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Xauusdsignals

XAUUSD is trying to hold the 1D MA50. Huge rally if it succeeds.Gold (XAUUSD) eventually broke above the 2 month Channel Down and even made a candle closing above the 1D MA50 (blue trend-line) last week: Currently the big development for buyers would be to hold the 1D MA50 and establish it as the new long-term Support. Based on both the 1D RSI and 1D MACD, Gold has alreayd formed a technical bottom similar to the February 27 2023 and October 21 2022 patterns. Assuming the long-term pattern is a Channel Up, this latest bottom is a technical Higher Low. As a result, if the price breaks above Resistance 1 (1968.50), we expect a bullish extension first to Resistance 2 (2020) and then Resistance 3 and All Time High at 2080. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
1
XAUUSD | Price Action | New perspective | follow-up detailsGold clings firmly to its coveted $1,900 handle! The stage is set for an intriguing turn of events, especially in the wake of a milder-than-anticipated U.S. jobs report for June. This unexpected twist suggests a potential dampening of the Federal Reserve's hawkish stance as its policymakers prepare for their upcoming rate review in three weeks. In the face of this economic backdrop, gold staged a remarkable rally following the Labor Department's revelation on Friday that June witnessed a lower-than-expected addition of 209,000 new hires, with revised figures for May at 306,000 (a downward adjustment of 33,000), the unemployment rate exhibited a decline from 3.7% to 3.6% in June. Moreover, average hourly earnings saw a mirrored increase of 0.4%, matching May's growth. While the mid-week exerted pressure on gold, it emerged triumphant, holding firm above the $1,900 mark and even recovering some of its losses. This feat has set the stage for a potential surge in bullish momentum, teasing us with anticipation for the week ahead. The prevailing market sentiment remains unabashedly bullish, with traders seizing the momentary weaknesses as an opportune time to enter the market. XAUUSD Technical Analysis (Price action): In this video, we delve deep into a comprehensive examination of price action, as we carefully study accumulation and distribution patterns. By scrutinizing past price movements, decoding market behaviors, identifying recurring trends, and pinpointing significant support and resistance levels, we have unearthed invaluable insights into the motivations and actions of both buyers and sellers. In this regard, we have placed particular emphasis on the key level at $1,930 which will serve as our yardstick for the upcoming week. This pivotal threshold holds the power to sway the direction of price action in the upcoming week, making it a focal point of utmost importance. The reactions observed within this zone, especially during the first half of the week, will serve as indispensable indicators, guiding our trading decisions. Prepare yourself to seize the opportunity that lies ahead! Armed with my updates and precise analysis, you'll be equipped to make well-informed and strategic trading choices throughout the week. The stage is set, the spotlight is on, and the drama of the gold market awaits your presence. Stay tuned for an exhilarating journey that will empower you to navigate the labyrinth of trading with confidence and finesse. 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
3
Gold- Inflation data could provide the trigger for a breakAfter the dive under 1900 and the new attempt of a drop under this important figure last week, Gold was trading higher with dips clearly bought by bulls. In my yesterday's analysis, I've written that a break of important 1940 horizontal resistance could follow such a price development and the overall idea is unchanged. At the time of writing Gold is "playing" with this resistance and inflation data could provide the trigger for the break. Eventual dips under 1930 should be bought and negation comes under 1915 low. As for the target, the next obvious level of resistance is at the 1975 zone
OANDA:XAUUSDLong
by Mihai_Iacob
56
