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Xauusd4h

XAUUSD BUY PROJECTION 11.06.23Looking at the daily chart of XAUUSD, we can see that the overall trend is bullish, with the price trading above its 50-day and 200-day moving averages. The price has also recently broken out of a short-term consolidation pattern, indicating a potential continuation of the uptrend. The Relative Strength Index (RSI) is currently in overbought territory, which could suggest some near-term weakness or a potential pullback. That said, it's worth noting that the RSI has been in overbought territory for several days now without any significant selling pressure, so it's possible that the bullish momentum could continue. In terms of key levels, the first level of support to watch is around $1,950, which is the recent breakout level and also coincides with the 50-day moving average. Below that, the $1,900 level could provide additional support. On the upside, the next level to watch is the recent high of around $2,075. A breakout above that level could signal a continuation of the uptrend, potentially targeting the 2020 high around $2,075. Overall, while there could be some near-term volatility or potential pullbacks, the technical outlook for XAUUSD remains bullish in the medium to long term. It's important to always use proper risk management techniques, such as stop-loss orders, when trading or investing in any financial instrument.
OANDA:XAUUSDLong
by kripsonfx97
XAUUSD: June 5th - June 9th Trading Signals In the past week, a lot of things happened in the market and a lot of data was released, but because of data hedging, gold did not fluctuate greatly, with a minimum of 1933 and a maximum of 1983. Nevertheless, we also made good profits. I love it so much! Now, follow me as we make beautiful plans for our deals this week! This week, there are not many important data, mainly the initial jobless claims on Thursday. Because of last week's data, the market volatility should be very large on Thursday, which is the focus of our trading! Based on the analysis of the data last week, it is expected that this time it is more likely to be beneficial to gold bears, because the announced NFP value in May has increased significantly compared with April, and although the unemployment rate has also increased, the magnitude is not large , at the same time, consumer confidence is also improving, which shows that the situation has gradually improved. In terms of technical form, the 1D chart has not yet formed a bottom pattern, but there is support near 1933, which is the support level of the upward trend, and it is a very important position. If it breaks the support, then the probability of it falling below 1900 is as high as 80% Above, if the data is as we expected, gold is likely to fall to around 1864. In the 4h chart, there is a chance to form a W bottom (double bottom). Last week, it was supported at 1933 and rose to 1983. It did not break through the resistance of 1985. If a double bottom is formed this week, 1985 will be broken. Therefore, on Thursday In the previous trading, I will focus on long trades, and on Thursday's data, I will be short. I will update the daily transaction below the view, after clicking follow, you will receive information every time I update. Trading Signals: buy:1938-1926 tp:1977-2003 sl:1923 sell: 2003-1985 tp:1933-1879 sl:2009
FOREXCOM:XAUUSDLong
by Roey_
2
XAUUSD-1920 IS THE NEXT TARGETHey Everyone, following our last setup on gold, as we had pointed out that price will come to area of 1970-75 and will reverse from there, price just did that. We now have gap to be filled, however, price have shown no strong bullish intent since the London Session. Strong bearish presence is there as we look in to the price movement and behaviour. -Either you can sell now with a greater stop loss or wait until New Session Begins. The target will be 1920. Good Luck and Trade Safe
FOREXCOM:XAUUSDShort
by Setupsfx_
5
XAUUSD: May 29-June 2 Trading Signals Hello, traders! I love gold! Trading it made me a huge profit! In the past week, gold 1985 was not successfully broken. We traded a large number of gold short positions according to the plan and made high profits. This is a very pleasant thing! Now, follow me as we make beautiful plans for our deals this week! This week, there are a lot of data to be released, three of which are very important, May ADP (Thursday), May unemployment rate (Friday), May NFP (Friday), these three are very important for gold , is a data with a super impact. In addition, there will be weekly unemployment data on Thursday. These two days are the focus of our trading, please be sure to grasp it! Judging from the data released in May, I think these two heavyweight data are more likely to be negative for gold. This is my judgment based on the analysis and comparison of some data released in May. In terms of technical form, the 1D chart has not yet formed a bottom form. Judging from the past rise to 2070 and the next trend, it is still very difficult to truly complete the trend reversal now. If there is news, it will become simple, but this week's news, I think it may be very beneficial to the gold bears, so I ruled out this option. Of course, this is not 100% sure. If my judgment is wrong, then It will be back above 2000 and if I am correct it will drop below 1900 this week. In the 4h chart, its shape is very similar to M top (double top), and the resistance of 1985 has been confirmed. The current resistance is 1956, and the support is 1933, 1911, and 1899. Because of the judgment of the news and the shape of the 1D chart, my trading point of view is to short, with the target below 1900. Judging from the current trend, the sharp decline will appear on Thursday and Friday, and the news will be used to complete it. Trading Signals: buy:1888-1912 tp:1926-1934 sl:1882 sell: 1956-1985 tp:1933-1890 sl:1989
FOREXCOM:XAUUSDShort
by Roey_
2
#XAUUSD-NEXT TARGET $1900 AND WE ARE BACK!Dear Traders, sorry for not being active for a long time now, due to medical reason I had to give some break to my eyes and therefore was forced to take break. Now with gold, in our previous chart we expected price to reach zone of 2060-70 before it drops, and it did exactly the same. We are expecting price to touch 2030-40 region which is not likely to happen as price already rejected at 2025 region indicating a further dropped. Entry Criteria: -If price do not come to our zone one more time then enter in tomorrow london session with 50 pips stop loss. Once again thank you for your support throughout, and expecting the same.
