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GOLD (XAUUSD): Important Key Levels to Watch Next Week 🏆 Here is my latest structure analysis for Gold. Horizontal Key Levels Support 1: 1875 - 1898 area Support 2: 1854 - 1858 area Support 3: 1804 - 1811 area Resistance 1: 1923 - 1933 area Resistance 2: 1942 - 1947 area Resistance 3: 1972 - 1987 area Vertical Key Levels Vertical Support 1: Support line of a falling wedge pattern Vertical Resistance 1: Resistance line of a falling wedge pattern. Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
10
XAUUSD Outlook 18/8/23 The levels are magical 🔮What is up gang! What a great day we had with calling the level touch and reversal for huge sells. Insane. Its been a crazy couple weeks. Long may it continue The top level 1903 was touched to the pip and shot down. How did i know it was going to do that? .. i trust my algo levels completely .. but what are they? Over years of staring and testing on the charts .. i found that price always came back to these special points in price. I found that they were respected time and time again but not like support and resistance .. these levels are respected to the pip, and have been for years. Supply and demand, support resistance, fibs, ICT (whatever) all need price points to work from .. and they are from the levels i have found. My algo levels. I cant tell you how i mark them, as they are my creation and im proud of the hard work they have cost me ... but i can share them every day with you so you can profit as i do. Tomorrow!! .. we have zero news .. thats weird for a friday so im expecting price to follow the trend down to the HTF important level marked on the chart at the bottom. Any buys would have to be a huge shift in trend for me to consider .. unless its a fakeout reversals are marked in blue .. wait for the pattern before entry .. gold gang know what i mean! please follow along to catch these monster trades with me .. like and boost too catch you in london tommyXAU
OANDA:XAUUSD
by tommyXAU
1
Will gold continue to fall? Today's Trading StrategyAt present, gold has been fluctuating and rising. After 1900 was broken yesterday, it only fell to the 1896 line. It did not continue the downward trend, but quickly rebounded and corrected, closing above 1900. The current trend is basically similar to the previous trend, and a double bottom has been formed below. The counterattack trend of bulls is ready to enter the market at any time, and now we can be sure that the space for shorts to fall is limited, and we cannot blindly chase shorts. At present, we are waiting for the establishment of the bull signal, and the bears will not be able to continue the decline unless they continue to break low, otherwise all the declines are just a signal to establish the bulls' entry. Back to the topic, the downtrend of gold is not over yet, the operation needs to be treated with caution, today we will first look at the 1900-1897 line below, reach this range to find the low point and enter the market to do long BUY: 1900~1897, SL:1894, TP1:1905 TP2:1910 The European and American market rose to 1911-1913, which can be shorted SELL:1911~1913 SL:1920 TP1:1908 TP2:1905
OANDA:XAUUSD
by Short-termTaurus
SHORT ON GOLD AFTER LOSING THE 1900 SUPPORT "So, GOLD has lost one of its important supports (1896 ~ 1902). It is currently at the lowest price in the last 60 days. The price has formed a clear CHOCH on the 1H and 4H time frames, and the trend has remained bearish after losing the support. The first scenario involves being rejected after retesting the previously lost structure around 1896 ~ 1902 and then making a direct move towards 1980. Following that, we might observe a consolidation phase around that area. The second scenario entails breaking the 1980 support zone, retesting it, and potentially going deeper to 1860. Today's news appears to be unfavorable for GOLD, leading to our next resistance zones at 1880 and 1860. My recommendation is to go short until we witness a solid breakout at 1907 ~ 1912. Good luck, everybody." OANDA:XAUUSD FOREXCOM:XAUUSD CAPITALCOM:GOLD
OANDA:XAUUSDShort
by badassone
GOLD (XAUUSD): Detailed Structure Analysis 🥇 Yesterday's FOMC was bearish for Gold, and the market dropped sharply. As I already discussed on the live stream, shorting Gold now looks very risky. The thing is that the market is currently trading within a huge horizontal zone of demand. The underlined blue are is based on a price action of February, March and July this year. Be careful and keep tracking the falling wedge pattern. Its bullish breakout will be most likely trigger a correctional movement. Alternatively, a breakout of 1875 (lower boundary of a demand zone) and daily candle close below that, will confirm the violation of the demand zone. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
10
Today gold is still dominated by short selling, top 1923Gold Analysis: Last Friday's gold empty order was also steadily won. The closing battle is also a successful conclusion. With the beginning of a new week, new market trends are also waving towards us. Next, listen to my analysis and insights on Monday's market. The support at 1910 below is relatively strong, and several pre-breakthroughs ended in failure. According to the trend of gold in the Asian market and the strength of the callback, the bulls are still suppressed to death, and it is difficult to see that they will give enough rebound in the short term. So the focus is still on the break at the 1910 position. Last Thursday's CPI was all bullish, and it failed to open up the bulls' upward momentum. It just rushed to the 1930 line and was suppressed by it and quickly fell below the low. Therefore, the bearish trend remains unchanged this week, and it is still mainly bearish. In terms of operation, just follow the mainstream and wait for the rebound to give you a short-selling opportunity. Back to the topic, the current decline in gold is obvious, and we need to find a suitable space to enter the market after rebounding from a high level. Today, let’s look at the 1921-1923 position above. When you arrive at this position, you can find a high point to enter the market and sell short. SELL1921~1923, SL1927, TP1910. Long orders will not be arranged for the time being, and wait for the follow-up gold to go out of the trend
