LONG GOLDOANDA:XAUUSD Has broken the bearish trendline. At this point am expecting the price to go higher towards 1830 - 1850 level. Use proper money management
Longxauusd
MAPPING XAUUSDIn my opinion the position of the gold price at the moment is in the ideal area of wave 4 impulse as part of the bigger wave V. The risk is below 1617.75. If the price maintains above the level of 1617.75, it is possible to reach new highs as the target of wave V.
Gold Forecast (April 5, 2021): Wait to BUY againGold Weekly Chart
Gold had a long-term uptrend (for 2 years) and the medium-term downward adjustment (for 8 months). From this price range, I make my forecast - "Gold" will create the bottom then go up. Nice price for us to BUY and Hold is 1678.
If the price does not collapse strongly or decisively through this price range, the above forecasts will not change.
Daily chart
The overview direction that I predict is to return to the 177x - 178x (The confluence of downward trend and previous Resistance zone).
4h chart: 2 scenarios
Scenario 1: Strong adjustment and rebound
The price will fall again, back to 170x and bounce back.
Scenario 2: Going sideways to accumulate the power and bounce back.
That means it would still move sideways in the 172x zone, then rise up.
GOLD LONGWith an overall bullish trend, this looks like a good opportunity to buy some gold !! This juicy pullback to the 4h trendline looks like a good entry point. It has been pulling back to the 50% fib level after every swing up on the hourly chart, and is at the 50% level now.
Good luck :)
long xauusdthis zone is fibonacci cluster of 38% ret and 100% exp
trend is still bullish, divergence target in daily timeframe is completed
long xauusd without any hesitation
Xauusd Up Up UpXauusd bouncing of daily channel we could see 2100 very soon
Price has been consolidating formimg this symmetrical triangle for a while now its time for a long hold on gold
XAUUSD 01/10/2019Heading for Wave 5 / (V) / Y / B. Then down it goes.
Share your thoughts and observation in comments session :)
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
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XAUUSD SHORT TERM LONG.WEEKLY DOWNGold digger this is the setup we are playing in gold for the next week.
This long is with a very easy stop and good Risk to Reward.
Will be looking for shorts on that if it goes back to
XAUUSD Falling wedge, C&H, short-mid && long analysisGeneral consensus on XAUUSD as backed by BB, KC, Volume, Fibo, the apparant falling wedge and consolidation then leading to what is now a clear cup and handle making a target short for XAUUSD apparant with also a mod-long term position in sight depending on your entry and position of course. [
Clearly investors are shaken up as a reversal on $GLD would usually indicate a lack of consumer confidence though it is clearly too soon to make such a distinction.
Targets for short, long && stop are present along with other indicators. DISCLAIMER: do not take this as investment / financial advise and make your own decisions when investing in anything: beit wallst or a dex (though clearly more volatile) investing comes with risk no matter what it is and you should always heed caution when doing so
XAU/USD 4H long opportunity we have several technical
reason for long buy gold
from 1282.15 - 1280
TP1 :1294.50
TP2 :1302.00
TP3 :1310.00
STOP LOSE : 1274
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >
Buy angle mirror Gold (XAUUSD)findedVery strong level - 1274-1277
I tried to sell and buy at this level several times
But now i finded buy angle mirror pattern. So buying Gold NOW.
When you see this idea - it maybe too late to enter the market. I already enter.
Open buy order on XAUUSD - 1277
SL - 1272.8
TP - 1310
RRR - 1:7.5
Gold Investor Looking Next month US election (Gold Rally)XAUUSD Technical Overview:
Pivot: 1186.50
Key Resistance: 1191.20 - 1194.56 - 1198.45 - 1202.29
Key Support: 1186.49 - 1184.58 - 1181.78 - 1178.20
Day Trading Range: 1178 - 1200
Technical Indicator:
RSI: The RSI having mixed bullish divergence.
Moving Average: SMA 100(1197.45) & SMA 200(1194.50) strong resistance for Gold today..
Technical Trade Idea:
Most Likely Scenario: long positions above 1186.50 with targets at 1194.50 & 1202.20 in extension.