OANDA:XAUUSDShort
by Setupsfx_
35
XAUUSD: FOMC Minutes - Some is greater than severalHello traders, I bring you some useful information Yields on the 10-year have increased since mid-March and are now above 3.7%. This is due to a mix of positive economic data, progress towards a debt limit agreement, and the market adjusting to the Federal Reserve's policies rather than speculative pricing. Traders often debate whether positive news can have a negative impact on markets. However, it seems that a scenario is emerging where good news could ultimately result in higher market rates. If you don't think that the US economy is headed towards a recession, it might be difficult to understand why the Fed is considering a rate cut. As the market begins to exclude the possibility of a Fed funds rate cut, rates may continue to increase. If gold breaks the trend, we will see a new price around 193x today Plan trade in the intro!
OANDA:XAUUSDShort
by Sphyn-Trader
2
XAUUSD/GOLD- Get Ready for Bears !!!-After the News yesterday, the price of the Gold remain quite bullish where price ranged between 1955-1982 indicating buyers are still looking for strong bullish momentum to take the price upwards to 2000-2010$ region. This moves comes after a strong decline on yields alongside the demand of the US remained higher as US DOLLAR is seen as safe currency by investors. -If prices fails to gain the bullish momentum then price of GOLD(XAU) will falls rapidly, where our first target will be 1910 where we can see price to reject and retest 1954 region before it drops further. In second scenario, if prices do get enough momentum and fills up $2000-2010 region, then price may reach up to $2020 due take out the liquidity. -We have to wait until today and monitor the chart closely, which will gives us an indication of possible next move. Please like and FOLLOW for more.
OANDA:XAUUSDShort
by Setupsfx_
38
XAUUSD- LAST SETUP DROPPED 400 PIPSDear Traders, in our last setup we had two options either for the price to drop from that current price region or go up to 2000 region and then drop from there. Price dropped as it was described till 1950-53 region and then rejected and bounced back currently running 140+ pips. We are now expecting price to touch 2000 region before it drops further. From one setup we have accumulated 540+ pips, and that is just the beginning. More setups will be posted, keep supporting by liking and following our page. Good luck and happy trading
FX:XAUUSDLong
by UnknownUnicorn52780235
13
XAUUSD:Short and long trading points Last week we made a good profit on gold trading and look forward to continuing to make more profits this week. This is the 4h chart of gold. I have observed its MACD and the arrangement of the moving averages. It is beneficial for short positions, so in the overall trading next week, I plan to focus on short selling, as long as the resistance level 2026-2038 is not broken, The probability of short selling to make money is very high. For the target below, we refer to the previous support, which are 1 998, 1992, 1987, and 1978 . When it falls below 1970, our short target can be at 1959. This is a relatively distant target. It takes a process to achieve it, and the market is changing at any time. Our strategy also needs to be adjusted according to its changes. Trading Signals: sell: 2011-2023 tp:1985-1959 sl:2027 buy: 1992-1985 tp:1998-2003 sl:1979 This is a trading strategy for a large range. Specifically, I will adjust it according to market changes. Starting tomorrow, our trading will be carried out in the range of 1959-2023, and we look forward to making satisfactory profits. Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
FOREXCOM:XAUUSDShort
by Roey_