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Xau-usd

XAUUSD Potential Forecast | Thursday 16th February 2023Hi guys, we are back on the charts again! Today I will be talking about GOLD and upon the recent fundamental backdrop that has taken place. Fundamental context 1. US data has came out very resilient and strong 2. Last month labour market and NFP data proves to be extremely resilient 3. CPI came out hot, signifying inflation has a longer runway for it to cool down 4. Yesterday's retail sales data m/m came out at a whopping 3.0% which is much better compared to forecast 5. Everything spells that the economy in the US is resilient and the Fed might need to increase the terminal rate or take on a more hawkish stance at the next FOMC meeting. Technical context 1. GOLD is in a bearish trend 2. Lower lows and highs are being formed 3. Point of target at 1823 odds for price to come lower to form a yearly lower wick 4. Anticipating for price to continue lower 5. Will only be looking for longs at our stipulated area (blue zone) Gold has the potential to continue bearish. Thanks alot for tuning in. Regards, Chern Yu
OANDA:XAUUSDShort
by Jon_Jones_Junior
5
XAUUSD M30: Bearish outlook seen, reversal below 1852.00On the M30 time frame, prices are approaching the resistance zone at 1852.00, in line with the 50% Fibonacci retracement, descending channel’s resistance and 78.6% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 1832.00, in line with the graphical low Prices are holding below the Ichimoku cloud, and stochastic is approaching resistance at 89.24, supporting the bearish bias.
FOREXCOM:XAUUSDShort
by T3-Consultancy
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1881.6 Pivot: 1864.8 Support: 1836.9 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
XAUUSD potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1854.435 to ride the bearish momentum. Stop loss will be at 1870.800, slightly above where the intermediary resistance is. Take profit will be at 1824.515, where the overlap support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
SAXO:XAUUSDShort
by VantageMarkets
1
XAUUSD Potential for Bearish Continuation | 15th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1854.435 to ride the bearish momentum. Stop loss will be at 1870.800, slightly above where the intermediary resistance is. Take profit will be at 1824.515, where the overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDShort
by Rockqet
1
XAUUSD H4: Bearish outlook seen, further downside below 1897.00On the H4 time frame, prices are approaching the resistance zone at 1897.00, which coincides with the 50% Fibonacci retracement and 100% Fibonacci extension. A pullback to this zone could present an opportunity to play the drop to the next support target at 1824.50, which is also the graphical support area and Fibonacci confluence zone. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
PEPPERSTONE:XAUUSDShort
by T3-Consultancy
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1877.7 Pivot: 1864.3 Support: 1836.9 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 1877.7, which is the overlap resistance. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
XAUUSD Potential for Bearish Continuation to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1853.740 to ride the bearish momentum. Stop loss will be at 1872.210, slightly above where the intermediary resistance is. Take profit will be at 1824.515, where the overlap support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
OANDA:XAUUSDShort
by VantageMarkets
XAUUSD Potential for Bearish Continuation | 14th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1853.740 to ride the bearish momentum. Stop loss will be at 1872.210, slightly above where the intermediary resistance is. Take profit will be at 1824.515, where the overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDShort
by Rockqet
XAUUSD Potential for Bearish Continuation to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1861.430 to ride the bearish momentum. Stop loss will be at 1890.250, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
OANDA:XAUUSDShort
by VantageMarkets
XAUUSD Potential for Bearish Continuation | 13th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1861.430 to ride the bearish momentum. Stop loss will be at 1890.250, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDShort
by Rockqet
XAUUSD Potential for Bearish Continuation to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1861.430 to ride the bearish momentum. Stop loss will be at 1890.250, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
OANDA:XAUUSDShort
by VantageMarkets
XAUUSD Potential for Bearish Continuation | 10th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for an immediate sell entry at 1861.430 to ride the bearish momentum. Stop loss will be at 1890.250, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDShort
by Rockqet
XAUUSD Potential Forecast | Thursday 9 February 2023Hi everyone! My name is Chern Yu and I have lined up a potential short forecast on GOLD and anticipate bearish continuations. Trade Idea 1. Given the consolidatory nature of price over the last few days, I believe that the bearish price action will soon overtake the bull and price can continue bearish 2. Price have already broken structure to the downside as shown by the structure breaks 3. I have marked out an important point of interest which is the demand zone that price can potentially tap into 4. There is a possibility price could come up to sweep liquidity before coming back down I believe price can tap 1850 regions and will be eyeing GOLD very closely Things to take note of: - There is a supply zone above that I have marked out and do keep that at the back of your mind Regards, Chern Yu
OANDA:XAUUSDShort
by Jon_Jones_Junior
1