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Goldforecast

XAUUSD - HOW DOES GOLD REACT USD HIGH IMPACT NEWS?#XAUUSD According to the analysis we gave to XAUUSS earlier, the TREND LINE is BREAKING and going down about 190 PIPS. We hope you get it. We have some very important NEWS coming to USD this week. So we have to wait a bit until we get them. The reason is that in this week, some very important DATA such as MANUFACTURING DATA, LABOR DATA etc. should be received. They can definitely have a very positive effect on GOLD. Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. Before that, you can definitely go to 1744 LEVEL GOLD. Be careful.
OANDA:XAUUSD
by benny_marshall
Gold analysis: Double bottom and bullish RSI divergence formingGold has fallen 2.1% in the last week, and it is now trading at its lowest level since July 21st, when it set the year's low of $1,680/oz. Looking at the technical patterns, it appears that a double bottom is forming, as $1,680 is now only 1.5% below current prices. A significant trend reversal could occur if this double bottom in prices is accompanied by a bullish RSI divergence, with the indicator failing to update new lows. Similarly, in August 2021, gold prices formed a double bottom along with a bullish RSI divergence, paving the way for a multi-month uptrend to March 2022's peaks. To see a reversal of gold's bearish trend, either the Fed must stop raising interest rates (unlikely) or markets must lose confidence in the Fed's ability to control inflation in the near future. Gold, unlike the US dollar, has not been a successful inflation hedge so far in 2022. The bullion has lost 4.5% since the beginning of the year, while the US dollar index ( DXY ) has appreciated by 13%. In practise, market participants have had some confidence that the Federal Reserve will be able to restore inflation to target. But what if inflation continued to soar despite interest rate increases? Fiat currencies like the US dollar would be an asset with negative real returns if the market started to believe that despite rising interest rates, inflation will continue to be much higher than anticipated unless the economy experiences a severe downturn. In that case, large investors' attention may shift back to gold, which has historically protected against the risk of inflation expectations becoming unanchored. Inflation expectations seem to have bottomed out in July, and they have been on the rise over the past few weeks despite rising expectations for higher interest rates, as evidenced in the 5-year and 10-year US breakeven rates . This move is telling us that the market is beginning to factor in the likelihood that inflation will remain above the 2% target for the next five or ten years. Further increases in inflation expectations during periods when the Fed raises policy rates are a warning sign that inflation expectations are becoming unanchored and the market is starting to lose faith in central banks' ability to control inflation. Further increases in inflation expectations during Fed rate hikes are a warning sign that inflation expectations are becoming unanchored and the market is losing faith in central banks' ability to control inflation. Crossing this Rubicon would lead to a new bull trend in gold's price. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:GOLD
by Capitalcom
1
XAUUSD - GOLD CURRENT SITUATION According to the analysis given to XAUUSS earlier, the TREND LINE is BREAKING and going down about 150 PIPS. We hope you get it. We have some very important NEWS coming to USD this week. So we have to wait a bit until we get them. The reason is that in this week, some very important DATA such as MANUFACTURING DATA, LABOR DATA etc. should be received. They can definitely have a very positive effect on GOLD. Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. Before that you can definitely move to 1760 LEVEL GOLD. Stay tuned.
OANDA:XAUUSD
by benny_marshall
Gold forecast and idea |XAUUSDCurrently, the Gold price chart is facing an increasing angle in a descending channel. ( the Opening angle in the range of motion frequency, also call geometric Brownian motion ). There is a possibility of Breaking the bottom of the Channel and a Fall in the price range of $1,718, and this price range is also the Bottom line resistance of the channel. Gold dollar and XAUUSD --------------------------------------------------------- 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. Thanks for your attention
OANDA:XAUUSD
by Arash-RK
Gold: Dolphin 🐬Like a playful dolphin, gold has jumped above the resistance at $1770, only to dive right back into the blue zone between $1751 and $1709. Now it has to decide whether it wants to do some more tricks in the water or has already completed wave (ii) in blue. As soon as it has finished the counter movement, though, gold should climb out of the blue zone and above the resistance at $1770, thus confirming the upwards movement. However, there is a 38% chance that gold could leave the blue zone on the lower side and drop below the support at $1709. In that case, it should continue the descent below the next mark at $1678 and into the green zone between $1661 and $1585 first, before rising again.
COMEX:GC1!
by MarketIntel
1
What Will Gold Do?Gold seems to be moving farther and farther down, and what is interesting about the price it's currently at, is how it's trading right on top of the Fibonacci 100% zone. This can either result in a retracement back close to it's 61.8% zone, or it can drop down steeper to it's 161.8% zone. With prices trading around $1,735, means it is sitting in between a current buy zone and sell zone. Determining which one it will reach first depends solely on the momentum either side brings to the table. Bulls could push the price back into a sharp reversal or they can allow the bears to keep dragging prices lower and lower. If Gold can close below it's 100% zone, that will only confirm that it's next possible price target will be down near it's first sell zone out of three. Best thing to do is watch and see if prices start to drop further and you can grasp a sell position going towards the $1,600 price area. However if prices continue to move higher, I wouldn't look for a buy position until it at least recovers 50% of the loss it's already suffered from, or once the trend has completely switched bullish.
OANDA:XAUUSD
by BBDaBoss