Xauusdlong
XAUUSD: what is going on?From a short-term technical perspective, nothing seems to have changed for Gold price, as a correction from a seven-month trough remains on the table.
The 14-day Relative Strength Index (RSI) indicator stays heavily oversold, justifying a case for a Gold price rebound anytime soon.
Should Gold price stage a decent comeback the initial support-turned-resistance at the $1,850 level will be challenged. The next upside barrier is aligned at the September 28 and 29 highs of $1,880 on the road to recovery.
However, if Gold buyers fail to find a strong foothold above the $1,850 mark, the downtrend could gather steam once again. Gold price will need to crack the previous day’s low of $1,815 to tale on the crucial support at the $1,810 level, where the March 8 low is registered.
The $1,800 threshold will be the level to beat for Gold sellers.
The 100-Daily Moving Average (DMA) is looking to cross the 200 DMA from above, suggesting that any pullback in Gold price from multi-month lows could prove temporary.
XAUUSD: Today!Gold could stage a rebound if $1,810 support holds
Gold is currently consolidating its losses from the past week and is trading at its lowest level in seven months, below $1,820. Despite this, the overall bullish sentiment surrounding the United States Dollar (USD) remains strong, primarily due to the significant increase in US Treasury bond yields. As a result, the XAU/USD price is experiencing further downward pressure.
Gold price suddenly decreased slightly today. Why ?Hello dear traders! Nice to see you all again to explore and discuss today's market!
Currently, the gold price has had a slight decrease from the previous session after reaching a peak of $ 1,952.79 / ounce, the highest this month, then falling to $ 1,936 / ounce.
Gold is expected to see significant changes ahead of the Federal Reserve's upcoming monetary policy meeting on September 19-20, I expect gold prices to continue to receive strong support. .
Wishing you successful and effective trading endeavors.
XAUUSD_ Analysis August 28, GOLD has vitality again⚡️In a speech at the central bank conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said inflation remains too high even with recent favorable figures and that the US central bank has room to substantial basis to regain price stability. But at the same time, Powell noted that economic uncertainty calls for "aggressive" monetary policymaking and that the Fed will proceed "with caution" when deciding on its next policy move.
⚡️Powell's message on Friday was in line with mixed signals from other Fed officials in the run-up to the meeting. Philadelphia Fed President Patrick Harker told CNBC he doubted the central bank would need to raise rates again, but also said he wasn't ready to predict when rate cuts might begin. Boston Fed President Susan Collins said on Yahoo Finance's video channel that interest rates could be near or at their peak, "but could certainly increase further."
⚡️Plan: BUY XAUUSD price 1907-1909. SL 1903. TP 1915, 1920
Gold Market Analysis: Growth Prospects Next WeekGold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains.
On the hourly time frame, the ascending channel resistance was previously broken, all expectations are for further growth, I told you there is a possibility of a false breakout. On Friday, after the release of the non-agricultural employment data and the unemployment rate, the market fluctuated in two directions, and the price returned to the boundary of the ascending channel (false breakthrough), and the closing was still an alternative to the ascending channel (false breakthrough). ). The opening price of the channel. Friday meeting. The market is weak.
As the DXY US dollar index is testing strong resistance around 104.5, a break of this area will lead the price towards 105.5, which will have a negative impact on the formation of gold prices.
SIGNALS:
BUY GOLD zone 1934-1936
SL 1930
TP 1940,1950
XAUUSD SELL PROJECTION WITH RSI & STOCHASTIC STRATEGY Reason Behind XAUUSD Sell Projection
1. Stochastic Overbought above 80 and ready to make a Fall
2. RSI 14 Below 50 Which Makes the sell trend In 1h Timeframe
3. Market Clear ON Downtrend and Make the Sell Direction
Overall Outcomes
XAUUSD SELL @ 1920-23
SL 1927
TP 1910
XAUUSD BEARISH SPINNING TOP + SELL PROJECTION 27.08.23Reason Behind the Sell Projection
1. Market Clearly on Strong Downtrend.The Bearish Spinning Top candle Stick Pattern Confirms the further Sell Movement towards 1890 which last week Low
2. Fibo retracement Indicator indicates the assset reach the swing High 1924-1930 and then Make continuation of trend
3. Breaked the support @ 1915 and retesting teh area Again
Over all Possible Outcomes
XAUUSD SELL @ 1924-1930
SL 1955
TP1 1900
TP 1854
Gold recovers but remains low⚡️Due to higher US bond yields, gold prices held steady near 5-month lows. Markets prepare for the Fed's Jackson Hole symposium for more directional hints on future interest rate cases.
⚡️In recent times, macro data and comments from Fed officials are supporting the possibility that US interest rates will likely continue to rise and stay high for a long time as inflation remains high.
⚡️This will create conditions for the Dollar to continue to dominate the entire market, causing pressure on gold, silver, etc. and other major currencies to correlate.
⚡️Traders will be eyeing the Jackson Hole symposium this weekend, which brings together economic policymakers from around the world. This event is notable and is expected to create strong swings in the market because it can help clarify the monetary policy direction of major central banks, providing more direction to the market. foreign exchange and help determine the direction of gold prices in the short and medium term.
