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Xauusdt

XAUUSDTBased on the given market data, the XAU (Gold) is currently priced at 1930.0 USDT. On the 4-hour chart, it has an RSI of 86 which is well above 70, indicating that it is currently overbought. The MACD of 16.09 also suggests a bullish market. The Bollinger Bands at 1881.0 and the support levels at 1882.0, 1863.0, and 1805.0 indicate a strong buying pressure. The resistance levels are at 1930.0, 1957.0, and 1980.0. On the daily chart, the RSI is 59.35, which is a neutral zone, neither overbought nor oversold. The MACD is -11.11 which indicates a bearish market. The Bollinger Bands at 1880.0 and the support levels at 1816.0, 1774.0, and 1690.0 indicate a potential downward trend. However, the resistance levels are at 1990.0, 2017.0, and 2087.0 which suggest a possible upward trend. On the weekly chart, the RSI is 50.30, which is in the neutral zone. The MACD at -8.16 suggests a bearish market. The Bollinger Bands at 1932.0 and support levels at 1809.0, 1720.0, and 1672.0 indicate a potential downward trend. The resistance levels are at 2038.0, 2111.0, and 2291.0 which suggest a possible upward trend. In conclusion, while the 4-hour chart suggests an overbought condition, the daily and weekly charts indicate a more neutral to bearish market. It's important to consider these factors along with other market news and trends before making a decision. This is just a technical analysis and it's recommended to consider the fundamental analysis and your personal risk tolerance before making any investment decisions.
FXOPEN:XAUUSDShort
by MarsSignals
XAUUSD ImbalanceThe recent price action of gold has been intriguing to many market participants, with a sharp decline in prices followed by a relatively swift recovery. A closer look at the technical indicators reveals that gold has indeed bounced back from the Anchored Volume Weighted Moving Average (AVWMA) and is now poised to head towards a state of imbalance. The AVWMA, a variant of the widely used Moving Average indicator, takes into account the trading volume of an asset while calculating its moving average. This makes it a useful tool for traders and analysts looking to gauge the strength of a trend. In the case of gold, the AVWMA has acted as a key support level, with prices bouncing back from it in recent sessions. Looking ahead, one of the most important factors to consider is the state of imbalance in the market. Imbalance occurs when there is a disparity between the buy and sell orders, leading to a sharp move in prices. With gold prices now headed towards this state of imbalance, traders and analysts are closely watching for any signs of a breakout. Overall, the technical analysis suggests that gold is currently in a bullish position, with several indicators pointing towards further upside potential. As always, it is important to keep a close eye on the market and stay up to date with any news or events that could impact gold prices.
PEPPERSTONE:XAUUSDLong
by TradeConfirmed
1
GOLD is no longer good We are living in the digital age, and we require digital money like Bitcoin. Shiny metal is beautiful, of course, but the internet is currently up and running. I remember the peak on gold in 2020, when the coin stores were full of people and there were big queues in front of the stores full of retail investors. It's not looking good for gold at all; another 17% drop is possible as per my technical analysis. According to my Elliott Wave analysis, if we want to stay bullish on this wave count, then the bulls need to defend the 1350 USD level. We are currently in the C wave of the corrective structure. 1350 USD is a strong support because: the start of the gap from 2019 + breakout level from 2019 + Wave 1 support from 2016 + Trendline from 2015 + 200 monthly MA! 200 daily/weekly/monthly MA is considered a very powerful support by huge institutions and hedge funds. This is a great opportunity for a swing trade in the future! Look at my ideas about Bitcoin and crypto's total market cap in the related section down below. For more analysis, hit "Like" and "Follow"!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
72
XAUUSD Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. if we get a local update of the top (this is important for growth), we are waiting for a correction on which it will be possible to buy at least with a target for another wave of growth. If the update of the local top doesnt occur - setup will be cancelled. Target zone: 1760 - 1790 Stop: ~1625 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 2 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
OANDA:XAUUSDLong
by trytofeelpositive
1