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XauUsd Fed's Rate Decision | Will it retest or drop below 1915Last week 1915 was a decisive resistance for price to reach 1990. Upcoming Fed Decision, Will it retest 1915 support or will it trade below 1915? Upcoming Fed Rate Decision, I am confident Fed will rise Interest rate despite having a dilemma like SVB. However, it pausible Fed will stop interest rate at 5% IF inflation rate in bearish momentum. This is based on my personal opinion. Recent date show Inflation rate is at 6.04%. It was peak at 9.06% in June 2022. Drop 3.02% in 8 month. We will expect another 8 months or less until inflation lowered to 2% or 3%.
TVC:GOLDLong
by Khairi_RL
How should gold be traded tomorrow? On Friday, gold rose directly by more than $70 during the US trading session, closing around $1990, from its position around $1920 earlier in the day. During the US trading period, global stock indices fell across the board, with European and American stock markets experiencing continued declines. As a result, a large amount of safe-haven funds entered the gold market, ultimately leading to gold being the only asset that rose significantly. This has become the first "black swan" event since 2023. Gold rose significantly in the first period due to a surge in safe-haven buying, starting from $1810 and closing at $1870. The second period of the rise began this week from $1870 and rose by nearly $200, which exceeded expectations. Many people thought that it had reached its peak, but it continued to break new highs. All of this is due to the market's chain reaction caused by the European and American banking crisis. Judging from the 4-hour chart, gold is not overbought, but the price is much higher than the moving average, indicating that it needs to be adjusted. Meanwhile, the 20-period SMA has gained upward momentum, breaking above the 100-period SMA, which also edged higher. Overall, it is recommended to be bullish on gold on Monday, but not to chase the rise. Theoretical bulls are near the 1960 support, which is expected to be difficult to reach. It is safer to short near 2000, and it may be seen that it will open flat or slightly higher on Monday. Take profit can be set around 1975. It is not to say that if the price rises too much, it must be the highest point, and if it is bullish, it will blindly chase the rise. It's not that the deeper you fall, it must be the lowest position.There is no market that only goes up but not down, and there is no market that only goes down but not up. If you blindly grasp the top and bottom and trade without careful consideration, you will suffer heavy losses. Trading requires flexibility to respond to changes in market direction. If the market direction changes, you need to adjust your thinking quickly. Because prices are determined by the market, not by our forecasts. What we need to do is do our trading well. When the market reached 1930 last week, the position had passed the previous high. Many friends predicted that this was the top, so they started shorting gold. I also tried shorting around 1930, some took profits around 1918, and some stopped losses when the resistance of 1933 was broken. After the stop loss, I started to go long, and took a profit around 1948. When it rose to the previous high of 1958, I shorted it again. As a result, it directly pulled up and broke through. When the resistance level in 1960 was broken, I stopped the loss. After the stop loss, I chose to go long again, and took a profit around 1975, which shows that there is no problem with the transaction itself. What matters is how we deal with our mistakes. Traders, if you like my sharing, please follow me, I will share more trading strategies and trading knowledge to better help you make profits in trading!