Gold Comment 18/08 – Strong recovery but downtrend is still ther⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors.
⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then plummeted away from this point. At the same time, the 20 SMA is stable at the top, compatible with the overall bearish direction. Importantly, technical indicators have hit negative levels, showing the strength of sellers. Finally, the technicals are mostly bearish, with the Relative Strength Index (RSI) sliding into the oversold zone.
BUY XAUUSD price range: 1882 - 1884
Stoploss : 1877
Take Profit : 1890
Take Profit : 1895
Take Profit : 1900
GOLD has not yet escaped from the price band 1905OANDA:XAUUSD prices recently dropped to a low since March of last year, putting pressure on the $1890 area. Market participants are feeling nervous about the changes, especially after the Fed (US Federal Reserve) expressed concern about inflation and the possibility of interest rate hikes. While the US is not the only country facing the challenge, the situation in the UK and China is also having an impact.
The employment and inflation figures in the UK have created curiosity, especially about the Bank of England's (BoE) interest rate hike policy. Meanwhile, in New Zealand, the Reserve Bank of New Zealand (RBNZ) maintained interest rates and faced an upbeat situation on inflation.
Besides, China is also facing difficulties, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors.
BUY XAUUSD: 1886 - 1884
Stoploss : 1880
Take Profit : 1890
Take Profit : 1895
Take Profit : 1900
Plan Buy waits for the news todayThe dollar strengthened after some disappointing Chinese economic indicators stoked concerns about global growth, boosting demand for the safe-haven greenback.
Recently, the dollar rose on concern that prolonged inflation will cause the Federal Reserve to keep interest rates higher for longer than previously expected by traders.
The USD is also increasing in the short term. Gold prices may remain under downward pressure for the rest of the summer. However, the short-term drop in gold is seen as an entry opportunity. Gold is likely to increase rapidly in the spring and next year. Gold's long-term uptrend is appreciated.
BUY XAUUSD around price: 1885 - 1887
Stoploss : 1880
Take Profit : 1890
Take Profit : 1900
Take Profit : 1905
Gold Price Forecast: XAU/USD looks weakGold (XAU/USD) prices remained pressured at $1,901 in the early hours of the Asian session on Wednesday as it reversed a late-Tuesday correction from seven-week lows in cautious mood context.
That said, the risk aversion engendered by China coupled with upbeat US data and belligerent negotiations by the Federal Reserve, as well as fears of seeing a downgrade credit ratings of major US companies, weighed on sentiment and XAU/USD the previous day.
That said, bullion initially rebounded early Tuesday amid market consolidation ahead of today's Federal Open Market Committee (FOMC) Monetary Policy Meeting Minutes.
Trading plan: BUY GOL D 1893-1895, SL: 1885, TP: 1905,1910
Remember to install SL to ensure the safety of your account, if you agree with my strategy leave a comment below
GOLD - Accumulate around 1910 USDWith news Core retail sales better than expected.The USD immediately benefited and pushed gold down
However, when GOLD touched the H4 trend, it bounced back, causing gold to continue to enter the trajectory of the parallel trend.Gold has now bounced and created a short-term buying trend
The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of six major currencies, continues its fifth consecutive day of gains.
Trading plan:
BUY XAUUSD soup around the price: 1896 - 1894
Stoploss : 1890
Take Profit : 1905
Take Profit : 1910
Take Profit : 1920
XAUUSD: correction recovery of yellow metalThe price of gold continues to decline as the US dollar strengthens and concerns about China's largest XAU/USD customer persist. In doing so, the precious metal fails to justify its traditional safe haven status, as well as signaling an inability to rally concerns that the Federal Reserve will maintain stable interest rates in its September monetary policy meeting, supported by recent softer US data.
XAUUSDDetailed analysis of Gold XAUUSD
Past two days gold is in sell trend but can't break the weekly trend line so that trend has been changed....
AO (Awesome Oscillator) also indicates at...
Even chart on Lower Lower but AO is in Higher Higher formation so that buying will be happen....
Entry will be 1964-1968.
Stop Loss below 1933....
1st supply zone is 1952-1955
Resistance 1959....
4h trend line passing zone 1966-1976
2nd supply zone 1976-1985
Resistance 1989....
Once touch 2nd supply it may come to retracement on 4h trend line area.
Once got retracement.
3rd supply zone will be 2014-2019
Big sell zone is 2054-2066....
Notes:
ONLY EDUCATION PURPOSE....DO YOUR OWN ANALYSIS....
ADP - Market is concerned about Gold PriceSome signs of recovery in the US manufacturing sector and construction spending boosted the dollar, as markets worried that the resilience of the US economy would give the Fed enough room to keep increasing. interest rate.
This concept has influenced the price of gold and most other metals, which can be lost in a higher interest rate environment.
The dollar's strength was also boosted by anxiety ahead of key US nonfarm payrolls data on Friday, which kept traders away from non-yielding assets like gold.
SELL XAUUSD zone 1958 - 1960
Stop Loss : 1967
Take Profit 1: 1952
Take Profit 2: 1945
Take Profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading