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Goldtrading

UPDATEWill gold get past $2K? The rising banking fears have been so significant that even gold, which has been rising sharply in recent days on falling yields, has struggled to get past $2,000. But its appeal as a safe-haven asset and the rallying bond markets suggests it is just a matter of time. Indeed, the US dollar has continued to weaken against the yen, as the short-end of the yield curve remains under pressure, with US 2-year yields dropping below 3.60% today. The market is thus betting that we have reached a peak in terms of rate hikes and that from here looser monetary policy should follow. Keep and eye out for your fundamentals & and pay attention to price action.
OANDA:XAUUSD
by affinitymarkets12
LONGGOLD Technical Analysis: Gold have been trending higher for the past few weeks we have seen price moving higher with some strong bullish momentum, there is a high chance for some retracement on Gold we can potentially move back into 1942.81 area where we have our 50% fib retracement zone. Once of fib is being respected we can potentially target gold last high in march 2022, and go past that area if buyers are strong enough to hold that trend. Keep an eye on gold gold for some opportunities remember to be patient and wait for the market to give you entry point base on your strategy.
FXOPEN:XAUUSD
by affinitymarkets12
Upwards correction; Short-term Elliotical approach to XAUUSD.Hello Traders! 1. We see a 5 -wave impulse down which had been expected a long time coming. 2. Now there is an expected correction upwards from the market. 3. We have clear strong support and resistance . 4. Breaking of the Trend line should confirm our entry. The break of waves 2-4 trendline mostly marks the confirmation of the beginning of the correction. 5. Be smart with your risks. Trading a correction is very risky and is not advised for beginner traders. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:XAUUSDLong
by UnknownUnicorn27677748
Gold Buy - From A Drastic DropIt's important to note that making investment decisions based solely on short-term price movements can be risky. However, if you're considering buying gold after a drop from $1851 to $1822, here are a few things to consider: Gold has historically been seen as a safe haven asset during times of economic uncertainty or market volatility. If you believe that the global economy is facing challenges or that the stock market may experience a downturn, gold could be a good option to help diversify your portfolio. The drop in gold price from $1851 to $1822 could be seen as a buying opportunity. If you think that the long-term fundamentals of gold remain strong, then a short-term drop in price could be a good opportunity to buy in at a lower cost. It's important to consider the reasons behind the drop in gold price. Was it due to a change in economic indicators or was it caused by short-term market volatility? Understanding the underlying factors that caused the drop can help you make a more informed decision about whether or not to buy.
OANDA:XAUUSDLong
by Epic1st