updatePotential buy or selling opportunity on GOLD our technicals are bearish overall, but we have fundamentals to be mindful of pay attention to what price action iOS doing and showing us. by affinitymarkets125
XAUUSD SELL PROJECTION Breaked Trendline + Bearish EngulfingOverall Possible Outcomes XAUUSD SELL @ 2030-37 SL 2048 TP 2010 TP 2 1980 Reason For Sell 1. Bearish Engulfing 2. Bearish Spinning Top 3.Parellel DowntrendlineShortby kripsonfx9712
XAUUSD BUYLIMIT PROJECTIONOverall Possible Outcomes XAUUD BUY @ 1975-80 SL 1955 TP 1 2010 TP 2030 Reason Obey Stronger Support & Trendline @ 1970 which also act as Fib Retreacement of 0.5 LevelLongby kripsonfx974
Bearishness Likely to Continue..Bears are fairly in control of the Trend as of this weekend.. With FOMC coming up, Either of the 2 Zones 1980 or 2080 could be tested.. Technically 2030 2035 is the Crucial zone.. If Respected, 1980 zone is likely to be tested. If Broken, 2055 could be tested before Last attempt by Bears to claw their way back. Above 2065, Bulls will Toss The Shorts for a Covering towards 2080s. In summary 2011 2035 Are the immediate Crucial levels Trending move on either side break is possible. 1980s on downside 2060s 2080s on the upside could be tested. Have a Profitable Week ahead. Shortby DrAnandM7725
GOLD GANN ANGLES CHART UPDATED 26/01/2024I have manually constructed Gann Angles for XAUUSD scrip without the use of any software tools. The levels of 2022.04 and 2033.89 are important for it. Below these we may see a bigger correction on it to 50% level shown on charts. Expecting volatility to increase on the scrip with moves getting bigger on both sides. Trade safely as we are nearing Gann Mid. Seasonal date of 04 Feb 2024. Happy Trading !!!by kbr91219653
XAUUSDThe gold price today seems to have remained unchanged from earlier this morning, mainly ranging between 2021 - 2022 USD. Although the US GDP growth has exceeded expectations and core orders have increased, negative factors such as rising unemployment claims and inventory levels, along with reduced personal consumption, will pose challenges to the US economy. As a result, some investors have returned to buying gold. However, there are still many investors who remain on the sidelines, observing the market. Inflation in Europe has decreased to 2.9%, prompting the European Central Bank to maintain interest rates. The European Central Bank predicts that inflation in the region will gradually decrease to around 2.7% in 2024. Considering the above information, it will be difficult for the gold price to rise significantly given the positive economic growth in the US. This indicates that the world's largest economy will not experience a recession and will achieve the desired soft landing as expected by its central bank.by RKarinaUpdated 19
XAUUSD BUY ONLEVELTechnical Analysis: Examine price charts for trend patterns, support/resistance levels, and key technical indicators (e.g., Moving Averages, RSI, MACD). Identify potential entry points based on chart patterns or breakout scenarios. Fundamental Analysis: Consider economic factors that might influence the price of gold, such as inflation rates, interest rates, and geopolitical events. Monitor global economic conditions and currency movements that could impact the US Dollar. Sentiment Analysis: Assess market sentiment through tools like the Commitment of Traders (COT) report, which shows the positioning of different market participants. Look for news and social media sentiment related to gold and the US Dollar. Risk Management: Define your risk tolerance and set stop-loss levels to manage potential losses. Consider the overall risk-reward ratio for your trade.Longby Sefinsha2
Gold price today, increase or decrease further?Gold prices today surged from $2013 to $2020 per ounce at 6 am on January 26th. The reason behind this is the improved economy of the United States and the cooling inflation in the country. Specifically, in 2023, the US GDP is projected to grow by 2.5%, a significant improvement compared to the 1.9% growth in 2022. On the other hand, after excluding food and energy prices, the US core personal consumption expenditure (PCE) index retreated to 2%. This data indicates a decreasing inflation rate in the US, which could prompt the Federal Reserve (FED) to lower interest rates in the coming months. In such a scenario, the value of the USD would depreciate, benefiting the global gold prices.Shortby RKarinaUpdated 21
First Short Than LOng ...There is a short opportunity till 1994 because there is a trendline which is to be retested and than long ...Shortby RAJPUT_RAHUL1
a clear downtrent on 30 mints XAUUSD (Gold/US Dollar) based on the 30-minute candlestick chart. Predicting specific movements in financial markets, especially within short time frames like 30 minutes, is highly uncertain and speculative.Shortby AmbadyKJ0
Gold bounces off key support line ahead of Fed InflationGold price stays defensive near $2,022 as bulls await the key US data to extend the previous day’s rebound from a six-week-old rising support line. That said, the US Core PCE Price Index, also known as the Fed’s preferred inflation gauge, gains additional importance this time amid reducing market bets on the US central bank’s delayed rate cuts. Should the inflation figures fail to justify the recent hawkish Fed bias, the US Dollar will reverse the gains while allowing the XAUUSD to extend Thursday’s recovery toward the $2,035-36 resistance confluence comprising the 21-SMA and a one-month-old bearish channel’s top line. Following that, $2,063 and $2,090 are likely strong challenges for the metal buyers before targeting the previous yearly top marked in December at around $2,148. On the flip side, the aforementioned support line stretched from early December, close to $2,010 by the press time, restricts the short-term downside of the Gold Price. In a case where the quote drops below $2,010, the previously stated bearish channel’s bottom line surrounding $1,988 will be crucial to watch. In a case where the XAUUSD remains bearish past $1,988, a convergence of the 100-SMA and 50% Fibonacci ratio of the metal’s October-December upside, near $1,975, closely followed by the previous monthly low of near $1,973, will be the final defenses of the buyers before giving control to the bullion bears. Overall, the steady RSI and the metal’s recovery despite the US Dollar lure buyers ahead of important US inflation data for December.by MTradingGlobal0
XAUUSDGreetings! Welcome traders. By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well. Wishing you a pleasant day.Shortby TMCFX09
Gold still going goodddddGiving follow up on my gold trade , looking awsomeeeeeeeShortby bhautik4avenger41
Gold prices continue to plummet!Hello dear friends! Gold prices experienced significant fluctuations yesterday, with the precious metal continuing to decline and reaching $2011. However, there has been a slight recovery, and it is currently adjusting back to $2015 during the early trading hours on Thursday. Accordingly, the optimistic PMI index from the United States has helped the yield on 10-year US Treasury bonds recover from its daily decrease, putting pressure on XAU/USD. From the observed chart: Gold is still trapped in a parallel downward channel and has broken the short-term uptrend trendline, as well as surpassed the support level near $2020. Prices may continue to decrease after the end of the short-term trend correction. The next target for sellers is the $2005 mark. If gold surpasses this level, it will continue to seek new momentum around $1982 and the lower limit of the downward price channel. What do you think? Do you believe gold will continue to decline further?Shortby RKarina24
Precious metal all set to correct this is the forth time the precious metal has reached the same high and has reversed. RSI in the bear zone on two time frame charts at price resistance is very very negative. In my view the precious metal is all set for a big correction this time around.Shortby singh17vivek0
XAUUSD 1 hour chart Heading for 2000-1980+XAUUSD Chart Targest on Short side 2000-1980+ SL 2050 Candle closing basis CMP 2015 Shortby Bilal_Kazi0