XAUUSD possible long for 1665 & 170828th September & 21st October daily key reversal bars made a new low closed on the high. 1665 resistance area sill hold and need to break for further bullishness confirmation. Demand zone: 1628-25, even 1618-16. stop loss: 1613. Initial target: 1665, long term target: 1708.
Goldforecast
Gold NFP Trade Idea Gold Analysis Friday 4 November
Thursday Gold performance:
Gold opened at $1635, made high at $1641, and low at $1616. Gold closed at $1629, $6 less than Wednesday's Closing.
Today gold opened at $1639. Support is at $1622 and Resistance is at $1658. Trend is almost positive and volatile.
Fundamental events according to Pakistan Time
05:30 PM, USA average hourly earnings, Unemployment rate and nonfarm employment change.
USA average hourly earnings, Previous 0.3% and market expectation 0.3%.
Nonfarm employment change, previous 263,000 and market expectation 205,000.
Unemployment rate, previous 3.5%, and the market expectation is 3.6%.
Let's see data will come good for US dollar or good for gold. Today gold will pump or dump according to the news. Because today is NFP and this is high impact news. From NFP news gold go move fast up or down according to the data.
GOLD Gold Analysis Thursday 3rd November
Wednesday Gold performance: Gold opened at $1648, made high at $1669, and low at $1634. Gold daily closing was at $1635, $13 less than Tuesday's closing.
Today, Gold opened at $1637. Support is at $1625 and resistance is at $1655. Trend is negative and volatile.
Fundamental events today according to Pakistan time.
05:00 PM Britain Monetary policy
05:30 PM, US unemployment claims
06:45 PM, US Final services PMI
07:00 PM, US factory orders and ISM services
Gold Gold Analysis Wednesday 2nd November
Tuesday Gold performance:
Yesterday gold opened at $1633, made low at $1630, and high at $1657. Gold closed at $1648, $15 higher than Monday's closing.
Today, Gold opened at $1652. Resistance is at $1670 and Support is at $1625. The trend is volatile.
Fundamental Events today according to Pakistan Time.
05:15 PM US ADP Non-Farm employment change
Previous 208,000 and Market expectation 178,000.
11:00 PM, Federal Funds Rate and FOMC statement
11:30 PM, FOMC press conference
From 10:30 PM onwards there will be increased volatility across all financial markets so be careful.
GOLD , XAUUSD Gold Analysis Tuesday 1st November
Monday Gold performance, Gold opened at $1644, made high at $1645 and low at $1631. Gold closed at $1633, $11 lower than Friday's closing.
Today, Gold opened at $1639. Support is at $1625 and Resistance is at $1654
Fundamental events today according to Pakistan Time
06:45 PM, US FINAL MANUFACTURING PMI
07:00 PM, US ISM MANUFACTURING PMI/ JOLTS JOB OPENINGS
ISM MANUFACTURING PMI: Previous 50.9 and Market expectation 50.
Jolts Job openings: Previous 10.05 million and market expectation 9.75 million.
Trade in gold with this update and do risk management in gold trading.
XAUUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold xauusd Gold Analysis Monday 31 October
last week's Gold performance: Weekly low was at $1637 and the Weekly closing was at $1644.
Today Gold opened at $1644. Support is at $1625 and Resistance is at $1660. Trend is negative and volatile.
Fundamental events according to Pakistan time.
06:45 PM, USA CHICAGO PMI FIGURE
Previous 45.7
Market expectation 47.8
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XAUUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Gold Analysis Friday 28 October
Thursday Gold performance: Gold opened at $1664. made high at $1670 and low at $1654. Gold daily closing was at $1663.
Today, Gold opened at $1665. Support is at $1649 and Resistance is at $1680. Trend is Neutral.
Fundamental events today according to Pakistan Time.
05:30 PM, US CORE PCE PRICE INDEX
07:00 PM, US Inflation expectations/ Revised consumer sentiment/ pending home sales
XAUUSD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD possible buy zone!!GOLD 4H has formed a reversal creating an inverted head & shoulder on the weekly support level. As the market is over-extended to the downside, it is highly probable GOLD to have a short-term reversal to the upside as the price had a strong bounce from the monthly and weekly levels. Upon retesting of the previous resistance as support on the neckline of the head & shoulder, a possible buy setup is highly probable.
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GOLD , XAUUSD Gold Analysis Wednesday 26 October
Tuesday 25 October Gold performance: Gold opened at $1649, made low at $1638 and high at $1662. Daily closing was at $1653, $4 more than Monday 24 October daily closing.
Today, Gold opened at $1654. Support is at $1638 and Resistance is at $1670. Trend is slightly positive because Gold recently has not been able to sustain a positive price level for much longer.
Fundamental events today according to Pakistan Time
07:00 PM, Canada monetary policy and USA new home sales.
GOLD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold XAUUSD Gold Analysis Tuesday 25 October
24 October Gold performance: Gold opened at $1657 and closed at $1649, $8 less than 21 October closing.
Today, Gold opened at $1647. Support is at $1634 and resistance is at $1665. Trend is neutral.
Fundamental events today according to Pakistan Time.
07:00 PM, USA CB Consumer confidence and Richmond manufacturing Index
USA CB Consumer confidence
Previous 108 and market expectation 105.7.
10:55 PM, FOMC member speech.
XAUUSD GOLD Gold Analysis Friday 21 October
Today is Friday, the last working day of the Gold market.
Gold performance 20 October: Gold opened at $1629, made high at $1645 and low at $1622. Gold closed its daily closing at $1628 which is $1 less than 19 October daily closing.
Today, Gold opened at $1623. Support is at $1608 and Resistance is at $1640. Trend is volatile.
Fundamental events today Pakistan time-based.
11:00 AM, UK retail sales
06:15 PM, FOMC member meeting