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Goldtechnicalanalysis

XAUUSD - GOLD CURRENT SITUATION- Today is a very important day for XAUUSD. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. So far, the US DATA received yesterday is slightly MIXED DATA received. Also, GDP was very bad at DATA. So GOLD got a good DEMAND. - US10Y is currently at 2.84% LEVEL. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. Now DXY seems to be a bit CORRECTION. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. Also, when we look at DXY, we have moved to DXY 103.07 LEVEL. - GOLD PRICE is below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS. - Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES RISK ON TONE is what gives us. So I'm trying to be a bit HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. - GOLD PRICE can be UP again before UP. So GOLD can definitely go back to 1891 LEVEL. After that you can definitely go up to GOLD price 1966 LEVEL. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION- There are some very sharp economic data to be released this week for the US dollar. Today, especially GDP DATA is due to be released. So be careful when you trade NEWYORK. ADVANCED GDP INDEX, UNEMPLOYMENT CLAIMS DATA will also be released today. - US10Y is currently at 2.76% LEVEL .. Now US10Y is DOWN. Currently, the POSITIVE SENTIMENT for USD is similarly the most POSITIVE for DXY. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. Also, when we look at the DXY, the DXY 102.51 LEVEL is further up. - GOLD PRICE is below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS. - Currently the SENTIMENT of the OVERALL MARKET is moving towards the RISK ON side. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES is showing a UP SIDE BIAS right now. MARKETS currently have a NEUTRAL SENTIMENT, but the RISK ON SENTIMENT is too heavy. HIGH BEATA CURRENCIES are also UP going very well. - GOLD PRICE can be UP again before DOWN. So GOLD can definitely go back to the 1909 LEVEL. Then you can definitely DOWN GOLD price up to 1875l 6 LEVEL. If the TREND LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION- Today there are special indicators that affect GOLD. US PPI and CORE PPI DATA data to be released. GOLD will definitely be VOLATILE there. We must pay attention to the US10Y CHART. - US10Y currently stands at 2.76% LEVEL. Yesterday CPI DATA also made DXY UP at that moment. USD10Y LONG TERM UP is going to be up if this MARKET CONDITION is SUPPORT to USD. Also, when we look at the DXY, the DXY is up to 100.43 LEVEL. So GOLD has not been able to BUY much in recent days. - GOLD PRICE is available above DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. SHORT TERM is for UP SIDE. - Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Until yesterday the MARKET RISK was OFF. STOCKS DOWN DOWN until yesterday. Also, the EQUITIES are turning somewhat GREEN but the VOLATILITY is going down. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the DOWN SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is coming ON. - GOLD PRICE can be UP again before DOWN. So GOLD can definitely go back to 2000 LEVEL. Then you can definitely DOWN GOLD price up to 1817 LEVEL. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
XAUUSD ( GOLD ) - FUNDAMENTAL & TECHNICAL ANALYSIS with NFP⛔️ There are two special indicators that affect GOLD today. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. ⛔️ US10Y currently stands at 2.34% LEVEL. CORE PCE DATA was released yesterday but I could not see much HIGH VOLATILITY. US10Y was a bit WEAK at the time. But now the US10Y is becoming UP again. But the data came in fairly good. But USD10Y LONG TERM is going to be UP if this MARKET CONDITION is SUPPORT to USD. Also DXY has been up to 98.48 LEVEL. ⛔️ GOLD PRICE is currently available on DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be UP in the future. SHORT TERM is for UP SIDE. But the war may escalate again. Because Ukraine is already launching attacks on Russia. So GOLD may be slightly UP, but LONG TERM may be GOLD DOWN in the future as well. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ GOLD PRICE can RETRACE from DYNAMIC LEVELS. It's very important to us. Maybe after reaching the dynamic level the price can be hugely VOLATILE with the economic data coming up today. ⛔️ The chance of creating a DOUBLE TOP opportunity again before the GOLD PRICE goes DOWN is very high. So GOLD can definitely go back to the 1966 LEVEL. Then you can definitely DOWN GOLD price up to 1895 LEVEL. ⛔️ However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first. Today's NFP DATA may change the MARKET SENTIMENT in the future.
OANDA:XAUUSD
by benny_marshall
GOLD possible buy signal!!Hello traders, Gold has bounced just from Monthly resistance and has created and bullish engulfing pattern on a daily. As the monthly support @ 1759.00, a buy trade opportunity arises from 1777.21 by pending order and may be targeted @ 1826.00 as this is the nearest resistance as well as 61.8% Fib level. The price is likely to reach with either bull or bears are control. If the bulls are in control, this level is likely to break, if the bears are in control, then this level should reach for a possible retracement up to 61.8% fib Please press the like button if you find value in this analysis and share it on social media. Thank you.
