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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
GOLD: More liquidity for the NEXT MOVE!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Lower timeframe: During the last few weeks, we forecast a potential bullish move, considering the overall price action in HTF and enough confluences in LTF. Eventually, the price was not able to break the main structure to the upside, why? Simply the answer is: “ the market is not ready for that”, more liquidity, more development is needed and patience is the key in order to succeed. When, where and why would we step into the market? Currently, the price is moving bearish, and possibly it could reach the same area where a big bullish impulse happened recently. We will be studying the reaction of the price around that level and eventually re-enter the market if any condition is satisfied. Any breakout to the downside with further bearish continuation will invalidate the analysis and no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:XAUUSDLong
by Cybernetics_tl
20
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.
TVC:GOLD
by Waqar212
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
OANDA:XAUUSD
by Waqar212
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.
TVC:GOLD
by Waqar212
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.
TVC:GOLD
by Waqar212