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GOLD (XAUUSD): 2 Scenarios For Next Week Explained🥇 Hey traders, Analyzing a price action on a daily time frame, I see 2 potential scenarios for Gold for next week. Bearish Scenario From a sellers' perspective, the price formed a rising wedge pattern. Its support breakout (daily candle close below) will be a strong bearish signal. I will expect a bearish movement at least to 1788 then. Bullish Scenarios From a buyers' perspective, however, I see a classic ascending triangle. 1817 - 1833 is its neckline. If the price breaks and closes above that on a daily, a bullish continuation will be expected. Next goal will be 1860. Wait for a breakout, that will clarify the future direction of the market. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
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OANDA:XAUUSDShort
by VasilyTrader
34
Gold (XAUUSD): Before The Market Closes 🟡 The last update for Gold before Christmas! As I told you many times: the price is stuck on a key weekly structure. The price formed 2 doji candles on that, signifying the weakness of bulls. Analysing the price action on a daily, we may spot a sharp bullish impulse that initiated in November. However, closer the market was to the underlined resistance, slower it became. The price formed a rising wedge pattern, approaching that resistance. Yesterday, gold has nicely retraced from that, setting an equal high. While the market remains weak, I believe that the price will keep trading within the boundaries of the wedge. You can consider scalping its boundaries, or you can wait for a bearish breakout of its support (daily candle close below) to short. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
12
20 Reason for buy Gold right now 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Super bullish 2 📆Monthly: the current trend is bear, but the market is in the corrective phase right now 3 📅Weekly: formed an inducement right now market in their sideways phase 4 🕛Daily: A clean bull trend with the proper formation and previous supports 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: elite correction wave 7: 3 Volume: bullish control 8: 4 Momentum UNCONVENTIONAL Rsi: sideways, yet we just need close above 60; then next move will confirm 9: 5 Volatility measure Bollinger bands: middle band support on the bullish side 10: 6 Strength ADX: bull are in strength 11: 7 Sentiment ROC: gold is stronger then USD ✔️ Entry Time Frame: h4 12: Entry TF Structure: bullish 13: entry move: impulse 14: Support resistance base: 2 times supported at daily OB 15: FIB: trigger event occurred ☑️ final comments: FVG filled out so we can buy now 16: 💡decision: buy 17: 🚀Entry:1801 18: ✋Stop losel: 1783 19: 🎯Take profit:1900 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration : 3 months there are many other reason also
OANDA:XAUUSDLong
by Optimum369
FOMC Rates Decision and the Effect on Gold**Repost from Dec 13th 2022 since the original post disappeared** Economic indicators from the past month indicate that the price of services is the key factor that helps prevent a rapid decline in inflation , although the price of goods had already dropped considerably and the labor market remained strong, showing no signs of slowing down the inflation rate. ECONOMICS:USCPMI In the graph above, one of the key economic indicators, the ISM Service Sector Index for the month of November, accelerated to 56.5, above the forecasted rate of 53.5 and the previous month's level of 54.4. Despite the rise in interest rates from the FED, the ISM indicated that the services sector is still going strong, correlating with the positive outcome in labor market data. FOMC Rates Decision 15 December 2022 Previous = 3.75-4.00% - Prediction from Bloomberg, OE, Forex Factory, Trading Economics = 4.25-4.50% Bloomberg, Oxford Economics, the Forex Factory, and Trading Economics predict that the Federal Reserve's interest rate will rise by 0.50%. The market forecast for the highest interest rate as of December 9, 2022 is 4.75-5.00% in May 2023, with a gradual decrease beginning in the third quarter of 2023. However, because the services sector has been performing well, the FED's interest rate cut may come later than expected by the market. Thus, from a fundamental standpoint, the USD is expected to continue appreciating, albeit not as strongly as in recent months. On the other hand, the gold price is expected to fall.
ECONOMICS:USNMPMIShort
by ChartTrail
🥇Gold🥇 Analyze (Short term, 12/15/2022)!!!Gold completed the rising wedge pattern on the resistance zone. Gold was able to break the lower line of the rising wedge pattern with a red candle with a long body. I expect Gold will go down at least until the support zone. Gold Analyze ( XAUUSD ), Timeframe 2H⏰. 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:XAUUSDShort
by pejman_zwin
13