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Gold is likely to fall as it encounters resistance in 2020Gold edged higher in the first Asian release. Research team Phillip Proof said in a commentary that there are certainly many people who believe the Fed has completed its energy bull cycle, noting gold rose to the key $2,000/oz level on Friday. The prospect that the Fed's tightening cycle could end could increase the appeal of the non-interest-bearing precious metal. Spot gold trading increased 0.1% at 2,003.48 USD/oz. TVC:GOLD SELL 2018-2020 ✔️TP1: 2012 ✔️TP2: 2007 🚫Sl : 2025
TVC:GOLDShort
by TinaTradingGold
Continue to adjust and accumulate short-term! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day. Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price. ⭐️ Personal comments NOVA: Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1973 - $1975 SL $1968 TP1: $1985 TP2: $1997 TP3: $2008 🔥SELL GOLD zone: $2008 - $2010 SL $2017 TP1: $2000 TP2: $1990 TP3: $1980 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
Xauusd:2008 strong resistance Key indicators of changes in market sentiment on Wednesday also included a report of a decline in the number of people applying for unemployment benefits, which hit a five-week low of 209,000 (lower than the expected 225,000), indicating a tightening labor market.In addition, the University of Michigan's inflation expectations report is even worse. The report emphasizes that consumers expect the inflation rate to be about 3.2% in the next five years, and U.S. consumers still believe that the inflation outlook is higher.This forecast is closely watched because it may affect the Fed's interest rate decision and reflects people's continued concerns about inflation if expectations continue to be high.On Thursday and Friday, Thanksgiving Day in the United States, the US market will be closed early Gold reached its highest level in 2006 yesterday, and has not broken through 2008 for 4 consecutive times, so it can be judged that the resistance here in 2008 is very strong. As can be seen from the chart, the volatility range of gold is getting smaller and smaller A series of economic data released yesterday is the Lido dollar index. The US index has risen from 103 to 104.2. It is possible to reach the bottom. As a reverse indicator of gold, it is not conducive to the continued rise of gold. So as long as gold rebounds above 2000, you can still choose to sell. You need to observe the support strength of 1985-1987 and strictly do a good stop loss, so that your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
Bank holiday! Slowly today XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The recovery in the price of gold (XAU/USD) has lost its momentum after pulling back from $2,006 earlier in the Asian session on Thursday. The positive US consumer sentiment report has led to an increase in US Treasury yields and a stronger US Dollar, which has attracted some sellers of the yellow metal. Market activity remains subdued as the United States prepares for the Thanksgiving Day holiday on Thursday. Currently, the price of gold is trading around $1,990, showing a slight increase of 0.02% for the day. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is hovering around 103.88. The yields on US Treasury bonds are also rising, with the 10-year yields climbing by 4.40%. This upward movement in yields puts pressure on gold as investors see US Treasury yields as a more attractive investment compared to non-yielding metals. ⭐️ Personal comments NOVA: Today is BANK holiday in the US market. There will not be much fluctuation today, the price is mostly sideways and in a cumulative correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1977 Scalping TP1: $1985 TP2: $1988 TP3: $1991 🔥BUY GOLD zone: $1968 - $1970 SL $1960 TP1: $1980 TP2: $1988 TP3: $1995 🔥SELL GOLD zone: $1994 - $1997 SL $2001 TP1: $1988 TP2: $1975 TP3: $1968 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
5
GOLD SELL ON DIPS !!!HELLO TRADERS !!! As i can see the Gold has reached at strong resistance level and thanks giving + Black Friday ahead and not expected much volume in markets & as we had watch yesterday FOMCE MEETING MINUTES show us that rate hike can be happen once more in 2023 DXY also grap the strong support zone after a free fall from 107.00 area now its time for a retrace so i am expected a fall in Gold and other pairs against USD Its just an trade idea kindly do a proper analysis when u trade on ur real accounts share ur thoughts with us so it will be very helpful for trader community
TVC:GOLDShort
by APEX_TRADING_ACADMEY
1
Why GOLD is unlikely to move (MUCH) due to THANKSGIVINGGood Morning folks Brandon here, Ekatatrading..Gold may be moving into a slow period..Possible consolidation Today is a US bank holiday due to Thanksgiving This doesn't mean that GOLD won't move But truth be told I am not seeing any clear induction at this time which means to me - Everyone is actively being induced (both buyers and sellers) My play today is to watch gold and wait for it to show me a better hand Until then, see you guys tomorrow
OANDA:XAUUSD
by Brandon_evo4
XAUUSDHello guys According to the chart and last analysis the price break the resistance area and now its going to make pattern in the chart and we expect this movement . But the point that we should attention is the price can go up and stop hunt the order and then ready to drop or it can go up and consolidation in the resistance area ( yellow box ) and then drop without any stop hunt the order. We should check the chart and the price movement in lower time frame to know what we should to do. If you have any question send us messages GOOD LUCK AA
FOREXCOM:XAUUSDShort
by Abtin00
XAUUSD might drop.Based on the previous days' candlestick patterns and the current market conditions of XAUUSD (Gold/US Dollar), there are indications that the price might decline further. The decision to place a trade with a take profit (tp) set at 1910 and a stop loss (sl) at 1982 is a personal choice and should be made with careful consideration of risk management. To delve deeper into the rationale behind this potential trade, it's essential to analyze the historical price action, trend lines, support and resistance levels, moving averages, and other technical indicators. Previous days' candlestick formations, such as doji, engulfing patterns, or specific price rejections at crucial levels, could provide insights into potential market sentiment and direction. Additionally, macroeconomic factors and geopolitical events may significantly impact the XAUUSD pair. Factors such as inflation rates, central bank policies, global economic stability, geopolitical tensions, and the US Dollar's performance could influence the price of gold. Moreover, traders often use various technical analysis tools like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Fibonacci retracement levels to complement their decision-making process. However, it's crucial to emphasize that trading carries inherent risks, and any decision to enter a trade should be based on a well-defined strategy and risk management plan. Utilizing proper position sizing, setting stop-loss orders to mitigate potential losses, and having a clear exit strategy are crucial elements of responsible trading. Remember, this analysis and trade idea are subjective and speculative. Market conditions can change rapidly due to unforeseen events or shifts in sentiment, potentially invalidating the initial analysis. Therefore, constant monitoring of the trade and adapting to new information is essential to manage risks effectively. Lastly, it's recommended to consult with a financial advisor or perform thorough research before making any trading decisions, as this analysis is for informational purposes only and should not be considered as financial advice.
OANDA:XAUUSDShort
by ArminMah
GOLD 4H : Support further decline GOLD New forecast The price perfectly fulfills my last idea and price reached to our targets +200 pip . The price of gold was able to touch our expected target at 1932, and it is under continuous negative pressure formed by the moving average 50, which supports the chances of surpassing the current level to open the way for further downward correction, whose next target reaches 1916 and 1911. Therefore, the downtrend scenario will be remain valid and effective during coming period , taking into account that failure to break 1932 will lead the price to attempt to build an ascending wave, mainly targeting testing the 1947 level. so it is possible to do a retest and then dropping. The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized . support line : 1932 , 1916 resistance line : 1947 , 1947 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDShort
by Arazmajeed
7