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Goldlong

Monday Market Analysis and SignalsSpot gold fluctuated in a narrow range in the Asian market on Monday, and is currently trading at $2,653 per ounce. Gold prices fell 0.5% last Friday. After the release of the US PCE data, some bulls took profits, dragging down the price of gold. As the United States began to implement loose monetary policies to boost the attractiveness of gold, gold prices have set new historical highs in recent trading days, and the weekly line still closed higher, with three consecutive weekly gains. The third quarter is expected to be the best quarter in more than eight years. In addition, the escalation of conflicts in the Middle East also provides safe-haven support for gold. Several historical highs were set last week, highlighting investors' strong expectations for future interest rate cuts by the Federal Reserve. Investors' interest has been rekindled as lower interest rates have weakened the transaction costs of gold. As an interest-free asset, gold is more attractive in an interest rate cut environment, pushing gold prices up by about 14% this quarter, the best quarterly performance since 2016. The US September NFP report will be released this week, and investors need to pay close attention. In addition, they need to pay close attention to news related to the geopolitical situation, pay attention to the performance of global stock markets and changes in risk aversion. This trading day needs to focus on the speech delivered by Federal Reserve Chairman Powell at the National Association for Business Economics. However, it should be reminded that this trading day is the last trading day in September and the last trading day in the third quarter. Investors also need to beware of the possibility of abnormal market fluctuations caused by dealer position adjustments. Technical aspect Technically, the gold daily and weekly lines still maintain a good trend bullish structure, and the price runs around the bullish rising trend channel. At present, the daily line rises above 2685, and the long volume is released, and the indicator is stagnant and overbought, forming a short-term correction and repair, and the daily line forms a red and blue alternating closing. The price continues to maintain the MA10/7-day moving average at 2650/2627, opening upward and gradually moving up. The short-term four-hour chart retreated to the lower track of the Bollinger band on Friday to form a bottoming rebound. The technical trading ideas of gold remain unchanged and the trend is mainly low and long! Use 2643 as a long stop loss to participate in long positions, and the upper suppression points are 2675 and 2685
OANDA:XAUUSDLong
by Jun-goldFX
Gold XAU/USD Rejection from Resistance with Potential RebounceOn the 15-minute chart, Gold is currently facing rejection from a key resistance level. If the price retraces back to the support level, there is potential for a rebound. This support has previously acted as a strong zone, and we could see a bounce if it holds again. However, it’s important to watch for confirmation signals before entering a position, as a break below this support could invalidate the bullish scenario.
CAPITALCOM:GOLDLong
by rebenga93
Gold to push up further? And what to expect next!We could be looking at Gold exceeding $2700 this week!!! With no sign that gold wants to slow down and continual parabolic movement to the upside I have laid out two clear scenarios of what price could do this week. Scenario A: We have seen a clear Choch and Bos to the downside on the 1H leaving us with a nice 18h supply to the upside which price will push up to in order to completely fill the 4H IMB to the downside and possibly continue further in order to take more liquidity before reacting from a zone that follows price structure like the 3H demand or further down where we can see a 14h demand. Scenario B: Price has already tapped into the 1H demand and shown a LTF Choch which gives a possibility of price reacting from the LTF 10min zone to simply continue pushing up what we already see as a strong bullish move. Further confluence to support this move is the EQH at the top of the 18H supply which is a strong indication that price will not respect this zone. What we are seeing here are both likely possibilities. the question remains is golds upwards push exhausted or does it need to grab liquidity in order to continue this upwards push? what we do now is gold continues to surprise us all and possibilities are endless....