Alternative scenario: below 1186.50 look for further downside with 1182.45 & 1179.30 as targets.
Overall, The trading week kicked off with a panicked sell-off in Chinese equities which simply expresses growing fears in financial markets. Rising U.S. and global interest rates, a stronger U.S. dollar, slowing economic activity, and of course, tense U.S.-China relations have all attributed to the nervous market environment. The cut of the Reserve Ratio Requirement from PBOC to boost credit did little to help appetite, in a sign that more action needs to be taken to avoid a hard landing. While we think that China still has a lot of monetary and fiscal tools to cushion a slowdown to its economy, investors need to see the domestic picture improving before seeing a significant rally in its equity markets.
There are quite a few variables influencing the price action which leads me to believe we’re more likely to remain in a range over the near-term. One event that nobody seems to be talking about is the U.S. November elections.
Traders are saying that today’s early session strength is being fueled by safe-haven bids from risk-averse investors. The buying could be coming from Asia where stocks are under pressure again. Furthermore, renewed concerns over a potential slowdown in China’s economic growth as well as an easing U.S. Dollar could be underpinning the market.
If it’s being viewed as an investment then investors will have a difficult time generating enough upside momentum to trigger a breakout through the resistance because of the rising interest rate environment in the United States. This helps support the U.S. Dollar which leads to lower foreign demand for dollar-denominated gold.
If gold starts to take on the identity of a safe-haven asset then demand will have to increase enough to drive out the net short hedge and commodity funds. Only then can we see a bona fide breakout to the upside.
There are quite a few variables influencing the price action which leads me to believe we’re more likely to remain in a range over the near-term. One event that nobody seems to be talking about is the U.S. November elections.
Thanks
YoCryptoManic
Gold Investor fearing from today's NFP DataXAUUSD Technical Overview:
Pivot: 1205.45 (1198.40)
Key Resistance: 1200.20 - 1202.55 - 1205.45 - 1207.23
Key Support: 1197.75 - 1195.25 - 1191.86 - 1188.44
Technical Indicator:
RSI: Indicator shows mixed bearish trend.
Moving Average: SMA 55 (1200.35) strong resistance & SMA 100(1197.28), SMA 200(1195.45) strong support for Gold today.
Technical Trade Idea:
Most Likely Scenario: short positions below 1205.45 with targets at 1195.25 & 1188.44 in extension.
Alternative scenario: Long above 1205.50 look for further upside with 1207.23 & 1210.55 as targets.
Overall, In the absence of any convincing, clear-cut catalyst the markets have been in consolidation mode. Cleary the markets are attaching a whole lot of significance to tonight’s NFP print as the markets have remained range bound as trader know the outcome of tonight’s data can significantly shape the market’s rate hike expectations and the near-term outlook for the USD. So indeed, there a lot riding on tonight employment data. Failing any USD surprises, expect current tight ranges to persist ahead of tonight’s data.
Volume and volatility are light after three days of heightened activity earlier this week. The market has held up considerably well this week in the wake of a stronger U.S. Dollar and rapidly rising U.S. Treasury yields. Perhaps the market is being underpinned by speculators betting the Fed will lose control of inflation.The direction of the market today is likely to be determined by trader reaction to the U.S. Non-Farm Payrolls report, due to be released at 1230 GMT.
Thanks
YoCryptoManic
Gold looking for commentary on monetary policy todayFX_IDC:XAUUSD
Technical Overview:
Pivot: 1202.20 (CMP 1199)
Key Resistance: 1200.10 - 1203.45 - 1207.66 - 1210.20
Key Support: 1196.35 - 1193.79 - 1191.55 - 1189.25
Technical Indicator:
Moving Average: SMA 55 (1199.66) strong resistance & SMA 100(1194.48) & SMA 200(1195.36) strong support today for Gold. According to high volume moving indicator shows upside bias.
RSI: The indicator shows downside momentum, moving around 50 level.
Technical Trade Idea:
Most Likely Scenario: short positions below 1202.20 with targets at 1194.55 & 1189.25 in extension.
