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XAUUSD - GOLD CURRENT SITUATION- US10Y is currently slightly up to 2.91% LEVEL. Like we said before, it was a little CORRECTION just like we thought. We can see that the POSITIVE SENTIMENT for USD ECONOMIC DATA is also very POSITIVE for DXY. - The power of USD is still very strong in GOLD. Now DXY has been DOWN very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. DXY is getting a bit down but now it's getting a bit UP up with the MARKET RISK OFF. Also when we look at DXY it has moved up to DXY 102.238 LEVEL. - GOLD PRICE is currently slightly higher than DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS but may be more DOWN under the influence of DOLLAR in the future. So it can be a bit UP before SELL. In a DOWN SIDE CHANNEL a GOLD is seen moving. - Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a MIXED BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies. - The GOLD PRICE can be UP again before DOWN until 1918 LEVEL. So GOLD is more likely to go back to the 1918 LEVEL. Then you can definitely DOWN GOLD price up to 1783 LEVEL. If the TREND LINE is BREAK, you can go up to GOLD 1765 LEVEL DXY or US10Y if there is a UP TREND again. - 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
XAUUSD - GOLD CURRENT SITUATION- US10Y is currently slightly up to 2.84% LEVEL. Like we said before, it was a little CORRECTION just like we thought. So far, we have seen the POSITIVE SENTIMENT for USD being similarly very POSITIVE for DXY. The POWER of USD is still very strong in GOLD. Now DXY has been DOWN very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. DXY is getting a bit down but now it's getting a bit UP up with the MARKET RISK OFF. Also, when we look at DXY, it has moved to DXY 101.68 LEVEL. - GOLD PRICE is currently moving above DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS but may be more DOWN under the influence of DOLLAR in the future. So currently UP can be before SELL. - Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP. - GOLD PRICE can be UP again before DOWN until 1918 LEVEL. So GOLD is more likely to go back to the 1918 LEVEL. Then you can definitely DOWN GOLD price up to 1783 LEVEL. If the TREND LINE is BREAK, you can go up to GOLD 1765 LEVEL DXY or US10Y if there is a UP TREND again. - 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 Analysis: As long as gold is above $1830, it may test $1900 Hello gold traders, welcome back in new week trading season. Technically gold is still in uptrend and fundamental also supporting that gold may hit nearly $1910 price zone again. Last week the us GDP missed. This week everything is depending on the US labor market report, specially in NFP. Until NFP report release technically gold may test $1900/1910 price zone again. If NFP dropped hard, Gold may break above the $1910 and we will see further upside move. From the present rates, $1830 is identifying as a strong support zone. So, as long as gold is able to hold above the $1930, it will still in uptrend and this is the most possible scenario for this week. One more thing, from the present rates immediate resistance is $1970 price zone. So, we may see some downward correction from $1870 to nearly its trendline support zone of $1850/40. Unless NFP reports print too positive, I think gold is not going to drop below $1830. On the other hand, if gold breaks below the $1830 (Very strong support), technically it will create chances to test $1810 price zone. than we will see some upward correction and final target to the downside is $1787. I think it will be hard scenario unless Russia-Ukraine comes in negotiation.
TVC:GOLDLong
by Gold_Trading_Expert
Gold technical analysis shows possible upsideNot too long ago we saw XAUUSD break strongly below a bullish trendline on the daily chart. Since then, we've seen some consolidation. Could this have been a fake out to shake long holders out of their positions? The last two weeks have been bullish, a stark difference to the first week of May where gold fell well over 800 pips. Some of this is certainly due to seeing the USD finally taking a breath as it has shown its first signs of weakness this year. If the U.S. Dollar continues to fall through the summer then we might see this as the beginning of another uptrend for gold. Seasonally, gold likes to rally throughout June and July. However, it's August when it really starts to rise and tends to make its yearly highs as we head into the last quarter of the year. At the moment, price has not gone below its yearly low made back in January, but it is awfully close. Something to keep an eye on is if it makes one more attempt to take out that low before getting in sync with what typically happens the end of the second quarter. On the weekly chart we can see some hidden divergence taking place with a Williams Percent Range indicator marked with the green trend lines. Hidden divergence with an oscillator can indicate a trend continuing. In fact, if we look between the weeks of September 27 and December 13 we can see hidden divergence taking place where the Williams Percent Range made a lower low, but price failed to create a new lower low. What happened right afterwards was price continuing its upwards direction and eventually retesting its all-time highs made in August of 2020. If this correlation is to follow the same pattern again this time around, could we see another strong move with this most recent hidden divergence?
BLACKBULL:XAUUSD
by BlackBull_Markets