Get started

Goldforecast

Gold (XAUUSD): Important Bullish Clue on a Weekly 🟡 Gold has nicely respected a major weekly structure support. The market formed a bullish engulfing candle after the test of structure, and then we saw a very nice rejection from that. It looks like Gold may go higher. Next resistance 1925 Remember, that weekly time frame chart unveils a long-term perspective. So it may take weeks, before the price reaches the target. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
9
GOLD possible drop to support level!Instrument : GOLD Possible direction : Short term bearish Technical Analysis : In the opening GOLD has formed a double top on the 15minutes timeframe and created a possible reversal pattern with falling channel. The price has just closed on the support level with strong bearish candle. On 1h chart GOLD has formed a gap opening with double doji signaling possible further drop to nearest support level! Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01
How should we judge the market today?Dear partners, yesterday the first and second stages of long positions in gold were all closed with profit taking. For those holding long-term positions, please exercise caution in managing your capital and take profits as appropriate. Short-term trading should be the focus for individual investors. Only the profits in your pocket are truly yours. As for today's analysis of the gold trend, the important points to note will be updated in the post later. You can click the "rocket" icon in advance to follow us to avoid getting lost. Though the investment journey may be tough, we will walk this path together! Let's go!
FXOPEN:XAUUSD
by StarVenus-
1
Understanding the Gold-Silver RatioThe gold-silver ratio is a key metric that traders use to assess the relative value of gold and silver. The ratio is calculated by dividing the price of gold by the price of silver and is used to determine whether one of these precious metals is under or overvalued. Effectively, the ratio tells you how many pieces of silver you could purchase for one piece of gold. By understanding the gold-silver ratio, traders can gain insights into the relative strengths of gold and silver and make informed trading decisions about which metal to trade and when to enter or exit positions. The gold-silver ratio has been used for centuries as a measure of the relative value of these two precious metals. Historically, the ratio has fluctuated between 47 and 80, with a higher ratio indicating that gold is relatively more expensive compared to silver, and a lower ratio indicating that silver is relatively cheaper. For example, if the gold-silver ratio increases, with gold prices rising faster than silver prices, traders might conclude that gold is overvalued, and that silver offers better value at that very moment. In contrast, if the gold-silver ratio were to decrease, this could indicate that silver is overvalued. This is not necessarily true, but it is one conclusion to draw. But, by keeping a close eye on the gold-silver ratio, traders can make decisions about which metal to buy or sell based on its relative value. The gold-silver ratio can also provide insights into broader market trends. For example, a rising ratio may indicate that investors are becoming more risk-averse and seeking the relative safety of gold. Conversely, a declining ratio may indicate that investors are becoming more optimistic about economic growth and taking on more risk.
BLACKBULL:XAUUSD
by BlackBull_Markets
2