Get started

Goldidea

Don't miss the great buy opportunity in GoldTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1310.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 86. Take Profits: TP1= @ 1324.45 TP2= @ 1333.00 TP3= @ 1347.10 SL= @ 1286.00
FX:XAUUSDLong
by ForecastCity_EU
1
GOLD Short Term Analysis - Bearish Trend Gold pair moved higher but still remained in trading range after holding support level on Tuesday.Stronger than expected US home sales buoyed the dollar, which continued to move higher on Wednesday. As technically the Gold trading in the range of 1260 to 1285.00,Prices appear to be forming a bear flag pattern after breaking down last week below support near the 1,284 level. Short term near resistance level 1282 and another upward sloping trend line 1284. We can see one more fall from 1280 to 1284 to test 1260/1250. Short @ 1281 TGT: 1270/1262 SL: 1286.00 Gud luck !
FOREXCOM:XAUUSDShort
by Forextuitions
Gold broke major support for more sell side direction XAUUSD Technical Overview: Pivot: 1188.20 Key Resistance: 1184.55 - 1188.20 - 1192.89 - 1196.48 Key Support: 1180.23 - 1176.45 - 1174.88 - 1171.43 Technical Indicator: RSI: The indicator having bullish divergence but moving under 50 level near to oversold condition. Moving Average: CMP 1182 Price moving under Simple moving average 100 & 55, sign for more down trend ahead. Technical Trade Idea: Most Likely Scenario: short positions below 1188.20 with targets at 1182.55 & 1176.45 in extension. Alternative scenario: above 1188.20 look for further upside with 1191.89 & 1194.66 as targets. Overall, Gold markets broke down rather significantly during the day on Thursday, slicing through the $1200 level like it wasn’t even there. Furthermore, we broke below the hammer at the $1195 level, which is a further sign of weakness. the US economy is running at full steam ahead, it was appropriate that the Fed removed that sentence from the statement - But what markets traded was the forward outlook - As the policy rate moves closer to estimates of neutral, members of the FOMC and observers, market participants, now forecast a modestly restrictive terminal FFTR while other Central Banks embark on their own normalization of policy, thus stripping some of the yield advantages out of the long end of the curve for the dollar. However, in the near term, the dollar remains on top and following today's set of economic data,"Between Chairman Powell's comment yesterday the that the U.S. economy is in a particularly good spot and today's robust durable good orders and excellent business spending, despite the August pause the six months to July saw the strongest investment spending in five years, the dollar has room to run on the American economy alone." US economic data US: Pending home sales decline by 1.8% in August vs 0.4% expected. US: Durable goods orders increased by 4.5% in August following July's 1.2% contraction. US: Real GDP expanded at an annual rate of 4.2% in Q2 to match expectations. FOMC outcome notes As expected, the FOMC raised the FFTR and the IOER by 25bps at its September meeting. ‘Dot-plot’ distribution around three hikes in 2019 narrowed; FOMC still sees strong growth as cyclical. 2021 projections indicate a ‘soft landing’ through lower real growth and slightly higher unemployment. The only significant change to the statement was the removal of the description of monetary policy stance as “accommodate”. Thanks YoCryptoManic
FX_IDC:XAUUSDShort
by yoCryptoManic