XAUUSD/GOLD BEARISH STRUCTURE /SHORT OPPORTUNITYSell Gold Near 1864-1866
SL= 1875
Targets- 1861/1858/1855
Take Risk as per your risk apetite
Trade Wisely
All the best
Gold
GoldTriangle breakout may take bullish breakout.
it may give fresh ATH from here.
good consolidation done recently
USD continues to accelerate, gold plummetedYesterday evening, the price of gold experienced a sharp drop, falling from $1,915 to $1,900 per ounce. This marks the lowest price that gold has reached in September 2023. Currently, the price has settled at $1,896 but the downward trend persists.
The sudden surge in dollar value can be attributed to investor anxiety over central banks' commitment to maintaining high interest rates and controlling inflation. Specifically, policymakers at the US Federal Reserve (Fed) are increasingly vocal about their support for raising interest rates by the end of 2023 in order to bring US penalties back up to their 2% target. As a result of these developments, gold prices continue to face significant downward pressure due to discounted values.
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Gold bears cheer death cross, trend line break to target $1,860Gold licks its wounds at the lowest level in more than six months after falling the most since late July the previous day. Although the oversold RSI prods the XAUUSD sellers, the bearish MACD signals, a clear downside break of the previous key support line stretched from February and a death cross on the daily chart together suggest further downside of the previous metal. That said, the death cross is a bearish moving average crossover wherein a short-term SMA pierces the longer one from above. With this, the bullion appears well set to decline towards the 78.6% Fibonacci retracement of February–May upside and then to the early March swing high, respectively near $1,860 and $1,858. In a case where the precious metal remains bearish past $1,858, March’s low of $1,809 and February’s bottom of $1,804, quickly followed by the $1,800 threshold, will lure the commodity sellers.
On the flip side, the previous monthly low of around $1,885 and the $1,900 round figure guards the immediate upside of the Gold Price. Following that, the support-turned-resistance line stretched from February will join the 61.8% Fibonacci retracement level, also known as the Golden Fibonacci Ratio, to challenge the XAUUSD buyers around $1,905. In a case where the quote remains firmer past $1,905, the 50-SMA and the 200-SMA will restrict the asset’s further upside to around $1,923 and $1,928 in that order.
Overall, the Gold Price is likely to decline further towards the yearly low.
In a short time, how to fluctuate XauUSDHello traders, what do you think about gold? An important resistance level in the 1927 region is expected to decrease at least to the prescribed level and then increase as prescribed.
Objective 1906 for gold price at the beginning of the weekHello dear traders, what do you think about the new week gold? It seems that in the first trading session of the week, Gold seemed not to escape the resistance of 1927 USD but still set aside to maintain the price of 1903 - 1905 USD.
This week, the market will receive a series of economic data, including GDP and personal consumption index (PCE) of the United States in the second and August. Next of gold.
In the short term, it is expected to drop to at least $ 1906. with the increase in the prescribed level.
Gold is going to low $ 1900Hello dear traders!
Currently, the gold market continues to decline after breaking the uptrend line at $1920 and trading at $1911, a decrease of about $5 compared to the morning session.
It can be seen that the recovery of the USD is an important factor affecting this precious metal, causing its price to decline. On the 4-hour chart, we can see that Gold is looking for a new support level at $1903.78 per ounce.
SELL GOLD/ XAUUSD - BEARISH STRUCTUREShort Term Sell Zone
SELL-1902-1998
SL- 1905.50
Tgt- 1894 | 1891| 1885
Gold fluctuations increasing, attracting buying forceHello everyone! Today, gold price has fluctuated slightly in the third day in a row and is gradually increasing to 1938 USD in the Asian session. Xau/USD is currently seeking to develop based on recent good recovery from about 1,901 USD.
Looking at XauUSD's technical picture, we can see that gold has passed the trend of decline, showing that gold has the potential to find a new peak. If that happens the possibility of gold will reach 1938, 1945 and finally 1950 USD. Can invite many buyers to participate in the market.
XauUSD- After the news from the Fed, how to change?The world gold price today listed in Kitco at 1,931.7 USD/ounce.
It can be seen that today Gold passing the US Federal Reserve (Fed) decided to keep the interest rate between 5.25% to 5.50% at the Monetary Policy Meeting. Looking at the technical picture on H4 time frame, gold is in a main trend of increasing, so we may follow that trend and target higher at the psychological resistance of 1944 USD. After forming Dow theory.
Gold maintains the rising momentumCurrently, the gold market is still trading quiet at 1928 USD with little fluctuations after the Fed information decided to keep the interest rate at 5.25% to 5.50% at the Monetary Policy meeting in September . Gold continues to move in defense levels with fluctuations within $ 1937 resistance and support at 1918 USD.
GOLD [XAUUSD] Long/Buy setup-Per last week's move, we can see the price is in respect to the deemand zone and try to test the supply zone
-Before reaching the supply zone, it should test the near deemand zone, which is 1913-1910
-Then expect to reach the supply zone, which is 1937-1937
And a minor retrace for a healthy upside.
