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Gold: turn to 1930 to support more! Gold has turned from falling to rising. Relying on the support of 1937 in early trading today, it is low and bullish. For the pressure above, pay attention to 1953! Gold fluctuated all the way down before, and it was constantly bearish at high altitudes, but after the data, the market rose and began to turn more! I went long in 1930 at the first time, and directly rose to make a profit! Now that gold has broken through the pressure of 1934, long-short conversion, today will rely on the pressure of 1930 to go long! The pressure above gold is the pressure position of the previous rebound high of 1953! It is expected that there will be a shock adjustment after the rebound! Looking at the daily line, gold this time pulls back to step on the support of Bollinger's lower track, opening a new upward wave! Do more with all your strength! Continually updated
FX:XAUUSDLong
by Dylan-Jones
gold is an investment opportunityHi, according to my analysis of the gold market. There is a long-term investment opportunity, and the market has reached an important stage. We notice that the price has reached the lower side of the descending channel, which is a strong support. There is also a retest of the downtrend as shown in the analysis. The most important thing is the strong correction on the Fibonacci golden ratio of 61%. In the end, good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
OANDA:XAUUSDLong
by inv_market09
6
Gold Declines Amidst US Dollar Surge: Caution is Advised I wanted to bring to your attention the recent developments in the gold market that have sparked concerns and prompted a cautious approach toward gold trading. Over the past few weeks, we have witnessed a significant rise in the value of the US dollar, which has subsequently impacted the price of gold. Gold tends to face downward pressure as the dollar strengthens, as they share an inverse relationship. This correlation has been observed in the market lately, leading to gold declines. However, it is essential to note that gold has been holding within a consolidated range despite the dollar's ascent. This suggests that gold has not yet abandoned its current pattern and is still awaiting a confirmed catalyst to dictate its next significant move. Considering these circumstances, it is crucial to exercise prudence and wait for the lead-up to the next confirmed catalyst before making any hasty decisions regarding gold trading. Doing so allows you to take advantage of potential opportunities when a clear trend emerges. In light of this analysis, I encourage you to refrain from adding gold to your portfolio. Instead, I recommend closely monitoring the market and staying informed about any upcoming events or factors that could potentially influence the gold market positively or negatively. To stay updated, I suggest keeping an eye on key economic indicators, geopolitical developments, and central bank policies that may impact the US dollar and subsequently affect gold prices. Additionally, following reputable financial news sources and consulting with trusted industry experts can provide valuable insights to help you make informed decisions. As always, it is crucial to remember that trading involves risks, and a cautious approach is essential to minimize potential losses and optimize your trading strategy. In conclusion, while the recent surge in the US dollar has led to gold declines, it is imperative to wait for the next confirmed catalyst before considering adding gold to your portfolio. By staying informed and monitoring the market closely, you can position yourself advantageously when a clear trend emerges.
OANDA:XAUUSD
by bryandowningqln
🥇GOLD - Retest of 1895 will determine the further direction Gold is testing the wedge support and the level of 1895.34. The gradual renewal of the lows tells us about a strong downtrend and therefore it is a priority to consider selling. TA on the high timeframe: 1) Something like a pin bar forms in relation to 1895 2) A bounce to 1914-1920 is possible to follow 3) Friday's daily candle close will determine further direction TA on the low timeframe: 1) After a bounce from 1895, a retest of 1910 is formed. After a false breakout, the price consolidates below the level. 2) Maybe a shake-up will follow (false-break-down of 1910 or wedge resistance), and then the price will go back down towards 1895. 3) Decrease to 1895 will be interpreted as a retest and readiness for another decline, and 1880, 1860 are ahead. Key resistance📈: 1910 Key support📉: 1895
OANDA:XAUUSDShort
by AndeWave
18
XAUUSD Analyst Hello everyone! I want share my idea about XAUUSD. Long time I was looking to gold bullish until today, I open long position from 1955 on gold but I got stop. after USA balance of trade news gold show us the strongest red candle, which I thin will continue. We are close weekly support, we already get 3 good rejection from that point and in my opinions the 4th touch will be not strong and we will see brake out of support (THIS IS NOT ADVICE, THIS IS WHAT I THINK) only in 4 hour we get 28 pips down. If we brake that support which is on 1935 then we will see big move to down. Be patient.
FOREXCOM:XAUUSDShort
by elmakacho
Which way will XAUUSD go if markets rally or dive? As we observe the current market trends, it is clear that gold is consolidating. This means that the price of gold (XAUUSD) has stabilized after a period of fluctuation, indicating a possible period of price stability. However, as experts in the field, we advise that traders hold off on trading for the time being. It is important to note that this consolidation may not last forever, and there may be a potential for a breakout in either direction. However, predicting which way the market will move is complex, and it is best to exercise caution and wait for a clearer signal before making any trades. We understand that the urge to trade may be strong, but we urge you to resist the temptation and wait for a more favorable market condition. In the meantime, we will continue monitoring the market and update you on any significant changes. Thank you for your attention, and we wish you all the best in your trading endeavors.
OANDA:XAUUSD
by bryandowningqln
1
AUDNZD | Bearish Divergence AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite directions. In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics. AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
Short
by awaisulabdeen
XAUUSD 1H 25/04/2023Currently, in the one-hour chart, we are within a bearish range that spans from 2011 to 1969, with the latter being the range's liquidity point in this time frame. We notice that the price did not close above the first gray zone, which ranges from 1998 to 1989, so if the price returns to this area, we could expect a bearish reaction. On the other hand, if the price touches our second zone, ranging from 2008 to 2005, without performing a pullback, we could look for a bearish reaction to liquidate the range.
OANDA:XAUUSDShort
by mdr300896