Over the past several months, we repeated our concern about gold drifting lower with the stock market. Today, we continue to stick to this narrative and remain bearish on XAUUSD in the short term. However, we are also starting to grow increasingly bearish in the medium-term while staying resonantly bullish in the long-term. Indeed, we think the looming weakness in...
Hello,Traders! XAU-EUR or the Gold price in Euro Broke the key horizontal level Which makes us bearish biased And thus we are expecting Further bearish move down After the pullback and retest Of the broken level Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Long position taken due to following 1. Price action on bullish trend line 2. August remained bullish in past
Gold appears ready to break away and enter a new rally toward $2,000. If China invades Taiwan, then a similar price action can follow like February / March when Russia invaded Ukraine. At that time Gold rallied 10%! MACD about to flip bullish on 3-Day timeframe... Looking juicy. Bias is bullish. Like and follow if you liked this idea!
Over the recent months, we reiterated that gold was likely to be dragged down by the declining stock market (mainly due to profit-taking/covering losses elsewhere). We also expressed our expectations about gold declining to the 1700 USD region; this move came recently, and XAUUSD made a new low at 1 690.935 USD. Despite that, we stuck to our long-term bullish...
Bit on oil and Bitcoin to pass the war it will be to hard future is darrrk!
The chart is very bearish and to conform with the current momentum, I will try to sell XAUEUR if it pulls back to the purple resistance and ride it down to support trend line. Risk = 1.2% RRR = 1.5 to 1.6
Gold remains resilient against bearish fundamental factors like higher interest rates and economic tightening. Meanwhile, it enjoys support from persistently high inflation. On 15th June 2022, the FED meeting is set to commence. Moreover, the FOMC is expected to raise interest rates in the U.S. by at least 50 basis points. In our opinion, this poses a threat to...
Gold had jumped to 1879 as I expected due to escalation of Ukraine Russia from weekend to Sunday headlines I think is time for inflation to take over the headline leading Gold to abyss along. Gold is signalling continuation on daily timeframe on Bollinger bands daily timeframe. Any meaningful uptrend to cap at 1890 as signalled by Bollinger bands on 15mins...
Once again, we reiterate our long-term bullishness in gold as it is on a track to be one of the best-performing assets of 2022, beating Bitcoin and U.S. stock market indices like NDX and SPX. Since the start of 2022, gold is up approximately 2.5% and holding up relatively well in the current market conditions. Next week, the FED is set to increase interest rates,...
In our last post on gold from early May 2022 before the FOMC, we reiterated our long-term bullish stance on it. However, we stated that we expected profit-taking to ensue in the short-term, especially if the stock market continued lower. We also speculated about a possible short-lived dip in gold towards 1800 USD. Since then, gold has made a new low at 1786.785...
XAUEUR is Looking To Move Downfall From here. Also this ORDER BLOCK is Looking Strong So that The Market has the Major Chnances of Dropping From here.
XAUEUR Will Came Down From this Refind ORDER BLOCK , After Grabbing Liquidity of these Small highs .
In our latest post on gold, we noted that the bearish trend lacked momentum, which would result in a sideways moving price action. We said that gold profit-taking would ensue to cover traders' losses elsewhere. We expect this trend to continue in the short term. We will pay close attention to the FED on Wednesday as it is expected to hike interest rates by 50...
Recently, gold nearly touched the 2000 USD price tag. However, it failed to move substantially higher because profit-taking quickly ensued as the general stock market started to fall. Nevertheless, we continue to be bullish on gold in the medium-term and long-term. But we are growing increasingly nervous due to the intense persistence of selling pressure in major...
XAUEUR has broken the support level of 1780 during the NY session last night. The Asian session saw a pull back and would have a good chance of continuing to the downside. I have shorted already. SL and TP as on chart.
This is a long-term price perspective for the price of Gold. We can now witness a strong uptrend, without any signs of an incoming pullback. As a result, Gold price should continue a steady increase towards the key technical as well as psychological resistance at 2500 EUR