Gold has not yet reached the time of the carnival feastGold has not yet reached the time of the carnival feast, "2015 has not yet opened, look back under."
If gold does not go up to 2015 today, then the market will oscillate between 2015 and 1985 today, so we must rely on the position of 2015 short once. Asian markets can rely on 2000 near the position of more than once, the stop loss is 5 points.
Xuausd
XAUUSD | Trade Idea The XAU/USD pair shows a weak growth, again testing the psychological level of 2000.00 for a breakout. At the end of last week, gold quotes showed a sharp decline, retreating from their record highs of March 2022, falling under the influence of technical factors and a new phase of strengthening of the US currency. In addition, traders expect further tightening of monetary policy by the world's central banks in early May. In particular, the US Federal Reserve, the European Central Bank (ECB) and the Bank of England are likely to raise interest rates again. The pressure on the position of gold is also exerted by the fact of the growth in the yield of US Treasury bonds: the 10-year bonds corrected the day before from 3.522% to 3.595%. Today, the focus of investors will be American statistics on the dynamics of Housing Starts in March, where forecasts suggest a slowdown from 1.45 million to 1.40 million, and the Housing Starts Change may fall from 9.8% to 0.4%.
GOLDWelcome . Gold is negative. Especially with a strong support breakout. 1825. Which indicates the weakness of the bulls and the continued dominance of the bears. There are more declines in the coming days. During tomorrow's trading session, the bears may press down and lead to more selling and push gold futures contracts towards the next support level at 1800. It is a very strong support. The second scenario is the collapse of gold to retest it. model. Double top or bottom
DXYIt seems that wave 5 is over, which can be a part of wave A or 1 of the corrective phase.
The index has reacted well to the areas determined for the completion of wave A and until the bottom of the hypothetical wave 5 has not been broken, this analysis is valid.
The red boxes are the ideal areas for the end of the hypothetical wave B.
Happy dollar days are coming..
USOIL OUTLOOKWith NFP adding 257k jobs last week Friday the greenback increased by 1.23% which correlated to further oil decline after supply stood their ground a week prior.
As price approaches a major support level at 73.58, a rejection would see buys towards 76.70-77.43 range if price fails to break 72.43
If 73.58 holds as a major resistance and price breaks 72.43, I see selling opportunity towards demand level at 70.00 where I would be anticipating for further decline or a rejection.
TVC:USOIL
Gold under the resistance. XAUUSDHello my friends, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. The price reached first target 1784 and the second 1805. For now under resistance but I think it has the potential to break and go to the next target 1830.
Good luck.
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XAUUSD (GOLD) BREAKS HIGHS !!!XAUUSD (GOLD) hows now broken a key-level 18.25 and touches 18.30, looking recent patterns we can see when gold breaks highs it tends to consolidate, so now seems the time be patience and allow XAUUSD(GOLD) to go east for 1-3 days. We could see gold retest 18-18.15 if it doesn't want to become bearish and remain bullish we could see it test 18.5 .
InvestMate|GOLD Time to make a profit🥇🥇GOLD time to make a profit
🥇Post is a continuation of my post on gold in which I announced a correction:
🥇This time it is time for an update and in my opinion we will continue the decline.
🥇I set the support zone by the 0.382 level of the whole upward wave.
🥇I determined the resistance zone based on past price reactions.
🥇There are 2 scenarios that can play out in this case.
🥇1. Continuation of the decline to the support zone
🥇2. Waiting for a retest of the resistance zone and joining the declines to the support zone at this point
🥇*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GOLD - 5 Sep 2022Considering that September is often the month of weakening of gold and according to the published statistics from NFP on Friday and the upward movement of gold on Monday, gold started its work with a fall, and is waiting for Mr. Powell's meeting on September 8 and the decision Federal Reserve Banks