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Goldanalaysis

XAUUSD - ANALYSIS WITH US GDP , CORE PCE EFFECT- There are some very sharp economic data to be released this week for the US dollar. For this reason, the GOLD will be slightly volatile on Wednesdays, Thursdays and Fridays. Among them are GDP DATA, CORR PCE DATA, CONSUMER CONFIDENCE, important DATA key. - US10Y is currently at 2.83% LEVEL. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. Also, when we look at the DXY, the DXY is up to 101.490 LEVEL. - GOLD PRICE is below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS. - Currently the SENTIMENT of the OVERALL MARKET is NEGATIVE. Last week a RISK OFF TONE was PLAY. STOCKS Slightly shows a DOWN SIDE BIAS right now. And VOLATILITY is becoming UP. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is only one DOWN SIDE BIAS in the market. So be careful when trading. We can not say for sure that the MARKET SENTIMENT will continue to be a DOWN SIDE CONTINUE. But according to the data available so far we can say that MARKETS RISK is OFF. - GOLD PRICE can be UP again before DOWN. So GOLD can definitely go back to 1928 LEVEL. Then you can definitely DOWN GOLD price up to 1895 LEVEL. If the TREND LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
Gold as a rocket.The Gold will currently fluctuate between 1936 and 1950 as after the prior jumps, the rate lost its dynamism. Now we see a period when the bulls are going to collect their strength, however, firstly the bears needs to come out from their cave in the upcoming days, as a bigger drop is predicted (from 1949 to 1928). At 1928, the rate should stop as a new downside resistance spot. The ping pong match continues from 1928 and 1936. Down on 1928, the bears start to reconsider their position and recognize the profit and go back to their cave and the bulls can sharpen their horns and push the rate back to 1963 and even exceed its but then the rocket will not stop before 2005. P.S.: The bears will not be supported by the FED until May when the next rate correction can be expected. Good luck everyone
TVC:GOLD
by istvanszabo20
XAU/USD (GOLD) HAVE A SHORT TERM BULLISHNESSXAU/USD (GOLD) can go around $1846 for making a B wave of a triangle. We can see an impulsive wave on gold as a-b-c as a corrective rally for the B wave of the triangle. Gold has bounced very quickly from the recent bottom and I would like to call it's a corrective rally because we can clearly see triangle formation on a weekly chart. We are on a c wave of B wave of E. E is the final wave for a finished triangle. Some people might have a question for me " why you still bearish on gold ? " and for this question's answer, I would like to call - silver also didn't finish the correction and DXY also didn't finish the impulsive rally. I to measure a-b fibo extension for getting c wave target and that's target is around $1846. We can draw a parallel channel and the middle point of the channel exactly match with fibo target of the c wave. So we can most likely see correction for E wave from that point. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #XAUUSD #GOLD
OANDA:XAUUSDShort
by anantadhungana