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Bitcoin, GOLD, and SLV Rose Sharply from Israel-Hamas WarCommodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. GOLD had a bullish bounce off the light blue trend line at $1,808 on Friday October 6 (marked by the orange circle). The Israel-Hamas conflict started on Saturday, and on Monday GOLD opened with very bullish price action that started the rally. Key Price Levels: GOLD has breached a key $1,989 yellow resistance level on this move up, and $2,073 is the next key resistance target if GOLD continues to trend upwards. The $1,989 resistance level has been suppressing GOLD's price since May 2023, and GOLD managed to finally breach this level in just a few weeks. It seems that the war is contributing to bullish price action for GOLD, SLV, and Bitcoin.
TVC:GOLD
by realchartchamp
XAUUSD:20/10 Today’s Trading StrategyDuring the Asian trading session on Monday, gold opened at 1964.81 after opening sharply lower at about $15. Last Friday, gold prices closed at 1980.24. However, the rebound in gold prices was blocked after a sharp gap and opened low, hitting a low of 1964.23. Regarding the trend of the gold market, we can see that the price of gold fell significantly in Monday's trading. This decline is related to concerns about the global economic recovery and declining investor demand for safe-haven assets. In addition, the recent uncertainty of the domestic political situation in the United States has also had a certain impact on the trend of gold. Gold opened lower today and showed a downward trend, stabilizing and fluctuating after hitting $1,964. A small Yang line with an upper shadow line appeared at the daily level, and gold broke through upward for five consecutive days, starting a new upward trend. Gold is looking for support after today's lower open. From a four-hour perspective, gold is currently running in a strong upward channel. After breaking through the high of $1964 for the first time last Wednesday, gold experienced a correction and subsequently broke through to the high of 1997. The original resistance level was converted into a support level. The starting point below 1950 is also a relatively strong support level. Therefore, in terms of intraday operations, it is recommended to consider placing long orders as the main option during the retracement and short orders as the supplement. At the bottom, we need to pay attention to the support level of 1964-1950. If the stop loss of 1964 breaks downward, then the bottom can continue to increase near 1950. The top needs to pay attention to the break of 1997. If this position is broken, then 2000 will definitely form a short-term support, and it will continue to rise. Break through the 2020 position. SELL:1982-1984 SL:1889 TP1:1976 TP2:1970 BUY:1964-1966 SL:1960 TP1:1972 TP2:1978
OANDA:XAUUSD
by ActuaryJ
🛑Will gold fall again?🛑🔔As geopolitical issues escalate, gold and oil have experienced a very short period of alarming growth! 🛑At the same time, the prospect of the U.S. Federal Reserve keeping interest rates on hold further accelerates gold's rise... 🛑Inflation in the United States remained relatively stable and inflation excluding fuel and food fell in line with forecasts, bringing the central bank's policy forecast to 89.1%. 🔔Speculation that the U.S. Federal Reserve may leave interest rates unchanged in November could push gold even higher. 🔔MAYBE NEW ALL TIME HIGH?🔔
OANDA:XAUUSDLong
by BullishTraders88
6
GOLD : New week GOLD New forecast Gold achieved with us all the downward targets mentioned in my analyzes last week, and I mentioned that the movement would be strong to contradict the general downward channel, and this is what actually happened, so prices fell to the price equilibrium levels for gold, which extend from levels to 1845. Last week, gold formed a weekly peak at the 1927 level, and gold breaking the 1916 level facilitated the downward path for gold to form a weekly bottom at the 1846 level. As for the basic level: 1- The US dollar after the green light from the Federal Reserve on the possibility of raising the interest rate in the coming months of the current year, and the data supporting its rise against metals and other currencies. 2- A record rise in the rate of most US Treasury bond futures, which is considered a graveyard for gold. 3- The rise in oil prices this month and the US stockpile is days away from running out. (Will we witness a rise in prices if the US government decides to buy oil at current prices? This will inevitably lead to a rise in the inflation rate and thus a definite rise in the US interest rate) We have important news this week ISM Manufacturing PMI (September) Federal Reserve Chairman Powell speaks Job Opportunities (JOLTs) (August) Unemployment complaints rates Private sector employment report (September) Unemployment rate (September) Technical abstract : In the 4H time frame The price of gold continued to decline, breaking the 1873 level and closing the daily candle below it, as it succeeded in touching our new expected target at 1845. We expect the decline to continue once the 1845 level is broken and stabilize below it to achieve additional negative targets starting at 1825 and extending to 1810. Therefore, the downward trend will remain valid and effective for the coming period, supported by the negative pressure formed by the downward channel and the strength of the dollar during this period, keeping in mind that breaching 1873 will stop the expected decline and lead the price to begin recovery attempts in the immediate term. in the weekly time frame As we see the price formed a strong support zone at 1800 - 1810 ,so we expect the price will try to touch it and then will bounces from that area and build a positive momentum to rise up and and reach to 1873 to coming out from under negative pressure ,keeping in mind that breaching 1800 the price will be continue at the bearish trend until 1772. support line : 1810 , 1800 resistance line : 1873 , 1894 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSD
by Arazmajeed
4
GOLD forecast 18June2023I have two options for analyzing the movement of GOLD. The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area. Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded positively, then the price should go back down. sometimes we are placed in several choices, when this happens we should still wait for confirmation in the form of patterns, candles or maybe indicators, after there is confirmation we can react better.
OANDA:XAUUSD
by Hokusai_FX
GOLD broke down from daily trend lineWe have 2 important breakdowns on daily chart. #1 Bearish flag breakdown, Technical target of that is $1774.74 #2 Ascending trend line break down, Technical target of that is $1795.92 Price is trying to breakdown from golden ratio level 0.618 which IF breaks down then most likely are going sub $1800 levels. GOLD seems very bearish for mid-term because on daily structure is changing from higher highs/higher lows to lower highs and lower lows which suggests that gold trend is shifting from bullish to bearish. Please like and comment if you agree.
FX:XAUUSDShort
by NasirCrypto
2
Gold forecast and idea UPDATE!✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
FOREXCOM:XAUUSDLong
by Arash-RK
Gold analysis and signal🧐No comment! Everything is visible in the chart! ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
OANDA:XAUUSDShort
by Arash-RK