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Gold's Chart Signals Temporary Downtrend but Uptrend Indicators As per the analysis of the provided chart, the outlook for Gold suggests potential downside towards the levels of 59260 , 59000 , and 58700 . Traders should pay attention to the level of 59600 , as a crossover and close above this level could signal a resumption of the uptrend. The presence of the 100-day moving average and a parallel channel on the chart further support the notion of an underlying uptrend, indicating that the current downtrend may be temporary. In terms of key events for today, the following are of significance: 18:00 Core PCE Price Index (MoM) (Apr) and Core Durable Goods Orders (MoM) (Apr) - High impact 19:30 Michigan Consumer Expectations & Sentiment (May) - Low impact 22:30 U.S. Baker Hughes Oil Rig Count - Medium impact Additional information and important event details for the upcoming week will be provided shortly.
MCX:GOLD1!Short
by forextidings
1
Don't Get Yourself Into a Bull Trap With MCX GoldKey levels: 47948 - 49290 Gold is rejecting uptrend and downtrend at the level of 47948 . And we don't see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully. Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948 . Intraday traders can keep buying the gold for targets of 48360 - 48640 - 48890 - 49280 until it remains above the level of 47948 . But, if you see a breakout of the first 'key' level, then sell it for the targets of 47480 - 47060 below. Buyers must be aware these days. Why? The gold prices may push down with power compared to an uptrend because of Coronavirus (Omicron). For advance traders, watch significant releases or events that may affect the movement of gold, silver, crude oil & natural gas. Tuesday, Dec 28, 2021 20:30 CB Consumer Confidence (Dec) - High Wednesday, Dec 29, 2021 03:00 API Weekly Crude Oil Stock - Medium 21:00 Crude Oil Inventories - High Thursday, Dec 30, 2021 19:00 Initial Jobless Claims - High 21:00 Natural Gas Storage - Low
MCX:GOLD1!
by forextidings
4
Gold: These Two Levels Can Change The XAUUSD TrendAdvice For Day Traders: XAUUSD is not tradable between the range of 1766 to 1745 . They are trend changer levels. Gold's Simplified Trading Strategy: According to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold's target price 1782 - 1790+ . In simple language, you should wait for the breakout of 1766 or 1745 . Because of that's a crucial level for XAUUSD traders. If gold will breakdown the 1745 level, then the downtrend will begin. And that downtrend can drag it down up to 1730 - 1706 - 1686 . 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. Tuesday, Sep 21, 2021 18:00 Building Permits (Aug) - Medium Impact Wednesday, Sep 22, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 19:30 Existing Home Sales (Aug) - Medium Impact 20:00 Crude Oil Inventories - High Impact 23:30 FOMC & Fed Interest Rate Decision - High Impact Thursday, Sep 23, 2021 00:00 FOMC Press Conference - High Impact 18:00 Initial Jobless Claims - Medium Impact Friday, Oct 01, 2021 18:00 PS MoM - Medium Impact 19:15 Manufacturing PMI - Medium Impact 19:30 Michigan Consumer Sentiment - Medium Impact
OANDA:XAUUSD
by forextidings
15
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
GOLD BUY | Good Luck traders Hello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD .. I still did my best and this is the most likely count for me at the moment .. Support the idea with like and follow my profile TO SEE MORE Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
TVC:GOLDLong
by BULLSS1993
2
GOLD - See What These Gann Fan & Fibonacci Retracement Value SayHere, I have used Gann Fan & Fibonacci Retracement to identify the next move of Gold Spot. Wherein, it is taking reversal from the 0.5 retracement value (highlighted by green square ). And now it's running under 3/1 & 4/1 Gann Fan value. According to this chart, gold will keep drilling upward up to $1940 . After that, it can fall for 0.382 value of retracement. And a breakdown of this retracement means $1900 waiting ahead. Overall we can see a bullish trend. That can be for $1960 - $1976 levels before Nov end.
TVC:GOLD
by freestocktips
MCX Gold Trading Strategy for Intraday TradersThis chart is all about the assumption of the future moves of the gold, which has created by using the Elliott wave patterns of impulsive & corrective waves. In the beginning, there are impulsive waves which converted into the corrective waves now. Gold cannot keep drilling downward. Before the downtrend begins, we may see the following levels: 51160 - 51300 - 51460 - 51600+ Kindly note, don't buy it after a breakdown of the last tail. This breakout can pulldown the gold price up to 50660 - 50400 levels.
MCX:GOLD1!Long
by freestocktips