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Xauusdtoday

XAUUSD I Technical Analysis & Trading PlanWelcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
FOREXCOM:XAUUSDLong
by BKTradingAcademy
1
XAUUSDIt's Willson and useful stuff again 🚀🚀🚀 🔴 With news related to the Middle East having been absorbed and neutralized, it is possible that Gold will anchor at the 189x-196x mark for a while before there are strong fluctuations to the USD or from the Middle East only then. Gold just broke out strongly at one of the two ends. - Next week there will be news on CPI, PPI and unemployment benefits in the USD. - According to personal opinion, here Gold is retesting the uptrend on the H4 channel that could pop up in 2 days from this 1938 area. 🔴 If we find the 1959-1963 zone again, we will SELL and SL at 1972 is the most reasonable, TP can consider depending on the force situation at that time. 👉 In case it drops past 1930, you can wait for the 1910-1914 zone to open a BUY entry here because this was the area that popped up last time. Personal opinion, not investment advice.
OANDA:XAUUSDLong
by Willsonnnn
XAUUSD: Today's Market and Volatility!Gold prices declined slightly earlier today, reaching a low of $1,912.66 during London trading hours. However, the losses were mostly recovered after Wall Street's opening. The US Dollar gained strength in the first half of the day due to a cautious market sentiment caused by tensions between China and the US, which raised concerns about economic growth. Later in the day, the US stock indexes recovered and traded positively, which weakened the US Dollar. Despite this, the lack of significant data limited activity among equities, resulting in no change in XAU/USD trading for the day. Support levels: 1,903.00 1,892.95 1,877.10 Resistance levels: 1,930.70 1,945.20 1,958.75
FX:XAUUSDLong
by Sphyn-Trader
11
Gold depends on $ & supporting by Silver week aheadXAUUSD Technical Overview: Week Pivot: 1191.82 Week Key Resistance: 1200.74 - 1206.16 -1215.16 Week Key Support: 1182.90 - 1177.4 - 1168.48 Technical Indicator: Moving Average: SMA 200 (1196.65) & SMA 55 (1198.28) strong resistance for gold. RSI: The indicator shows downward momentum & having strong resistance at 53.41 level (See in chart) Technical Trade Idea for week: Most Likely Scenario: Long above 1191.40 with target 1200 - 1205 in extension. Alternative Scenario: Short below 1191.40 with target 1182 - 1176 in extension. Fundamental: Gold hit a fresh six-week low late in the week, but a strong performance in silver, coupled with profit-taking in the U.S. Dollar ahead of the week-end, helped the market recover nearly half of the week’s loss. Although the direction of gold prices will be primarily influenced by the U.S. Dollar. Traders should also pay attention to the price action in the silver market. Silver is being supported because it is relatively cheap. Additionally, it could be attracting buyers due to inflationary expectations and industrial demand during the current economic expansion. This makes it a more attractive asset relative to gold. This may be just enough to bring in the buyers. Now that the news is out there, look for heightened volatility. Economic news that could influence the U.S. Dollar and gold prices next week are U.S. ISM Manufacturing PMI, ISM Non-Manufacturing PMI, and the Balance of Trade. Additionally, investors will get the opportunity to react to the September Non-Farm Payrolls report. The headline number is expected to show the economy added 185K jobs last month. Average Hourly Earnings are expected to have risen 0.3% and the Unemployment Rate is expected to dip to 3.8%. The dollar will continue to be influenced by Treasury yields and worries over Italy. We’re going to approach the market early in the week as if a stronger dollar will make gold weak. However, we’ll quickly shift to an upside bias if another rally in silver takes control of the gold market and drags prices higher. Thanks YoCryptoManic
FX_IDC:XAUUSDShort
by yoCryptoManic
Bitcoin looking further Long side scenario level $7,000XBTUSD Technical Overview: Trading Range: $6,430 - $6,788 Key Resistance: $6,630 - $6,676 - $6,743 - $6,788- $6,945 Key Support: $6,548 - $6,491 - $6,464 - $6,420 - $6,364 Technical Indicator: Moving Average: Simple Moving Average 100 ($6,570) & SMA 200 ($6,574) strong support for Bitcoin intraday. RSI: RSI lacks bearish momentum & strong support at RSI level 44.06, if it will break down than XAUUSD more down and vice-versa. Technical Trade Idea: Most Likely Scenario: Long XAUUSD $6,450-$6,485 strong Stop Loss $6,372 & target $6,620 - $6,676 in extension. Alternative Scenario: Short XAUUSD $6,350-$6,330 Strong Stop Loss $6,482 & target $6,258 - $6,194 in extension. Overall, The U.S SEC is expected