Alternative scenario: above 1202.20 look for further upside with 1205.20 & 1208.55 as targets.
Overall,Two factors likely contributed to the market’s weakness on Wednesday. Firstly, an easing of tensions between Italy and the European Union encouraged investors to dump their safe-haven long positions. Secondly, a soaring U.S. Dollar pressured foreign demand for dollar-denominated gold.
The U.S. Dollar was supported early in the session on Wednesday after the ADP National Employment Report showed private payrolls jumped by 230,000 jobs in September, posting its largest gain since February.
Shortly after the release of the jobs data, the greenback extended its gains after the Institute for Supply Management’s (ISM) non-manufacturing activity index jumped 3.1 points to 61.6 last month, the highest reading since August 1997.
Fed Chair Jerome Powell also made supportive comments. He added to the bullish tone for the U.S. Dollar when he said on Wednesday that the central bank may raise interest rates above an estimated “neutral” setting as the “remarkably positive” U.S. economy continues to grow.
In other news, tensions eased in Europe on Wednesday on reports that Italy plans to reduce its budget deficit over the next three years.
While the long-term view remains bearish because of the hawkish Fed, gold does remain vulnerable to short-term upswings if the situation between Italy and the European Union escalates.
In the U.S. on Thursday, investors will get the opportunity to react to three more economic reports and a speech from a U.S. FOMC member.
FOMC Member Randal Quarles is also scheduled to speak. Investors will be looking for commentary on monetary policy especially his opinion on inflation and the labor market. He may also offer his opinion on the pace of future interest rate hikes.
Thanks
YoCryptoManic
Gold move under $1205.90 will signal the presence of sellersXAUUSD Technical Overview:
Pivot: 1201.20
Key Support: 1200.10 - 1198.45 - 1194.89 - 1191.23
Key Resistance: 1205.45 - 1207.55 - 1210.85 - 1214.75
Technical Indicator:
RSI: The indicator having bearish divergence.
Moving Average: SMA 55(1194.55) SMA 100(1191.75) & SMA 200(1195.78) strong support for Gold today.
Technical Trade View:
Most Likely Scenario: long @ 1206.10 with targets @ 1211.00 & 1217.00 in extension.
Alternative scenario: below 1201.30 look for further downside with 1197.50 & 1194.00 as targets.
Overall, Gold prices have been aggressively rallying overnight. Rather odd that the USD is not leading this move that has triggered a significant and very convincing short squeeze. Remember that according to CFTC data GOLD speculative net positioning increased to its highest since December 2001 as prices declined for a sixth straight month in September. Accounts sold an additional 6,804 contracts in the week to September 25, according to the latest CFTC data published last Friday, bringing total net short positions to 17,648, the most since the week of December 11 2001.
Gold has moved higher overnight primarily driven by the return of safe-haven appeal, keeping Italy risks in mind. Interesting I was discussing that fact yesterday, that in the past when we were not dealing with a strong USD narrative, Gold would pop $15-20 higher in a heartbeat on EU contagion fears.
Sometimes, it’s easy to be blind to the facts, especially when getting so accustomed to positioning gold off the US dollar moves. But with l tightness in Copper markets influencing the base metal complex higher. There’s likely some knock-on effect from that correlation as well; indeed, shorts are being caught out on this one, and weaker near-term stops above $1200 level are probably contributing the flow. But for a specific technical trigger, commodity traders were focusing a Gold cross currency relationship, and it was the break of Gold vs EUR 1030 that triggered the short position carnage.
Thanks
YoCryptoManic
Gold should continue to ride the Fed-driven roller coaster lowerXAUUSD Technical Overview:
Pivot: 1187.55
Key Resistance: 1196.45 - 1198.20 - 1200.0 - 1205.23
Key Support: 1191.73 - 1189.66 - 1185.00 - 1181.53
Technical Indicator:
Moving Average: SMA 200 (1196.20) strong resistance & SMA 55 (1188.26) strong support for Gold today.
RSI: The RSI moving into overbought condition soon, now moving around 68 level in 1H chart.
Technical Trade Idea:
Most Likely Scenario: long positions above 1187.55 with targets at 1197.75 & 1200.00 in extension.