-The recent low is near 1901-1899 to break down the price. Then, we can easily reach 1885 -1880.
-Moreover, it is just a buy setup until it does not break the recent low, so buy on dips.
Gold recovered but still facing difficultiesHello traders. What do you think of gold? On the 4 -hour time frame we can see that gold is trying to recover the hole of the previous day, currently trading at 1927 USD.
However, with the influence of the interest rate of the US Treasury bonds for many years, this is capable of preventing the significant increase in gold price.
According to Samson's own opinion, gold will quickly retreat to 1896 before any move of the upcoming Fed.
XAUUSD SHORT TERM TRADESELL NEAR 1928 TO 1929
Stoploss- 1931
Tgt- 1923|1920|1914
Use Proper lot size and risk management
if already in sell , hold it till 1931
The maintenance of gold has increased, the next goal is determinHello traders. What do you think of gold? Gold price fell on the third consecutive day on Thursday. The decline occurs when interest rates are reduced, showing that a significant decline may not occur at this time. However, capable of recovery in the short term, with the original goal of the weekly high level of 1947 USD/Troy Ounce (September 20).
USD price increased dramatically, gold plummetedWorld gold prices dropped in last night's trading session after the US Federal Reserve's (FED) monetary policy meeting.
On the other hand, the interest rate on 2-year US bonds jumped to 5.2% and 10-year bonds to 4.48%, stimulating investors to put capital into bonds. This means very little money flows into gold. The price of gold today is inevitable.
Meanwhile, US and European stock markets continued to go red. Many stock investors have transferred capital into USD, helping this currency increase in price even more, putting the gold market in a disadvantageous position.
Technically:
Gold is still in the main downtrend, so the price is likely to decrease quite a lot.
Gold price consolidates within symmetrical triangle above $1,900Gold price bounces off a one-week-old rising support line, as well as the 200-SMA, within a symmetrical triangle comprising levels marked since late July. Given the near-50.0 levels of the RSI and the impending bull cross on the MACD, the XAUUSD is likely to extend the latest rebound. The same highlights the 50% Fibonacci retracement of its July-August downside, near $1,937, ahead of shifting the market’s attention to the stated triangle’s top line, close to $1,947 at the latest. In a case where the bullion price remains firmer past $1,947, the monthly high of around $1,953 will act as the final defense of the bears.
On the flip side, the 200-SMA and an ascending support line from the previous week limit the immediate downside of the Gold price near $1,918 and $1,916 respectively. Following that, the triangle’s lower line surrounding $1,906 and the $1,900 will be crucial to watch for the XAUUSD bears. In a case where the metal remains bearish past $1,900, the odds of witnessing a slump toward July’s low of $1,885 can’t be ruled out.
Overall, the Gold Price is likely to remain sidelined within the aforementioned triangle but advocates more volatility ahead.
Gold price analysis todayHello Samson! Are you wondering how gold price is trading today?
Currently gold price stands at 1,932 USD/ounce, up 9 USD/ounce compared to the same morning.
Looking at the technical picture, we can see that gold has returned to the expected resistance line.
Assuming that the short -term trend line still has the possibility of gold will break through the 1937 resistance level and aim for the target of 1945 USD and 1955 USD respectively. Can invite many buyers to participate in the game.
XAUUSD today's trading sessionXauUSD continues to fluctuate around the price of 1930 USD/ounce. It can be noticed that this metal has not had significant fluctuations compared to the session yesterday. However, when we look at the D1 chart, we can easily see that gold forms a peak at 1936 USD expected to decrease short -term.
Gold continues to wait for information from the Fed before deciding to increase or decrease significantly.
What is the next goal of gold?Hello everyone!
Today, the decline of the US dollar (USD) is an important factor to promote gold price increasing and trading around 1933 USD/ounce.
On the H4 chart in the long run, it is possible that the range of $ 1945 - $ 1947 will be the area that traders increased prices as well as a strong semi -seller for the seller. But with the market today there is no news like this, selling at $ 1933 will become more suitable for the purpose of expanding the scale.
Forecast of gold price today and forecast next timeHello everyone! Currently, gold prices are trading steady as supportive policy measures and strong business activity data from China have boosted market sentiment and dampened safe-haven demand for investors. against the US dollar, limiting the currency's recent gains.
Furthermore, the stagnant sentiment surrounding US Treasury bond interest rates is also supporting gold prices without generating profits.
Looking at Gold's technical picture on the 4-hour chart, we can see that strong resistance at $1,920 is holding with a possible drop to $1,900.
In the near future, there could be a scenario where gold sellers break the support level to start a new downtrend towards the static support level at $1,885.
XAUUSD facing resistance on Fib Golden zoneAs you can see that during this decline cycle gold price faced resistance on golden fib zone previously 2 times on daily time frame,
current price is also trading under this golden zone for current retracement phase , watch this zone carefully if daily candle close above this then we can expect good bullish move but if the price failed again to break above this then we can expect another down move .
