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Gold near support of 1771Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about XAUUSD Market is moving in a defined range we can expect a breakout to short the market. So we are expecting a strong fall near Support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
OANDA:XAUUSDShort
by Theranasaramd
4
Gold weekly analysis (TF day)Gold has an unusual rose due to market panic from responding of China to the US house speaker's visiting Taiwan last week. However, the US dollar has bounced back, and gold had a minor correction last Friday. Gold is sideways in the upper zone of a downtrend (just above and very close to the upper grey solid line). The market is expected to maintain fluctuations this coming week. The moving of gold price between 1798-1754 is a neutral level to side-way up. If gold throughs above 1798, it could turn around to an uptrend (wave 3). Otherwise, gold below 1754 for a long time might lead it back to a downtrend (wave c). Breaking either edge may rapidly choose its direction. Thus, consider locking in profit when you can make money. The short-term strategy this week is to trade in the channel of 1798-1754 and book each small profit. The market is likely to be choppy. Don't forget to apply your stop loss. Have a good week!!
BLACKBULL:XAUUSD
by ThiMars
GOLD Detailed analysis for the week aheadHi Team, Last week my analysis for Gold was on point - we saw a big breakdown after the much higher than anticipated Aug Non-Farm Payroll result. This week I am expecting a retracement. We saw rejection of the daily ascending resistance (see chart) and will, I expect, move up to our original sell zone. I do not expect a break above the weekly descending channel resistance. From a chart analysis/Wave analysis stand point therefore, we look good for a Bear run on Gold. The issue will be news. We are all aware of general (international) market sentiment, and that can make things less predictable. So with that said, the news this week: Tuesday 9th Aug at 1230 : Non Farm productivity - Look for a higher number than -4.5% (AKA closer to 0) to indicate bullish pressure. If lower, we may see a push to higher entries. Tuesday 9th Aug at 1230 : Unit labour cost. This is expected to be lower than previous which is bad (Bearish) for the USD, and therefore bullish for gold. Overall impression for Tuesday 9th Aug: Expect Gold to climb toward previous sell zone. Wednesday 10th Aug at 1230 : This is the "big" news day this week. The main two things to look for are the CPI month on month (MoM) and year on year (YoY). Without over complicating things for you, a HIGH number is good for the USD, and therefore bearish for Gold. The FED has maintained a very aggressive stance regarding inflation, and I would be unsurprised to see a figure higher than anticipated. In that scenario, I would expect a significant drop on Gold - this time looking for it to break daily ascending correction. Overall impression for Wednesday 10th Aug: Look for a big impulse down on news release. If it goes against us, expect repeated rejection from descending weekly resistance. Thursday 11th August at 1230 : Several moderate impact USD news events, but none likely to contribute significantly to the impulse commenced on the 10th. IJC and PPI are set to be approximately equivalent. Overall impression for Thursday 11th Aug: No major changed expected. Friday 12th August at 1400 : Michigan Consumer Sentiment Index (MCSI) This is high impact news. The current anticipated reading is slightly higher than last months recorded, and therefore likely to be bullish for USD. This will play out in one of three ways: - If we started a bear run on Wednesday, look for continuation and break below the trend line noted on the chart. - If we started a bull run Wednesday, look for rejection from descending weekly resistance - If this reading is lower than expected, we may get another bounce up from the ascending daily correction support noted on the chart Overall impression for the week: I expect a climb to the recent sell zone before news on Wednesday pushes the price of Gold down, a move expected to continue after news on Friday. I will post closer time-frame set ups over the next couple of days, so please like follow, share and subscribe! Good luck, Trade safe DrBear
TVC:GOLDShort
by DrBear
2