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GOLD Fundamental Effect GOLD 1700+ pips ✅ Power of Fundamentals 🔎 Targets Hit. But If Continue market uncertainty Target - 2070.0 - This forecast is very valuable if you currently have trading experience. - If you are a day trader, you can look at the technical levels and trade to the forecast direction we predicted and make more profits. - This forecast is based on the current market sentiment and the fundamental value of the currency. Sentiment can change on the news at any time. - Please Follow Money Management
TVC:GOLDLong
by Currency_Analyst
Gold still may go higher because of the Russia-Ukraine crisisGold's fundamental situation and market sentiment are still positive. So I guess gold still has a chance to test $1970 or go above $2000. Given the growing demand for gold as a safe haven, given how the United States and its allies are imposing economic sanctions on Russia and are likely to do more, hopefully, the demand for gold will not decrease. And just as Russia has surrounded Ukraine on three sides, it is only natural that large-scale war could break out at any time. So staying in Gold sell now would not be a sage thing to do. We should stay in buy mode until each resistance zone breaks out until the next resistance. And if you go to the market swing area, it is better to use small stop-loss and stay in buy mode. Gold Daily Chart Technically, gold is just stuck in trendline support and trendline resistance. If the market breaks above the trendline resistance, we can continue our buy till the breakout zone level of $1930/1932 price zone. Breaking above $1932 may open the door for the $1970/1975 zone again. Conversely, if gold breaks below the trendline support, we can continue our sell target till the $1880/1875 price zone. But as long as gold is above $1875, it will consider an uptrend.
TVC:GOLDLong
by Gold_Trading_Expert
GoldView Update on 1830 ChallengeAs per our analysis earlier this week, we saw EMA5 break 1818 and 1823 level and secured with candle body close. This confirmed our movement to 1830. We now have a candle body close and EMA5 break to confirm movement up to 1838. We have some retracement due to the strong 1830 level which was expected to see sellers coming in, however 1823 has now supported this movement. We may see some sideway movement before US session between 1830 and 1823. Please follow us for updates on how we analyze and trade each level. Please like and comment to support our work, we really appreciate it GoldViewFX
OANDA:XAUUSDLong
by Goldviewfx
2
GOLD is Consolidated I take this for long time because it's going to take time for breakout support. Once it touch to 1780-85 then it should reflect till that time we are not opening any order. Here scenario is bearish and we all need a best point to place order. Have patience’s don’t be hurry good time is yet to come. Remember one thing we are not going to place BUY order, next movement will be retest so don’t anguish. Place your order below 1762-70, our target will be 1745, 1723, 1717 and below. LIKE OUR IDEA FOLLOW COMMENT
TVC:GOLD
by ProTradingPoint
GOLD FUNDAMENTAL ANALYSIS LONG TERMWhy GOLD is bearish A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks. The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier. Long Forcast In December GOLD futures were finding support inside a key of technical area at $1757.40 to $1738.60. Due to sell-off in the stock market and weaker Treasury yields they could offer some relief so that then can beat-up asset which was fallen nearly $100 since September 3. However, they expected that the selling could be resume once the smoke would clear. In order to have a major rally in gold, the central banks would have to pumped more liquidity into the financial markets, but that is not likely unless there should be 5-10% correction in the stock market. Although such a move is on the central bankers hand and most were worried about withdrawing stimulus from their economies than putting liquidity back in. A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks. The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier. Follow for future updates
TVC:GOLDLong
by ProTradingPoint