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Gold Trend 17/08Gold stayed in a tight range yesterday. The day began at 1778; throughout the trading day, the price traded between 1770-75 after it touched the day-high early in the Asian session. The market was quiet, with the day ending at 1775. The bearish move slowed down yesterday, and the price now supports at 1770-73. Await for the Fed. Minutes, expect the price to remain in the 1770-85 tight range today. Gold is now settling below the 1780-87 resistance zone. The trend stays bearish for now, with the downside target remaining at 1758(4) & the 20-day MA(5). S-T Resistances: 1790-94 1785 1780 Market price: 1775 S-T Supports: 1775-73 1770 1765 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 (XAUUSD): Detailed Technical Outlook 🥇 Hey traders, Gold closed within a major horizontal weekly structure resistance again. Analyzing an intraday perspective, I spotted a rising wedge on 12H time frame. The price nicely bounced from its support on Friday. To catch a correctional move from the underlined structure, wait for a bearish breakout of a wedge's support. It will trigger a bearish move at least to 1775. Alternatively, weekly candle close above a yellow area will trigger a bullish continuation. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
8
Gold, with some strength!All short trades are closed, with the anticipation that the asset will regain some strength. Although we did make some good returns from our previous pessimistic outlook, current price movement has not played out exactly as we had hoped, necessitating the need to give alternate scenarios greater weight. Locally, an upward movement is the path of least resistance since the price only partially descended within the falling channel as depicted on the chart. Goals: 1794, 1801, and 1810 Entry 1787 and for placing SL, see the chart. Heed your DD! Nothing is set in stone; always, the market rules! Happy trading!
OANDA:XAUUSDLong
by FroggyFX
GOLD (XAUUSD): Technical Outlook For Today🥇 Quick update for Gold: We have spotted earlier a major weekly structure resistance that the price is approaching at the moment. Analyzing intraday time frame, we see that the market is steadily growing within a rising parallel channel. While the price is staying within, the market remains bullish. Bearish breakout of a support of the channel will trigger a correctional movement. Bullish breakout of a weekly resistance will trigger a bullish continuation. For now, the best strategy is to wait! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
Gold Trend 11/08Gold was once again rejected by 1800 yesterday. The day began at 1794; the price has consolidation toward the day-low near 1794 before the buying picked up again. The price has reached the day-high near 1807 after the US released its inflation figures, however, buying failed to carry on. The day eventually ended at 1791, down slightly by USD 3. The upward momentum has slowed down in the past 48 hours, and the resistance above 1800 is still relatively strong. Early in the Asian session today, gold left the uptrend channel(1) in the 1-hour chart, officially ending the uptrend that originated on July 21st from 1680. Until the next trend is formed, expect the price to trade in the 1773-1800 range-bound. Meanwhile, gold has escaped the daily chart's downtrend channel(5). Entering a period of range-bound or consolidation, the buying around 1780-87 still supports the market. In the next two trading days, it will be the first sign of the price turning downward if the price close below 1780 on the daily chart. S-T Resistances: 1800 1795 1790 Market price: 1789 S-T Supports: 1780 1770-73 1765 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 Trend 09/08 - 12/08Gold rebounded USD 14 yesterday. Back from the weekend, the market opened at 1774, and the price has traded mainly between 1770-80 throughout the Asian & European sessions. As the trading hours approached the US session, the price cleared the resistance at 1780 and jumped to the day-high at 1790. The day ended at 1788. In the 1-hour chart, gold is still maintaining its path within the uptrend channel(1); however, the buying above 1790 has been weak since the US employment figures last Fri. An S-T resistance line(2) has formed in the past 24 hours; if the price clears the selling resistance from the line, the price should be able to reach 1800. On the other hand, if the price fails to stand above 1790 in the next 24 hours, gold may naturally escape the current uptrend channel, triggering a round of consolidation. The rally yesterday has led gold to test the resistance of the downtrend channel(3) again, continued to tangle by the 1780-87 resistance zone. Notice that if the price stays above 1780, it will escape the downtrend channel(3), ending the bearish trend. S-T Resistances: 1800 1795 1790 Market price: 1785 S-T Supports: 1780 1770-73 1765 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
2022/8/10 15:30 XAU/USD analysePivot Point: 1794 Currently: Resisted at 1783 and retraced back to 1775 Reaction: Consolidating at this 1799 level , its next support zone is at 1808 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
TVC:GOLDShort
by idealcase
GOLD is in buy zone!!GOLD ( 4H ) has created strong bullish price action. The price has just broken out of weekly resistance and has formed a Doji ( Middle man ). There is another confluence for GOLD to rise is that the price has made a fake breakdown previously and created a double bottom and started the move in the direction of the trend, which is basically liquidity grabbing. A buying opportunity from the support shown in the image. Thank you for visiting the idea. Press the like button if you find value in it :)
TVC:GOLDLong
by ForexWizard01