Xauusd Xauud Gold is on sideways may be break this week
if break 1940 level new support level is 1900
if break 1980 new resis level is 2020
what is your idea ....?
Xauusdsetup
GOLD - Bulls are working hardAccording to the H4 chart, the short-term outlook for the XAU/USD pair seems favorable, despite a slight loss in upward momentum.
Technical indicators have flattened out after crossing into positive territory, as the pair consolidates near daily highs.
Gold has also recovered above the 34 EMA and is trending upwards.
However, the $1,970 level has seen resistance from sellers, and immediate resistance must be surpassed for the pair to extend its rally to the next Fibonacci retracement at 38.2%, located at 1,985.65$.
Keep an eye out for a potential breakout above the 1970 price zone , which could trigger a new uptrend for gold. If using the Temporary Breakout strategy, wait for a close above the zone and set a stop loss at the nearest price stop.
Gold stays buoyant as Fed pause bets continuesGold and copper are currently buoyant as the dollar falls sharply on Fed pause bets. This presents a fantastic opportunity for you to invest in gold.
As you may know, gold has always been a safe haven for investors during economic uncertainty. With the current state of the economy, now is the perfect time to invest in gold. Not only is it a safe investment, but it also has the potential for significant returns.
So, what are you waiting for? Don't miss out on this fantastic opportunity to invest in gold. Take advantage of the market conditions and make a smart investment today.
Thank you for your time and consideration. I look forward to hearing from you soon.
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Gold Today - Falling momentum clearly establishedOn Wednesday, the US dollar experienced significant fluctuations, but ultimately ended the day with little change.
The main factor affecting gold prices was US Treasury yields, which supported the US dollar. Currently, gold prices are stabilizing after a recent decline, but if the market worsens, the US dollar may become a safe-haven investment, which could limit gold's rise.
Weak jobless claims in the US could also contribute to a continued decrease in the US dollar and a rise in gold prices.
If gold drops below the 1938 zone, it could trigger a strong sell-off towards the 1930-1920-1905 targets in the short term.
When trading based on this method, it's essential to place a stop loss after the nearest price resistance.
XAUUSD: Unemployment ClaimsTechnical analysis:
A downtrend is currently taking shape, indicated by the 34 EMA being positioned below the 89 EMA. The price of gold has been moving sideways for some time now, but with a need for liquidity, it is likely to continue trading in a narrow range of 40-48 before breaking out of this pattern. The RSI indicator confirms the downtrend, but its impact is limited in this scenario. It's worth noting that a solid support area lies at 1940.
Fundamental Overview:
The US economy is being closely monitored for signs of decline that could lead to a significant drop in the value of the US dollar. However, it appears that this event may still be some time away. Currently, the US dollar is showing strength and there are indications that it may continue to rise. This is due to inflation persisting and even accelerating despite attempts by the Fed to control it with interest rate adjustments. The market may be taken aback by this development.
There are predictions that gold will continue to decrease significantly due to the current economic recovery and tension caused by war.
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Investing in gold ETFs is not only a smart move but also an easy one. You don't have to worry about storing physical gold or the hassle of buying and selling it. With gold ETFs, you can easily invest in gold through the stock market and reap the benefits of its rising value.
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GoldMondayLow - Up or Down
• Gold experienced a bounce upwards on June 5th, 2023 , reaching a low of 1938.00 .
• Today, it dropped from 1968.00 to 1941.00 , indicating a downward movement.
• RSI (Relative Strength Index) Analysis:
• RSI 4 on the M15 timeframe is in great oversold territory .
• Divergences are being observed, suggesting a potential uptrend .
• The last significant support level was at 1956.00 , established yesterday .
• Moving Average (SMA 21):
• Applying the SMA 21 (a 21-period Simple Moving Average) could provide further insights into the trend.
• The average closing price over the past 21 periods, smoothing out short-term fluctuations.
• By analyzing the SMA 21, we can identify the overall direction and potential support or resistance levels.
Considering the oversold condition and divergences on the RSI still indicate a potential reversal on 1938.00 bounce back in the near future. May one also monitor the SMA 21 for additional confirmation. A bullish crossover and a price bounce off up the SMA 21 could reinforce the expectation of an uptrend. ☆ As always, it's essential to conduct thorough analysis, consider other market factors, and use appropriate risk management strategies.
XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Falling Wedge as an Correction in Long Time Frame with the Breakout of the Upper Trend Line
Impulse Correction
Divergence - RSI
Break of Structure
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
S / R Level
xauusd setupsthere is a FL up ahead which avoids price to go further, I believe this Fl will consumed ASAP and the price will go for next demand zone. TP is the next supply zone that can be a good place for LONG!
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive and " ABC " Corrective Wave
Impulse Correction
SMC - CHoCH
Falling Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line and Retracement
GOLD Giving A Good Bullish Price Action , Time To Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