to rule over another ETF proposal on September 30(Today). Bitcoin has been predicted to make a comeback towards the end of this year. Currently, the bulls are alert and are ready to spot all technical signals that will indicate the next swing towards $10,000. Bitcoin has experienced overstretching declines this year from the all-time high close to $20,000 to the current price at $6,756. In the recent months the tussle between the U.S Securities and Exchange Commission (SEC) and the firms seeking a Bitcoin exchange-traded fund ETF) has done more damage to the deflating crypto. The authority is expected to rule over another ETF proposal on September 30(Today). The SEC rejected the other ETFs on the grounds manipulation among other issues. Thanks YoCryptoManic
BITMEX:BTCUSD.PLong
by yoCryptoManic
Yellow Metal Looking Go Forward But $$ trying to StopXAUSD Technical Overview: Day Trading Range: $1196 - $1216 Pivot: $1201.20 Key Resistance: $1205.25 - $1208.36 - $1212 - $1215.45 Key Support: $1201.20 - $1198.33 - $1194.20 - $1192.10 Technical Indicators: RSI: Indicator shows upside momentum, moving above 50 level. MACD: MacD having bullish trend line. Moving Average: SMA 100 ($1199.89) & SMA 200 ($1199.10) strong support for Gold. Technical Trade Idea: Most Likely Scenario: long positions above $1201.10 with targets at $1208.45 & $1212 in extension. Alternative scenario: below $1201.10 look for further downside with $1198.25 & $1194.50 as targets. Fundamental: Gold move depends on Dollar today 1) The US housing starts rose strong 9.2% m/m in August while building permits decreased -5.7% m/m in the same month. 2) The US initial jobless claims are expected to increase to 210K in the week ending September 14. 3) Philadelphia Fed index is expected to increase to 17.0 in September from 11.9 in August. Thanks YoCryptoManic
OANDA:XAUUSDLong
by yoCryptoManic
XAUUSD "Bart" Trading MaintainingXAUUSD Technical Overview: Day Trading Range: $1186 - $1208 Pivot: 1196.75 Key Support: $1194.45 - $1188.88 - $1184.50 Key Resistance: $1198.25 - $1203.88 - $1208.89 Technical Indicators: MACD: MacD is having low selling volume. RSI: RSI is still below 50 level. Moving Avg: SMA100($1197.68) & SMA200 ($1203.13) strong resistance for yellow metal.. Most Likely Scenario: short positions below 1196.75 with targets at 1191.25 & 1189.50 in extension. Alternative scenario: above 1196.75 look for further upside with 1198.75 & 1202.00 as targets. Fundamental: Gold markets of course are very sensitive to the fate of the US dollar, which is getting sold off during trading on Monday as it has been stated by the EU official we may be within two months of the Brexit negotiated deal. If that’s the case, it would be very good for the Euro, and even better for the British pound. In other words, it should lead to more US dollar selling. However, we have the concern over emerging markets, which has kept the dollar elevated. All of this noise is contributing to a very choppy and difficult gold market. Thanks YoCrypotoManic
FX_IDC:XAUUSD
by yoCryptoManic
Europeand Session Yellow Metal Bullish Flag ?XAUUSD Technical Overview: Day Trading Range: $1186 - $1208 Pivot: 1195.00 Key Resistance: $1204.45 - $1212.00 - $1218.85 Key Support: $1195.45 - $1188.45 - $1182.00 Technical Trading Idea: Most Likely Scenario: long positions above 1195.00 with targets at 1201.00 & 1204.00 in extension. Alternative scenario: below 1195.00 look for further downside with 1193.00 & 1189.50 as targets. Technical Indicator: MACD: MacD advocates for further upside. Moving Avg: SMA100 ($1194.63) strong support $ SMA200 ($1205.79) strong resistance for the day. Fundamentals: Gold markets rally during the trading session on Wednesday as it was reported that the UK and Germany were possibly coming together a bit on the Brexit negotiations, and this of course in the EUR/USD pair in the GBP/USD pair higher. In other words, drove down the value of the US dollar which of course is good for gold overall. With that being the case, the market looks very likely to test the $1205 level. If we can get above that level, it could free the market to go to the $1210 level next. In the meantime though, I would expect a lot of volatility, and just as much selling pressure as buying, as the markets are very erratic in general. I would trade this market in five dollar ranges, going back and forth to keep your P&L safe. If we do break down below the $1200 level, I think somewhere near the 1196 level there should be some buying support. Today’s market hours will see release of ISM Non-Manufacturing PMI, Crude Oil Inventory and ADP Non-Farm employment change data and a hawkish outcome in same could help USD gain upper hand against the shared currency. Thanks YoCryptoManic
FX_IDC:XAUUSDLong
by yoCryptoManic