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Gold Price At A Critical Support Level – After Steady DeclineGold Price – Technical Outlook Daily Chart After experiencing careful declines since mid-July, gold price is currently positioned directly on the ascending trendline originating from February, as depicted in the chart below. If this trendline is breached, it could pave the way for a more pronounced bearish technical outlook. This scenario would potentially reveal the 38.2% Fibonacci retracement level at 1903, which notably coincides with the lows observed in June. 4-Hour Chart The 4-hour chart provided below offers a clearer view of the recent short-term downtrend. A descending trendline is serving as a consistent support, facilitating a gradual decline in price. Notably, there is a positive divergence in the Relative Strength Index (RSI), which suggests that the downward momentum is diminishing. This observation coincides with XAU/USD testing the 61.8% Fibonacci retracement level within this specific timeframe. However, for a potential return to a short-term bullish technical outlook, it would be essential to surpass the 1932 resistance level. Alternatively, if bearish momentum continues downward, the next area of support to watch out for would be 1898 and 1867
FOREXCOM:XAUUSD
by imxoxo
Gold Drifts Lower on China Data and Inflation ConcernsI wanted to bring to your attention the recent developments in the gold market, particularly the downward trend it has experienced due to China's economic data and growing concerns surrounding inflation. While the situation demands caution, it also presents opportunities for those seeking long-term returns. Over the past few weeks, gold prices have been influenced by China's economic data, which has shown signs of a slowdown. The uncertainty surrounding China's economic growth has led to a decline in demand for gold as a safe-haven asset. Additionally, inflation concerns have been mounting globally, causing investors to reassess their portfolios and seek alternative investment options. Although gold has faced some headwinds lately, it is vital to consider its historical performance and its potential as a long-term investment. Gold has traditionally served as a hedge against inflation and a store of value during economic uncertainty. As the global economy gradually recovers from the pandemic-induced slowdown, the potential for rising inflation cannot be ignored. In light of these factors, I encourage you to consider the long-term potential of gold as an investment. While short-term fluctuations may cause some uncertainty, gold has demonstrated its resilience and ability to preserve wealth over time. As an experienced trader, you understand the importance of diversification and the need to explore opportunities beyond conventional financial instruments. I invite you to explore the possibilities of including gold in your investment portfolio. By diversifying your holdings and allocating a portion to gold, you can benefit from its long-term return potential and ability to hedge against inflation. It is crucial, however, to conduct thorough research and seek advice from trusted financial professionals before making any investment decisions. Please feel free to comment if you have any questions or require further information. I am here to assist you in navigating the complexities of the gold market and provide insights that can help you make informed investment choices. Thank you for your time, and I look forward to discussing the potential of gold as a long-term investment option with you.
OANDA:XAUUSDLong
by bryandowningqln
10
GOLD:Trading strategy Gold 1928 is a key position, and it is very likely that there will be a bottom-up market. Judging from the indicators, the downward momentum of MACD on the 1-hour chart began to weaken, and the golden fork of the 4-hour and 30-minute fast and slow lines, coupled with the oversold RSI indicator, all indicate that the market may experience a second rebound at any timeTrend. Gold trading advice today: Gold:buy1930-1935 TP:1942-1948 If you want more signals, join me
TVC:GOLDLong
by UnknownUnicorn60055110
3
Gold strategy analysis on Monday Gold Friday non-farm is not amazing, the data is slightly favorable to gold, produced a small counter-draw, gold continues to fluctuate around 1940, currently according to the closing situation, gold is still not stable above 1945, gold will also have the opportunity to short, upper resistance focus on 1950-1955, below focus on short-term support 1938 line, focus on 1929-1930 line support, the operation is still high short-based, no breakthrough and stability before the upper suppression position, Any rise is a short opportunity, choosing the timing of trading according to the market Personal Gold Strategy: xauusd:@sell1950-1955 tp1935-1930 Join me for more free accurate trading signals
FX:XAUUSDShort
by UnknownUnicorn58713786
4
📈XAUUSD analyis, The first day of the week📉OANDA:XAUUSD FOREXCOM:XAUUSD Gold analytical series, Episode 25 Hello Traders, please check out my previous ideas. targets are on the chart. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
FOREXCOM:XAUUSDShort
by CrazyS
4
Gold analysis next week On Friday, the non-agricultural data bottomed out and rebounded, forming a bottoming trend of 1925. Gold then rose to around 1945. It should be noted here that what really determines the trend of gold is the market sentiment after the data. Although the non-agricultural data is beneficial Gold, but still lacks a strong uptrend continuation signal! Therefore, gold began to fluctuate after rising to 1940. Next, in the short term, gold mainly pays attention to the support of 1937 below and the resistance of 1946 above. If gold does not break through 1946, then gold may fall along the trend next week and retest the support of 1937 xauusd:sell1948-1953 tp1943-1938 Share free trading signals every day, if you need, please join me
FX:XAUUSDShort
by Tony_barry
GOLD Going to range DEMAND and SUPPLYMy latest idea on gold has been another success . At the start of the week, the Gold Price shows little surprise in response to the crucial United States inflation data. It is currently defending the rebound from a significant support level observed in the previous day's trading. The support is mainly influenced by the mixed US employment report. As of early Monday in Asia, the XAUUSD is hovering around 1943 . In my view, the price is bullish , with a target of at least 1952 . We are aiming for a slightly lower target, around 1947 , based on my first visible BOS on the chart. Ideally, taking a trade below the current price, as of the time of writing, would be preferred. However, it's crucial to remember that news events can have a significant impact on the price, so it's best to avoid trading during news releases.
FOREXCOM:XAUUSDLong
by Alert_Me
6
XAUUSD gold ready for sellhey guys... As you can see in the picture, we see a bearish structure in gold. Because a character change has occurred and LL is formed, and after that a new LL is formed, which means the structure is broken. which is shown in the picture with the symbol CHOCH and BOS. So we have to look for the right range to sell. The first resistance range is on the way from 1950 to 1955, but in my opinion, gold should gather liquidity behind this range. So, the main drop will not be from this area, or rather, selling in this area is high risk and it is not my choice. In my opinion, the suitable range for sell would be 1965 to 1970, which can drop the price first to 1939 and then to the range of 1902 to 1918. We will see support in these two ranges. Later, we will update this analysis for buy positions. Be careful. you have to see the triggers before opening the positions.
OANDA:XAUUSD
by mahdiomidi
XAUUSD Setting up for BUYS...XAUUSD Setting up for BUYS... After breaking out and above the 2-day range zone created from stagnant markets last week with buyers and sellers all piling up orders before nonfarm payroll on Friday we then saw gold push above the range and manage to close outside it after getting a validation retest off the top side, if gold can stay above the range zone and make its way up to 1946-48 we could catch some tasty buys after a pullback to maybe the current level or at least above/on the previous range zone which we could ride up to around 1954 first and then maybe 1971 but at the 1954 level there is a high chance it could then chase the 1925 low level by the end of the week. So my first target is 1954 from there I will wait for my price action confirmations before jumping back on the sail boat.
EIGHTCAP:XAUUSDLong
by OfficialKieranTrewick
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20