrounding the interest rate peak subsides after Fed Chair Jerome Powell's presentation of the dot plot. Now, let's discuss our plans for the upcoming week based on price action analysis.
In this video, we conduct a comprehensive examination of the XAUUSD market, assessing both bullish and bearish sentiments, as well as accumulation and distribution patterns. By analyzing past price patterns, market behavior, recurring trends, and crucial support and resistance levels, we gain valuable insights into the potential actions of buyers and sellers in the coming week(s).
It is worth nothing that we identify a significant level at 1,960, which is expected to play a major role in determining the direction of price action this week. Despite this zone being a strong selling area in recent weeks, the market's indecisiveness becomes evident, reflecting the uncertainty among market participants. The reactions observed on Monday within this zone will provide valuable indicators atleast for the first half of the week. Stay prepared to seize the opportunities that lie ahead! Don't forget to stay tuned for updates that will guide our trading decisions throughout the week.
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.
XAUUSD ScalpingBUY GOLD
Entry at 1916
Tp1 : 1920
Tp2 : 1926
Tp3 : 1932
SL : 1912
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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.
XAUUSD: Sell
Judging from the current trend, gold will inevitably fall below 1900 next, so my point of view is to short at a high level.
You can go long, but you can't stay long for too long, and don't trade too much volume, because it may make you feel miserable.
The safest way is to rebound and short until below 1900.
XAUUSD Outlook 19/6/23 An important rejection 📈Good evening gold gang! Im back from my vacation and im ready to demolish the XAUUSD charts once again
I was back in friday NY session and we caught some pips together which was a lovely end of my holiday .. congrats whoever grabbed it with me
Ok on to tomorrows bank holiday session. Friday afternoon saw gold touch perfectly the january 30th body high and rejecting it violently on the weekly chart. The week candle closed bearish hammer leaving a huge wick to the downside. This says to me that the price has rejected the bearish side and looks to possibly move up this week! (exciting)
I can see a messy zone at the buy side so i have adjusted it to be slightly smaller to account for the wicks .. wait for a closure above there for the buys
If sells are coming in .. the clean zone beneath fridays final 4hr candle is very clean and could drop violently .. this could possibly happen it asian, so stay frosty.
Ive also added potential reversal spots on the charts for you people that trade reversals .. im just getting into them currently and backtesting a strategy to accommodate. Im a break out trader normally.
Im looking forward to a great week on the charts and to interact with you all once again .. leave me a comment if you want to chat XAUUSD
Catch you in london! please like and follow along to keep updated
tommyXAU
XAUUSD: What happens next week?Fundamental analysis:
Gold's range is quite wide, in another development, this is a large compression area before gold breaks out and does something you can't believe.
Market influence:
The uncertainty surrounding the Federal Reserve's plans for interest rate hikes is viewed as a significant factor supporting the non-yielding Gold price. However, it is still difficult to predict any significant upward movement in price. Thursday's underwhelming macroeconomic data from the United States has raised concerns about the Fed's ability to continue raising rates, leading to speculation that the current tightening cycle may be coming to an end.
Despite this, the Fed has indicated earlier this week that borrowing costs may still need to increase by up to 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 make a modest recovery from its lowest point in over a month on Friday. A modest strengthening of the USD may discourage traders from making bullish bets on Gold, which is priced in US Dollars.
Based on an overview of technical analysis and the political economy, gold is expected to continue to decline
XAUUSD SELL PROJECTION 18.06.23Reason Behind the SELL Projection
1. Breaked teh Uptrend Line @ 1960
2. Candle Stick PatterN of Bearish Spinning Top Confirms Further SELL movement
3. Chart Pattern of Decending Triangle Pattern which determines the Bearish Continuation to the support of 1890
Overall Possible Outcomes
XAUUSD SELL below 1980
sl 2010
tp1 1930
tp2 1890
XAUUSD: Sell
Yesterday, I traded in the 1956-1932 range and successfully made a profit. Now the market is oscillating around 1934. There will be initial jobless claims data later. It is expected that it is more likely to be beneficial to gold bears. The trading point of view is to short, and the range is 1944-1907 .
Trading Signals:
sell:1935-1944
tp:1920-1907
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.
GOLD 14/6 - The downtrend is clearly formedGold prices have taken a dip and are currently trading at a daily low of $1,942.
This comes after the US dollar struggled earlier in the day, particularly with the US Consumer Price Index falling below market expectations.
This has caused some optimism in the market, with gold experiencing a bearish trend on the 4-hour chart.
The support levels are at 1,940 - 1,932 - 1,918, while the resistance levels are at 1,966 - 1,972 - 1,987.
Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1955 level.
XAUUSD: Buy
Today we continue to do long gold at a lower position according to the plan we have formulated.
In the 1D chart, the resistance of MA20 has been broken, and the arrangement of K lines also shows signs of forming a small bottom, which is beneficial to bulls.
The 1h chart shows that the price has broken through the suppression of all moving averages, and MACD is also in a bullish trend, so we are long today.
XAUUSD: Buy
We plan to trade long in the 1958-1948 range today, and the current minimum is 1949.
