Get started

Goldstrategy

XAUUSD - HOW DOES GOLD REACT USD HIGH IMPACT NEWS?#XAUUSD According to the analysis we gave to XAUUSS earlier, the TREND LINE is BREAKING and going down about 190 PIPS. We hope you get it. We have some very important NEWS coming to USD this week. So we have to wait a bit until we get them. The reason is that in this week, some very important DATA such as MANUFACTURING DATA, LABOR DATA etc. should be received. They can definitely have a very positive effect on GOLD. Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. Before that, you can definitely go to 1744 LEVEL GOLD. Be careful.
OANDA:XAUUSD
by benny_marshall
Gold analysis: Double bottom and bullish RSI divergence formingGold has fallen 2.1% in the last week, and it is now trading at its lowest level since July 21st, when it set the year's low of $1,680/oz. Looking at the technical patterns, it appears that a double bottom is forming, as $1,680 is now only 1.5% below current prices. A significant trend reversal could occur if this double bottom in prices is accompanied by a bullish RSI divergence, with the indicator failing to update new lows. Similarly, in August 2021, gold prices formed a double bottom along with a bullish RSI divergence, paving the way for a multi-month uptrend to March 2022's peaks. To see a reversal of gold's bearish trend, either the Fed must stop raising interest rates (unlikely) or markets must lose confidence in the Fed's ability to control inflation in the near future. Gold, unlike the US dollar, has not been a successful inflation hedge so far in 2022. The bullion has lost 4.5% since the beginning of the year, while the US dollar index ( DXY ) has appreciated by 13%. In practise, market participants have had some confidence that the Federal Reserve will be able to restore inflation to target. But what if inflation continued to soar despite interest rate increases? Fiat currencies like the US dollar would be an asset with negative real returns if the market started to believe that despite rising interest rates, inflation will continue to be much higher than anticipated unless the economy experiences a severe downturn. In that case, large investors' attention may shift back to gold, which has historically protected against the risk of inflation expectations becoming unanchored. Inflation expectations seem to have bottomed out in July, and they have been on the rise over the past few weeks despite rising expectations for higher interest rates, as evidenced in the 5-year and 10-year US breakeven rates . This move is telling us that the market is beginning to factor in the likelihood that inflation will remain above the 2% target for the next five or ten years. Further increases in inflation expectations during periods when the Fed raises policy rates are a warning sign that inflation expectations are becoming unanchored and the market is starting to lose faith in central banks' ability to control inflation. Further increases in inflation expectations during Fed rate hikes are a warning sign that inflation expectations are becoming unanchored and the market is losing faith in central banks' ability to control inflation. Crossing this Rubicon would lead to a new bull trend in gold's price. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:GOLD
by Capitalcom
1
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone, We have updated the 4H chart with weighted Goldturns and TARGETS and a Goldturn trendline support to identify the potential swing. We have candle body close above 1843 opening 1862, as a target. Ema5 cross and lock will make this target stronger. Failure to cross this and a new Goldturn below this level will see price retrace back for the updated swing range. BULLISH TARGETS 1862 BEARISH TARGETS 1843 SWING RANGE 1826 As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
9
This could be XAUUSD 's golden year!2011 marked a huge accomplishment for Gold peaking at 1920. This peak was made possible fundamentally due to inflation brought on by the sub-prime 2008 crisis. After peaking around 1920 back in 2011, Gold resumed to drop for a consistent 2 year period until 2013. Between 2013-2019 Gold was trading within a triangle consolidation pattern that broke up June 2019. Between 2019 to today Gold is trading in a technical weekly up-trend with higher lows. On my previous bigger picture review of Gold when it was trading around 1800 back in 2020 - I've covered how Gold may continue to rally long-term with consistent new highs. Gold resumed to rally after my idea was published and peaked at around 2080 just a couple month later, August 2020. After peaking August 2020 - It resumed to trade down until November 2021, when for the first time we had a higher high on a weekly close. Since November 2021 a consistent up-trend is ongoing, which started from a double bottom forming around the breakout which is also the weekly support stretching since 2018 connecting lows. Most recently we have a weekly close above the previous high of 2011 (1920) and connecting highs stretching back a year to early 2021 , also at around 1920 - Together making up very bullish indications, which means a new all time high is targeted. If this week closes above 1945, expect an extremely strong start to the week for Gold , with 1960, 1980 and 2010 as immediate possible targets. Inflation , uncertainty , pandemic, war - All bullish factors supporting the bullish technicals reviewed on this weekly chart. Please like and subscribe if you like my point of view , thanks!
OANDA:XAUUSDLong
by Exactus