Get started

Freeforexsignals

Will Gold Spot Decline More? (TP 1682.6)Gold (XAUUSD) and silver (XAGUSD) has crashed in the previous week. Gold has lost -113.585 points ( -6.05% ), and silver lost -2.14315 ( -7.68% ). Millions of CFD's traders have lost money in that week. Where's gold's bottom? According to technical analysis and fundamentals research, gold can decline more. Gold has broken the strong support trendline (01) and marching for 02 . If it doesn't close above to trendline of 01 in the first two trading sessions, it will be unstoppable through high selling pressure by speculators. And we will see the target price 2. Technically, the most popular indicators are indicating a complete downtrend. And Stoch RSI is signaling for a reversal. So, it can pullback up to a retracement level of 38.2% or 01 trendlines. If that not happen, gold can lose 81.635 points more. In the previous week, gold and silver were falls due to economic events and high selling pressures by speculators. For advance traders, watch significant releases or events that may affect the movement of gold , silver & crude oil . Tuesday, Jun 22, 2021 00:30 - FOMC Member Williams Speaks 01:00 - All CFTC Speculative net positions 11:00 - Gold Index 20:30 - FOMC Member Daly Speaks 23:30 - Fed Chair Powell Testifies Wednesday, Jun 23, 2021 02:00 - API Weekly Crude Oil Stock 18:30 - FOMC Member Bowman Speaks 19:15 - Flash Manufacturing PMI | Flash Services PMI 20:00 - Crude Oil Inventories 20:30 - FOMC Member Bostic Speaks Thursday, Jun 24, 2021 18:00 - Final GDP q/q | Initial Jobless Claims
OANDA:XAUUSDShort
by forextidings
3
Weekly outlook of Gold SpotIn June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month. Gold spot needs to break 1809 levels to retest support of 1793.6 - 1783.6 . These support levels will push the gold price higher. Gold isn't sellable until the breakout of 1766 ( strong support ). XAUUSD will touch 1858 - 1898 levels soon. Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas: Wednesday, Jul 21, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 20:00 Crude Oil Inventories - High Impact 20:00 Cushing Crude Oil Inventories - Medium Impact Thursday, Jul 22, 2021 20:00 Natural Gas Storage - Low Impact
OANDA:XAUUSDShort
by forextidings
7
Part 2: What Drives Gold (XAUUSD) Prices?PREVIOUS: ------------------- Weekly outlook of Gold Spot - WHAT'S NEXT: ---------------------------- Key levels: 1793.6 and 1783.6 According to my previous newsletter, my gold key levels will remain the same. It's not sellable until breakout the 1766 (strong support). In XAUUSD, buying pressures are increasing. We may see 1812 - 1824 - 1836+ levels. Alternatively, gold is taking a reversal from the first key level, so its upside rally may be weak. But, day traders can play between my range. And stop buying when it breaks the first key level. That could drag down the gold price directly at the second key level ( 1783.6 ). And gold's closing price below 1783.6 means blast. It may hit the strong support level directly. Please note, don't forget to watch significant releases or events mentioned above in the chart that may affect the movement of gold, silver, and crude oil.
OANDA:XAUUSD
by forextidings
12
FOMC Minutes: A confirmation for an explosive rally in XAUUSDGold has started collapsing nonstop after Nonfarm Payrolls data. And it stopped at my ' tested many times ' level. XAUUSD has recovered 50% almost in the previous week. The gold spot needs to break the 1793.6 level to start an uptrend. Afterward, it will go for 1806 - 1826 levels. And these levels can push the gold price up to 1900 . But if gold breaks the strong support again, it will start falling. This time, it won't stop! Hence, the short-term traders can start selling from there for the targets of 1744 - 1726 - 1684 . For advance traders, watch significant releases or events that may affect the movement of gold, silver & crude oil. Especially, don't forget to watch this Wednesday's events to find out gold upcoming actions. Tuesday, Aug 17, 2021 18:00 Core Retail Sales (MoM) (Jul) - High Impact 23:00 Fed Chair Powell Speaks - High Impact Wednesday, Aug 18, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 20:00 Crude Oil Inventories - High Impact 23:30 FOMC Meeting Minutes - High Impact Thursday, Aug 19, 2021 18:00 Initial Jobless Claims - High Impact 20:00 Natural Gas Storage - Low Impact Friday, Aug 20, 2021 Baker Hughes US Oil Rig Count - Low Impact MCX Gold Will Have An Explosive Rally This Wednesday: MCX traders should keep their eyes on the 46720 levels. It's a trend changer. As per XAUUSD, Indian MCX Gold can raise 47500 - 48260 after a breakout of $1793.6 . And if it breaks the strong support of Gold Spot, it will keep falling for targets of 46260 - 45860 .
OANDA:XAUUSD
by forextidings
1
Gold will come back to the $1800 level?On 16 July, gold has crashed over 60$ during the FOMC event. At that time, Commodity Futures Trading Commission (CFTC) data was highlighting selling pressure. GOLD - COMMODITY EXCHANGE INC. FUTURES ONLY POSITIONS AS OF 07/27/21 (CONTRACTS OF 100 TROY OUNCES) | OPEN INTEREST: 500,187 NON-COMMERCIAL & COMMERCIAL TOTAL ----------------------------------------------------------------------- LONG 452,107 | SHORT 481,533 Ref: CFTC Gov And on 27 July, CFTC data was said OI (Open Interest) of a gold future contract is 500,187 and total shorts 481,533 & buys 452,107 . But, gold prices increased. We have to notice that the bullish rally wasn't powerful compare to the 16 July data. And selling pressure has higher compare to buyers. Hence gold has moved bearish side in the last trading session. If gold wants to move upside, then it has to crossover my strong resistance. That will lead the gold's prices above 1840 - 1860 - 1882 - 1900 . But if you focus fundamentally & CFTC data, XAUUSD will keep falling and touch the following targets: 1793.6 - 1783.6 - 1763.6 . Gold is making double top formation also.
OANDA:XAUUSDShort
by forextidings
XRP LONGDAILY: First up we are still bullsh, price is above the 200ema which has shown strong rejection. Long term resistance turned support has been honored with several rejections. We have also seen the MACD cross with bullish volume presenting itself. 4HR: 200ema rejections forming nice support. Price has really tested and struggled to break through support. RSI is above the midline, which could indicate sentiment reversal. 1HR: Is currently claiming minor higher higher combined with higher lows, we want to wait until price hits 1.1015, if price breaks this resistance level we want to look for a retest to enter, then a continuation to the upside p [otentiaslly all the way to previous structure highs of 1.5981. Let me know your thoughts on this one, are you bullish or bearish on XRP?
Long
by Richie_the_trader
3
USD/CHF Short SellFX:USDCHF www.tradingview.com s3.tradingview.com Thoughts and Reasoning Behind Price Movement Are Listed Below Technical analysis of the USDCHF pair Larger Trend analysis on the larger timeframes suggests there will be a continuation of the prevailing downtrend The pair is lining up well with Elliot confirmation principles Trader sentiment on all timeframes above 30 mins suggests a strong sell providing further confirmation. Feel free to comment and like Follow my account for more analysis like this
Short
by kidomsi