45m in the chart. The dead cross of MACD has formed. As I said, after the dead cross is formed, its short power will begin to weaken. This is the time for us to trade long positions. Now, our long trades have begun.
From the graphic point of view, the current resistance is at 1955, and the support is at 1948 (this is why I plan to do more here today). If it falls below, our long trading will be trapped, but I think this probability is not high. The biggest possibility is that it breaks down quickly and then rebounds quickly, forming a long lower shadow line.
Therefore, in this transaction, the probability of our profit again is still very high.
XAUUSD: Buy
In last Friday's trading, the strategy I gave was short selling, and at the same time I briefly explained today's trading, I believe all the friends in the channel know.
Today, gold rebounded after stepping back on the support of 1955, which is in line with our plan to be long gold. First of all, congratulations to friends who participated in long trading, they have already reaped some profits.
Now, in the gold 1h chart, MACD has formed a golden cross, which is favorable for bulls. Judging from the trend of the previous wave, this rise will break through the resistance near 1969, and the important resistance will appear near 1985.
So today's trading focus is on long trading.
trading signal:
buy:1958-1948
tp:1974-1983
XAUUSD BUY PROJECTION 11.06.23Looking at the daily chart of XAUUSD, we can see that the overall trend is bullish, with the price trading above its 50-day and 200-day moving averages. The price has also recently broken out of a short-term consolidation pattern, indicating a potential continuation of the uptrend.
The Relative Strength Index (RSI) is currently in overbought territory, which could suggest some near-term weakness or a potential pullback. That said, it's worth noting that the RSI has been in overbought territory for several days now without any significant selling pressure, so it's possible that the bullish momentum could continue.
In terms of key levels, the first level of support to watch is around $1,950, which is the recent breakout level and also coincides with the 50-day moving average. Below that, the $1,900 level could provide additional support.
On the upside, the next level to watch is the recent high of around $2,075. A breakout above that level could signal a continuation of the uptrend, potentially targeting the 2020 high around $2,075.
Overall, while there could be some near-term volatility or potential pullbacks, the technical outlook for XAUUSD remains bullish in the medium to long term. It's important to always use proper risk management techniques, such as stop-loss orders, when trading or investing in any financial instrument.
Gold stays buoyant as Fed pause bets continuesGold and copper are currently buoyant as the dollar falls sharply on Fed pause bets. This presents a fantastic opportunity for you to invest in gold.
As you may know, gold has always been a safe haven for investors during economic uncertainty. With the current state of the economy, now is the perfect time to invest in gold. Not only is it a safe investment, but it also has the potential for significant returns.
So, what are you waiting for? Don't miss out on this fantastic opportunity to invest in gold. Take advantage of the market conditions and make a smart investment today.
Thank you for your time and consideration. I look forward to hearing from you soon.
Gold ETFs Enjoy Further Net Inflows In May - It's Time to InvestAs the world is facing a global pandemic, securing our future financially is essential. And what better way to do that than by investing in gold ETFs?
I am thrilled to share with you that gold ETFs have enjoyed further net inflows in May, and it's the perfect time to jump on the bandwagon and invest for safety. Gold has always been a reliable investment, and it shines even brighter in times of economic uncertainty.
Investing in gold ETFs is not only a smart move but also an easy one. You don't have to worry about storing physical gold or the hassle of buying and selling it. With gold ETFs, you can easily invest in gold through the stock market and reap the benefits of its rising value.
So, what are you waiting for? Don't miss out on this opportunity to secure your financial future. Invest in gold ETFs today and enjoy the peace of mind that comes with it.
Stay safe and invest smartly!
XAUUSD is starting its new bullish leg to at least 2100.Gold (XAUUSD) hit the 1D MA100 (green trend-line) again and this is technically completing the bottom phase that we called for 3 weeks ago (see chart below):
Our trading strategy hasn't changed, that was our long-term entry, bottom on the Higher Lows trend-line of the 7 month Channel Up and target a Higher High at 2100. Potentially, if it repeats another +10.60% rise, ut can even go as high as 2140. Regardless of that, this appears to be the start of the new bullish wave to a Higher High. Even the 1D RSI is on perfect symmetry with the February 02 - March 08 correction (bearish wave).
A 1D candle closing below the 1D MA100 however, thus the Channel Up, can potentially accumulate more selling pressure and accelerate the decline towards the 1W MA50 (red trend-line) and 1840.
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Is Gold losing its shiness?Last week was an interesting one for Gold traders.
After a strong reversal from medium-term trend line support, XauUsd managed to break back above 1955 important support and also broke above the falling trend line started at the beginning of May, all suggesting a reversal to the upside.
However, on Friday, following NFP data, bears totally took control leaving an immense bearish engulfing on our daily chart exactly from the 1980 resistance.
This bearish engulfing is important for 3 reasons:
1. The pattern is exactly in a very important resistance that now becomes a strong ceiling for the price
2. This reversal puts the price back both under the falling trend line and horizontal 1955 support. Such a false break more often than not leads to continuation.
3. The daily close of the pattern is exactly in the medium-term trend line's zone support, putting pressure for a break.
That being said, my outlook for Gold in the medium term changed to bearish and I'm waiting for further price development for confirmation of short trades.