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Goldlong

What to do after sudden gold rise?🌸Hello everyone, it's a pleasure to share and explore the market with you today. Currently, the gold market (August 24) has increased significantly compared to the previous session. Gold has now far outstripped a dangerous $1,900 price point after economic data from Europe showed a less positive purchasing managers index (PMI), prompting investors to ramp up their purchases of gold to hedge risks. . 🌸Specifically, PMI in this region in August was 43.7 points, higher than 42.7 points in July and higher than the forecast level of 42.6 points. However, this is still far short of the 50-point expansion threshold for manufacturing. 🌸The best trend today you can wait for gold to test about one business and then buy. 🌸You can set up buy order at 1910-1908 SL 1903 TP 1920.1925
OANDA:XAUUSDLong
by Mars_Hunter
1
Gold is still compressed waiting for NFGold prices extended their recovery for the third consecutive session and touched $1,950 on Wednesday. This daily increase is due to increased open interest and it suggests that additional profits will emerge in the near future. However, the next important target for the precious metal is the high of USD/troy ounce in July 1987 (July 20). Our Technical Confluence Indicator is signaling that Gold Price is breaking out of the confluence of the $1935–36 support, indicating the next uptrend to watch. However, the key supports mentioned include Pivot Point S1 for one day and Fibonacci 61.8% for one month.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold price today August 31: Gold reached a 3-week peakGold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs. According to experts, the US stock market is trending up. The sentiment of overseas traders and investors has improved, as China continues to implement measures to stimulate the economy, which are positive factors for gold prices. Short trading plan: Sell Gold 1953-1955 SL 1960 Plan nonfarm Buy Gold 1933-1935 SL 1928 Sell gold 1965-1967 SL 1973
OANDA:XAUUSD
by Mars_Hunter
1
Tonight's ADP PredictionGold (XAU/USD) lacks bullish momentum at three-week highs, hovering in the $1,937-38 range by year-end, as traders look for more clues to confirm the dovish trend of gold. The United States Federal Reserve (Fed) globally. Upbeat US data earlier in the day. Also challenging XAU/USD gains are mixed concerns about US-China relations and sluggish US Treasury yields. The cautious mood ahead of US ADP Employment Change, Second-quarter Gross Domestic Product (Q2) and US Personal Consumption Spending (PCE) appear to have boosted the outlook, boosting the outlook. Gold buyers to many highs. Disappointing US jobs, employment and housing previously raised concerns about the Fed's policy axis, especially after Fed President Jerome de Jerome de pressured the turmoil of the Fed. mambela data
OANDA:XAUUSD
by Rancy-SuperTrend
Gold and the way to find the bottom⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US. Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week. ⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark. ⚡️BUY XAUUSD: 1878 - 1880 ❕Stoploss : 1875 ✔️Take Profit : 1885 ✔️Take Profit : 1890 ✔️Take Profit : 1895 Note : TP, SL full to be safe and win the market !
OANDA:XAUUSDLong
by Mars_Hunter
1
Elliott Wave Analysis of GoldHello Friends Welcome to our Elliott Wave analysis of the Gold chart! This analysis helps us make sense of Gold's price movements by spotting repeating patterns. Think of it like finding familiar footprints in the sand. Imagine Gold's price as a series of waves. Elliott Wave theory suggests that these waves repeat in predictable patterns. We'll be looking for five main waves within an overall trend and smaller waves in between. The goal is to figure out where Gold might be in its current wave pattern. This can give us clues about whether the price might go up or down in upcoming days. Remember, no analysis is a crystal ball. While Elliott Wave can be helpful, it's just one piece of the puzzle. Market news and events also matter. By understanding these wave patterns, we aim to predict potential future movements in Gold's price. So, let's ride the waves of analysis and see what they might tell us about Gold's journey ahead. Overall it looks little down first, then little big contra trend upside near $ 1910 or more, and then again down continuation towards $1820 - $1850 might be. 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. 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...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
FOREXCOM:XAUUSD
by RK_Chaarts
4
Gold trend is up slightly at the beginning of next week⚡️At the end of the week, spot gold XAU/USD recovered slightly to $1,890, but it remains poised for a 1% weekly drop, the fourth consecutive weekly drop. The metal appears to be consolidating losses after seeing the red for the previous four days and also bullish on risk aversion as the market worries about the health of the Chinese economy. ⚡️The bulls are trying to recover but are still deep in the negative zone. With an ascending slope below its midline, the Relative Strength Index (RSI) shows the possibility of increased buying pressure, while the Moving Averages Convergence (MACD) shows middle red bars count. Support levels: $1,870, $1,850, $1,830 Resistances: $1,900, $1,906
TVC:GOLD
by Mars_Hunter
1
Gold Comment 18/08 – Strong recovery but downtrend is still ther⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. ⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then plummeted away from this point. At the same time, the 20 SMA is stable at the top, compatible with the overall bearish direction. Importantly, technical indicators have hit negative levels, showing the strength of sellers. Finally, the technicals are mostly bearish, with the Relative Strength Index (RSI) sliding into the oversold zone. BUY XAUUSD price range: 1882 - 1884 Stoploss : 1877 Take Profit : 1890 Take Profit : 1895 Take Profit : 1900
TVC:GOLDLong
by Mars_Hunter
1
