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Xauusd(w)

Gold price decreased but the upward momentum remained the sameIn general, the main trend of gold in the past week has been a decline, with a decrease of over $40 during the week. However, when looking at the long term on a daily chart, gold still maintains a strong upward trend with a stable ascending trendline. Gold has experienced a week of price decline as a corrective wave, testing the EMA 34 line at $2045 and the upcoming prospects are expected to test the EMA 89 line at around $2019. We can expect gold to recover from this point as it touches the trendline and finds support at that level (as marked on the chart).
OANDA:XAUUSDLong
by RKarina
XAUUSD CORRECTION PHASE ? WHAT'S NEXT ?Hello Trader's , Hope you are doing good. Happy weekend everyone . So we have seen the volatility of first week of 2024. Currently the range is 2050-2020 , Yesterday's closing at around 2045. From my experience i think GOLD will fall more on this upcoming week. We have CPI & PPI in this week. I think its a correction phase. I don't think it will fall below 2000 mark (except fake breakdown). I have marked the H4 critical level on the chart for smooth operation. You can see .
OANDA:XAUUSD
by martiantrader9
Gold price todayToday, the price of gold in the market is relatively intense between the selling and buying sides, with a focus on lowering prices still being emphasized. At the time of writing, the price is reacting to trading around $2047. The price of gold has decreased after the Federal Reserve released the minutes of its latest meeting on January 3, showing that the central bank is not yet ready to lower interest rates. Therefore, it is necessary to closely monitor important market news to grasp the trend of this precious metal in the upcoming period.
OANDA:XAUUSDShort
by RKarina
XAUUSD: What matters is the news tonight?Dear friends, what are your thoughts on the upcoming trend of Gold in light of the significant news affecting it? Currently, the price of gold is still trading steadily around $2040 USD, with little change from yesterday. The overall trend of gold remains bearish, with immediate resistance at $2050 USD. At the end of the day, the United States will release the Non-Farm Payroll report, which is quite important for gold as it may provide us with a fresh perspective on whether gold will continue to decline or rebound.
OANDA:XAUUSDShort
by RKarina
XAUUSD: new weekly trading strategyDear friends, what do you think about Gold? In general, Gold showed signs of decline last week, dropping over 40 USD from 2088 USD to 2045 USD. Towards the end of the week, Gold seemed relatively calm, focusing on a sideways trend with a resistance level at 2050 USD and a support level at 2030 USD. On Friday, when the Non Farm news was released, Gold experienced significant fluctuations, reaching a high of 2065 USD and a low of 2024 USD. However, Gold closed at 2045 USD without any major breakthroughs. Looking at the prospects and trend evaluation for the future: With the current situation of the USD gradually recovering, Gold still has a tendency to decline further, as seen by the reversal from the EMA 34 line on shorter timeframes and consolidation on the 4-hour chart. Breaking below the support level will push Gold back to the 2015 USD mark.
OANDA:XAUUSDShort
by RKarina
Gold price todayDear friend, Today, the price of gold in the market has fallen after reaching its highest level in the overnight trading session at $2,050 per ounce, marking the most significant decline in three weeks. The drop in gold prices is due to a sharp decrease in the number of US workers filing for unemployment benefits for the first time in the last week of 2023. On the other hand, gold prices are at risk of further declines as the US Federal Reserve recently signaled its readiness to cut interest rates at the end of the new year. The minutes of this meeting indicate that the rate-cutting cycle is likely to be longer than expected. This is putting significant pressure on the gold market. Furthermore, gold prices are under pressure due to the upward trend of the US dollar. However, analysts believe that while the strength of the US dollar today is partly responsible for the decline in gold prices, it is not the main factor. Therefore, it is crucial to closely monitor important market news to grasp the trends of this precious metal in the coming period.
OANDA:XAUUSD
by RKarina
Gold eyes first weekly loss in four ahead of NFP, $2,010 eyedGold price stays defensive while keeping the previous day’s recovery within a seven-week-old ascending triangle, floating above 100-SMA during early Friday. In doing so, XAUUSD braces for the first weekly loss in four. However, a steady RSI (14) line and an impending bull cross on the MACD suggest a continuation of the latest rebound, which in turn highlights a one-week-old falling resistance line, around $2,067 at the latest. Following that, the $2,090 level comprising the stated triangle’s top line will be crucial to watch as the metal’s sustained trading beyond the same will allow the metal buyers to challenge the all-time high marked during late 2023. On the contrary, the 100-SMA level surrounding $2,040 restricts the immediate downside of the Gold Price. However, the XAUUSD sellers remain off that table unless the commodity slides beneath the aforementioned triangle’s bottom line, close to $2,010 at the latest. Should the quote remain bearish past $2,010, the $2,000 threshold may test the sellers before directing them to the previous monthly low of around $1,973. In a case where the bears keep the reins past $1,973, the mid-November swing low of nearly $1,931 should gain the market’s attention. Overall, the Gold price is likely to remain sluggish, slightly positive, but a surprise fall beneath the $2,010 won’t hesitate to welcome bears.
