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Xauusdsetup

Gold prices have adjusted after a series of increases last week.OANDA:XAUUSD The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to escalating geopolitical tensions in the Israel-Palestine conflict. In times of uncertainty, traders are turning to the precious metal as a safe haven, while the US dollar (USD) is also strengthening. The escalation of the conflict in Gaza has led Israel to shift its focus from aerial to ground operations, causing an increase in geopolitical tensions and strengthening safe-haven assets. The worsening consumer sentiment in the United States and the dovish comments made by Philadelphia Fed President Patrick Harker have added pressure to US Treasury yields.
OANDA:XAUUSDLong
by Basil_Trading
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
FX:XAUUSDShort
by kripsonfx97
Gold 07.08 moved sideways in a narrow range.Inflation is expected to have picked up again after a sharp decline in June- a scenario that could push up expectations of more interest rate hikes from the Federal Reserve. Gold is expected to retreat further on a strong inflation reading, while the dollar is set to appreciate. The prospect of higher-for-longer U.S. interest rates has weighed heavily on the yellow metal in recent weeks, with traders preferring the dollar even as Fitch downgraded the U.S. sovereign rating. The h1 chart I'm showing shows that gold has been flat in a narrow range since Aug. 2. volatility on Friday's non-farm news. I think it will continue like that until the end of the Australian session, the Asian session. before finding the resistance at 195x. What is your idea? can let me know in the comments, thanks!
OANDA:XAUUSDLong
by Cindy_FX
1
Gold news today 02/08Some signs of recovery in the U.S manufacturing sector and construction spending boosted the dollar as markets feared that resilience in the U.S. economy will give the Fed enough headroom to keep raising interest rates. On the H3 chart, bearish momentum is clearly formed, I think the price line will return to retest the 196x support area before continuing the downtrend, We invite you to watch today's Non-Farm newsletter for the best trading direction. Let me know your ideas below in the comments. Thank !
OANDA:XAUUSDShort
by Cindy_FX
9
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
FX:XAUUSDShort
by DNA_TradingFX