GOLD has not yet escaped from the price band 1905OANDA:XAUUSD prices recently dropped to a low since March of last year, putting pressure on the $1890 area. Market participants are feeling nervous about the changes, especially after the Fed (US Federal Reserve) expressed concern about inflation and the possibility of interest rate hikes. While the US is not the only country facing the challenge, the situation in the UK and China is also having an impact. The employment and inflation figures in the UK have created curiosity, especially about the Bank of England's (BoE) interest rate hike policy. Meanwhile, in New Zealand, the Reserve Bank of New Zealand (RBNZ) maintained interest rates and faced an upbeat situation on inflation. Besides, China is also facing difficulties, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. BUY XAUUSD: 1886 - 1884 Stoploss : 1880 Take Profit : 1890 Take Profit : 1895 Take Profit : 1900
OANDA:XAUUSDLong
by Mars_Hunter
2
XAUUSD : Appearance of weakness in the 1900 zone?U.S. retail sales data released on Tuesday showed consumer spending remained strong in the country, potentially indicating more inflationary pressures in the coming months. Investors mostly favor the dollar and Treasuries as a safer haven than gold, as risk appetite worsens amid worsening economic conditions across most globally, especially in China. The greenback steadied near 1-and-a-half month highs on Wednesday, after recovering sharply from 2023 lows over the past month
OANDA:XAUUSD
by Rancy-SuperTrend
XAUUSD_Bull lost the initiative for the time beingGold price today on August 17 on the market continued to plummet to 1893.03 USD/ounce and lost the support level of 1,900 USD/ounce. Gold weakened because the dollar in the international market soared in the past few days in the context of the US Federal Reserve (Fed) maintaining tight monetary policy. Meanwhile, many Asian countries accelerate monetary easing to revive their economies, pushing down gold prices. The USD is also increasing in the short term. Gold prices may remain under downward pressure for the rest of the summer. However, the short-term drop in gold is seen as an entry opportunity. Gold is likely to increase rapidly in the spring and next year. Gold's long-term uptrend is appreciated. Trading plan: BUY XAUUSD around price: 1885 - 1883 Stoploss : 1879 Take Profit : 1890 Take Profit : 1900 Take Profit : 1905
TVC:GOLDLong
by Mars_Hunter
2
Plan Buy waits for the news todayThe dollar strengthened after some disappointing Chinese economic indicators stoked concerns about global growth, boosting demand for the safe-haven greenback. Recently, the dollar rose on concern that prolonged inflation will cause the Federal Reserve to keep interest rates higher for longer than previously expected by traders. The USD is also increasing in the short term. Gold prices may remain under downward pressure for the rest of the summer. However, the short-term drop in gold is seen as an entry opportunity. Gold is likely to increase rapidly in the spring and next year. Gold's long-term uptrend is appreciated. BUY XAUUSD around price: 1885 - 1887 Stoploss : 1880 Take Profit : 1890 Take Profit : 1900 Take Profit : 1905
OANDA:XAUUSDLong
by Mars_Hunter
3
Gold Price Forecast: XAU/USD looks weakGold (XAU/USD) prices remained pressured at $1,901 in the early hours of the Asian session on Wednesday as it reversed a late-Tuesday correction from seven-week lows in cautious mood context. That said, the risk aversion engendered by China coupled with upbeat US data and belligerent negotiations by the Federal Reserve, as well as fears of seeing a downgrade credit ratings of major US companies, weighed on sentiment and XAU/USD the previous day. That said, bullion initially rebounded early Tuesday amid market consolidation ahead of today's Federal Open Market Committee (FOMC) Monetary Policy Meeting Minutes. Trading plan: BUY GOL D 1893-1895, SL: 1885, TP: 1905,1910 Remember to install SL to ensure the safety of your account, if you agree with my strategy leave a comment below
OANDA:XAUUSDLong
by Mars_Hunter
2
GOLD - Accumulate around 1910 USDWith news Core retail sales better than expected.The USD immediately benefited and pushed gold down However, when GOLD touched the H4 trend, it bounced back, causing gold to continue to enter the trajectory of the parallel trend.Gold has now bounced and created a short-term buying trend The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of six major currencies, continues its fifth consecutive day of gains. Trading plan: BUY XAUUSD soup around the price: 1896 - 1894 Stoploss : 1890 Take Profit : 1905 Take Profit : 1910 Take Profit : 1920
TVC:GOLDLong
by Mars_Hunter
1
There are signs of gold's recoveryTVC:GOLD Price cheers US Dollar decline, as well as mixed effect on market consolidation ahead of top US data/events to depict recovery correction rebound from 5-week low. Going forward, US Retail Sales for July, expected to be 0.4% month-on-month versus 0.2% prior, will be important to keep an eye on the intermediate directions of TVC:GOLD Price. US retail sales, FOMC Minutes looking for clear directions, risk catalysts also in the spotlight. Trading plan: SELL XAUUSD: 1919 - 1921 Stoploss : 1926 Take Profit : 1915 Take Profit : 1910 Take Profit : 1900 Note : TP, SL full to be safe and win the market !
TVC:GOLDShort
by Mars_Hunter
2
Gold price today: Under the pressure of USD, gold price continueThe world gold price today listed at 1,917 USD/ounce, down 10 USD/ounce compared to the early hours of the morning. The world gold price continued to decline today as the dollar soared after China released many disappointing economic data. Besides, the US economy is making strong recovery steps. The growth rate of 2.4% in the second quarter of 2023 exceeded expectations. Inflation has fallen to 3%. Consumer sentiment is improving. Although USD rebounded on positive signals from the US economy, this currency in the medium and long term is in a downtrend. The Fed will soon reverse monetary policy, from tightening to easing, thereby putting pressure on the USD. A fall in the USD price will pull the gold price up. Trading plan: SELL XAUUSD price range: 1913 - 1915 Stoploss : 1920 Take Profit : 1910 Take Profit : 1905 Take Profit : 1900 Note : TP, SL full to be safe and win the market !
OANDA:XAUUSDShort
by Mars_Hunter
4