GOLD (XAU/USD) Neowave UpdateHi This is our continuation update of our previous forecast. Thank YouLong01:45by Neowave-forecast5
XAUUSD ANALYSIS, GOLD DATA, GOLD NFP WEEKSince last 48 days gold is trending under a closed range of 2063-2010 -$50 range which covers whole month data , geopolitical tensions and FOMC Interest rate decisions. XAUUSD showing no much interest since long , previous high was taken on 4th Dec 2148 and in same month on 13th Dec 2023 took previous low of 1973 post which a major movement is missing. this week again NFP data and FOMC will be released. I am expecting movement in range 2000-1950|| 2070-2100-2150. Support and resistance levels will be changed according to the technical analysis which will be shared on Friday this week. by sagaahhelite3
GOLD ANALYSISTheir might be two possibilities in gold, If the gold holds resistance level and then give breakout we might see good move above ( BECAUSE THAT RESISTANCE TESTED AROUND 4 TIMES ) And if it forms like M pattern Or kind of Head and shoulder then go for SELL. NOTE - You can adjust time frame for 5 minutes because I'm unable to post 5 min chart to public.by kaushil_dafda1
SELL GOLDIn my opinion, I am looking to sell , which is a strong SUPPLY ZONE and market also in downtrand . It is not advisable to enter without confirmation from a lower TF.Shortby Knickk3
How is gold price traded today?Hello dear friends, let's explore the price of gold together! Regarding the developments and outcomes of the news on January 22nd: The price of gold experienced significant fluctuations, mainly trending downwards. This is due to the strengthening of the US dollar as the Federal Reserve is unlikely to cut interest rates in March. As a result, investing in gold becomes more expensive due to higher interest rates. Conclusion on gold and trends: The price of gold is tied to a narrow range, trading around $2,021 in the Asian session on Tuesday. The market becomes cautious ahead of a busy week with policy meetings from central banks. The "buy on dips" trading strategy for gold continues as long as the significant static support level of $1,980 is maintained. Evidence shows that the price is forming a cup pattern as we have indicated on the chart. The upward trend could strengthen further if strong buying pressure is received from this support level. by RKarinaUpdated 73
XAUUSDAt the start of the new trading week, gold saw a slight increase in price, reaching around 2025 - 2026 USD. This marks a 0.39% recovery and an approximate 8 USD increase up to the present moment. It can be observed that over the past two weeks, the global gold price has experienced minor fluctuations, with no clear upward or downward trend. Last week, gold fluctuated within a range of about 10 USD and failed to break out even when the latest reports indicated a "cooling down" of inflation. However, everything could change in the coming days as the Federal Reserve (Fed) holds its meeting and makes interest rate decisions. Currently, the markets expect the U.S. Central Bank to maintain interest rates at the meeting scheduled for midweek and rule out any tightening possibilities in future meetings. The release of the core personal consumption expenditure price index report over the past weekend showed that the "cooling down" of inflation has led many to believe that an early easing scenario could occur. For this reason, many experts predict that the Fed will maintain a cautious tone at its first meeting of 2024, which could benefit gold.by RKarinaUpdated 3
GOld spot or XAUUSD DOwntrend movement . Target 1900SYmbol Gold SPot or XAUUSD TImeframe Day chart Analysis : Here we can conclude Selling pressure is more as we can observe a strong reverse pin bar and the breakout from the triangle pattern . We can expect a target of 1985/1900 HOPE our analysis is adding value to your Trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Short01:20by TanujaK3
Looking to Sell XAU/USD @ 2032 , With lower leg objective 2018Hi, We are looking to sell Gold (XAU/USD) at around 2032 With an Objective of 2018 as target points. Stop losses should be above previous swing high on H1 ie 2036 Region. Shortby fxtriangleUpdated 10
GOLD A triangle is a continuous pattern on a chart that resembles a triangle in technical analysis. Similar to wedges and pennants, triangles may either be a continuation pattern if they are confirmed or a potent reversal pattern if they are notLongby S_VIGNESH221
GoldThe Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.Shortby Azif1231
Gold: DOWNTREND?"Hello everyone! Last week, the price of gold continued its slight decline, dropping from $2,029.6 per ounce at the end of the previous week to $2,018.5, a decrease of $8 after a week of trading. Gold is currently under pressure from profit-taking, in the context of recently released US economic data that could impact the Federal Reserve's decision on whether to cut interest rates sooner or later. At the beginning of this new year, the price of gold seems to be moving sideways and still holding steady above the $2,000 threshold. To make a breakthrough, the gold market needs encouraging signals from Fed officials. Some recent assessments suggest that the strong price increase of gold in late 2023 had anticipated the possibility of the Fed reversing its monetary policy. With the current caution of the Fed, profit-taking pressure on gold is increasing. At the same time, the continuous new records in the US stock market also reduce the attractiveness of gold. In the short term, gold may face some negativity, but in the long run, it is expected to continue its upward trend. This is not only due to the possibility of the Fed cutting interest rates but also due to the pressure to reduce the use of USD from major economies, including China. What about you? What do you predict for the price of gold this week?"Shortby RKarinaUpdated 46
Trade active on GOLDyou can see my last post on gold .I placed to SELL order AND trade active , which is a strong SUPPLY ZONE.Shortby Knickk2
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.Longby TMCFX02
SELL GOLD In my opinion, I am looking to sell , which is a strong SUPPLY ZONE and market also in downtrand . It is not advisable to enter without confirmation from a lower TF.Shortby Knickk5
Gold Trend 29/01The gold price was moving within a narrow range last week. The price was bounded by 2020-40 until Wednesday's US better-than-expected GDP data; it cleared the 2020(2) support and dropped to as low as 2010. There are two major economic events to pay attention to this week. First, we have the Fed. Meeting on Wednesday. There is a 95% chance that the interest rates will remain unchanged (according to CME's FedWatch)in this week's meeting. And the statement they release after the meeting...I'm expecting the Fed. is unlikely to make any sudden moves in the next few months, considering the Fed's habits of slow acting at the beginning of this rate hike cycle and most of the economic figures haven't shown any dramatic improvement recently. Unless Powell makes some unexpected comments, the chances of a rate cut in March... or even in May, might stay around 50-60% with no major changes afterward. On the other hand, the US employment data at the end of this week is also expected to be in line with expectations, with possibly downward pressure on the price of gold. The price of gold hasn't shown any signs of a breakout, so it's still a good idea to continue trading within the established range. 1-Hour Chart - The price of gold dropped below the 2020(2) and rebounded from the lows near 2010. It has failed to reach the previous low point of 2001(5), indicating that buying positions below 2010 have become stronger. Today, in the Asian trading session, the spot gold price has already returned above the 2020 mark. Over the past 48 hours, an S-T upward channel(4) has formed, suggesting the possibility of revisiting the resistance zone of 2035-40(1), likely before the Fed. Meeting. Daily Chart - Market uncertainty is expected to increase mid to late this week, so it's crucial to be cautious about potential breakouts in technical patterns. The resistance zone around 2030-40(9) is still cursing the market. In the next two trading days, watch the 20-day MA(8). The upward support line(6) is still holding, and if a breakout occurs, the bottom of the range near 2001 could become the next support level. S-T resistances: 2040 2035 2030 Market price: 2025 S-T supports: 2020-2 2015 2010 If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. To by 1uptick5
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