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Goldforecast

THE BIG XAU SHORT! (part 2)Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower. We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will likely correct going into the hike and then explode higher on Feb 1-2. With DXY & Yields moving higher, we're likely going to get this retest of 1900. *NOTE: either the big short is in play right now or we will get a push higher towards 1960 before it occurs; one thing is for certain - price needs to correct going into Feb 1st rate hike
OANDA:XAUUSDLong
by XAUSpeculator
4
Gold Trading Plan - 16/Jan/2023Hello Traders, Hope you all are doing good!! I expect Gold to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
FOREXCOM:XAUUSDShort
by For3xScalper
2
catching THE BIG GOLD SHORT!Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower. We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will likely correct going into the hike and then explode higher on Feb 1-2. XAU is reaching a key monthly lvl by tomorrow (1937) - valid short. *NOTE: I'm looking to catch a large reversal and 1937 is 1 of 2 scenarios for this potential upcoming move (see chart for more details)
OANDA:XAUUSDShort
by XAUSpeculator
1
GOLD is about to breakout!Currency Pair : GOLD Possible direction : Bullish Technical Analysis : GOLD bulls has primarily first has broken resistance and then again has broken the support to grab strong liquidity grab. Finally price again created strong uptrend with multiple liquidity grab. As the price has strong momentum, it is highly likely price will continue to rise to at least psychological level @Adrien1899 Fundamental : CPI release is fueling the price the bulls! Possible trade recommendation : Bullish 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:GOLDLong
by ForexWizard01
1
GOLD short term buy opportunity!!Currency Pair : GOLD Possible direction : Bullish Technical Analysis : Price has broken out of daily resistance and showing strong bullish momentum after opening with a gap up on daily and 4h. In 15 minutes timeframe we can price has broken out of consolidation and started up trend. On the retest of previous resistance turn support, a buy trade is high probable. Fundamental : Weaker NON farm employment data weaken USD Possible trade recommendation : short term bullish as per 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:GOLD
by ForexWizard01
2
GOLD NATURE PREDICITON | 8-JAN-2023By looking at the week TF chart I analyzed the following things that I want to share: 1. Duration of the first double top was 567 days 2. Duration of descending channel was 238 days 3. Formed a bullish rally (approx 76% up) of 21 months by breaking a major resistance level 4. Duration of the second double top was 574 days 5. Duration of descending channel was 238 days again So the market manipulators (Big Boys) hopefully will move the market upside Let's see what happens
OANDA:XAUUSD
by hassamsaeed
2
gold looking sell from 1865$gold looking sell from 1865$ gold looking sell from this zone the trend is buy but now we can see strong resistance level. According to my point of view we can take sell entry from 1865 and 1870 and stop loss should be 1875$. keep in mind this technical analysis base signal if you want to follow this signal then must do money management. Gold can move unpredictable due to previous news of nfp. The news was bad for gold but gold was bullish and gain 350+ pips move which was amazing and surprising. We can se RSI is available at over bought area. Keep like, comment, share and follow me
TVC:GOLDShort
by Freefxss
Gold price gathers the positive momentum – AnalysisGold price continues to rise, organized inside new bullish channel that appears on the chart, noticing that stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the bullish wave that its next target located at 1900.00. Therefore, our bullish overview will remain valid and active unless breaking 1820.50 and holding below it. The expected trading range for today is between 1840.00 support and 1875.00 resistance. The expected trend for today: Bullish
CAPITALCOM:GOLDLong
by eltonmorningstar
1
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored. But the last day all those ECONOMIC INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway we expect that GOLD will go UP to 1890 LEVEL. Before that, GOLD may go down to the 1830 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall