Analysis and signals OANDA:XAUUSD
👉 This week, international gold prices increased continuously from $1,912.5 to $1,952 and closed at $1,939.
👉The reason why gold prices rose sharply this week was because the US labor market continued to show less positive signals. Specifically, although NFP EMPLOYMENT data in August reached 187,000 jobs, higher than the...
Expectation strategy OANDA:XAUUSD
Gold temporarily ignores the view of the small frame, with the h4 view, the rsi indicator currently shows that it is in the oversold area, the price is also far away from the ema range calculated for chart D1, which means this area is no longer the best selling area if you look at it. long-term.
Calculating the decline phase...
Trading strategies TVC:GOLD :
TVC:GOLD price declined due to pressure from the rise of USD. This morning, the US Dollar Index, which measures the volatility of the greenback, exceeded 103 points, taking away TVC:GOLD the attractiveness of TVC:GOLD .
Interest rates did not decrease, causing investors to continue withdrawing capital from TVC:GOLD ...
Analysis TVC:GOLD
It’s worth noting, however, that the Relative Strength Index (RSI) line, placed at 14, remains below 50.0 and suggests bottom-picking, which in turn highlights the 61.8% Fibonacci retracement of the Gold Price run-up from late February to May, near $1,910.
In a case where the XAU/USD drops below $1,910, the $1,900 round figure will precede...
Golden comment:
The TVC:GOLD pair trades around a Fibonacci level, the 61.8% retracement of the $1,902.62/$1,987.40 rally. Technical readings in the daily chart indicate that the risk skews to the downside as indicators accelerated their slides within negative levels, reaching fresh one-month lows. At the same time, the pair stands below its 20 and 100 Simple...
OANDA:XAUUSD Gold prices gained some positive traction during the Asian session on Wednesday and partially reversed the previous day's sharp decline to the $1941 region, or three-week low.
However, XAU/USD is having a hard time capitalizing on modest gains on the day and is currently trading just below $1,950, still up more than 0.20% on the day.
Today my...
OANDA:XAUUSD Gold price reversed from the nine-week horizontal resistance and broke the two-week support line to convince the sellers.
The downside in XAU/USD also takes cues from bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and the descending Relative Strength Index (RSI), set at 14, which is not oversold.
With this, Gold...
TVC:GOLD In the event that the Gold Price still falls through the $1,930 level, the possibility of seeing a drop towards the round figure of $1,900 and then to the yearly low of $1,893 marked in June.
Additionally, the support-turned-resistance line has lasted since early July, around $1975 at press time, defending the immediate upside in XAU/USD...
OANDA:XAUUSD The US dollar benefited from a fresh rise in US Treasury yields, sending gold prices plunging.
Amid increased hawkish sentiment around the Fed rate outlook, all eyes will be on Fed Chair Jerome Powell's speech later Wednesday.
The 14-day Relative Strength Index (RSI), suggesting that gold's downside risks remain.
So, the nearest support is at...
