GOLD avoid buying Stay safeCFDs on Gold (US$ / OZ) forum
GOLD avoid buying Stay safe
XAUUSD Idea: Snipper plan ideeas before NFP… Gold ideas for Friday
GOLD congrats to those who saw my post to sell at 09-12 plus 240 pip wnjoy
GOLD Gold Sel Now Entry Point 3091/ 3093 TP target 3086/ 3078/ 3070
SL 3100
XAUUSD wau trade like obivous london faqs push little drop back gays
XAUUSD next stop: 3077
XAUUSD GOLD has been a gamble lately!
XAUUSD Non-agricultural data will be released soon. Will gold reach a new high again? Let's take a look at Baker's analysisTechnical analysis:
From the 240-minute chart analysis, the price of gold has fallen below the middle track of the Bollinger Band (3120.89) after falling from the historical high of $3167.60, and is currently trading around $3090. The MACD indicator shows a dead cross pattern, the DIFF line and the DEA line both diverge downward, and the bar chart turns from red to green, suggesting that short-term downward pressure has increased. However, the RSI indicator is at 47.65, and has not yet entered the oversold area, indicating that the downward momentum is limited.
From the daily chart, although the gold price has fallen from the high point, it still remains in the rising channel, indicating that the medium-term upward trend is still intact. The daily RSI indicator is at a relatively high level of 67.80, but has not entered the extremely overbought area. The MACD indicator still remains above the zero axis, the DIFF and DEA lines run parallel, and the bar chart shrinks slightly but is still positive, indicating that the medium-term upward trend has not yet ended. The price has formed a clear support near $3050.00, and this level will be the key position of the bulls' defense line.
Trend Expectation Analysis:
If the gold price can hold the support level of $3078.00 and stand firm on the middle track of the Bollinger Band, it may re-challenge the resistance level of $3133, and after breaking through, it will re-test the historical high of $3167.60. The expectation of the Fed's interest rate cut and global risk aversion will continue to provide support for gold prices. Once the non-agricultural employment data is lower than expected, the gold price is expected to continue to refresh the historical high.
If the gold price falls below the support of $3078.00, it may fall further to the psychological level of $3050.00, and the next support level is around $3030 and $3010. Although short-term technical indicators have weakened, fundamental factors still support gold prices, and the possibility of a sharp decline is limited. The market is more alert to the risk of a rebound in the US dollar index due to the unexpected US non-agricultural data.
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XAUUSD Not buying at this level will be mistake guys, start loading up.
GOLD remember 3054 fvg is waiting :)