OANDA:XAUUSDLong
by JamelCapital
Dollar index sellAs dollar index was bearish all the week and in my view it will remain bearish for the next week as Dxy is moving in a falling wedge in which it has completed its 4 waves over H4 to H1 TF and going to complete its last wave 🌊 E if this pattern is not a failed pattern then DXY will remian Bearish all the next week also we our team has observed that Dollar is Bearish on All timeframes from Monthly to weekly to Daily to H4 to H1 so we will be bearish for the next week as Geopolitics is concerned we can predict a downward move in dollar index Hope for the good 👍😊
TVC:DXYShort
by Wakeel_Saab
Gold OutlookAs gold was bullish all the week and we are also bullish for gold all the week but today it has shown us bearish move today we are still bullish but as due to fundamentals gold broke its support level to the downwards and seems and also has retested the same if gold sustains the downwards move after price action candle 🕯️ we will be bearish to 2630 level of support and then we are Bullish after taking support over 2630 as i am saying in all my anylisis that gold is bullish over Monthly to Weekly to Daily to H4 to H1 TF so we are bullish will be bullish over next week too hope for the good 👍😊
OANDA:XAUUSDLong
by Wakeel_Saab
Gold closes higher and may fall back to peakThe gold hourly line has obviously reached the top. The K line rushed to around 2685, and then the big Yin line directly covered it and crushed it directly. It once fell by 30 US dollars. The top was obviously bearish engulfing. The moving average was directly bent and turned downward. Of course, the gold price deviated far from the moving average, and it was bound to return to the 50-day moving average. Detailed operations during the day: SELL: 2650------2645
TVC:GOLDShort
by David_strategy
XAUUSD:27/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2700, support below 2622 Four-hour resistance 2700, support below 2634 Gold operation suggestions: Yesterday, the technical side of gold finally ushered in a further upward breakthrough and strengthening after repeated oscillations around the 2660 mark. It accelerated to break through the 2685 mark before the US market and quickly fell back. The US market formed a wide range of long and short shocks. Finally, the gold price fell back for the second time and stabilized at the 2655 mark to usher in a second high. The gold price formed a strong bullish operation rhythm above the 2650 mark. Today, the lower support continues to focus on 2650-2634. The intraday retracement relies on this position to continue to be bullish. The upper short-term pressure focuses on the 2685 mark. Today, we will continue to go long after the short-term decline is in place, and wait for the decline but not short. BUY:2650near SL:2647 BUY:2634near SL:2630 If a waterfall occurs, please stop loss in time Technical analysis only provides trading direction!
TVC:GOLDLong
by ActuaryJ
Gold bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up. The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish. Resistance level: 2683 2690. Break to see 2700
TVC:GOLDLong
by David_strategy
1
Thursday Market Analysis and SignalsGold fluctuated in a narrow range in the Asian market on Thursday and is currently trading around $2,660/ounce. Although the Fed's interest rate cut expectations and geopolitical turmoil helped gold prices hit a record high of around $2,670 on Wednesday, gold prices then fluctuated and fell back as the decline in new home sales in the United States in August was smaller than expected, and Fed officials said inflation would not fall below 2%. The US dollar and US Treasury yields rose sharply, making gold bulls cautious. The price of gold continued to climb to a record high, driven by economic uncertainty, geopolitical tensions and global central bank demand. If the situation continues, gold prices are expected to continue to rise, even breaking through $2,800/ounce. However, there are variables in the future, and investors should act cautiously and pay attention to risk management. At the same time, strong demand for gold from global central banks and boosted consumer confidence also support the gold market. This trading day will release the changes in the number of initial jobless claims in the United States, the initial monthly rate of durable goods orders in the United States in August, and the final value of the second quarter GDP in the United States. Investors need to pay close attention to them. In addition, this trading day will usher in speeches by many Federal Reserve officials, and investors also need to pay attention to them. In addition, it is necessary to pay attention to news related to the geopolitical situation. Technically, as the RSI indicator of the short-term and monthly and weekly charts enters the high 80 value overbought signal, the price of gold has stagnated after yesterday's high of 2670. The US market formed a volatile downward test of the 50 mark support and made a wave of retracement. The short-term four-hour chart formed a high-level 50/70 range oscillation, the price retreated to the MA10-day moving average to stop the decline and rebound, the RSI indicator was below the high 80 value, the hourly chart Bollinger band closed, and the moving average was glued together. Let's look at the range oscillation during the day. Trading strategy: 2647-2650 long, stop loss 2639, target 2670-2680; 2670-2674 short, stop loss 2683, target 2650-2640;
OANDA:XAUUSDLong
by Jun-goldFX
1
XAUUSD: 25/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2700, support below 2650-12 Four-hour resistance 2700, support below 2650-20 Gold operation suggestions: Yesterday, gold technically retreated around the 2620 mark twice and then stabilized and rebounded. After the US market, it accelerated and broke through and stood above the 2640 mark, and continued to strengthen to above 2650 and reached 2664. The overall gold price continued to maintain a strong unilateral upward rhythm around the 5-day moving average support. Gold has new breakthroughs every day and continues to create historical highs. According to the current trend, 2700 is just a recent thing. Today's support below is short-term focus on the 2650-48 area. If it falls back during the day, it will continue to be bullish and follow the trend. The upper target is still concerned about breaking the high. The short-term bullish strong dividing line moves up to the 2630 mark. The daily level stabilizes above this position and continues to follow the trend of low-price longs. Be cautious when shorting against the trend. I will prompt the specific operation strategy in the VIP signal. BUY:2657near BUY:2650near BUY:2640near Technical analysis only provides trading direction!
TVC:GOLDLong
by ActuaryJ