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XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE. But since RETAIL SALES was POSITIVE the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being ON. Therefore, USD WEAKNESS is seen today. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway, since US10Y is going up with RETAIL SALES UP, GOLD is going down quite a bit right now. Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to the 1701 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
XAUUSD LongUnfortunately, last analysis hit our stop loss. The price touched the upper trendline, formed a bull trap and I was stopped out. The price continued with the bearish momentum, filling in the imbalance formed by this commodity around 28th September. Currently, the price has been forming a bearish flag/ channel (lower time frames) of which I anticipate that the price might be building a bullish momentum. If the price breaks out of the highlighted zone (around 1640) and retests it, I will have my entry @ 1645. If not, then I will wait for the price to form a suitable bearish entry. My target will be @ 1645, Tp1 @ 1660, Tp2 @ 1675 and Tp3 @ 1690. The Sl is @ 1630. My R: R is 1: 4. Remember, risk only 1-2 % of your account.
OANDA:XAUUSDLong
by Vapari_Inc