GOLD IF Breakout Then Long!GOLD has reached a
Horizontal support level 1913
while trading In a Falling wedge
So IF we see a bullish breakout
Then I believe the price
Will go further up !
Xauusdsignals
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.
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.
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.
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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
XAUUSD: What's next week?Gold price has recovered significantly since autumn last year. Economists analyze the yellow metal’s outlook.
After NFP, the GOLD trend still goes as expected, back to the uptrend. This is a good signal for the buyers.
Gold is expected to continue short-term sideways at the 1950 level before breaking and continuing to move up!
Gold: Shocked and closed in the sun, still volatile
In any trend, everyone likes continuity, and the longer it lasts, the better, especially for A-shares, which can only be a market that goes up. A rise means giving money to everyone, while a fall is tantamount to death.
According to the current situation, before the U.S. market, it hit a short position near 1968, with a target of 1954, and bought the 1950-1954 line.
Keep updating and pay more attention
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
Gold remains bullish above 1935-1940 zoneLast week, after touching 1980 resistance zone for the second time, Gold reversed strongly, leaving a bearish engulfing candle on Thursday.
However, with the recent break above falling wadge's resistance and above the horizontal 1940 level, XauUsd remains bullish.
Buy dips near support is my strategy and 1980 zone resistance could be the target.
A daily close under 1935 would negate this scenario.
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.
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XAUUSD, Gold Expecting Long Run DownXAUUSD, I am expecting Gold a bullish move upside around 1975-1985 area and then it will fall down badly as POI available there
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.
XAU Gold Trading Plan for 26-7-2023Some Potential areas personally im looking for shorts (To sell) if I get confirmation today. Obviously with FOMC then things can change very rapidly. Areas of interest for buys would be around $1940-1945 ish.
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.
XAUUSD at the bottom of its 3 week Channel Up.Gold (XAUUSD) broke below the 4H MA50 (blue trend-line) and hit today the bottom of the 3 week Channel Up pattern that has been in effect for the whole month of July. This is a short-term buy signal as the 4H RSI is also on the same level it was on the July 06 Higher Low.
The lowest risk entry will be after the RSI breaks above its MA trend-line (yellow), as this has been a confirmed buy signal in at least the past 2 months. When it does, we will take a short-term buy and target 2015 (below Resistance 2 but Higher High for the Channel Up).
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XAUUSD Trade Idea!XAUUSD buying call from 0.5FIB retracement level's..
Manage your risk according to account size.
XAUUSD: Summary this week and analysis next week
This week's market is over, during which time our signals were very accurate and we made a good profit. Next week, the precious metals market will usher in the Federal Reserve interest rate resolution, followed by Powell's speech, these news will bring big fluctuations, and the wonderful continue next week, everyone continues to pay attention to, must stabilize returns
The US index rebounded in a volatile week, the Fed's decision to raise interest rates next week is expected to support the dollar recovery, the next week, the market will usher in a super week of central bank meetings. The Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of Canada will all release their latest decisions. On the economic front, attention will be focused on the preliminary U.S. second-quarter GDP and initial jobless claims data on Thursday, and the final University of Michigan consumer sentiment index for July on Friday
Join me and don't let procrastination and hesitation stop you from making money!
XAUUSD:Short-Term Focus 1970-1985
Yesterday was negative, so the short-term is a stagflation rhythm, but if it goes directly to V and reverses the decline, the price should rebound again at the key support. The high point of the second rebound is lower than the previous high and then falls again. It can be confirmed that the stage top appears, which is consistent with the structure formed by the previous bottom. The short-term price focuses on the 1970-1984 range
More analysis and signals will be updated in time, and interested friends can keep up.
XAUUSD Outlook 21/7/23 Weekly is still bull 📈Good evening gold gang! WHAT A WEEK! .. grabbed some amazing pips today in both sessions. Congratulations if you caught them with me on my analysis.
Last day of the week lets go!!
Weekly candle is still bullish! im still expecting that 1993 to be hit either tomorrow or early next week. So buys are on the menu tomorrow
Only thing to look out for is the messy range marked in the yellow box. Thats the no trade zone for me as there are way too many wicks in there. Wait for the breakout
I have just seen whilst writing this, that tomorrow is a no news day!! UGH! .. we may not reach the dizzy heights of 1993 until next week now as im not sure there will be much volume
saying that, fridays are normally busy days, so lets stay hopeful
buys sells and reversal points are on the charts gang .. have a great evening and asian session for those partaking
do me a favour and follow along! i keep it real over here :)
catch you in london
your mate Tommy XAU
XAUUSD Trade IdeaXAUUSD trading range marked, hopefully we can see uptrend from here.
Manage your risk Accordingly!
XAUUSD 1H SELL PROJECTION 21.07.23FUNDAMENTALS
* Spot gold
GOLD
rose 0.1% to $1,971.79 per ounce by 0119 GMT. Bullion gained nearly 1% so far this week.
* U.S. gold futures
GOLD
gained 0.2% to $1,973.80.
* The metal slipped on Thursday from a two-month high as the dollar and bond yields climbed on stronger-than-expected U.S. labour market data.
* The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months amid labour market tightness and defying efforts by the U.S. Fed to slow demand.
Gold Could Reach $2000 - Load Up on Gold!As we all know, gold has always been a reliable and sought-after investment option, and recent market trends have only reinforced its significance. The critical support level at $1960 is a crucial turning point. With this group holding firm, it becomes increasingly likely that gold will soar to new heights, potentially surpassing the $2000 milestone.
You might be wondering why you should consider loading up on gold. Well, let me give you a few compelling reasons:
1. Safe-Haven Asset: Gold has long been considered a safe-haven asset, providing stability and security during uncertain times. With the ongoing global economic challenges and market volatility, gold remains a reliable hedge against inflation and market fluctuations.
2. Diversification: As traders, we understand the importance of diversifying our portfolios. Gold offers a unique opportunity to diversify your investments, reducing the overall risk and enhancing the potential for long-term returns.
3. Potential for Profit: With gold's upward trajectory, profit has significant potential. Capitalizing on this favorable market condition allows you to position yourself for substantial gains and take advantage of the upward momentum.
So, my fellow traders, here's the call to action - consider loading up on gold! Now is the time to seize this opportunity and potentially reap the rewards. With the support level at $1960 serving as a key indicator, it's crucial to act promptly and make the most of this bullish trend.
Remember, investing in gold is not only a smart move but also an exciting one. So, let's ride this wave of optimism and take advantage of the golden opportunity that awaits us!
Feel free to reach out by a comment if you have any questions or need further guidance on maximizing your gold investments.
GoldViewFX - Market UPDATEHey Everyone,
We got the break above the channel and 1976 which followed with a nice push up during Tokyo session allowing us to take profit for 50pips. However, the full gap to 1993 was not complete and now open.
Price has now dropped back into the channel breaking 1976 towards 1963. 1963 zone is also inline with the channel half-line and will likely provide support for a bounce. A break below the half line will see the channel bottom tested.
We will keep these retracement levels in mind when buying dips inline with the overall Bullish trend. Managing a tight risk allows us to manage the swings to fall back into the wave.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our Goldturn levels.
Our long term projection still remains Bullish but bearish level targets are due for correctional retracements.
BULLISH TARGETS
1963 - DONE
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976 - DONE
AND POTENTIAL 1993 AT A PUSH.
BEARISH TARGETS
1948
1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1917
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
