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GOLD January 2023 Volatility Analysis GOLD January 2023 Volatility Analysis Currently the volatility for GOLD is at 4.46%, down from 4.48% last month. From the volatility current percentile we are located on 25th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 4.782% Bearish : 2.385% With this in mind we have currently 73.2% that the market is going to stay within the next channel TOP Limit: 1905 BOT Limit: 1741 If we are going to take a look into the previous monthly high and low points, currently there is a : 71.08% to hit the previous monthly high 26.93% to hit the previous monthly low Lastly from the technical analysis point of view, currently Weekly Timeframe : 80% of rating moving averages is indicating BULLISH Monthly Timeframe : 92.73% of rating moving averages is indicating BULLISH
TVC:GOLD
by exlux
Gold Detail Analysis | XAUUSD ForecastHI people ! Currently we are in 5th wave of Elliot wave (A,B,C,D,E) gold Cycle and we soon should see correction So here are quite Possible scenarios BULLISH SCENARIOS :- 1- The price can pull back to 1778-1782 Area and move the next leg up Targets ( 1835 1856 1920 1972 2070) . 2- The price can break 1810 and Target the levels ( 1835 1856 1920 1972 2070) . 3- The price can move Deep pull back to 1748-1752 Area and target same area ( 1835 1856 1920 1972 2070) . BEARISH SCENARIOS :- 1-There is a "M" formation on 4H,Daily ( M formation is a complex type of Double top ). 2- ON - 2 Day TF we have Bearish divergence ( Divg is in stoch RSI ) . 3- ON - 1 Day TF we have Bearish divergence ( Divg is in volume and and MACD indicator). 4- The wave C can give a pull back which i think is likely. 5-We also are on top of weekly BB & at Weekly supply level . 6-We have a "SMALL" rising wedge with in a "LARGE" RISING" wedge which usually breakout " ABOUT RISING WEDGE" 1-Breakout :- 60% of time it correct downwards. 2-confirmation :- when price break trend line and retest with good volume . FUNDAMENTAL & MACRO VIEW :- 1- ) Ok so all know China & Russia is biggest producer of Gold , Recently G7 put limit on Russia to sell OIL only at 60$ per barrel we also know OPEC is currently looking to cut off supply on OIL (This will increase the inflation also ,As greater oil prices = Higher inflation ) ,So more inflation =More interest Rates hence more pressure on Markets. 2-) secondly, We know US control most of world because of "USD" So Russia looking to sell OIL against GOLD rather than USD , with the backing of China At last in Recent Growth of 20% rally of "DXY" we only see 7.5% Decline in GOLD ( Where as stocks crypto and other Assets decline alot ) This shows relative strength CONCLUSION :- In my opinion we may see little pull back soon but over all i am bullish that we will Even break ATH soon in 2023 because simply Who control more Gold control World ( This refer to change in world order) From "US" TO " China + Russia" . "More demand =High Prices"
EIGHTCAP:XAUUSD
by DECRYPTERS
Long Term analysis of XAUUSD, Seems to have last cycle left Long term movement of XAUUSD as its last wave cycle of seems to be start soon and we can face prices around 6K to 7K for over 10 years later!!! Not so great move but still about 5 times growth investment is not so bad, but more important thing than investing money in GOLD for about 10 years and counting its beneficial statement, It is about how economical parameters need to change over a decade in future!!! Seems its time to fasten our seat belts!!!
OANDA:XAUUSDLong
by AtareumFX
4
GOLD (XAUUSD): Detailed Structure Analysis 🥇 Here is my latest structure analysis on Gold. Weekly Structures: Resistance 1: 1802 - 1811 area Resistance 2: 1871 - 1881 area Support 1: 1693 - 1728 area Support 2: 1615 - 1645 area Daily Structures: Support 1: 1756 - 1768 area Support 2: 1739 - 1741 area Support 3: 1664 - 1675 area Consider these structure for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
9
Gold: Strategies to Consider Ahead of US CPI and FOMCGold continues to hover around the 1,800-mark level, currently testing a multiple resistance zone, which includes the major 200DMA at 1,790, the 38.2% Fibonacci retracement level of the 2022 lows to highs and the December high at 1,810. The recent gold rally has been supported by a weaker USD, therefore the US CPI and FOMC meeting next week will provide important new information for gold. These significant events have the potential to steer patterns in both the US dollar and US interest rates moving into the beginning of the new year. A higher-than-expected inflation rate or reading over the 7.7% estimate for October might be the major negative risk for gold. Although an increase in inflation is unlikely to influence the Fed's decision to raise rates by 50 basis points the next day, which appears to be a done deal according to the swap market, it could lead to a rate repricing in 2023, with the market already pricing in about 50 basis point cuts in the second half of the year. So all eyes will be on how the dollar reacts to the CPI report, as well as the Fed's new macroeconomic forecasts and Powell's remarks. The market may be pricing in an extremely dovish Federal Reserve in 2023; if expectations are not reached, this may generate negative responses in assets that are more sensitive to fluctuations in US interest rates, such as gold. Gold's last month rally has been aided by a weaker dollar Gold is trading "rich" vs US real yields The price of the precious metal is now also trading at a level that is richer than what would be predicted by US 10-year real yields. US 10-year nominal yields have dropped below 3.5%, sending real yields down to 1.2%. However, if US rate expectations shift due to a hawkish Fed or higher-than-expected CPI, gold may see profit taking and bearish pressure from here. How could gold react next week? There is a non-negligible risk of seeing a higher-than-expected CPI and the Fed reassessing the importance of tackling inflation, signalling that there is still room to hike, especially given last week's extraordinarily strong NFP print (270K vs. 200K forecast) and this week's strong services PMI and PPI data. Consequently, the headwinds that have characterised gold's movement this year might return next week. Therefore, if there is a repricing of real rates as a result of a hawkish Federal Reserve, gold prices may decline and fall below $1,750/oz (-1std of the 20DMA Bollinger band). If downside risks do not materialise, a lower-than-expected November US CPI reading and a Federal Reserve warning of rising recession risks in 2023 would be viewed as the ideal cocktail for gold prices to push decisively above $1,810 levels and attempt to attack $1,841/oz, where they would have completed a 50% retracement from 2022 lows to highs. This would be a significant change in the gold trend, indicating that the worst is likely behind us.
CAPITALCOM:GOLD
by Capitalcom
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. These days the FED RATE HIKE SLOWDOWN SENTIMENT and, in the short term RETAIL SALES, NFP and PMI DATA being POSITIVE, managed to make the USD STRONG. But since all the ECONOMIC INDICATORS were positive the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being ON. 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 1875 LEVEL. Before that, GOLD may go down to the 1744 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall