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Goldspot

XAUUSD - Positional Short SetupCMP - 2326.41 on 30.06.24 The price movement in recent sessions is analyzed on the chart. If it does not cross and sustain above the 2340-50 levels, this setup remains valid with a short view. Possible targets may be 2280/2200. The setup becomes invalid if the price sustains above 2350 for a couple of days. One has to choose the position size following risk management. Always think about the exit/stop loss while entering into a trade. This illustration is only for learning and sharing purposes, not a bit of trading advice in any form. All the best.
FXOPEN:XAUUSDShort
by anandlive
📊 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
XAUUSD POSSIBLE BULLISH From a technical perspective, repeated failures near the $1,810-12 resistance zone and the subsequent fall on Friday suggests that the recent positive move has run out of steam. This might have already set the stage for a slide towards testing the $1,762 support area. The corrective pullback from multi-week tops could further get extended towards October monthly swing lows, around the $1,745 area. On the flip side, any meaningful recovery now seems to confront stiff resistance near the $1,790-92 region (100/200-day SMAs confluence) and remain capped near the $1,800 mark. A sustained strength beyond could allow bulls to make a fresh attempt to clear the $1,810-12 barrier and push gold prices towards the $1,832-34 heavy supply zone
OANDA:XAUUSDLong
by kripsonasir
(COMEX) GOLD SPOT - Next Big Move (EWT)(COMEX) GOLD SPOT started to make the bearish Elliott wave. After making the 3rd wave, it started to make the 4th wave. It may see 1970+ The trend will fall again after a particular level around 1965 , to make the 5th wave. And after taking a reversal, it will fall up to the dynamic support. After the breakout of the dynamic support, it will hit 1900 - 1886 , up to the resistance, and after breaking resistance, the trend will touch 1850 - 1790 . But what if starts to move upside? 1. If it starts to move upside, 2. Or takes a reversal from a particular level Then it's the failure of the Elliott wave pattern. And the target for the uptrend is as following 1979 - 2000 . Analysis Based on the indicators: DMI - ADX is less than 25 means downside movement, and +DI is above -DI that shows an uptrend. RSI is showing a downtrend.
COMEX:GC1!
by freestocktips
2
Gold Spot vs MCX Gold - Weekly Reports & TipsHere I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week's trend. In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold. I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will fall for 50000 - 49860 - 49500 levels. According to this chart, gold is trying to climb upward after hitting the PC. And if it remains into the PC, we may see 51000 - 51500+ levels before the weekend.
MCX:GOLD1!
by freestocktips