Get started

Gold

Gold outlook 21/12/2022Gold price needs to recapture the previous high of $1,821 to challenge the multi-month top at $1,825. Acceptance above the latter will initiate a fresh upswing toward the $1,830 round figure. The 14-day Relative Strength Index (RSI) has turned but holds comfortably above the midline, suggesting that any pullback in Gold price remains a ‘good buying’ opportunity. Further, the bullish 21-Daily Moving Average (DMA) at $1,782 is on the verge of cutting the horizontal 200DMA at $1,785 from below, awaiting confirmation of another Bull Cross. The upward-sloping 50DMA pierced through 100DMA for the upside last week, which could be partly attributed to the renewed upside in the Gold price. However, if Gold bulls fail to take out the $1,825 resistance, then a reversal toward the 200DMA support. Ahead of that the December 14 high of $1,814 could be tested. Also, the $1,800 threshold will offer strong support to Gold buyers should the retracement gather traction.
TVC:GOLD
by OAurthor
Gold bears need to crack $1,770 hurdle to retake controlGold bears struggle inside a one-month-old rising wedge bearish formation, recently bouncing off the support line. The 21-DMA adds strength to the confirmation point near $1,770, which is the lower line of the pattern. A clear break of the same could trigger a slump toward nearly four-month-long horizontal support surrounding $1,730. Following that, the $1,700 threshold and the theoretical target of the rising wedge, close to $1,650, will gain the market’s attention. Meanwhile, the $1,800 round figure and the upper line of the stated wedge, around $1,818, could lure gold buyers. In a case where the metal crosses the $1,818 resistance, the 78.6% Fibonacci retracement level of the mid-June to late September downside, near $1,821, could challenge the bulls before giving them the throne. In those conditions, $1,858 and $1,880 may act as buffers during the north run that ultimately aims for the $1,900 round figure. Overall, Gold price loses upside momentum but the sellers have a tough task to retake power.
OANDA:XAUUSD
by MTradingGlobal
GOLD H1hi guys, all of us doing good ,quick update on gold h1 chart we are alredy traveled for 2 swings in short period and now begins another swing we will grab all of this swing movements in inch by inch , bullish targets 1796 holding above next targets open on 1804 1788 holding above next targets open 1793,1797,1804,1807 1804 holding above next target open on 1819 bearish targets , 1804 holding below next targets open on 1796,1793,1788,1786 1793 holding below next target open on 1788 1786 holding below next target open on 1781
OANDA:XAUUSD
by Forextamil
Right direction is more important than speedHello Friends, Hope you are doing well, Today I am sharing a very little and simple fact, which is very much needed to survive long life in market and to be a profitable trader in market, here we are talking about direction and speed because, when you’re heading towards right direction, every single step you take is real progress, but if you’re going in the wrong direction, every single step is pushing us in minus. Direction can be decided by analyzing charts and Speed (position sizing) is decided as per money management rules, One should always digest the initial level first, where he is, and also where he reaches next, one can only survive in market until capital is wiped out, so always remember, to save capital from losses is also gain. The journey of a thousand miles begins with one single step, make sure that first step is in the right direction. When making important decisions that have long-term implications like financial decisions, slow down and check carefully risk reward ratios and money management rules and carefully evaluate your available options before starting or executing it. This post is just for educational purpose, See you all next week. 🙂 RK 💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSEIX:NIFTY1!Education
by RK_Chaarts
1
GOLD H1hi guys i hope all fo us doing good ,previous chart analysis tragets are hitting accuretely review on it ,past week we are traveling full swing that movement hold on rest litelbit today we are expecting range market buyers and seller aggrasively battel on it stay focus on importans areas bullish targets 1791 holding above next targets open on 1797,1803,1806 1806 holding above next target open 1815 bearaish targets 1788 holding below next target open on 1783 1788 holding below next target open on 1783
OANDA:XAUUSDShort
by Forextamil
#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1820 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade
Rising wedge teases gold sellers below $1,800Gold buyers appear running out of steam, despite grinding around $1,770 of late. That said, the metal portrays a one-month-old rising wedge bearish chart pattern, recently poking the support line of the formation surrounding $1,773. However, the 100-SMA acts as an extra filter towards the south near $1,763 before directing the metal bears toward the theoretical target of around $1,627. It should be noted that the 200-SMA level around $1,720 and the $1,700 round figure could act as intermediate halts during the anticipated fall. Alternatively, the $1,800 threshold could restrict the short-term recovery of the gold price. However, an upside clearance of the $1,813 hurdle becomes necessary to defy the bearish formation. Following that, a gradual run-up towards June’s peak surrounding $1,880 can’t be ruled out. In a case where the metal buyers keep the reins past $1,880, the $1,900 round figure and May’s peak near $1,910 will be in focus. Overall, gold awaits a fresh signal to welcome bears as it prints the rising wedge formation on the four-hour play.
OANDA:XAUUSD
by MTradingGlobal