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Knowledge and strategy OANDA:XAUUSD
👉On Tuesday, Gold price broke the range trade between the key 100-Daily Moving Average (DMA) at $1,952 and the mildly bullish 50 DMA at $1,932 to the downside after piercing through the latter on a daily closing basis.
👉The next relevant support aligns at the $1,916 level, which is the confluence of the 21 and 200 DMA....
Analysis and signals OANDA:XAUUSD
👉 This week, international gold prices increased continuously from $1,912.5 to $1,952 and closed at $1,939.
👉The reason why gold prices rose sharply this week was because the US labor market continued to show less positive signals. Specifically, although NFP EMPLOYMENT data in August reached 187,000 jobs, higher than the...
Stability Strategy for the Sellers OANDA:XAUUSD
Gold Price holds steady at the highest level in four weeks during a four-day winning streak as market players await the key inflation clues from the US and Eurozone. That said, the recently downbeat US data have raised concerns about the Fed policy pivot and bolstered the OANDA:XAUUSD price.
Following that, a...
Signals and analysis OANDA:XAUUSD
Gold price managed to settle Tuesday above the descending trendline resistance, then at 1,890$, as it moved away from multi-month troughs. Gold buyers now need acceptance above the 1,900$ round figure to take on the upward-sloping 200-Daily Moving Average (DMA) at 1,909$.
A sustained move above the 200 DMA barrier will open...
Analysis and signals OANDA:XAUUSD
Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven OANDA:XAUUSD
The daily chart of the OANDA:XAUUSD pair shows that the downtrend is still...
Expectation strategy OANDA:XAUUSD
Gold temporarily ignores the view of the small frame, with the h4 view, the rsi indicator currently shows that it is in the oversold area, the price is also far away from the ema range calculated for chart D1, which means this area is no longer the best selling area if you look at it. long-term.
Calculating the decline phase...
Strategy and signal analysis TVC:GOLD
TVC:GOLD fell to a five-month low on Thursday as US Treasury yields edged higher and a strong dollar delivered a one-of-a-kind punch to the non-ferrous metal bulls TVC:GOLD
Minutes of the Fed's July meeting showed on Wednesday that most members of the rate-setting committee were in favor of higher rates to curb...
Gold analysis today TVC:GOLD
Gold price is consolidating losses in early Thursday's trading, having touched the lowest level in five months at $1,890. TVC:GOLD sellers are bidding time before the next push lower, as the United States Dollar (USD) continues to garner demand heading into a fresh batch of mid-tier US economic data.
Gold price extended its...
Today's Strategy Analysis OANDA:XAUUSD
Gold weakened because the dollar in the international market skyrocketed in the past few days in the context of the Fed's tight monetary policy.
The dollar index gained 0.2%, making gold more expensive for buyers holding other currencies.
Reflecting investors' lack of optimism about the gold price outlook, the world's...
Gold strategy today OANDA:XAUUSD
Gold prices remain defensive at key technical levels, under pressure around recent multi-day lows.
Gold continuously traded around the important resistance zone of 1900USD but could not break through
The dominant trend of the whole time frame is still the downward trend of correction, so Sell strategies will still be...
Signals for August 16 TVC:GOLD
Gold hovers around the $1,901 mark during the Asian trading session on Wednesday. An upbeat United States (US) Retail Sales have raised concerns over further tightening of monetary policy by the US Federal Reserve (Fed) weighed on OANDA:XAUUSD price the previous day.
Bears are in control near term, as the 4-hour chart shows...
Trading strategies TVC:GOLD :
TVC:GOLD price declined due to pressure from the rise of USD. This morning, the US Dollar Index, which measures the volatility of the greenback, exceeded 103 points, taking away TVC:GOLD the attractiveness of TVC:GOLD .
Interest rates did not decrease, causing investors to continue withdrawing capital from TVC:GOLD ...
Technical outlook OANDA:XAUUSD :
In the near term, and according to the 4-hour chart, the falling EMAs lead lower, now providing dynamic resistance around $1920.30.
The longer moving averages are still much higher than the shorter moving averages, while providing a downward slope, while technical indicators have bounced from intraday lows but are still in...
Technical outlook OANDA:XAUUSD
Technically, nothing seems to have changed for Gold price in the near term, as the bearish 14-day Relative Strength Index (RSI) continues to back the downside bias.
Any pullback in the Gold price, therefore, will be seen as a good selling opportunity.
On the upside, the Gold price recovery needs to crack the...
Weekend Strategy TVC:GOLD
Gold price continued its downtrend, the dollar rebounded after US inflation data.
The US Department of Labor said the consumer price index (CPI) increased 3.2% in the 12 months to July 2023, up from 3% increase in June 2023, the smallest annual increase since July 2023. March 2021.
Technically, nothing seems to change for Gold...
Strategic forecasting TVC:GOLD
Therefore, Gold price is making another recovery attempt from four-week troughs of $1,914 early Thursday. Markets trade with caution, reflective of the mixed tone in the Asian indices even though the US S&P 500 futures post small gains.
Investors resort to adjusting their US Dollar positions ahead of the all-important CPI...
Signals for a new day OANDA:XAUUSD
Technically, Gold price remains exposed to downside risks, as the 14-day Relative Strength Index (RSI) continues to hold below the midline, despite the latest bounce.
A hot US inflation report will revive the selling interest around the Gold price, smashing it through the key support near the $1,910 region to challenge...
Gold price analysis:
The 4-hour chart offers a neutral-to-bearish stance as OANDA:XAUUSD develops below all its moving averages, with the 20 SMA providing intraday resistance.
Finally, technical indicators are directionless. The Momentum indicator heads nowhere around its 100 line, while the Relative Strength Index (RSI) indicator hovers around 40.