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Xauusud

The DXY is trying to fill the Gap🚀!!!DXY completed its zigzag correction(5-3-5) near the Price Reversal Zone (PRZ). DXY will move towards filling the gap after the downtrend line breaks (at least the growth that DXY can do). U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
8
Gold Poised to Break New Highs?The collapse of Silicon Valley Bank triggered a sharp drop in the US dollar and sparked safe-haven demand, rescuing gold prices from a slump. The price of gold has surged for three consecutive days, breaking through $1,900 per ounce, and if it confirms a sustained breach above this level, it could open the door to reaching February's high of $1,960. Last Tuesday, gold prices were under immense downward pressure as Federal Reserve Chairman Powell testified before the Senate, saying that the Fed was prepared to accelerate the pace of interest rate hikes, and that terminal rates may be higher than previously expected. This statement fueled expectations of higher interest rates, shifting the market's focus from betting on a 25-basis-point rate hike in March to a 50-basis-point rate hike, and raised the expected terminal rate of the Fed to over 5.7%. Under these high expectations of interest rate hikes, the US dollar index surged to a near three-month high last Tuesday, causing gold prices to suffer a heavy blow, plunging over $30 per ounce, threatening to break below $1,800. However, just as gold prices were on the brink of collapse, a major black swan event saved the day. Last Thursday, media reports revealed that Silicon Valley Bank had suffered huge losses in US bond and mortgage-backed securities trading due to a decline in client deposits, and sought to raise $2.25 billion through the issuance of common and convertible preferred shares to avoid a liquidity crisis. The crisis at Silicon Valley Bank changed market expectations for Fed interest rate hikes, causing the US dollar to fall and completely giving up the gains made in response to Powell's congressional testimony, and consequently, the price of gold rebounded and strengthened. On Friday, US non-farm payroll growth exceeded expectations, but the market was more sensitive to the unexpected rise in the unemployment rate and weaker-than-expected wage data, causing expectations of interest rate hikes to cool further and gold to surge $36 per ounce. Although US officials announced emergency lending facilities and deposit guarantees to stabilize market sentiment after the collapse of Silicon Valley Bank before the Asian market opened on Monday, which had a soothing effect on the market, the US dollar continued to fall, boosting the price of gold. However, this improvement in sentiment was short-lived, as panic swept back into the market during the European session, driving up demand for safe-haven assets and intensifying the upward trend in gold prices. Meanwhile, the US dollar remained weak, continuing to support the price of gold. With the combination of these two positive factors, the price of gold has broken through the $1,900 level during the US morning session. If this market trend continues, the upward momentum of gold prices is expected to strengthen further. Technical analysis of gold prices shows that breaking through the 1900 level would provide further upward momentum. The key level in mid to late January this year has now been surpassed, indicating further upside potential. If this expectation is met, the next target could be the range of $1,950 to the February high of $1,960. If there is a short-term correction, attention should be paid to the 1890-1900 range, which is expected to have turned into support and limit downside potential.
OANDA:XAUUSDLong
by Navigation-h
1
XAUUSD Short updatexauusd daily closed under the 50 ema So this is what im looking at for a short position entry So once gold opens there should be a pop to the .236 lvl of 1677.304 but what i want is a pop above 1677.304 because it can be used as a resistance but if it does get above then i would get in a short at 1680.380 - 1681.917 for a perfect for a short with a tight short entry Aggressive short entry: support or levels to break - .236 - 1677.403 Has to break 1665.643 (10%) or it can be used as a bounce zone/resistance if it goes down Safe short entry: 1680.380 - 1681.917 Levels to break- -1677.302 -1665.643 TP 1 - 1665.643 TP 2- 1636.426 if 1665.643 gets broken and used as a resistance should come down here around wednesday and we will get a bounce at this zone because of cpi and job reports Any questions feel free to ask will be here to answer
OANDA:XAUUSDShort
by Juicyho
Is Gold really Bullish? Gold to 1680 soon?Gold(xauusd) has found itself once again hovering around the interim medium term resistance zone following worse than expected news on Jackson Hole Symposium and disastrous NFP data . At the time of writing this report gold seems really bullish and lot of retail traders and spectators are wondering what's really happening on gold. So will bull or bear will dominate coming weeks? Lets work on our probabilities Technical Analysis; Xauusd has been caped by an ascending trendline and forming clear highs and lows so far. Every dips are being bought in this incredibly short term bull run .However what's interesting is once again retesting the medium term resistance zone placed at 1831-1833.70 levels which has completely ravaged the bull runs in last three occasion following july 14, july 29 and aug 4 fractal and a big crash later on . So be ready for the new week where we may see a quadruple top rejection from this level. As a trader i need to work on the probabilities which lean more on the bear side however I will be concerned about the fakeouts where we may see market clearing sell side liquidity first where we may have better selling entries. Technically we may see price dip below 1727 level once again within two weeks time however a firm break above 1735 level would invalidate this scenario and postpone my bearish bias. For traders out there look for the firm break and retest of ascending trendline which will add more confidence to selling side. Fundamental analysis: last couple of weeks has been harsh for gold negatively correlating assets especially DXY AND US10Y which are in a parabolic downtrend which everyone can know as us economic data are not as expected. we did see a strong upside momentum in gold as inflation concerns are rising and gold is generally used as safe heaven against inflation. However there is a lot of optimism from fed and biden's speech regarding plan to recovery of jobs which is scheduled later this week so we may see sides flipping soon as this kind of economy will not work out on longer term for us dollar as market leader.so fundamentally as well i am expecting a bullish dollar week. I have personally engaged my selling order with an entry of 1833.60 and a stop loss of around 100 pips . i might close my positions early if i see negative signs to my analysis and will surely add more orders if i see a clear break and retest of ascending trendline.
TVC:GOLDShort
by abc111111111
Daily Market Technical Report - XAUUSDOVERVIEW : Gold prices ended the session solidly higher and scored another three-month high Wednesday. We feel that the market will more than likely trying to reach towards the $1150 level. Technically market is looking strong on chart and prices is trading above the resistance trend line in its daily chart. In 4 hourly chart, prices is sustaining above its support of 200 and 50 DMA with appearance of golden cross. It is having an important resistance of 1150 and support at the level of 1122. If it sustains at current levels then we can expect it to show further upside movement in Gold prices. INDICATORS :- MACD is sustaining in its positive territory indicating the bullish trend in the prices. STRATEGY: Gold is looking bullish on charts for next few trading session. One can go for buy on dips level strategy for intra day to mid term positions in it. www.tradingsignalreviews.com
FX:XAUUSDLong
by piponomics
1