FX:XAUUSD
by Short-termTaurus
Gold trend analysis Although the price of gold fell to a certain extent today to 1902, it rebounded to around 1911 in a short period of time. As the US economic data continued to support the Fed's tendency to tighten monetary policy, the gold market fell into neutral. The recent weakness may be seen as A buying opportunity as the market waits for a fresh spark to spark a broader rally. So I think the price of gold will still go up trading signal: buy 1900-1905 tp1912-1917 Share free trading signals every day, if you need, please join me
FX:XAUUSDLong
by Tony_barry
Gold: waiting for a rebound Gold has been falling below the support of 1901. Dukang still maintains a bullish thinking from low to high, and continues to hold more than 1895 orders, waiting for the US market to rise! At present, the decline in gold is over, and the daily line has fallen to the support position of the 200-day moving average. The support of the large cycle moving average is likely to be the turning point of the market! And the short-term decline fell below the 1900 position in the past two days! If you don't break, you can't stand, break the position and reverse! Before the price of gold falls below, we maintain the view of bottoming out and rebounding unchanged! Recently, the market is mainly concentrated in the US market, and there are many, relying on support and direct support! Bounce some in 1895 Strategy 1985 into long, 1992 to take profit or enter into decline
FX:XAUUSDShort
by Dylan-Jones
XAUUSD: 11/8 Today's Trading StrategyOn Friday (August 11), DXY fluctuated within a narrow range and is currently around 102.50. Affected by the lower-than-expected inflation data overnight, spot gold once rose to an intraday high of $1,930.19, but then turned around and accelerated below the $1,920 mark. The U.S. dollar index turned from falling to rising, and investors digested U.S. July inflation data , data showed that consumer prices rose slightly, but inflation remained well above the Fed's 2% target; U.S. consumer prices rose slightly in July, consolidating expectations that the Fed's interest rate hike cycle is coming to an end Yesterday, the price of gold fluctuated in a large range. The market opened at 1914.6 in the morning and the market rose first. In the beginning of the US market, it was affected by the fundamentals and quickly rose. The daily line reached the highest position at 1930.2 and then the market fell under pressure. After reaching the position of 1911.9, the market consolidated. After the daily line finally closed at the position of 1912, the daily line closed in the form of a shooting star with a very long upper shadow line. Although gold rebounded yesterday with the support of the CPI data, the overall bearish trend finally returned in vain, and it still hit a new low since this round in late trading. No change for now. From a technical point of view, yesterday’s daily line of gold received a Yinxian shooting star, indicating that the short position is corrected, the Bollinger Bands are wide open, the KDJ indicator is about to form a golden cross, the midline fluctuates widely, and the general trend is still upward. Looking at the 4-hour chart, the Bollinger Bands open wide, the KDJ indicator is about to form a golden cross, and the price fluctuates at a low level. On the daily chart, the price of gold fluctuated and fell. The dead cross of the 5-day and 10-day moving averages crossed the middle track of the Bollinger Bands downwards, and formed a short-term suppression on the price of gold. The middle track and the lower track of the Bollinger Bands turned downward, indicating that the short Occupy a short-term advantage and gradually open up the downside space, but the downside time of the lower track of the Bollinger Band is relatively short, which may limit the short-term downside space. In terms of indicators, the dead cross of KDJ and RSI indicators turned slightly upward, indicating that there is a short-term rebound opportunity for gold prices, but the dead cross of MACD indicator diverged and crossed the zero axis, and the short-term technical side has the upper hand. Today, the upper pressure of gold price focuses on 1922 and 1933 US dollars, and the lower support focuses on 1910 and 1900 US dollars. ​​​​Gold operation strategy: SELL: 1920-1923 TP1:1916 TP2:1910 Buy: 1903-1906 TP1:1909 TP2:1918
OANDA:XAUUSD
by ActuaryJ
The Gold price update for the coming weekend includes importantGold is now in a bearish trend and will find sell positions for the long term, but the confirmations are most important. Gold is now very close to its Demand zone of 1905–1895, which marked the double bottom on July 6th, 2023. Gold will give respect to their demand zone, and as per dollar analysis, the dollar will fall. In this case, gold will move some bullish. The major levels were also marked on the chart with their possible rejections. Buying zone 1906 to 1896 but if we will find some market structure changes indications like rejection in H1, M30 and Confirmations in M30, H1 also. The major zones are: 1- 1918.90 2- 1924.88 3- 1931.31 4- 1947.88 You will open buy positions, and your take profit will be at these levels in the short term. Selling zone was also the major zone marked above if market will give some indications. The marked levels were also the resistance levels in the H4 time frame. The possible trading setup is as follows: Entry Point: 1906-1894 Stop Loss: 1890 Take Profit1: 1918 Take Profit2: 1931 The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
