Gold hit the bottom of the 4H Channel Up and the 4H MA200 turning neutral on 1D and bearish on 4H (RSI = 37.407, MACD = -6.030, ADX = 14.273). The 4H MACD also indicates that we are on bottom territory so we expect a short term rebound and we're bullish targeting the 4H MA50 (TP = 2,035). As long as the designated dashed Channel Down holds, we will then turn...
Gold (XAUUSD) is trading exactly at the bottom of the 2-month Channel Up, restrained below the 4H MA50 (blue trend-line), which ahead of today's Nonfarm Payrolls (NFP) report is getting increasing dangerous. Technically, as long as the Channel Up holds, the current level is the most optimal buy opportunity for another +11.00% bullish sequence (as the previous two...
OANDA:XAUUSD is strengthening due to a slight correction in the TVC:DXY . The price is testing the local trend resistance area before the publication of Initial Jobless Claims at 13:30 GMT.
The market is in a range as analysts and investors await the Initial Jobless Claims information to roughly understand the situation for tomorrow (Friday) as we approach...
OANDA:XAUUSD PRICE FORECAST:
- Gold Rangebound as Market Participants Pause Ahead of Jobs Data.
- US 10Y Yields Hit a Three-Month Low as Gold Ticked Higher.
Gold prices recovered late in the day yesterday before continuing to trickle higher today. Looking at the larger timeframes and the price is caught in a range ahead of US jobs data due tomorrow.
US...
hello traders gold formed an inverted head and shoulders on a resistance that turned into a support after the break out .
if the price manages to break above the yellow zone we might see a possible bullish continuation.
RSI is also giving bullish reversal divergence.
OANDA:XAUUSD continues to update lows, testing new zones, but at the same time, as part of the correction, the price confirms the boundaries of the forming descending price channel.
On D1 it is obvious that the decline in gold will continue, as there is still a huge imbalance at the expense of buyers. At the moment we are interested in the support area of...
Shown are Factor Real Range bars. The breakout remains valid. A close below 1930 is required to nullify the bullishness of current price behavior. Without nullification the target in Gold is $2,800
Minimum target 38.2% of 2020-2142
around 2067.
for short-term trade
Risk at Lastest low 2020
for EW It is highly possible to retracement back to 33-38.2%
If can't pass Gold should drop to form a double bottom and we can buy back ( for medium-term trading )
FORECAST OANDA:XAUUSD :
- Despite the falling exchange rate, gold prices tend to decrease slightly during the trading session
- Attention will focus on US non-farm payrolls at the end of the week
Although falling yields benefited the technology index, gold struggled to get a boost, sending prices down for the second day in a row. While the precious metal...
OANDA:XAUUSD sold off 6% from its high. The price has lost more than $130. This is the biggest drop since August 2020. At the moment a correction is forming, after which the fall will continue
On d1, the dollar is strengthening in anticipation of positive news, while the Fed is silent and treading water.
Gold is forming a huge false breakout and a candle with...
FORECAST – OANDA:XAUUSD
- Gold prices retreat after failing to sustain Monday’s brief bullish breakout
Gold prices surged to a new record near $2,150 during Asian trading. However, the bullish momentum quickly turned into a significant sell-off when European and U.S. markets opened, possibly due to the rebound in bond rates.
U.S. Treasury yields have been...
Gold prices fell more than 2% after hitting an all-time high as currency futures traders increased bets the US Federal Reserve (FED) would cut interest rates next year.
Gold remains supported by hopes that not only is the tightening cycle by the Fed and other central banks over but also by expectations of interest rate cuts. However, today's drop may reflect that...
OANDA:XAUUSD , on the back of the residual potential from last week, is forming a rally from the opening session and testing a new global high of 2150, after which we saw the strongest sell-off.
Yesterday we looked at what could happen in gold. But no one expected an update of the highs to 2150. In any case a conglomeration of factors is important for us:
...
Gold had a very volatile trade, the kind that isn't fit for tight SL placements, be sure a lot of them got triggered today.
The pattern is a Channel Up and the price has so far found support on the MA50 (4h) near its bottom.
Trading Plan:
1. Buy as long as the MA200 (4h) holds.
2. Sell if the MA200 (4h) breaks.
Targets:
1. 2090 (Resistance 1, same symmetric...
Gold (XAUUSD) has made a new All Time High (ATH) today early during the Asian session opening amidst the attacks in the Red Sea, peaking just below 2150 before being sold-off on each passing hour. Regardless of the pull-back, this managed to make a new ATH after almost 3.5 years.
There is technical evidence however showing that if the current weekly (1W) candle...
OANDA:XAUUSD is making another rally and updating the global high to 2075.4, but at the same time there is a huge imbalance in the market. Distributive retest of the resistance zone and several preconditions allow me to think about a possible correction.
In the coming week we will encounter several important news that will determine the market mood and...
Volatility spiked across many assets last week, producing notable breakouts and breakdowns in the process. First off, U.S. Treasury yields plummeted across the board, with the 2-year yield sinking below its 200-day simple moving average and reaching its lowest level since early June at 4.54%.
The market dynamics also benefited precious metals, triggering a strong...
The world gold price listed on Kitco is at 2,126 USD/ounce, up 54 USD/ounce compared to early yesterday morning. Thus, today's gold price continues to set a new record, the highest ever.
Precious metal prices rose as comments from Federal Reserve Chairman Jerome Powell increased traders' confidence that the US central bank is done tightening monetary policy and...
