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Gold-trading

A bearlish scenario for Gold Gold faces many obstacles, but recession fears could help... The gold market tumbled $40 Thursday and briefly fell below the $1,700 an ounce level as markets began to price in an oversized 100-basis-point rate hike from the Federal Reserve at the July meeting. Rate hike expectations were quickly re-priced after the latest U.S. inflation numbers shocked the markets, with the annual CPI number coming in at 9.1% and the yearly PPI rising 11.3% in June. Before inflation data, markets were looking for a nearly 100% chance of a 75-basis-point hike at the Fed's July 27 meeting, according to the CME FedWatch Tool. However, within 24 hours after the numbers were released, the expectations shifted to an 80.9% chance of a 100-basis-point hike. This would take the fed funds rate to a range of 2.50%-2.75%. "Only yesterday morning, the market had just finally priced in a full 75bp rate hike in July for the first time. In a few hours, an above-consensus U.S. CPI reading and a surprise 100bp rate hike by the Bank of Canada changed the whole picture again. After these two events, markets have moved to seriously consider a 1.0% rate increase by the Fed in two weeks," said Francesco Pesole, FX strategist at ING. The Bank of Canada surprised the markets with a 100-basis-point hike on Wednesday, warning that inflation will remain elevated for the next three months. "The Bank of Canada made the leap into triple-digit hikes shortly after the U.S. CPI release, acknowledging in the process that it had underestimated inflation since Spring last year," said Craig Erlam, senior market analyst at OANDA.
AMEX:GLDLong
by UnknownUnicorn38289576
xau/usd sell trade potentialHi there, This is my gold analysis and view of the market. - Price is still trading within the daily trading range - we have a mitigation from the daily supply order block - following daily bearish order flow - we are still holding below the daily 50MA - TDI price line is staying below the 50 middle line on the daily - CPI data new release today ( high volatility ) - trend line liquidity to take before a possible sell off on the 1H time frame happy trading. always use risk management and trade with caution.
OANDA:XAUUSDShort
by aliOC_
3
Gold sellers held up at 1854.30 support.Looking at gold on the 4H in today’s Asian session, we can see that sellers are being held up at a previous level of support. For now, this level is trying to reconfirm support but could this just be a new consolidation pause before the next wave begins? A break below yesterday’s low could suggest the trend is back on, but a hold could start to put up a double bottom / HL idea. After that, we would like to see a new HL to really start suggesting buyers are back in control. Good trading
OANDA:XAUUSD
by Eightcap
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see updated Goldturns and Targets for the 1H chart. We will be looking for EMA5 cross on the Goldturns followed with a candle body close to confirm the next level. Bullish TARGETS 1888, 1896, 1904 RETRACEMENT RANGE (layering range) 1878 - 1869 SWING RANGE (risk management range) 1863 We plan on buying from drops to support levels and taking 20 to 30 pips at a time to avoid getting stuck in swings. We will also be using EMA5 cross and lock to confirm targets to each level before starting to layer entries from support. As always we will keep our followers updated with daily updates. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, We have updated the Goldturn support and resistance levels on the 4h chart and we can see 1884 providing support with a new Goldturn. As long as we see EMA5 remain above 1884 we should resume back to a Bullish movement and range into hitting the immediate Bullish Targets. If we see EMA5 break 1884 then we may see a deeper correction the 1835 inline with the Goldturn trendline support otherwise we remain confident to see price climb back up again. Bullish Targets 1914, 1930, 1939 RETRACEMENT RANGE 1884, 1869 Our plans are to take buys from support levels and bank 20 to 30 pips at a time to avoid getting stuck in any swings. We will only take sells should we get a strong signal activate. As always we will continue to update any changes to our plans daily. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
Let's learn together In the analysis of the part shown with number 1, we saw that we are waiting for the return and retreat, and we achieved a good profit with a good entry. Now with the same strategy (shown in issue 2) at 1896 level we were waiting for a retreat that did not happen. But we were not in a selling position, so we did not fail, we will wait for a high-level failure and we will retreat. Friends who are interested in scalping strategy can do the same at shorter intervals such as an hour or 15 minutes. Patience opens all the doors
FXOPEN:XAUUSD
by mnasirione
GoldViewFX - 1H & 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone, Being patient while price worked its way down, paid off. We avoided getting stuck while we completed the bull run with all targets HIT, without getting stuck using our strategy. We took sniper entries with safe exits and today we started to take sells with our Sell signal HITTING TP. The 4H chart GOLDTURNS have been updated and we can see we have a EMA5 break and close below 1896 opening TARGET to 1881 (complete) and 1869 with a retracement range of 1914. Please see 1H CHART below with updated lower GOLDTURN levels. We have broken out of two ranges and EMA5 has also crossed and locked below 1888 opening the lower levels of 1885 and 1877. We still have a retracement range of 1907 and 1917. A retest and failure on these two resistance levels will give us more confidence in adding to our SELL targets. We are trading small LOTs to avoid getting stuck as the upper range is still in view and we have some retracement due when the steam runs out. This is where we need to be careful, as BULLISH retracements can easily gain momentum when the Bulls make a run. As always we will keep you all updated with and changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
26