Strategy and signals OANDA:XAUUSD
✅As per our Technical Confluence indicator, the Gold Price floats within a $40 region multiple resistance area ahead of this week’s top-tier US inflation and employment clues.
✅That said, a convergence of the Pivot Point one-day R1 and the previous daily high guards the immediate recovery of the Gold Price near $1,928.
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Today's review OANDA:XAUUSD
Last week, international gold prices continued to fall as the US Dola Index and 10-year Treasury yields on the rise for the fourth consecutive week.
US consumers have begun to stress more in living and saving in spending due to continuously rising US interest rates. Force the Fed to stop raising interest rates if it doesn't want...
My strategy TVC:GOLD for today
After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States.
Gold prices continue to face...
TVC:GOLD Our Technical Confluence Indicator shows that Gold Price creates an immediate upside barrier around the $1935-35 level, including the 61.8% Fibonacci on one day and one month, as well as the Bollinger middle band on the chart. hourly items.
Then, one-day Pivot Point R1 and one-day Pivot Point R3 could test Gold buyers near $1940 and $1948...
TVC:GOLD Gold buyers appear to have found a temporary support at the July 12 low of $1932 at the moment. But the gold sellers are likely to regain equilibrium, sending the rate back to the static support seen around $1925.
Additional declines will challenge the early-July lows around the $1910 region.
Additionally, Gold buyers will find an immediate upside...
OANDA:XAUUSD XAU/USD briefly surpassed the 38.2% Fibonacci retracement level of its recovery, measured between $1,902.62 and $1,987.40 at $1,954.88, but remains below the retracement level. 23.6% retracement at $1,967.37, immediate resistance.
The daily chart shows that Gold is currently hovering around a bullish 100 Simple Moving Average (SMA), which maintains...
TVC:GOLD Gold prices attracted some buying power in the Asian session on Friday and partially reversed the previous day's sharp decline to a two-week low on upbeat macro data from the United States.
GOLD is now trading around the $1,950 region, up 0.20% on the day, although the upside looks limited given the growing possibility of the Federal Reserve (Fed)...
OANDA:GBPJPY The GBP/JPY pair found strength around 180.80 and recovered strongly during the Asian session. The crossover attracts significant bids as the Bank of England (BoE)-Bank of Japan (BoJ) policy divergence is set to widen further.
According to Fibo and EMA showing great sell signal at the moment, let's wait for the profit I can bring you
OANDA:XAUUSD The 14-day relative strength index (RSI) heads north above the midline while the sloping 21 DMA is set to cross the 50 DMA to the upside, suggesting Bull Cross.
Technical indicators still favor Gold buyers in the near term.
On the downside, immediate support awaits at the intraday low of $1970, below which the 100 DMA of $1966 will come into play....
OANDA:XAUUSD Gold price does not work around 1960$ support turned resistance level including 100-DMA and 61.8% Fibonacci convergence in one day and one week.
The possibility of XAU/USD breaking above the 1,960$ barrier combines with the upbeat sentiment and a pullback in the US Dollar to keep buyers hopeful of breaking the 1,970$ resistance confluence that...
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...