GoldViewFX - MARKET UPDATEHey Everyone, Yesterday we completed all our Bullish targets on the 1H chart idea and stated only the 4H chart target was left at 1963. This was HIT today and the level respected with perfection completing our 4H chart idea. Price supported at the channel half line providing the push up hitting all the Bullish targets. We are now testing a resistance structure and will either see a rejection here or ema5 cross and lock above this level will confirm the upper structure. We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels. Our long term projection still remains Bullish. BULLISH TARGETS 1936 - DONE EMA5 CROSS AND LOCK ABOVE 1936 WILL OPEN THE FOLLOWING BULLISH TARGETS 1948 - DONE 1963 - DONE BEARISH TARGETS 1917 - DONE 1899 EMA5 CROSS AND LOCK BELOW 1899 WILL OPEN THE SWING RANGE SWING RANGE 1882 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
OANDA:XAUUSD
by Goldviewfx
18
Gold is about to witness a new uptrendGold prices regained momentum after a day of stagnation, as the US Dollar Index (DXY) fell to a two-month low near 101.90 in a four-day losing streak. That said, low US inflation expectations followed by disappointment from US jobs data should weigh on the US Dollar and boost XAU/USD Price. The bearish inflation signals raise expectations to see the US Consumer Price Index (CPI) fall slightly more, expected on Wednesday, thus casting doubt on the Bureau's latest hawkish comments. Federal Reserve (Fed) and Drive Gold Price. SELL XAUUSD zone 1932 - 1935 - Stoploss 1940 (scalp) SELL XAUUSD zone 1948 - 1950 - Stoploss 1957 Conversely, if the Triple Top is formed first, Gold will return to $1907 - $1905, This will help us form a long-term Buy strategy. Note: Installing TP SL fully wins the market and is safe in trading
OANDA:XAUUSDLong
by DNA_TradingFX
3
XAUUSD Channel Down still stands, trade within this range.Gold (XAUUSD) has been trading within a Channel Down pattern for almost 2 months, with it being the correctional wave from the April - May vastly overbought technical levels. Our focus is now on the shorter term were the 4H MA200 (orange trend-line) continues to act as the Resistance and the new 4H MA100 (green trend-line) rejection should technically pull the price down near the Higher Lows trend-line. This projection is modelled out of the May 30 - June 14 fractal. Our sell target is 1906.50, unless the price breaks above the 4H MA200, in which case we will buy the break-out and target the 1D MA50 at 1955. On the medium-term, a bounce on Support 1, can provide the next sell entry that will target the 1D MA200 (red trend-line) within 1,880 - 1,875 which is the long term sellers' target. ------------------------------------------------------------------------------- ** 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
1
XAUUSD | Price Action | New perspective | follow-up detailsDespite the less-than-ideal macroeconomic conditions, the gold bull is still putting up a fight. The recent comments made by Powell regarding potential rate hikes have pushed gold to its lowest point in three months. During his semi-annual testimony on the economy, Powell hinted at the likelihood of more rate increases in the coming months, even though the Fed decided to pause on another hike last week. The rise in U.S. interest rates increases the opportunity cost of holding gold. As a result, the gold price experienced a retreat, driven by the strength of the U.S. Dollar Index, breaking below the crucial $1,935 level that had been a strong buying point over the past four weeks. This breakdown was marked by bearish engulfing candles and a notable increase in trading volume. However, buying pressure around the $1,910 level led to a retest of $1,935, creating a situation where the direction of future price action is still uncertain. In this video, we will conduct a thorough analysis of the XAUUSD market, considering both bullish and bearish sentiments, as well as accumulation and distribution patterns. By examining past price patterns, market behavior, recurring trends, and significant support and resistance levels, we aim to gain valuable insights into the potential actions of buyers and sellers in the upcoming week(s). It is important to highlight the key level at $1,935, which will play a crucial role in determining the direction of price action this week. The reactions observed within this zone on Monday will provide valuable indicators, particularly for the first half of the week. Get ready to seize the opportunities that lie ahead! Make sure 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.
PEPPERSTONE:XAUUSD
by darcsherry
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.
PEPPERSTONE:XAUUSD
by darcsherry
2
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
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
OANDA:XAUUSD
by tommyXAU
5
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
OANDA:XAUUSDShort
by Sphyn-Trader
27