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XAUUSD - GOLD CURRENT SITUATION- There are two special indicators that affect GOLD today. Among them will be an ISM SERVICE PMI, and a FOMC MEMBER SPEECH. These are very important ECONOMIC INDICATORS and these are quite HIGH VOLATILIE INDICATORS. - US10Y currently stands at 2.44% LEVEL. 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 98.87 LEVEL. So GOLD has not been able to BUY in recent days. - GOLD PRICE is currently available on 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 NEUTRAL. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. - The chance of creating a DOUBLE TOP opportunity again before the GOLD PRICE is DOWN is very high. So GOLD can definitely go back to the 1966 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. Today we are keeping an eye on what is happening in ISM SERVICE DATA to GOLD.
OANDA:XAUUSD
by benny_marshall
Gold is waiting to test $2075, But correction is a must.Gold started this week with an upside gap like the last week and tested above the $2002 price zone. Last week's high was $1970, and the gold price is stabilizing above the $1970. So from the present rate, $1970 will work as minor and near-term support. So, in the short-term picture, if gold is correct, nearly $1970/1980 zone may be a buying opportunity, and stop-loss should be below $1970 price zone and near term target $2075. As $2075 is an all-time high rate, significant correction is necessary. From my 14 years of gold trading experience, I can say a correction is a must from the $2075/2095 price zone. It may be a significant correction because of profit-taking. Based on the weekly and monthly chart, it says, if the gold price goes correction the all-time high price zone, it may correct to the $1930/1900 price zone, then it will continue its uptrend again till the 2330 price zone if the Rusia-Ukraine war and NATO countries sanctions exist.
TVC:GOLD
by Gold_Trading_Expert
7
Gold Analysis 2-15-22Overall trend is currently bullish and this bearish move down could just be a retracement. Price has rejected the 200 EMA and also created a wick rejection. Even though the market structure was broken, I think there will be continued bullish momentum. 1. Strong bearish candles/momentum 2. New low was formed 3.Price broke market structure 4. Price being supported by the 200EMA 5.If price forms resistance, it can then retest the wick below 6. Buying opportunity would be a break and close above 1858.60
OANDA:XAUUSDLong
by dreadhead4_life
2
Trade Idea for Gold on 4H TFA huge drop on Gold. It is possible that price can begin to retrace during the Asian session and London session to build up momentum to continue to the downside. Wait for a solid retracement and resistance to form. Once price begins to reject, there is a strong possibility for price to retest the lows that were created today. 1.Strong impulse Bearish candle 2. Major Level of Support 3.Strong Possibility that price can reject 1812.50 and begin to pull back 4.Strong possibility that price can pull back to 1823.50 or 1827.70 to form resistance to continue to the downside
OANDA:XAUUSDShort
by dreadhead4_life
Gold is still in an uptrend as long as above the $1800....Gold is an uptrend in the long time frame, like monthly and weekly. However, the market seems in range and bound in the daily chart. In the last week, inflation has risen, and the USA cannot print its retail and core retail sales positively. Even omicron is still spreading all over the world. This week Tsunami Tonga hits. So, it is clear that most of the fundamental factors are still favoring the gold against all the major pairs. So, fundamentally gold is in an uptrend, there is no doubt. But, even in the higher time frame, gold is in a long position. In the h4 chart, gold is rising, testing trendline support and dropping trendline resistance. $1830/1835 makes a strong resistance level from the present rate. Often, gold tested to break the $1830/1835 price, but the market was unable to break above the strong resistance level of the $1830/1835 zone though all the fundamental factors are supporting. So, we should wait to buy gold until it breaks above the $1830/5 price zone or tests nearly trendline supports the $1805/1807 price zone. Because $1807/$1800 creates strong trendline support as well. If we buy from the $1805/1800 price zone, our stop loss is below the $1796/1795 Price zone. And upside target is $1830, the next target is $1855, and finally $1865/1870 price zone. On the other hand, if gold breaks below the trendline support $1800 price zone, we may short gold and target should be near $1780/1785 price zone and final target to the downside is $1760/1765 price zone.
TVC:GOLDLong
by Gold_Trading_Expert
Gold Challenging Its Trendline SupportGold is challenging its long-term trendline support. However, gold's market movement doesn't seem that investors are scared about Omicron variation. Breaking below $1760/1765 will invalidate its uptrend from August 2021. If we see gold price breaks below the $1760 price zone, we may go short. Our first target to the downside is $1725/1720, and the final target is the $1680/1685 price zone. On the other hand, breaking above $1792/1795 will open the door to long-term buy. The first target to the upside is the $1830/1835 price zone, and the final target to the upside is the $1900 price zone. Let's see what happens. This is neither signal nor advice. It is just a personal view. If t=ou think this analysis helps you, let's like comments and share.
TVC:GOLD
by Gold_Trading_Expert
1