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Goldforecastoday

Gold: Dollar still inchargeDollar broke the 4h and daily symmetrical triangle on Friday but not bodily. The body capped on 4h timeframe which keep bull hopeful of 1850s. A clear break is needed for bears to stay hopeful of 1753. Gold bounced back to 1810 from 1785 driven by oversold silver. And the yellow trendline I told guys about brokeout bodily on 4h but pulled back in 1 candle stick on daily timeframe which still give bulls some sort of hope. At the mean time I think gold upside is likely limited at 1827. Any upswing to 1822-24 I will cautiously resell with my risk management with target to 1790 with possible break of previous low. Any move above 1827 I will stay aside and observe what's the plan. Any downswing to 1770s and below I start looking for dip buying opportunity. Goodluck and have a great week. Please like and comment your view
FX:XAUUSDShort
by Metalixt
Gold: planning to settle below 1827-23 near term Gold traded bit freely today but still ranged and getting back to choppy mode before the close. Gold upside is still getting more limited with upside risk looking likely down to 1832. At 1830 I'll be tempted to sell and at 1832 I won't hesitate to sell with my risk management. The new resistance is at 1823, 1827 ahead of 1830 and 1832. If any move up to 1830-32 swing down below 1823-27 I expect it to settle below 1827. A visit to 1800 is needed before considering reasonable high. If the price goes up to 1830-32 and goes down to 1819-14 zone and start heading back near 1832 again I'll stay out of the trade and see what's the plan. Goodluck!
FX_IDC:XAUUSDShort
by Metalixt
Gold: can Chair Powell kill the boredom? Gold keep struggling to find comfort below 1823. Beside that the market has been choppy which is not fun to trade. And we all hoping on Fed Chair speech to be the next catalyst to kill the boredom. I see Powell,Lagarde and Bailey speech scheduled same time which means they're all be featured in one programme. I pray that that do the needful because personally I prefer their solo speech than joined. At the mean time gold is getting zoned out of 1819-14 for the fourth time which another rejection might not be good for sellers but we stay hopeful. Any move up to 1830 I resell with my risk management but my preferred mini upswing selling opportunity is 1832-34 zone that might be hard to reach due to the downside pressure. Targets now at 1810 with possible breakout to 1805-01. Gold upside still limited I'll see any move above 1838 as nothing but trend expansion. Gold is really fighting a good fight though that might reduce the downside risk.
FX_IDC:XAUUSD
by Metalixt