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Gold 1700 & 1680 or 1800 ? Gold market update (give me 100 likes & tell me whare are you from? Gold make head & shoulder pattern. Gold break the nickline of this pattern. Gold is now trading in Channel pattern. If gold break the resistance line of channel pattern with high volume then gold can go up & will hit 1800$. Gold open interest & volume is less then yesterday data. Mean gold in down trend and this sign is bullish for gold. Fundamental analysis: US unemployment claim is released which is bad for USD & better for gold. So we can say gold can go up. So this is the technical & fundamental analysis of gold. Now trade with risk management. Follow me for more updates. Thank you
TVC:GOLDLong
by Waqar212
4
Gold (XAUUSD): Is That a Bearish Reversal?! 🟡 Hey traders, I spotted a peculiar head and shoulders pattern on gold on 4H time frame. The price broke and closed below its neckline on Friday. It looks like the market may drop lower next week. The next support that I spotted is a horizontal daily demand zone. 1735 will be the next goal for sellers. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
11
Gold will Hit 1755 ? Gold Analysis Thursday 17 November Gold performance Wednesday: Gold opened at $1778, made high at $1785 and low at $1770. Gold closed at $1774, $4 less than Tuesday closing. Today, Gold opened at $1766. Support is at $1752 and Resistance is at $1782. Trend is Neutral. Fundamental events according to Pakistan time. 06:30 PM, US Unemployment claims, Philly FED Manufacturing Index US Unemployment claims: Previous figure 225,000. Market expectation 228,000. If figure increases, this will be negative for US$ and positive for Gold. If figure decreases, this will be positive for US$ and negative for Gold. Philly FED Manufacturing Index: Previous figure was -8.7, Market is expecting -6.0. If figure increases to positive, this will be positive for US$ and negative for Gold. If figures increase to further negative, it will be negative for US$ and positive for Gold. 07:15 PM-08:40 PM, FOMC member speeches
TVC:GOLDShort
by Waqar212
GOLD (XAUUSD): Key Levels to Watch This Week🥇 Here is my latest structure analysis on Gold Support 1: 1753 - 1765 area Support 2: 1725 - 1735 area Support 3: 1664 - 1675 area Support 4: 1614 - 1622 area Resistance 1: 1801 - 1808 area Resistance 2: 1856 - 1879 area Bulls has recently broken 1753 - 1765 area to the upside. For that reasons, bullish bias remains. Watch the underlined structure carefully and look for pullback / breakout trades from there. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
9
Gold will Hit 1800 Today ?Gold: Doji, Fedspeak tease bears below $1,800 Support levels: 1,762.90 1,750.00 1,738.35 Resistance levels: 1,782.30 1,794.60 1,803.15 Gold price (XAUUSD) remains depressed at around $1,770 while justifying the previous day’s bearish candlestick formation, as well as sluggish market conditions, during Tuesday’s Asian session. Analysis: Technical Overview The daily chart for the XAUUSD pair favors a continued advance, with market players eyeing a potential breakout of the $1,800 mark. Technical indicators in the mentioned time frame consolidate within overbought levels without signs of upward exhaustion. At the same time, the bright metal develops above its 20 and 100 SMAs, with the shorter one advancing below the longer one. Finally, the 200 SMA reinforces the resistance area around the aforementioned threshold, now at $1,803.15. The near-term picture favors higher highs ahead. In the 4-hour chart, technical indicators turned marginally higher despite standing in overbought territory as the pair develops above bullish moving averages. The 20 SMA guides the metal higher, while the 100 SMA is crossing above the 200 SMA, both far below the current level at around $1,670, still reflecting buyers’ strength. Fundamental Overview The American Dollar recovered some ground on Monday but quickly resumed its decline ahead of the US opening as investors keep moving away from it. Spot gold started the day with a soft tone and fell to an intraday low of $1,753.19 a troy ounce, now trading near a fresh three-month high in the $1,775 price zone. Financial markets are quieter following two days of wild price action spurred by signs of easing inflation in the United States. The October Consumer Price Index (CPI) rose at an annual pace of 7.7%, much lower than the 8% anticipated by the market or the record peak of 9.1% from last June. Investors rushed to drop the US Dollar amid speculation the US Federal Reserve will pivot on monetary policy in their upcoming December meeting. Meanwhile, US President Joe Biden met with his Chinese counterpart Xi Jinping. The versions of the outcome differ according to national sources. On the one hand, US President Biden said that they are not looking for conflict and that there will not be a new Cold War. On the other, Chinese media reported that President Xi warned his US counterpart about crossing a “red line” in Taiwan. Both Presidents said they want to find the right direction and manage their differences. The US Dollar remains under pressure, despite fading optimism. Wall Street trades mixed, with only the Dow Jones Industrial Average posting some modest gains.
TVC:GOLD
by Waqar212
Gold to test the trendline! Can XAU break this downtrend?I believe Dollar index has peaked since the last FOMC's 75bps hike announcement. I strongly believe XAUUSD going to smash the trendline and a close above it can be extremely bullish.! I'm targeting 0.382 of Fibo around 1765 USD. Entry, stop and take profit is on the chart! Bonus target - Target 2 : 1811 USD (Golden Ratio). Worth rising the stop along with the trend! Total no. of Analysis : 17 Successful trades : 11 NPNL : 3 Stop Hit : 2 Lost : 0 In Progress : 1 Safe Trading! Cheers!!
OANDA:XAUUSDLong
by kjrthi
2
XAUUSD - GOLD CURRENT SITUATION#EURJPY - EURJPY currently has an UPSIDE BIAS. XXXJPY CURRENCIES are being BUY very fast with JPY WEAK after the INTERVENTION. The reason is that the JPY INTERVENTION has become PRICE. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going DOWN, XXXJPY CURRENCIES are BUYING fast now with JPY WEAKNESS. Perhaps the EURJPY 150.88 LEVEL can be reached. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can be BUY at 150.043 level before BUY. Before that, you can SELL at 145.00 LEVEL. If the MAIN STRUCTURES BREAK somehow, the EURJPY price can go down to 139.68 LEVEL.
by benny_marshall
2