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Goldsignal

XAUUSD Setting up for BUYS...XAUUSD Setting up for BUYS... After breaking out and above the 2-day range zone created from stagnant markets last week with buyers and sellers all piling up orders before nonfarm payroll on Friday we then saw gold push above the range and manage to close outside it after getting a validation retest off the top side, if gold can stay above the range zone and make its way up to 1946-48 we could catch some tasty buys after a pullback to maybe the current level or at least above/on the previous range zone which we could ride up to around 1954 first and then maybe 1971 but at the 1954 level there is a high chance it could then chase the 1925 low level by the end of the week. So my first target is 1954 from there I will wait for my price action confirmations before jumping back on the sail boat.
EIGHTCAP:XAUUSDLong
by OfficialKieranTrewick
XAUUSD GOLD Sell Trade IdeaXAUUSD - GOLD - Market Analysis Smart-money concepts / Institutional trading strategy Thursday price started to slow down after creating new highs earlier in the week. Following structure from the 4H down to the daily, we can see very clear breaks of structure towards the down-side. Entry is based on 4 of my confirmations including Risk:Reward over 1:5. Could take gold lower but will be waiting for further price action when market opens.
OANDA:XAUUSDShort
by nonstopkev888
3
Inflation Cools, Gold Heats UpIn June, the United States inflation fell to 3%, which is the lowest since March 2021. This was slightly below the market's expectations of 3.1% and a significant decline from May's rate of 4%. Additionally, the core inflation rate unexpectedly dropped to 4.8%, marking its lowest level since October 2021. The implication of this deceleration is that it could prompt the Federal Reserve to scale back its plans for interest rate hikes. With inflation showing signs of cooling, the central bank may now be inclined to raise rates only once more throughout the remainder of the year. In the wake of the inflation report gold prices shot up, soaring by more than 1.3%. The metal breached the $1,940 resistance level but fell just short of clearing the $1,960 overhead barrier. If further upward momentum materializes, it could pave the way for a potential retest of $1,975 and $1,980. At the same time, the US dollar faced a steep decline, sinking to its lowest point in over 14 months. Against the Swiss franc, it tumbled to depths not witnessed since early 2015, settling at 0.8673 francs, down 1.4%. Earlier in the session, it even touched 0.8660, marking its weakest position since the Swiss National Bank abandoned the Swiss currency peg back in January 2015. Against the Japanese yen, the dollar hits a six-week low of 138.47 yen, witnessing a 1.4% decline. Additionally, the US dollar weakens by more than 1.5% against the New Zealand and Australian dollars. Conversely, the euro surges to its highest level since March last year, reaching $1.1125. The Euro trades up 1.2% at $1.113.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD Analysis 7July2023looking at this analysis with the D1 time frame, the price is right at the strong resistance and the resistance is in direct contact with the trendline. This trendline forms a downtrend channel. I also see a hammer candle which we can interpret as one of the indicators of a rejection and the beginning of a possible reversal/correction. looking at the last 5 candles (last 5 days) that tried to break the resistance and failed, there is a possibility that the price will go down first.
FXOPEN:XAUUSD
by Hokusai_FX
GOLD (XAUUSD): Technical Outlook & Things to Watch Next Week 🥇 After the test of a major horizontal daily demand cluster, sellers look weak on Gold. Analyzing the price action for the last 3 weeks, I spotted a completed inverted head & shoulders pattern. 1925 - 1941 is the neckline of the pattern. Bullish reversal will be confirmed once a daily candle closes above that. A bullish continuation will be expected then to 1957. Remember, that at the moment the neckline constitutes a solid resistance, so I strictly do not recommend buying now. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
4
GOLD ---> is going to touch $1852hello guys... as you can see gold formed a descending channel and break this out! At the same time, it formed a base channel that is sharper than a regular channel! in this case, you can expect a downward movement as high as a regular channel, but if you look at the higher time frame you can see a support level of $1874, so I recommend you close half of your position there and close on $1853 the remaining one! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
49
GOLD (XAUUSD): What to Expect Next Week? 🟡 As I predicted, Gold dropped this week. The price successfully violated 1924 - 1940 horizontal demand cluster. The broken structure turned into a supply area from where we saw a strong rejection of Friday. I do believe that the market will keep falling next week. Next support - 1900. If the price goes higher, watch a falling trend line. That will be the next resistance on focus. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
16
GOLD forecast 18June2023I have two options for analyzing the movement of GOLD. The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area. Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded positively, then the price should go back down. sometimes we are placed in several choices, when this happens we should still wait for confirmation in the form of patterns, candles or maybe indicators, after there is confirmation we can react better.
OANDA:XAUUSD
by Hokusai_FX