OANDA:XAUUSD
by MTradingGlobal
Gold price fades upside momentum within bullish channelGold price snaps a three-day winning streak within a fortnight-old rising trend channel while positing mild losses near $2,065 during early Wednesday. In doing so, the XAUUSD justifies the overbought RSI (14) line and the sluggish MACD signals. However, the pullback moves remain elusive unless breaking the $2,042-41 support confluence comprising the stated channel’s bottom line, 50-SMA and the early month’s peak. Following that, a quick fall toward the $2,000 psychological magnet appears imminent while the monthly low surrounding the 78.6% Fibonacci retracement of the November-December upside, near $1,977, will restrict the quote’s further downside. In a case where the bullion sellers keep control past $1,977, the previous monthly low of around $1,930 will be on their radars. Meanwhile, the previously stated bullish channel’s top line, close to $2,080 at the latest, challenges the Gold buyer’s re-entry ahead of the $2,100 round figure. It should be noted that the overbought RSI and sluggish MACD will join the $2,100 to offer a tough fight to the bulls afterward. However, the metal’s successful trading beyond the $2,100 will allow the XAUUSD bulls to cross the latest peak surrounding $2,150 while aiming for the $2,200 threshold. Overall, the Gold buyers are running out of steam and hence allow the XAUUSD to retreat. Even so, the precious metal’s bullish trend remains intact.
OANDA:XAUUSD
by MTradingGlobal
Is XAUUSD gone Bullish?Bullishness in gold is highly expected for several reasons: 1. It is the month of December, which has lower volume, making it susceptible to manipulation by institutions. 2. Fundamentals favoring XAUUSD, such as CPI and cuts in interest rates by the Fed, contribute to the expected bullishness. 3. The market has already reached a new high at 2148 and experienced a retracement to 1973. Gold is expected to come down to the 2000-2010 region, and from there, bullishness might continue. It needs a healthy retracement for a rally. Additionally, the 1889-1900 region also needs to be filled, which can be seen in the next year. If institutions have other plans, they will let us know soon! Stay updated!
OANDA:XAUUSDLong
by Nitin_15
Gold buyers attack $2,055 resistance with eyes on Fed inflationGold price braces for the second consecutive weekly gain despite sluggish trading ahead of the Federal Reserve’s (Fed) favorite inflation gauge, namely November’s US Core Personal Consumption Expenditure (PCE) Price Index. In doing so, the XAUUSD pokes a two-week-old ascending resistance line, around $2,055 by the press time. Apart from the stated trend line resistance, the overbought RSI (14) and sluggish MACD signals also challenge the bullion buyers. Hence, strong data can push back the bullish bias by dragging the quote towards the immediate support, namely the 50-SMA level surrounding $2,020. It’s worth noting, however, that a six-week-old upward-sloping trend line near $1,995 will give the final fight to the sellers before giving them control. On the contrary, an upside break of $2,055 could quickly propel the Gold buyers toward targeting the $2,080 and the $2,100 resistance levels. It should be observed that such a strong run-up needs too weak US data and should allow the traders to ignore the overbought RSI, which in turn appears less likely. However, a clear upside break of $2,100 won’t hesitate to print the fresh all-time high, currently around $2,050, even during the year-end lackluster trading. Overall, the Gold buyers appear running out of steam ahead of this week’s key data, suggesting a pullback move in the commodity. However, the economics need to justify the market’s expectations of multiple rate cuts in 2024, failing to do so won’t do much harm to the XAUUSD price.
OANDA:XAUUSD
by MTradingGlobal
EURUSD AnalysisFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
AUSDUSD shortFOREXCOM:AUDUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
GBPUSDFOREXCOM:GBPUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
Gold Price Looks for UPTREND * Gold Price Movement: Gold prices are uncertain and fluctuating. * Upcoming Data Release: The market is waiting for the US core PCE price index data for November. * Fed Bostic's View: Atlanta Fed President Bostic sees no urgency for interest-rate cuts, emphasizing the strength of the US economy. * Fed Barkin's Approach: Fed's Barkin is data-dependent for rate cuts in 2024. * Current Gold Price: Gold is trading around $2,040. * Inflation and Interest Rates: Inflation is expected to soften with higher interest rates by the Fed. * Investor Optimism: Investors are optimistic about future rate cuts in 2024, despite warnings from the Fed about maintaining restrictive interest rates. * Divergence in Projections: Bostic's view contrasts with the median projection of three rate cuts, creating uncertainty in the market.
OANDA:XAUUSD
by tradewith_ritik