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Xau-usd

XAUUSD 30/7/23Gold showing us that we could see some bearish movement coming this is exactly the same as what we said with the other US dollar correlated pairs that we expected to shift bearish later on in the week now whether gold will shift bearish at the same time or whether we will invalidate this various range before shifting lower overall the analysis is telling us we need to look towards this POI now as I've stated before any news ranges and news order blocks can sometimes be swept out before price gave the true move so please keep this in mind as we approach this point of interest.
OANDA:XAUUSD
by PipSurfingSociety
XAUUSD, H4 | Potential bearish reversalPrice is testing a major resistance level which is an overlap resistance + 61.8% Fibonacci retracement. There is also a descending resistance that suggests there could be bearish momentum. A reversal from here could see prices drop to the 1902 recent swing low. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
FX:XAUUSDShort
by FXCM
2
XAUUSD (GOLD)Hi traders, Gold at the range between support and resistance , now testing resistance if can’t break the resistance can drop to support and break the support after breaking the support it’s work as resistance price getting test to resistance and drop again to next support zone , but if can break resistance can rise more to next resistance and will reject from here and drop to support zones , we need confirmation if opened 4H candle bellow the resistance we can entry short but if can break and open 4H candle above resistance can rise to next resistance and we entry to long .
OANDA:XAUUSD
by Alartush
XAUUSD GOLD: What I'm watching this weekGold has been on a retracement since the May 4th high. At the end of last week it broke but failed to close below the 61.8 fib of the last impulse move up, this is an interesting level as it may indicate the retracement is done? To the upside though we have a falling dynamic trendline that's acted as resistance since the early May peak. That peak at 2066 matches the peak in March, which could be a double top (however needs to break 1680 neckline for confirmation of a full reversal imho). So are we looking at a small retracement, or the start of a reversal? It's too early to say, however looking at DXY we seem to be building momentum, and if we see further strength this week in the USD then this should put more pressure on Gold, and I expect a fall-back to support around 1865. Breaking the trendline and resistance to the upside, if confirmed with a breakout and retest of the descending trendline, should see us return to resistance around 1975. Personally I think gold is reversing, I believe we will see more USD strength, and Gold will either drop from here, or drop from the 1975 level, without reaching May's high again for some time. As always I'm monitoring trendlines and the LTF's for any suitable entries.
OANDA:XAUUSD
by Finchcliffe
GOLD - FUNDAMENTAL ANALYSISGold Price Forecasts Revised Lower For Year-End 2023 And 2024 At ABN AMRO In her extensive XAU strategic note to clients, Georgette Boele, Senior Economist at ABN AMRO warns of a downgrade to the bank's 2023 and 2024 gold price forecasts. The analyst cites the gold price being close to all-time highs, a level that should it fall, might not be seen for another five years. With FED monetary policy easing being prices-in, the upside is likely to be limited from here. Gold prices so far have been erratic in 2023. The price of gold started the year on a bullish note, recording a 13% surge in prices by May 4. According to the analyst, however, momentum has since flagged, and the precious metal now seems to be in a phase of consolidation. This change in trend aligns with Boele's observation that investors may be hesitant to buy at current levels, especially with the specter of a significant drop looming over the market; hinting at the risk-averse nature of gold investors, who tend to prioritise long-term stability over short-term gains. Boele's shift in her Federal Reserve outlook significantly informs her predictions. Originally, she did not expect an aggressive rate-cutting spree in the short term but believed that the easing cycle would commence towards the end of 2023. However, recent developments have led her to revise these expectations. "Last week, we changed our Fed view and also our US dollar view" says Boele. "We now expect a recession to start in Q4 and rate cuts to come in Q1 2024. We expect the last rate hike of 25bp at the Fed’s July meeting and no rate cuts this year. We still forecast aggressive rate cuts in 2024. We now have a total of 175 basis point of rate cuts in 2024," she adds. This forecast indicates her belief that the Federal Reserve will take assertive measures to stimulate the economy and combat the recessionary pressures she expects to emerge. In line with her altered expectations for the Federal Reserve, Boele's perspective on the US dollar has also evolved. With fewer rate cuts expected for the remainder of 2023 and into 2024, she has upgraded her view on the US dollar, seeing this as a positive turn. This shift indicates her belief in the resilience of the US Dollar and its likely performance in the face of adverse economic conditions. "As a result of the change in our Fed view we have upgraded our view on the US dollar," says the analyst. "We no longer have a rate cut for the Fed this year and fewer total rate cuts in 2023-2024. This is a positive for the US dollar. Our view is roughly in line with the market." Boele's points out that rate expectations, both real and nominal, alongside the outlook for the US dollar, are crucial drivers for gold prices. Consequently, her adjusted outlook for the Federal Reserve and the US dollar has led her to downgrade her gold price forecast for 2024. "So we have also downgraded our gold price forecast for 2024 to 2,000 USD per ounce (from 2,200 before) We now have for 2023 and 2024 a year-end forecast of 2,000," says the economist. Despite the Federal Reserve's potential easing typically being seen as a boon for gold prices, Boele sees limited upward potential for gold in relation to the US dollar. Investors, she notes, currently hold net-long gold positions, and there is a risk that part of these will be liquidated. "What is the reasoning behind this?" she asks. "The start of monetary policy easing by Fed is generally positive for gold prices. But as the market has already anticipated this, it is already reflected in the gold price. Therefore we think that upside in gold prices versus the US dollar is rather limited from current levels, " she adds. Boele offers a word of caution for investors. Given the currently high levels of gold prices and potential risks, she suggests that being long may not be the most attractive stance from a risk-reward perspective.
OANDA:XAUUSD
by thunderpips
5
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FXOPEN:XAUUSD
by Fart_Chart
XAUUSD Potential Forecast | 5th June 2023 Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. Technical Confluences Resistance level at 1983 Support level at 1946 Price is currently hovering around the support level and we could potentially see rejection off this level Idea Monday asian session, hence will wait for price to stabilise before entering onto any trade. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDLong
by OlympusLab