Get started

Goldforecast

Gold: ambitious dollar aims 1780-95I told u guys about USD considering daily engulfing candle which it did. Dollar cracking of 1823 zone that it have been rejected twice is a good sign for further decline. The next move for dollar should be turning the 1823 zone to resistance. Upside pressure still limited to 1842-44 which will be a good selling opportunity again if capped but 1830 and 38 will be serving as tough resistance ahead of 44. There are some lower timeframe trend that still have 1843 in trend which once broken will make it a hard place to retrace to though still in 4h which I think is for short time. I break below 1801 is need to keep move to 1870s hopeless which is down part of the yellow uptrend. The thick green triangular trend is daily timeframe but the moves on the others trends are more important for now. Gold targets for is breaking of 1813 05 and 01 which opens door for 1786-95 a moves to the down part of the blue trend seals deal to 1753-22
FX:XAUUSDShort
by Metalixt
Gold: Dollar considering a daily bearish engulfing candle I told u guys yesterday about a possible upswing ahead of Chair Powell. Which happened earlier today. Which clearly created M( or partial M cos of. The delay before formation) and trend retest on my 4h FXCM xauusd which I stopped uploading because of the complaint of the roughness. Gold still trading at the upswing zone with 1842-44 standing for the bears and 1834 standing for bulls. A firm resistance at 1834 won't be good for USD because it might send gold higher but I don't see gold going higher than 1847-53 near term any higher above 1853 will be out of hand. For now 1842-44 is a good selling opportunity to previous low 1823 where the pair next decision is likely to be made. Gold is already signalling a reversal signal on lower timeframe but very choppy. DXY likely to trade in green today after forming a mini triple tap with no trace of trend and retest of previous zone breakout same time which I see as a good trigger though sometimes gold don't give a shit. Dollar likely to outperform today amid DXY outlook but that's the worst market i can count on cos it is full of wonders
FX_IDC:XAUUSDShort
by Metalixt
Gold: most fingers points downI told you guys about gold creating new trendline to limit upside pressure earlier and about 1878-80s being ruled out and same with 1850s, now 1840s is now looking evicted gradually. the upswing on the red path drawing likely to be gold last limit up for the time being. These are 2 things gold don't want to happen on journey down to 1753. 1. A triple rejection at 1805 zone 2. A firm resistant at the down part of the blue uptrend which will still keep the hope to 1880-1900 alive. Once those zones down there are cleared come 1790s that the blue trend down part which once broken bring 1753 on the card and then 1720s.
FX_IDC:XAUUSDShort
by Metalixt
XAUUSD - GOLD CURRENT SITUATION- US10Y is currently slightlyD DOWN to 3.28% LEVEL. Like we said before, it's been a bit of a CORRECTION in the last few days. But now the us10y is up fast. We can see that the POSITIVE SENTIMENT for USD ECONOMIC DATA is also very POSITIVE for DXY. - The GOLD PRICE is currently moving slightly below the DYNAMIC S / R LEVELS. Most likely the SHORT TERM will be slightly UP ahead of the GOLD PRICE. GOLD SHORT TERM has a UP SIDE BIAS but may be more DOWN under the influence of DOLLAR in the future. this time gold will up. - GOLD PRICE can be UP again to 1910 LEVEL. A - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
GOLD Trading Idea & Buy SetupLast week, we were Selling gold and made 180 pips almost. Gold closed above 1840. Technical Analysis: Gold repeats its cycles. We saw that 1828-1833 worked as a strong supporting level for gold for last few days and also for last few months. Gold got rejected from this level many times and 1856-1861 worked as a very strong resistance level for gold. Several times gold bounced back from this resistance level. Fundamental Analysis: From Last week's Tuesday, Gold is trying to make a bullish setup. Fed increased interest rate which made a massive movement of gold but could not break the resistance level and came back towards the nearest support. Normally, the trend changes by news and the major news was in the last week but the gold did not break any support or resistance level. Opinion: my personal trade is like the make a instant buy after the market open with a stop loss in the nearest support and take profit in the nearest resistance.
OANDA:XAUUSDShort
by ForexLab