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Gold : Intraweek Technical AnalysisGold made stayed in a rangebound zone in the start of the week and then broke the support of 1700 and went all the way till 1660. Gold is highly oversold In this range. My idea is to accumulate gold from this zone with initial selling target of 1800. Only long term entries can be made from this level. For short term trading one should wait before interest rate announcement of the USa on 21st of September. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
OANDA:XAUUSDLong
by JBShark
GOLD (XAUUSD): Your Detailed Technical Outlook 🥇 Hey traders, Important decision is ahead on Gold. The price reached a lower boundary of a horizontal trading range on a monthly time frame. Depending on the reaction of the price to that structure, I see 2 potential scenarios. If the price breaks and closes below the support of the range, I will expect a bearish wave to much lower levels. The closest support will be 1500. Analyzing a weekly time frame, I spotted a falling parallel channel. If the price breaks and closes above its resistance, I will expect a bullish move. The next goal for buyers will be 1800 then. Wait for a breakout, traders, that is the best strategy to follow now. Be very careful! What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
13
Gold trend 16/09Gold cleared the 1680 major support yesterday. The market opened near 1697, and the price had already sunk below 1690(1) early in the Asian session. Before the US session got active, it bounced between 1685-90. Once it cleared the critical support supprot later in the US session, the price went to a new 2-year low near 1660. The day ended at 1664, down by USD 32. Gold finally escaped the 1690-1730(3) range yesterday, with an initial expectation of a 1:1 movement; the following trading range should be between 1650-90(3). The S-T trend will remain downward unless the price can jump above the S-T resistance line(2) that we mentioned yesterday. The S-T downside target can be set at 1650 for now. The overall structure shifted from previously sideway to downward for now, as it is the first time in 2 years that the gold price closed below 1695. Expect the price to stay bearish until the US Fed. Meeting next week. Unless the price can climb above 1700 in the next 2-3 weeks, a double-top pattern(4) in the weekly chart will be formed. The price is currently running in Wave 5(5), expecting the bottom to occur around the US Fed. Meeting. S-T Resistances: 1780 1670 1665 Market price: 1660 S-T Supports: 1650-52 1645 1640 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
1
Gold Trend 15/09Gold cleared the 1700 support yesterday. The day began at 1791. The trading was relatively stable during the Asian and European sessions, within the tight range of 1700-07. The price cleared the 1700(1) support late in the US session, pushing the price to the day-low near 1693. The day ended at 1696, down slightly by USD 4. The market has been quiet since the rapid drop after the US CPIs the day before. An S-T resistance line(2)has been formed in the 1-hour chart in the past 24 hours; gold needs to clear the 1690 support in the European session today. Otherwise, the price will jump back above the downward trendline(2), triggering a new round of buying. If the price breaks the resistance line(2), the S-T upside target can be set at yesterday's high of 1707. On the other hand, 1680 remains the critical support. The structure hasn't changed much in the daily chart; the price remains in the 1690-1730(4) range. It will be ready to move below 1680 if the price closes below 1695. S-T Resistances: 1705-07 1700 1697 Market price: 1692 S-T Supports: 1690 1685 1680 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
Sell into the previous support on Gold.Gold - Intraday - We look to Sell at 1713.15 (stop at 1726.30) Following yesterday's bearish candle, the overall trend lower looks set to continue today. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Resistance is located at 1713.50 and should cap gains to this area. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our profit targets will be 1679.91 and 1670.00 Resistance: 1713.50 / 1760.00 / 1800.00 Support: 1680.00 / 1600.00 / 1350.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
Gold Trend 14/09Gold pulled back near the 1-week high yesterday. The day began at 1724. and the price was bounded by 1720-30 during the early Asian and European sessions. Once the US released its inflation figures, the price broke out from the uptrend channel(1) and dipped to the day low near 1697. The day eventually ended at 1701, down by USD 23. Although gold fell more than USD 20 yesterday, it still maintains its position within the 1700-30(2) range in the 1-hour chart. If an S-T rebound began in early trading, the upside target could be set at 1709(3). The selling has yet to show signs of slowing down on the daily chart. The price may test again at the bottom of the range(4) near 1690, later in the European or the US trading sessions. S-T Resistance: 1720 1715 1709-10 Market price: 1700 S-T Supports: 1697 1690 1680 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
Gold : Intraday Technical AnalysisThe yellow metal is in a choppy trend for the past few days with a high of 1730 with minor breakouts to 1735 and a low of 1700 with breakdowns to 1690. My idea for today is that gold will test its support zone of 1705 to 1690 from where it will make a rally towards 1730 and 1750. The support of 1720 is also playing a key role as it is lying in the golden zone on intraday time frames. My target is entry after confirmation of support at 1700-1705 with an intraday target of 1730 and swing target of 1750. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
OANDA:XAUUSDLong
by JBShark
Gold : Intraweek Technical AnalysisThe Gold tested the support of 1700 multiple times in past two week. The next hurdle which is stopping the gold from making a proper upside move is the FED interest rate announcement at the end of this month. If the interest rate is as per the market expectations then we can see an upside rally towards 1800. Currently gold is in a rangebound zone of 1700 to 1730. My idea for next week is to take long positions around 1700 with target of 1720 and 1725. Aggressive traders can take both long and short positions at 1700 and 1725 after confirmation of rejection of support and resistance levels. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
OANDA:XAUUSDLong
by JBShark