Get started

Goldforecast

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
GOLD, Ready for another SHOOT...?Gold is trapped in symmetric channel since 2020 and we can expect something more of bullish movement by end of this year as well as lots of fundamentals like Recession, Geopolitical scenarios are surely gonna cause huge impact which eventually boost Gold price up. Gold tried to break 1804 MWD rejection zone but thanks to NFP we saw some consolidations as well as reversals. Now 1804 acting as supply zone and we might be having some corrections before shooting up.
OANDA:XAUUSDLong
by wickywicks
Gold (XAUUSD): Important Resistance Ahead 🟡 Hey traders, Bullish run on Gold continues. This week was very bullish again. Ahead, I see a significant structure. 1790 - 1810 is a weekly supply area from where I will expect a pullback. Next week, monitor the reaction of the price to the underlined zone on lower time frames and wait for a confirmation to sell. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
20
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 main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE. But since RETAIL SALES was 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. Therefore, USD WEAKNESS is seen today. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway, since US10Y is going up with RETAIL SALES UP, GOLD is going down quite a bit right now. Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to the 1783 level with the FOMC UPDATE. Be careful.. gold
OANDA:XAUUSD
by benny_marshall
Gold Next Target is 1830 ? Gold Analysis Thursday 1st December Wednesday performance: Gold opened at $1748, made low at $1745 and high at $1770. Gold closed at $1769, $21 higher than Tuesday's closing. Today gold opened at $1769. Support is at $1760 and Resistance is at $1790. Trend is positive and volatile. Fundamental events according to Pakistan Time. 01:55PM-02:45PM, German and Britain Final manufacturing PMI 06:30 PM, US CORE PCE Price index, Unemployment claims, Personal Income, and Personal spending. 07:30 PM, US Fomc member speech 07:45 PM, US Final manufacturing PMI 08:00 PM, US ISM manufacturing PMI
TVC:GOLDLong
by Waqar212
XAUUSD possible next move!!! 30/11/2022I need to admit that my previous analysis was wrong. Here is why... Taking time factor into account, I would say that we are still in the "blue B". It could be the correction of abc x abc for the gold price as shown in the graph instead of abc and then directly begins with big blue C. The question is what is the safe price for opening short position? Personally, I will open my short positions again around 1760-1763 which is the previous high. My target is still the same which is 1722. Therefore, we will have higher RR with this strategy. *Don't forget to do RR and adjust your stop loss **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE
XAUUSD next possible move!!! 29/11/2022The wave 2 of gold price retraced more than I expected which is at 0.786 fibonacci level of wave 1 in blue B --> blue C. However, I still stick to the same plan I told you guys, opening my short positions at 0.618 fibonacci level of wave 1 in blue B --> blue C. My stop loss is around 1759.XX and my target is still the same around 1722 which gives us approximately 6 RR. *Don't forget to do MM and also adjust your stop loss **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE