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📊 Forex Currency Technical Analysis - XAUUSD 📈📉Currency Pair: XAUUSD ( GOLD ) Time Frame: 1 DAILY TF Analysis Summary: 📝 As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's worth noting that some technical indicators are in contrast to the moving average, indicating a potential strong sell signal. Key Technical Indicators: 📈📉 Moving Averages: MA5 : 1969 (S) | 1963 (E) MA10 : 1936 (S) | 1938 (E) MA20 : 1889 (S) | 1919 (E) MA50 : 1922 (S) | 1912 (E) MA100 : 1922 (S) | 1918 (E) Relative Strength Index (RSI): RSI value is 68.223 and it is in BUY zone Support and Resistance Levels: 1964.96 & 1978.40 Chart Patterns: THREE INSIDE DOWN : Bearish Reversal ( Indication ), High ( Reliabilty),This pattern is a more reliable addition to the standard Harami pattern. A bearish Harami pattern occurs in the first two candles. The third candle is a black one with a lower close than the second. The third candlestick is confirmation of the bearish trend reversal (Description). THREE INSIDE UP : Bearish reversal ( Indication ), MEDIUM ( Reliabilty ), During an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next candle ( Description ). Price Analysis: 📈📉 The current market price of XAU/USD is $1,975, and it is indicating an uptrend. This upward movement is supported by technical indicators such as the RSI, moving averages (MA), and ATR (Average True Range), all of which are showing positive trends. Trade Recommendations: 📊📈 Consider taking a long position if the price breaks above the resistance level of 1978, with confirmation from the RSI. Educational Purpose This information is for educational purposes only, and you should conduct your research and consider seeking advice from financial professionals when making real investment decisions.
OANDA:XAUUSDLong
by tradewith_ritik
The return of GOLDGold price (XAU/USD) witnessed an intraday turnaround from the $1,885 region, or over a two-week high and settled near the lower end of its daily range on Thursday. Consumer prices in the United States (US) rose more than expected in September and lifted expectations that the Federal Reserve (Fed) will keep interest rates higher for longer. This led to the sharp overnight rise in the US Treasury bond yields and triggered a massive US Dollar (USD) short-covering rally, which, in turn, was seen as a key factor exerting pressure on the precious metal.
OANDA:XAUUSDShort
by Currency-Controller
5
Option and Market By Pro Trader's 👑🤑👑💸💸💸👑Royal Trend👑 Topic Trading Things In this video we try to understand the Option and Market By Pro Trader's 👑🤑👑💸💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
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.
FXOPEN:XAUUSDLong
by PRIMERONIN
The Fed maintains its hawkish stanceGold prices extended the previous day's healthy recovery from $1,900 or above three-week lows and gained stronger traction for the second straight day on Friday. Momentum lifted XAU/USD to three-day highs around the $1,915-$1,916 region during the Asian session, although a meaningful upside move still seems unlikely. The US Dollar (USD) has pulled back from its highest since March reached on Thursday and is seen as a key factor driving some of the flows towards US Dollar-denominated Gold prices. The decline in USD may be due to profit-taking amid a slight weakening of United States (US) government bond yields. However, strong expectations that the Federal Reserve (Fed) will keep interest rates higher for longer will be a driver of US bond yields and the Greenback.
OANDA:XAUUSD
by Rancy-SuperTrend
2
Gold is trying to recoverGold prices traded around $1,920 per troy ounce in the first hours of trading during Monday's Asian session. The precious metal managed to hold on to its previous weekly close, receiving some support from the weakening US Dollar (USD). The US Dollar Index (DXY), which measures the Greenback's performance against six major currencies, is currently trading around 104.80, slightly below its peak since April. However, US Treasury bond yields are rising, which could put pressure on the yellow metal's price. The yield on the 10-year US Treasury note increased to 4.29%, up 0.52%.
TVC:GOLD
by Rancy-SuperTrend
CPI news today will be very excitingGold prices tried to make up for the previous day's losses, trading around $1,910 per troy ounce higher in the early trading hours of Wednesday's Asian session. This currency pair is trending up due to the decrease in the value of the US Dollar (USD). However, gold prices face challenges as the market is cautious ahead of the release of US inflation data, expected to be released later in the North American trading session. The US consumer price index (CPI) is expected to increase 0.5% month-on-month, up from 0.2% the previous month. Meanwhile, core CPI, which excludes food and energy price fluctuations, is expected to steady at 0.2%
TVC:GOLD
by Rancy-SuperTrend
1
GOLD long setup (check the description)we have captured the down trend since the beinginng on trend change currently price has breached some fair value area and ob's from medium time frame as i have captured the big trend personally i wont be shorting instead will wait for my buying zone 58810 and 58665 is new current resistace 58275 and 58120 is the level where price would like wick this level to sweep the liquidity and stop loss of remaining buyers there after 58090 - 57970 would be the non mitigated old order block where there will be order and we can new buying from this level 57650 to 57875 will be last demand zone for gold where it will be value zone for buyers
MCX:GOLD1!Long
by Jimmy_Rebello
Gold price increased in the Asian and European trading session🍀Gold price trades higher around $1,930 a troy ounce, rebounding from the losses registered in the previous week. The pullback in the USD is providing support in strengthening the prices of Gold, which could be attributed to the lower likelihood of the US Fed keeping interest rates unchanged in the upcoming September. 🍀Gold price increased in today's Asian and European trading session. continuously increased from 1919 price after opening to 1930. We can wait to catch a rebound from gold 🍀Interesting knowledge about trading Trading is not as interesting as many people think. Trading is a boring job! With repeated actions that are not allowed to bring emotions into it!
OANDA:XAUUSD
by Mars_Hunter
3
Gold price suddenly decreased slightly today. Why ?Hello dear traders! Nice to see you all again to explore and discuss today's market! Currently, the gold price has had a slight decrease from the previous session after reaching a peak of $ 1,952.79 / ounce, the highest this month, then falling to $ 1,936 / ounce. Gold is expected to see significant changes ahead of the Federal Reserve's upcoming monetary policy meeting on September 19-20, I expect gold prices to continue to receive strong support. . Wishing you successful and effective trading endeavors.
OANDA:XAUUSDLong
by Mars_Hunter
6
XAUUSD-Triple bottom pattern formedAt the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week. If we label the short-term waves from the 1916 to 1928 area this morning, we will see that 5 short-term waves have completed, so the probability this evening may continue to confirm another selling phase back into the market. sidedway border. If you trade, please note that you should only trade around the upper and lower borders and reduce the trading volume. It is expected that if selling pressure occurs, GOLD will fall back around the 1922 - 1923 area.
OANDA:XAUUSD
by Mars_Hunter
1