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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 MasterAnanda
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
XAUUSD: Hit the 4H MA50. Long opportunity.Gold has been trading this month within a 4H Channel Up (RSI = 49.668, MACD = 3.600, Highs/Lows = -3.3550). Those indicators along with the fact that the price touched the 4H MA50 yesterday and held, make the short term outlook bullish again, even though the Higher Low zone is marginally lower. Our TP is 1,570, with the next possible Higher High projected to be around 1,580. ** 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:XAUUSDLong
by InvestingScope
Gold: A Few Slight Retracements; 1450 Soon; 1500 Within ReachI have discussed at length in my previous posts where I think Gold will go and the specific reasons for my conclusions. As such, I will refrain from repeating. To keep it simple, I see 1450 as the next major hurdle and once 1450 is broken we will be set to reach and exceed 1500 within 3 weeks afterwards. Until then it will take some volatility before we get to 1450 and a lot of false bear flags will be dished out. As a rule of thumb when trading Gold and Silver: never panic sell and always wait for two consecutive trading sessions for confirmation. I expect Gold to do the following in the near-term: 1) 1440ish (current) --> 1443-1446 (Sunday futures open) 2) 1443-1446 --> 1431-1438 3) 1431-1438 --> 1447 4) 1447 --> 1440-1442 *5) 1440-1442 --> 1450 --> 1470 --> 1490 --> 1500 and beyond *Slight retracements after 1450 on the journey to 1500 but nothing major. I expect we will reach 1450 by this coming week and we will top 1500 anytime in September. Longer-term I am still eyeing 1700+ by the mid-point of 2020. If Gold happens to gap fill some lower levels into the 1416-1421 range it will be very quick and sometime Sunday overnight into pre-dawn Monday. - zSplit
FX:XAUUSDLong
by PaulDeep19131