Alternative scenario: below 1187.55 look for further downside with 1184.89 & 1181.53 as targets.
Bullish Scenario
A sustained move over $1193.90 will indicate the presence of buyers. If this generates enough upside momentum then look for a possible surge into $1200.00 to $1205.90. The market could begin to really take-off if buyers can overcome $1205.90 with conviction.
Bearish Scenario
A sustained move under $1193.90 will signal the presence of sellers. If the move is accompanied by strong volume then look for the selling to extend into $1187.50, followed by $1184.30.
US ISM Manufacturing: Slowdown in September - Wells Fargo
Gold should continue to ride the Fed-driven roller coaster lower
"Gold should continue to ride the Fed-driven roller coaster lower, after the FOMC raise," rates as expected at the September meeting and kept the dot plots trajectory largely unaltered. Mr. Powell and friends lifted the long-run dot and went to great lengths to say that dropping any reference to "accommodative" in the communique did not mean that they will be straying from their previously announced plan for no," analysts at TD Securities explained.
Thanks
YoCryptoManic
Bitcoin looking further Long side scenario level $7,000XBTUSD Technical Overview:
Trading Range: $6,430 - $6,788
Key Resistance: $6,630 - $6,676 - $6,743 - $6,788- $6,945
Key Support: $6,548 - $6,491 - $6,464 - $6,420 - $6,364
Technical Indicator:
Moving Average: Simple Moving Average 100 ($6,570) & SMA 200 ($6,574) strong support for Bitcoin intraday.
RSI: RSI lacks bearish momentum & strong support at RSI level 44.06, if it will break down than XAUUSD more down and vice-versa.
Technical Trade Idea:
Most Likely Scenario: Long XAUUSD $6,450-$6,485 strong Stop Loss $6,372 & target $6,620 - $6,676 in extension.
Alternative Scenario: Short XAUUSD $6,350-$6,330 Strong Stop Loss $6,482 & target $6,258 - $6,194 in extension.
Overall, The U.S SEC is expected to rule over another ETF proposal on September 30(Today). Bitcoin has been predicted to make a comeback towards the end of this year. Currently, the bulls are alert and are ready to spot all technical signals that will indicate the next swing towards $10,000. Bitcoin has experienced overstretching declines this year from the all-time high close to $20,000 to the current price at $6,756.
In the recent months the tussle between the U.S Securities and Exchange Commission (SEC) and the firms seeking a Bitcoin exchange-traded fund ETF) has done more damage to the deflating crypto. The authority is expected to rule over another ETF proposal on September 30(Today). The SEC rejected the other ETFs on the grounds manipulation among other issues.
Thanks
YoCryptoManic
Gold continue to pay attention to several things at onceXAUUSD Technical Overview:
Pivot: $1205.20
Day Trading Range: $1200.00 - $1218.50
Key Resistance: $1210.66 - $1214.59 - $1217.33 - $1221.20
Key Support: $1205.20 - $1203.25 - $1200.00 - $1196.28
Technical Indicators:
RSI: Indicator lacks downside momentum, moving around 64 level.
Moving Average: SMA 20($1203.63) & SMA 55($1200.71) strong support for Gold.
Technical Trade Idea:
Most Likely Scenario: long positions above 1205.20 with targets at 1212.45 & 1215.38 in extension.
Alternative scenario: below 1205.20 look for further downside with 1203.25 & 1199.89 as targets
Overall, Gold continue to pay attention to several things at once, as there are fears about the trade war, questions about whether the Federal Reserve will be able to raise interest rates in that environment, and then of course a lot of fear in the emerging markets. This has made the precious metals sector very difficult to trade at times, if you are looking at short-term charts. However, all one has to do is zoom out to the longer-term charts and recognize that we are in a major downtrend. This isn’t to say the gold can’t rally, most certainly can and it has. However there are levels where we see a lot of resistance previously. This is seen just above at the $1215 level, which should be a bit of a challenge to get above. That’s not to say that we can’t break above there, but we need some help from the US dollar.
Thanks
YoCryptoManic