OANDA:XAUUSDLong
by Bloom_Forex_Official
Will gold go up? The gold market has been oscillating and falling since the early trading, but we can clearly see from the market conditions that the main bullish funds are constantly intervening. Therefore, gold is very likely to rise at the lower support point and continue to form a narrow-range shock adjustment trend. For short-term trading, I suggest that you can choose to buy at 1925-1930. The target profit is 5-10 US dollars Trading Signals: GOLD: buy1925-1930 tp1935-1940 Share free trading signals every day, if you need, please join me
OANDA:XAUUSDLong
by Tony_barry
3
Gold forecast and opportunities It’s worth noting that Friday’s downbeat prints of the US Nonfarm Payrolls (NFP) joined the mixed Fed signals to trigger the US Dollar’s retreat from a multi-day high, which in turn allowed the Gold Price to recover from a multi-day-old support line. However, the weekend comments from Fed Governor Michelle Bowman appear hawkish and join the looming geopolitical fears surrounding China to exert downside pressure on the XAU/USD. Apart from that, the Gold market’s consolidation ahead of festive demand from India, one of the key customers of XAU/USD, also keeps the metal prices down ahead of the key data/events from the US. Gold buy zone 1936-1932 Target 1942 Target 1950 Target 1955 Note : wishes to traders manage thier capital well and safe - take small lot's on your account - take profit 10% of your capital -stop loss on 4% of your capital The big trader is who trade long term with tp
FOREXCOM:XAUUSDShort
by SophieFx11
1
GOLD: Gold price prediction today!Based on fundamental analysis, gold price has a very high probability of going up with NFP. But according to technical analysis, gold price is still in a falling wedge, which creates an extremely unpredictable NFP, let's wait and see what surprises gold futures will give us! Looking at multiple time frames, support and resistance zones work best in the 1900-1952 range. Let's wait and see if these 2 support-resistance zones are strong enough to stop the NFP wave this time! This is important news and a lot of risk, if you want to enter the trade pay attention to the 1952 zone!
TVC:GOLDLong
by Sphyn-Trader
3
GOLD (XAUUSD) Ahead of NFP. Your Plan: 🥇 Traders, do not forget that we are expecting the NFP release today. Depending on the figures, I see 2 potential scenarios on Gold. Bullish Scenario 1941 - 1945 is a key horizontal resistance. If the market breaks and closes above that, I will expect a bullish continuation to a major falling trend line. Bearish Scenario 1925 - 1935 is a key horizontal support that the price is approaching now. Its bearish breakout and a daily candle close below will push the prices lower. Next goal will be 1908. Wait for a breakout and the follow the market. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
3
GOLD gained 16.60% After the Last U.S. Credit DowngradeIf you haven`t purchased GOLD in the buy area: Then you need to know that Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing concerns about "a steady deterioration in standards of governance." This downgrade occurred following last-minute negotiations among lawmakers to reach a debt ceiling deal earlier this year, which posed a risk of the nation's first default. In the aftermath of a similar credit downgrade in the past, the price of Gold surged by 16.60% within one month. Standard & Poor's, one of the three major credit rating firms, downgraded U.S. debt on Aug. 5, 2011, following another significant debt ceiling battle. Currently, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022. It's worth noting that even though the mentioned price target may not be sustainable in today's market conditions, it was still worth mentioning for reference. Looking forward to read your opinion about it!
TVC:GOLDLong
by TopgOptions
2
GOLD: What happens today?Daily Digest Market Movers: Gold price declines further as economic data misses estimates Gold price drops sharply after facing selling pressure around $1,970.00 as demand for gold remains weak due to higher gold prices and interest rates. Fears of more interest rate hikes from the Federal Reserve (Fed) deepen as Chicago Fed Bank President Austan Goolsbee favors further policy tightening despite easing inflationary pressures. Meanwhile, 10-year US Treasury yields remain subdued at around 4% as inflation remains in check after soft United States core Personal Consumption Expenditure (PCE) data was released on Friday.
TVC:GOLDLong
by Sphyn-Trader
4
Gold's Reaction to Upcoming Non-Farm Payrolls Gold's Reaction to Upcoming Non-Farm Payrolls Gold trading faced headwinds on Wednesday as the U.S. dollar strengthened despite Fitch's downgrade of the U.S. credit rating to AA+ from AAA. Investors seemed unfazed and focused on positive data from the ADP National Employment report that might possibly indicate a larger-than-expected Non-Farm Payrolls report this Friday. The ADP National Employment report revealed private businesses in the US hired 324K workers in July 2023, surpassing market expectations of a189K. Fitch's decision to downgrade the U.S. credit rating was attributed to concerns about potential fiscal deterioration over the next three years and the debt ceiling crisis that was averted at the last minute a couple months ago. The impact of these developments on gold prices was evident, as it retreated for the second consecutive session, currently testing at $1,935 and might be approaching a significant technical support level at $1,930. On the flip side, if gold resumes its rebound, it may encounter initial resistance around $1,942, followed by the psychologically important $1,950 mark.
BLACKBULL:XAUUSD
by BlackBull_Markets