FXOPEN:XAUUSD
by EagleEyeStrategy
2
GOLD -21/03/2023-• Gold is soaring as demand for safe haven is rising amid banks turmoil and fear of recession • Bullish trend dominating but tough resistance is near • First resistance is 2000 round number • Second resistance is the 2070 previous high which was rejected twice • Are we gonna be in a triple top scenario and reverse lower again or make a new high ? • From a risk reward point of view, it is more rewarding to go short at this level with a stop above 2000-2070 and place a long pending order above 2070
TVC:GOLDLong
by RamziAbouAbdallah-CMT
GOLD TRIPLE TOP - WAR END?All eyes are on Chinese President Xi Jinping’s state visit to Russia that begins on Monday. During the three-day visit, the leaders of the two nations will discuss the deepening of economic and political cooperation as well as the war in Ukraine. If this meeting tends to reach a diplomatic solution to end Russia-Ukraine war then Gold will see a massive sell-off. Also, FED is very likely to add a 25BPS to reach 5% interest rate, kinda expected but it brings more pain to markets. I will keep updating this, follow to get alerts 🔔
OANDA:XAUUSDShort
by dogofwallstreets
🥇Gold🥇 Analyze [Road map!!!🗺️(02/07/2023)]Hi everyone, today I want to show you the 🗺️Gold road map🗺️ maybe you can find the 😱treasure map😱 in my chart. If you would like a good view of Gold on a weekly time frame, I suggest you take a look at my July 3, 2022, Gold road map post. After watching this post, you will be surprised how beautifully Fibonacci price and time zones worked correctly✅.👇 ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Better to go back to the present😊; Gold seems to have found the end of the main wave 3 above the ascending channel and is now completing the main wave 4 since the structure of the main wave 2 was a Price correction, so I expect It is most likely that the correction of the main wave 4 happens in ⏰ Time ⏰, also it is most likely that the structure of the microwaves of the main wave 4 is zigzag(ABC/5-3-5). I marked the end of the main wave 4 on my chart with the yellow zone. Gold Analyze ( XAUUSD ), 8-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSD
by pejman_zwin
6
Gold wave structure breakdownSince Nov,22 GOLD has been running upward like rabbit getting everyone's attention. But these big hops are not going to last much longer, and eventually the rabbit is going to go down to its black hole in ground. The market always completes its cycle, and let me break the bad news, the cycle is not over yet. The chart shows my main wave structure on Gold. The most recent downward wave A consisted of 5 wave structure indicating the correction is most likely gonna be a zig-zag. The breaking of this fractal of wave 4 ending point shown in the chart below was the confirm that no matter how high we go afterwards, the damage has been done and correction has started. The swift selling at the end of last week can be an indication that wave B has ended, but it cannot be said with certainty for now since there is always room for opposite move even when you are certain there is none. 0.5 fib level seems like a good zone for the price to rebound by the end of year, otherwise 0.618 fib level also has good structure support to push the rabbit out of its hole towards the sky.
OANDA:XAUUSDShort
by syedhamza2135
Gold has broken resistance line and can continue to move upHello traders, I want share with you my opinion about Gold . Watching the graph, we can see how the Gold has tested the resistance area 1855-1860, from which it bounced and fall to the buyer zone. After the buyer zone retest, the price begin to move up and broke through the resistance level 1820. Currently, the price has broken through the resistance line and is trading above. Gold can continue to rise and break through the next resistance level . I think the price after a possible breakdown of the resistance at level 1845 can continue to move up and reach the resistance area . Based on the above data, targets for Gold , I see at level 1845 and inside area 1856-1860. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
12
Gold break support area of wedge and can contonue to fallHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price of Gold has been declining for a long time in the downward trend. Reaching the level of 1805 price bounced back and begin to rise. After breaking through the resistance level 1830, Gold continue to rise and thus formed an upward wedge. The price tested the seller zone, from which it begin to decline and broke through the support area of wedge. We can see the Gold leaving the wedge and I think the price may continue to fall so, I set 2 goals at the level 1840 and support level 1830. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
14
GOLD - Good Opportunity Hi, this is my new update for GOLD. In the month of February gold lost 8% of its value, but I think that was a healthy correction to get a bullish momentum in March. We tested big support level around 1800 - 1820$ and the same time we also tested 50 and 100 weeks moving averages and those levels helped us to get big bounce and break the down trendline channel. Right now we are going to test both the resistance 1858 - 1864$ and the 50 days moving average. I expect we are going to get a temporary pullback from the resistance and perhaps it is going to be the last accumulation for the traders and after that we are going to break those levels. It has higher probability that we are going up, since we have two beautiful gaps that we have to fill.
TVC:GOLDLong
by GOAT1375
Gold after retest support level can start to growHello traders, I want share with you my opinion about Gold. When observing the graph, you can see how the price fall for a long time and as a result formed a downward wedge. The price of Gold subsequently broke through the resistance line of wedge and begin to move uphill. Currently, the price is above the support level 1820, but can go lower and test it. After a possible retest of the support level, the price can continue to move uphill. I think Gold can break through the resistance area and continue to grow. So, I see targets for Gold in the resistance area 1845-1855 and in the seller zone of 1875-1890. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
14