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Xauusd1h

XAU/USD heads towards 1,292.91Morning outlook - XAU/USD heads towards 1,292.91 The way the bullion moved yesterday confirmed that a theory that a support area formed by a combination of the 200-hour SMA and the weekly PP near 1,284.70 was a stronger barrier than the 55- and 100-hour SMAs. As a result, the pair broke to the top and has practically reached the monthly R1 at 1,292.91. Most probably, today the yellow metal is going to repeat this attempt. Such assumption is supported by an aggregate of technical indicators, which sends a strong buy signal. However, even if the gold will lose some value while waiting for beginning of the Jackson Hole Symposium, the drop is unlikely to go below the above combined support level.
FOREXCOM:XAUUSD
by UnknownUnicorn890690
1
XAU/USD fails to climb above 1,292.91Morning outlook - XAU/USD fails to climb above 1,292.91 As it was expected, previous trading session the yellow metal spent in a steady surge against the American Dollar. However, the soar did not last for long, as it was stopped already at the closest resistance level set up by the monthly R1 at 1,292.91. At the moment, the pair is moving horizontally, being squeezed between two notable barriers. The first is made of a combination of the 100- and 200-hour SMAs as well as the weekly PP at 1,284.70. The other one is made of the above monthly R1, but most importantly of an area located around the 1,296.00 mark, which represents a crossroad of the two junior ascending channels’ upper boundaries. Hence, it seems that the bullion will prefer to move either horizontally, or downwards.
FX:XAUUSD
by UnknownUnicorn890690
GOLD / No Spike & Pullback.Just an informative chart for followers. Some were asking why there was no spike downwards like normaly it should be, and why there is yet to be any pullback / correction. Because too heavy shorts were in the gold and too heavy longs in dollar. Checked with one of Bankers that I know who is working with largest banks in the world ( not saying the source ), Yesterday in just one sector their customers had 67$ B in Gold shorts and 115$ B in Dollar longs ( overall ) And it is just one sector of brainwashed sheeple that did blah blah about how rate hike will hit the gold and bring dollar to the moon. So in other words that money is trapped now. Human nature - most of this money will still be in just because they do want gold to pullback to eliminate the loses, but what MM want to happen is get them in hedge positions. They are not that interested in individual/company just closing the position with loss, they are more interested to get them in hedge, that is what they want and what they like, then the real game starts. Huge money is left down there and part of it is still floating. I am not interested in this aspect as I am intraday tech/math trader. Still waiting for 1247 and was building gold longs way before the hike day. But overall this is why I hate fundamentals, I never follow them, and never get involved in them. Just some of the most popular quotes from TV: " If Trump will be a president, Gold will fly to new highs " " If NFP will beat ( Last Friday / March / ) - Gold will be under 1180 in no time " " If they hike the rates, bloodbath in gold " Maybe thats already enough? If this is not working as a confirmation and you still go blah blah about what will happen on this and that ( fundamentals ) all I can say - yeah some people never change. Techs point out the direction ( in most cases ) way before fundamentals arrive. Fundamentals just fill the direction, is what I believe in and bring the volatility that we traders love, so market is not ranging. Now look for excuses why it did not work out and dollar tanked while gold fly up on rate hike. Some are good at that too. Take care peeps.
FX:XAUUSD
by TheZabisyu
6
Gold bugs shot in the headGuys.... As with every $20 rise in price, gold bugs start to throw our the 50k figure... simply not going to happen. Also to add clarity, gold is not a hedge against inflation, rather a hedge against governments. The last idea I posted (see attached), showed this run to the 1250 area before continuing the decline, now it's important to understand that February desperately needed to close above the blue shaded area to show signed any significant strength for bulls. As I'm sure you've already noticed, this did not happen, indicating further decline. We are facing asset inflation, this means Draghi is in an even tougher position trying to keep up the negative interest game that has completely failed over the past 8 years. The question is whether the ECB will be compelled to end this failed policy and raise rates alongside the fed. I've mentioned previously that rates will rise because the Fed will be deprecated when they are faced with the Dow continuing its journey to 30k. Futures markets now have the probability of a hike at just under 80% (79.7), compared with the previous 50% figure only last week. Once we see below 1220 then I must mention, a waterfall will follow. All the best and join our new telegram group via the link below.
FX_IDC:XAUUSDShort
by TheBanker
21
GOLD / ObamaGoldCareFollow up: Baby bull is not gone, it is accumulating. Recalculations show upside sentiment. It usually comes unexpected. Since central banks and big players follow me on Tradingview, we drive this up together. They follow smart ones. We are long from white zone ( on chart ) Red zone represent a bullish problem zone - intraday, but since gold should met 1247 ( sentiment level ) can we take the red zone out? Maybe yes maybe no, maybe I don't know. Remember the first move, you see yesterday first move straight up in 1250 and sell. Today I would love to see first open price move down to white zone and then up smashing the red zone. 1230 - 1231 intraday become SUPER strong In last post I said bearish close price is in range of 1235.xx - 1237.xx. Below or above this price range is bullish close price. But watch the move on opening, if move is straight up to 1236.xx - 1237.xx be careful. My old good friend Obama is with me on this one, let's screw the Trump!
FX:XAUUSDLong
by TheZabisyu
9
GOLD/ Testing Software / BL4 transitions.Although I am in sell position: There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target ) And breakout higher than that to generate new transition signal. If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me. If gold reach 1236.2 and breakout higher then gold should keep moving up. We can see a bear flag very well can be seen on 1h TF if we refer to structure. I am not taking this long . Just doing analysis and posting it for my personal journal / research. Signal is not that strong but BL4's are great sub transitions and sometimes beat the BIG ones BL12's. Entry for this long would be 1232.6 Good Luck.
FX:XAUUSDLong
by TheZabisyu
1
XAUUSD short term3 options for this. a short position can be taken on a break and close below the 1200 zone which would open up the bottom and create a nice short position for 100-150 pips if not more. a long can be taken after a break and close above the 1205.5 zone. This would open up the window to retest yesterday high. As well DXY looks to be pulling back up on the daily to create the right shoulder for a H&S. if price retests and fails to break the 1200 zone you can look to take a long position from there and ride it up as well.
FX:XAUUSD
by chrisolivera_
Gold 1H Breakout Trade (Naked Forex)Gold is looking to be gearing up for a breakout through the current 1H range pattern. If Gold breaks through the range high, we expect price to continue towards the Minor Resistance level (TP 1). There it may lose some bullish strength and seek to retest the previous range's high before continuing towards the Major Resistance level (TP 2). If the Current Range Pattern is not broken on this leg up, we expect price to begin heading downwards to test the range's low. Trading Ideas: 1. Go long on breakout of range pattern (red dotted line) 2. Go short with SL just above high of range pattern (green dotted line)
OANDA:XAUUSDLong
by Elemont