Gold-trend
Gold 15 minutes Between Trend line The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
Gold is bouncing from the Support Line1660 looks like the serious support, as could be expected. Because it coincides with the bottom line of the long term trend channel (blue).
The volumes & candles show 2 times that supply exhausts around 1660, and demand demonstrates strength (Bullish Cha Cha signal).
So, the bullish intentions could be read from this chart.
XAUUSD GOLD next move , 13 SeptTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - M45
RISING WEDGE Pattern in Long Time Frame #LTF we need to wait for the Proper Breakout of Lower Trend Line #LTL or Rejection
Rejected from the Fibonacci Level - 61.80%
Strong Selling Divergence
Break of Structure #BOS
Gold (XAUUSD) on September 2022 - SeasonalityLooking back, the historical price movement for gold in September 2021 is in the trend area. In that year, the trend is bullish. How about 2022? Seeing the state of the market this year is moving downwards. As seen in the picture on the daily timeframe, it has formed a new low (swing low) and is unable to make a swing high to surpass the previous high.
It can be said, the gold market (XAUUSD) is in a bearish trend. Will September 2022 be able to form a bullish trend? Hopefully it can break 1811 and turn the bearish trend into bullish.
GOLD - 12H (Parallel channel to up) GOLD - 12H
Depending on the trend channel, it is possible to start upward from there to get 1724 & 1745 & 1765
but if the price can break 1699 and stable under it will drop to 1681
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The green line represents the upward (resistance line)
The Red line represents the Downward (support line)
A white line is a pivot line
Gold will fall soonAt a time of war, gold is supposed to rise, but what is now clear is that the dollar is still trying to rise more and more with the increase in the interest rate of the Federal Reserve.
Technically, gold is still falling within the descending channel that started since March of this year, and now it has approached the upper line of the channel and is targeting the lower line of the channel.
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Bullish Case for GoldBullish pattern on Gold for Short and Medium Term.
Support & Resistance and Support Levels are matching which builds Strong Case for this analysis
Gold Momentum Could Shift to Upside if Fed Delivers Only as ExpeA trade through $1878.40 will confirm the shift in momentum. This could trigger the start of a minimum 2 day counter-trend rally. Taking out $1849.70 will negate the chart pattern and signal a resumption of the downtrend.
The minor trend is also down. A trade through $1921.30 will change the minor trend to up. This will confirm the shift in momentum.
The nearest resistance is a pair of retracement levels at $1897.70 and $1908.10.
XAUUSD this is once again i came up with this game that what really #gold is doing after looking at the 4h chat for hours and hours hahah, well simple as i think but still not confirm lets see tomorrow lets all bucal up till thursaday and friday.
like to know opinion from you guys too so plese share your intalligency.