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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
This gold trade is currently running at a 1:11 RR 😍Morning Traders Covered a lot on gold of late and very many ways this instrument can be traded on the two scripts we use. Ultimately as a trader we have to pick styles and strategies that suit us as individuals. Thankfully for me our 'EDGE' script is adaptable to any time frame and any instrument. Working a follow trend strategy here on gold with a set stop loss on the 2 hour time frame. Only a 26% win rate but as I said in an idea from earlier on in the week that doesn't mean shit. As always the trade history can be seen below this trade idea too for full transparency. The higher time frame suit the follow trend approach this trade at time of writing is currently at a 1:11 risk reward. The last trade was a 1:8 RR and we'll stay in this trade until the next signal presents. Alert is set ready to share the next trade should I be online - so ensure you're following. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
OANDA:XAUUSDShort
by pow_removetheguesswork
GOLD (XAUUSD) 17/06/2021 Still Looking To The UpsideHere is my continuation analysis of Gold (XAUUSD). Same as GBPUSD, Gold (XAUUSD) also got a massive setback moving approximately 600 pips yesterday. In my opinion Gold (XAUUSD) still aiming for the upside. Yesterday's drop for me still only for a retracement before going higher. As I can see Gold (XAUUSD) retesting the daily downtrend channel. And in my waves counts, Gold (XAUUSD) is ready to make the journey to the upside for completing the waves. My closest target is the 1860-1865 area. Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis. Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends. Cheers.
TVC:GOLDLong
by ArceeBlade
GOLD (XAUUSD) 10/06/2021 Still Moving In Retracement PhaseHere is my continuation analysis of Gold (XAUUSD). In my previous analysis of Gold, my target TP area and buy area was around 1837-1845. But after I re-analyze there is another possibility for TP and buy area. Here is my alternative scenario from the previous one. The other area that can consider gonna be TP and buy area is 1861-1868 which is the weekly low area this week. But I also still considering 1837-1845 for TP and buy area if the weekly low doesn't hold. Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis. Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends. Cheers.
TVC:GOLDShort
by ArceeBlade
Gold and play with capital and mindHello everyone, I hope you have a good time and are always profitable The last time we analyzed gold for you, our main assumption was for a decline, but we predicted that it could go up to the range of 1805, but did not reject the range of 1790, and we saw the price return to 1760, in which we see a return pattern. We were and the price started to rise. But with all the fluctuations in this range, what is the next goal of gold ?? 1. If it crosses the range of 1769-1764 and can close a valid candle below this range, 1724 can be considered possible. 2. If the price can not cross this range and return from this area, and of course it does so with a Kendall pattern, the price of 1790 and maybe 1820 can be imagined.
OANDA:XAUUSD
by fx_iranian_traders
XAU/USD Forecast: long Here is an analysis on XAU/USD gold RECAP: (Previous Analysis) In our previous analysis Gold was trading at $1745 We expected the pair to test $1765 before falling back to $1730-$1720 However the pair was limited to $1755 before falling to $1719 triggering our Buy Stop @ $1755 which was closed at a loss @ $1745 And also our Sell Stop @ $1720 which was also closed at a loss @ $1730 In total we lost 200 pips on the pair over 10 positions from our Buy & Sell Stop orders. But recovered our loss by scalping as the pair fell to $1719 & rose back to $1740 WHAT TO EXPECT: Currently @ $1738 We are still bullish on the pair & we expect gold to test resistance @ $1765 If the pair manages to break above $1750 & $1755 the pair will attempt to test $1765 & $1770 On the other hand if the pair fails to break above $1750 we expect it to trade back to lows of $1720 & $1710 OUR POSITIONS: Buy Stop @: $1750 Buy Stop TP @: $1760 Sell Stop @: $1720 Sell Stop TP @: $1710 Link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
OANDA:XAUUSDLong
by fxspott