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XAUUSD: $1707 Next Short TargetFirst off, please don't take anything I say seriously. As always, this is on opinion basis. That being said, let me get into a few points. Right now, Gold is very bullish on the Forex market, and in most financial markets in general. The demand curve is seemingly going up. This is why it also has long potential. However, for a short term self-off target for Gold (since I prefer doing shorts for day trades), the target I would set-off is $1707, then reinvest in the dip couple dollars down and so forth following the day's range trendline.
FOREXCOM:XAUUSDShort
by gamer456148
Gold Spot Looks Like A DropOne of our readers asked about Gold (XAUUSD), how is the chart looking now? What is it saying? For Gold Spot (XAUUSD), the chart is starting to look bearish after a lower high and a candle close below EMA10 (green line). We have the MACD, pictured below, printing a bearish cross. We also spotted bearish divergence with the RSI. We have the RSI closing lower while XAUUSD was closing higher: Our first target if prices continue to drop will be $1644.84 or EMA50. If this level breaks, prices can go even lower and hit ~$1550... This is not financial advice. Thanks a lot for reading. Namaste.
FX:XAUUSDShort
by AlanSantana
2
Is Gold Going Up Again? $1800+ PossibleLooking at the Gold Spot (XAUUSD) chart I am getting the feeling that Gold can move higher. Right now resistance is being faced at $1649.65. If this level can be conquered, $1836 will be hit next. Failing to close above $1649.65 this week, will send Gold Spot lower... But looking at lasts week's strong bounce (marked green space), it is likely that prices will go up. This is not financial advice. Thanks a lot for your support. Namaste. --------------- 💾 The S&P 500 Index Moving As Chartted
FOREXCOM:XAUUSDLong
by AlanSantana
3
XAUUSD: Sell opportunity on Inverse Head and ShouldersGold is trading on an Inverse Head and Shoulders pattern with the Right Shoulder repeating the Left Shoulder sequence. On the 4H chart it is clearer (RSI = 63.637, MACD = 12.780, ADX = 53.651) as the MACD is repeating the crosses on the exact same spots. On the MA50 (blue line), which last week supported the current uptrend, breaks then we are expecting a drop first to the 0.5 Fibonacci = 1,577.50 and the 0.786 = 1,505.00 in extension. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDShort
by InvestingScope
5
GOLD M-Shaped Top!Hello and welcome on this 4h chart of GOLD spot XAU USD. I hope you stay positive in these days, while everybody staying at home for past 2 weeks, at least in Europe we stay at home for this period. Maybe some of you in quarantine for longer period. I hope you will find a way to be better person after this period. So stay positive and motivated! Do not forget about people who thinks gold is bullish because of crisis and pandemic. But in real world governments can sell it in order to pay for loans and other budget deficit in difficult times. This can lead us to declining in price. This is what I think. I could be wrong, but that is my conclusion. It seems like price is going to retest $1530 level which is important Fibonacci 38.2% retracement level. I’ve noticed W and M shape of previous swing high and low. For sure it Looks like double top and target for it at $1563 level! ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊 Thanks hope you will make right decision to trade on this week and be patient to get good profits.
OANDA:XAUUSD
by ArShevelev
7
XAUUSD Weekly Forecast 20th - 25th Jan 2020XAUUSD Weekly Forecast 20th - 25th Jan 2020 - As 2020 starts all markets will potentially be more volatile while they settle into a good structure for the rest of the year so with all new trades make sure your risk management is on point! - Gold has slowed down after fundamental tensions have calmed down. - Still looking for bullish moves in the market as it seems a lot of stop hunts are being executed while holding weekly/daily support. -Potential inverted head and shoulders pattern is occurring but will not be putting in any mire new trades till clear confirmation of the direction of the market. - I have key levels set both ways but keeping a bias view on gold to go bullish to my first target set at 1570.00. - For any new trades I would set my stop loss below 1535 due to any further pullbacks before continuation. . . My Weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown. - - Telegram -
OANDA:XAUUSD
by kieranchow
XAUUSD: Short term outlook | Descending Triangle.Gold respected the 1,536 - 1,540 4H Support Zone which was the symmetrical level from the September 24th Lower High, but the rebound stopped on the Lower High trend line (red dashed line) of the 4H Descending Triangle (RSI = 46.910, MACD = -1.340, ADX = 27.607, Highs/Lows = 0.0000). A break above that line justifies a 1,563.50 test, while a rejection another attempt to keep the 1,536 - 1,540 Support Zone intact. If Gold breaks the 1,563.50 Resistance breaks, then more buyers should join. TP = 1,578.50 and 1,595 (medium term). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSD
by InvestingScope
Can Gold Go To $1600 In January 2020 Or Higher? Merry Gold!The chart for Gold Spot (XAUUSD) is looking super bullish and allows for additional growth. This move is just getting started and the way this looks now, XAUUSD can easily break $1,515 and move higher. There will be some retraces and consolidation along the way but BULLISH/GREEN it is all day. Gold Spot (XAUUSD) Chart Signals & Indicators The MACD is now on the green allows for additional growth. The RSI is very strong at 66.78 and at its highest since September 2019. EMA10/50/100 fully conquered and now working as support. This chart screens bullish. Looks like Gold is going to have a very good start in 2020. Let's hope that Bitcoin and Cryptocurrency can also do the same. Thanks a lot for reading. This is Alan Masters. Namaste.
FX:XAUUSDLong
by AlanSantana
7
XAUUSD: Sell Opportunity with bearish channel within channel.Gold confirmed our medium term bearish view, as the 1D Channel Down (RSI = 44.533, MACD = -5.450, Highs/Lows = -2.2965) was successfully rejected on a Lower High below the 1,520 break out barrier. See that idea below: It traded for a while within the High Volatility Zone (blue Rectangle) but again formed a shorter term Channel Down on 4H (RSI = 42.719, MACD = -2.270, Highs/Lows = -2.3479) which uses the 4H MA50 and MA200 as Lower Highs. The 4H RSI sequence resembles the August 23 - Sept 18 cohesion which spiked before making the Lower Low at 1,460. We are expecting a similar price action and are again shorting with 1,460 as the Target. As mentioned on the previous analysis, the final target on the 1W chart seems to be the 1,381.50 - 1,400 1W Support Zone , and if the 1D Support breaks, we are expecting an aggressive fill of this level. This is where Gold is expected to make contact with its 1W MA50 and continue its aggressive new Bull Cycle that it entered in June, in a manner similar to the 2000s Bull Cycle. That idea was explained in September with a comparison of the two eras, which you can see below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:XAUUSDShort
by InvestingScope