TVC:GOLDLong
by ForexWizard01
GOLD ANALYSIS WAY TO 1810Gold was strong bullish on 14th of Oct due to fcmo. It just crossed strong resistance and went upto 1800 and now it has came back to 1757 support. 1 Day timeframe it has formed a parallel channel and now according to that it should move above to 1809-15 and then push back down to 1757 and below. 50 MA is going to cross 200MA, it is also a sign of a bullish market so it will go 1800 up. You can put your sell order there 1809-15 with sl 1832 and TP 1785 – 72 – 57 – 45 – 34 – 17. Happy Trading. Thanks for having a view. Any query comment Follow and like. Thanks
TVC:GOLD
by ProTradingPoint
GOLD IS CONSOLIDATED - XAUUSDGOLD is struggling hard to break the support 1752. Based on my previous analysis it was going well on Friday 8th oct it showed rejection form 1780-85. Now there are 2 possibility for you all to open sell order. When price strike to above resistance 1780-85 OR goes below 1750. Still main trend is down so we are not going to place any buy order. Our target is 1723 and blow. Just keep focus. Market will be volatile tomorrow as there a FOMO news. We might see some movement by tomorrow. Like our IDEA Follow Commet down.
TVC:GOLD
by ProTradingPoint
2
GOLD is Consolidated I take this for long time because it's going to take time for breakout support. Once it touch to 1780-85 then it should reflect till that time we are not opening any order. Here scenario is bearish and we all need a best point to place order. Have patience’s don’t be hurry good time is yet to come. Remember one thing we are not going to place BUY order, next movement will be retest so don’t anguish. Place your order below 1762-70, our target will be 1745, 1723, 1717 and below. LIKE OUR IDEA FOLLOW COMMENT
TVC:GOLD
by ProTradingPoint
XAUUSD - GOLD Next Target 1717 AlertSince I have shared all about GOLD. It's main trend is down and still moving down, so you have to just follow a simple logic that price will go up and fall back, just see candlestick where it's forming a strong signal towards down just pull your trade. Still there is no such mark of uptrend in news or anywhere. I think it will take inverse in next month or November as per FED action. Here there are 2 possibility, it can move to resistance 1752 then reverse or just hit bottom trend line and come back. Trade wisely! So let's make it possible and take gold to 1700 and still below. Good luck If you like our idea follow our page and other social media.
TVC:GOLDShort
by ProTradingPoint
Gold Next Target 1730 - 1717Yesterday I missed to update. But it really took a good move as based on all previous analysis. It breached down to channel support 1736 yesterday, and now psychologically next level is 1717. Before that I am sure it will test 1767 resistance. If it moves ahead to 1882 - 1885 then it is a trend changing zone and price may go up further. Now our next target is 1717, before that it will move upward to and keep in mind that it is a trend changing zone. The falling trendline (channel) resistance at $1785 could guard the further upside. For future UPDATE follow
TVC:GOLDShort
by ProTradingPoint
GOLD FED NEWS DECISION PENDINGYesterday I posted a idea of short sell, there were scenario of buy and sell, I was confident on FED meeting on interest rate decision. But yet not confirmed. Technically speaking it looks like price will continue lower and it will move below the previous lows 1744. Well I recommend you that open small lot size of 0.01 according to your risk management. Wait for FED meeting confirmation on further price action. There will be two scenario In CASE 1 If price goes to the above 1782-85, then the level to look out for is 1810. In CASE 2 If price goes to the above 1772-69 as strong support, then the level to look out for is 1735 and low. AGAIN I RECOMMEND you to take action after FED news and best entry position would be below 1770. FOLLOW for future UPDATES, Like and Comment
TVC:GOLD
by ProTradingPoint
GOLD on it’s way to 1735As per yeaterday analysis GOLD is moving perfect on it’s way to 1735. Currently price action is very slow as GOLD trend is sideways, it will take aggressive move in the middle of this week. 1750 is point where market can be judged. Price above 1750 is a potential reversal zone and if it’s down then bearish. But here it’s sideway between 1772 and 1745. Now at present price is trading below the 9 periods EMA and 21 periods EMA as an indication of bearish market. The Relative Strength Index period 14 is at 30 levels with the signal line pointing Buy signal. Manage your risk and trade at current situation. Make sure to check out our analysis tomorrow and on Wednesday when we will share our longer term view on GOLD.
TVC:GOLD
by ProTradingPoint
GOLD analysis next target 1735 Gold is in downtrend zone, went top high and formed double top showing a bearish signal as it was unable to hold and break above 1834. Now gold is moving between 1772 and 1748, according to fibb of this month 0.382 our next target is 1735. You can open a short position once it breaks below the 16th sep low i.e 1748. It will take hard time to break that level till that you open short at high between this range. It will sure come down Analysis based on price action on daily basis. Cheers and just chill till it breaks for short position. Follow, like and comment down
TVC:GOLD
by ProTradingPoint