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Goldforecast

Gold Analyze (Where is the end of the correction❗❓)(Update)!!!GOLD moved as I expected in my previous post about GOLD 👇 If you want to know about my Gold Road Map🗺️, please look at 👇 GOLD is moving near the Heavy Support Zone, and I expect that around the current price can be the end of microwave 3 of microwave 5 of microwave C of Main wave 4. Where is the end of main wave C ❗️❓ 🎯Target🎯: 1720$ until 1670$ Gold Analyze, Timeframe 8H(Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLDLong
by pejman_zwin
4
Gold Analyze (Where is the end of the correction❗❓)(Update)!!!If you want to know about my Gold Road Map🗺️, please look at 👇 Gold is making zigzag correction for completing the microwave 4 of microwave 5 of microwave C of Main wave 4. I expect that Gold will reverse around PRZ (Price Reversal Zone). Also, the Stochastic RSI Indicator is on the resistance line 👇 🔴PRZ🔴: 1772$ until 1755$ Where is the end of main wave C (End of Main wave 4) ❗️❓ 🎯Target🎯: 1720$ until 1670$ Gold Analyze (XAUUSD) , Timeframe 8H ( Log Scale ) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLDShort
by pejman_zwin
1
Gold analysis: Is the worst behind us? Gold prices reacted positively to the Federal Reserve's decision not to raise interest rates by a full percentage point in July. First and foremost, the reduction in expectations of future rate hikes due to concerns about a recession in early 2023 drove gold above $1,740 per troy ounce. The expectations of lower rates in 2023 also weakened the US dollar, as evidenced by the DXY index falling to the 106 mark, as of this writing. Is the worst for gold now behind us? Even though fears about rates are less than they were a few weeks ago, there is still no sign that the Federal Reserve is taking a more dovish stance. However, gold may begin to decouple from its negative relationship with interest rates and see strong investment demand if economic actors start to factor in that inflation will be difficult to control even with higher interest rates. The event of a de-anchoring in inflation expectations, which historically happened when inflation exceeded the double digit mark, will provide a strong support for gold as inflation hedge. Gold technical analysis Technically, the downward channel is still in place, but gold's price momentum is picking up as the RSI is getting close to the important 50 threshold, which it hasn't seen since mid-June. The MACD offered a bullish crossover this week, supporting the thesis of a likely short-term trend rebound. Gold is attempting to test the $1,750 resistance level, which if broken could open the door for a $1,786-1,790 resistance test. Beyond this point, the psychological level of $1,800—which corresponds with the upper line of the descending channel—becomes crucial for a trend reversal confirmation. On the downside, $1,710 continues to offer strong short-term support, and year-to-date lows of $1,680 appear more difficult to retest if the Fed doesn't unexpectedly make extremely hawkish comments before the September meeting.
CAPITALCOM:GOLD
by Capitalcom
GOLD (XAUUSD): Your Trading Plan For Next Week 🥇 Hey traders, Gold finally reached a lower boundary of a major horizontal weekly trading range. As I predicted, the market bounced nicely from that. On focus is a falling parallel channel on a daily time frame now. While the market stays within that gold remains bearish. I would suggest waiting for its bullish breakout as a trigger for buying again. For now, be patient and let the market trade within the channel. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
10
Gold: unyielding gold loyal to dollarI told u guys about gold having trend in trend in 1htf in previous post and what is likely to play and we've only broken down from orange uptrend and now trying to head down to the down part of the yellow trend. The market pulled out of 1695 zone which I put as the first target. If the zone is to be crossed 1670s will be next down followed by 1660s. If the 1680-95 zones is crossed 1670s and 60s will be a nice place to try a buy to keep opportunity if hold. Decline to 1640s can still be on the card for the Bears.
FX:XAUUSD
by Metalixt