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Gold XAUUSD Gold / XAUUSD Analysis 6 October 5 October, Gold opened at $1726, made high at $1727, low at $1700 and closed at $1716. Gold closed $10 less than 4 October closing. Today, Gold opened at $1716.8, made low at $1715.96, high at $1724.12 and is currently trading at $1723. Today trend is slightly positive. Support is at 1700 and Resistance is at $1735. At Pakistan time, 5:30 PM USA Unemployment claims will be released. Previous claims were 193000 and market is expecting 205000. If figure is less than 193000 this would be good for dollar and bad for gold, hence price of gold can drop towards its support. If figure is more than 193000 or exceeds market expectation of 205,000. This will be bad for US$ and good for Gold, hence gold price can move towards $1735 resistance or break it.
TVC:GOLD
by Waqar212
Gold analysis: Testing key resistancesGold is back above $1,700, which is where it was in the middle of September, up 5% on the week. A drop in Treasury yields and a weaker dollar have aided gold's rise as the market speculates on the end of Fed rate hikes. From their 4% peak in September, US 10-year Treasury yields ( US10Y ) have decreased by almost 40 basis points in the last few session, and real yields ( DFII10 ) also dropped. Simultaneously, the DXY index decreased from 114.1 on September 27 to 110.6. Overall, gold confirmed its inverse relationship with both the USD and real yields. What does gold's chart analysis show? Gold prices are currently testing a multi-resistance zone between $1,710 and $1,720, defined by the bearish trendline from March's 2022 highs, the 50-day moving average, and the 23.6% Fibonacci retracement levels of the 2022 high-low range. Previously, gold prices encountered resistance at the 2022 bearish trendline and retreated in mid-August. The MACD is forming a bullish crossover, and the RSI is moving above 50 for the first time since mid-August, according to the oscillator analysis, which supports a short-term upward trend. If this multi-resistance region is broken, it could signal an extension of the bullish wave towards $1,788 (38.2% Fibonacci) and $1,800-1.810 (August highs) as potential short-term targets. If prices retreated from the resistance, $1,680 serves as the first support for placing stop. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:GOLD
by Capitalcom
Gold forecast and idea Update✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
OANDA:XAUUSDLong
by Arash-RK
Gold short trade updateIn this video, I'll go over just a quick recap of a trade I took earlier, you can find it in my trade ideas, I do go over my reason for taking the trade. DISCL⚠️IMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
FOREXCOM:XAUUSDShort
by ikonicinvst
XAUUSD LONGOn monthly and weekly time frame price is bearish but the overall direction is bullish and the price rn is on a major support level the price got rejected 3 times so far cus of the high demand so I’m expecting it to reverse to the upside. The daily price is not breaking the previous LL and it just gave me an L so this is another confirmation that the price is changing its structure to the bullish momentum and with that said imma be looking for buys only. On the 4h m going to be waiting to see multiple rejections before any reversal or consolidation to look for my confirmations which are a break of the new structure a HH that the price made before reversing and strong bullish momentum for an entry. I need to see a break of the new structure/resistance Above the ema’s Momentum bullish candle 1h entry will be after an engulfing candle And above the 14/5 ema’s SL; bellow a structure that the price won’t reach if it happens to retrace and close to the 200ema TP; 1tp previous HH 2tp previous LH
FOREXCOM:XAUUSDLong
by Ily14
2
GOLD is setting for big drop!!Hello traders, Below is my idea on GOLD and how we can trade. GOLD 4H has broken out of local triangular bearish price action after a liquidity grab at the top multiple times creating a series of lower highs. As the long-term trend is bearish, with a previous weekly bearish engulfer, the price is highly likely will continue to drop to and a sell trade on the retest of previous support as resistance is highly probable. Press the like button if you find value in this analysis : )
TVC:GOLDShort
by ForexWizard01
Gold ( XAUUSD ) forecast and idea.✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
OANDA:XAUUSDLong
by Arash-RK