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Goldsignal

XAUUSD shortShe's going down guys. We can see that DXY has hit the 0.5 level of the fib retracement and bounced off ( or In the process of doing so) and we can see that Gold has come to retest the support of my upward channel that it broke down from last week and that's all I need as far as confirmation to short the gold. But when DXY reaches the top of it's downward channel I expect it to breakout BUT it might not see be ready to TP early on this Gold short. let me know what you think in the comments
OANDA:XAUUSDShort
by s6ixfiv3
GOLD RANGING...AND UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect, as I told you last week, GOLD rejected again from the 1790 area and re-entered the range we were talking about! I will wait for it to reach the 1763 area again and reject it and I will give BUY again! THIS WEEEK...as I told you last week GOLD went down in the mentioned area from where I had an almost perfect entrance until the 1793 area my final target! next week ... I expect a small retreat and I see a continuation of the climb to 1837 from where I will reanalyze the whole situation! however ... a closure even 1 day under 1793 will make me play again in the range I was telling you about in the last few weeks GREAT ATTENTION: *This information is not a Financial Advice.
FOREXCOM:XAUUSD
by BloomFX_SIGNALS
4
Gold Weekly Analysis: As long as above 1760, its uptrend. Gold suffered heavy losses last Friday. In addition, the 10-year US Treasury bond yield rose more than 1% on Friday, indicating that investors are becoming less confident in the economy's stability and strength of their earnings potentials. However, the latest retail sales report shows positive economic data like better-than-expected retail figures for October 2021. In addition, it is a positive sign that the upcoming asset purchase program may start soon from Federal Reserve Chair Powell next month. These reports and investors' optimism sent XAU/USD crashing down to $1763, and the market closed at 1766.45 price zone on Friday. The October Manufacturing Survey from the Federal Reserve Bank of Philadelphia and the weekly Initial Jobless Claims data from the United States will directly impact the gold price. If the report indicates that economic growth is slowing, which could impact investors' confidence in the coming quarter, that may negatively impact the USD. Bond VS Gol's Move. See the chart. When bond rate drop, gold price rise. When Bond rate rise, Gold price drop. There has been no significant increase seen after four consecutive quarters of positive figures ahead of current results. The latest available data was released earlier last week due to weak overseas economies such as China's manufacturing sector, which slowed down again last month. Gold is likely to come under bearish pressure in case the greenback capitalizes on rising yields. The benchmark 10-year US T-bond yield has maintained above the key 1.5% level despite weekly declines, but this could change with more economic instability expected soon. Technical View Gold dropped massively last Friday, but it is still in an uptrend. However, it is hard to say that the gold will break below the ascending trend line or continue its uptrend next week. As long as the gold price is above 1760.00, we must not think about selling gold, though retail sales printed positive last week. From the present rate, an initial resistance is identified at the $1780 price zone. Breaking above 1780 may open the door for the $1805/1807 price zone. To the upside, our final target is a $1730 price zone. On the other hand, breaking below the uptrend will be invalid. Gold's price breaking below $1760, our downside first target is $1750/1745. after breaking below $1745, our final target is the $1725/1720 price zone.
TVC:GOLD
by Gold_Trading_Expert
2
Gold Long Opportunity Hi Traders, Over the last few weeks we have seen gold decline after hitting strong resistance/supply at around 1830, following FOMC minutes, which was less a than anticipated result, gold spiked to find some liquidity around 1787 and crashed again finding support around 1737 area and resting the week on a weekly support around 1750. We find that gold has had a healthy correction to the 61.8% fibonacci retracement from the low of 1676 to 1830, correcting to 1737. This price action forms an ABCD pattern with a 61.8% retracement - common for the start of wave 2 of an impulse wave and C in an ABCD pattern . We would look for an extension to 1895 for the complete ABCD pattern where AB = CD. However, we have strong resistance / supply around 1833 which could stop gold , with the recent news of the USD not doing so well under COVID pressure this could be the start of the next covid economic wave, hence the FED not tapering in the recent FOMC meeting. There is also a falling wedge forming on the 4H chart as shown in the above with a strong bullish divergence on the RSI . We are also forming a right shoulder on the daily chart - a break of 1833 neckline could see 1850 - 1900 quite easily. I personally feel we might dip a little to test 1740-42 again before starting the run to 1830 and more possibly. With this being said gold is looking bullish fundamentally but is still in a somewhat downtrend with a lot of selling pressure technically. I believe that despite this we could have a change of hands around this area given the fundamental news of late. Please trade with caution. This is not financial advice.
OANDA:XAUUSDLong
by Username_for_trading
6
GOLD FUNDAMENTAL ANALYSIS LONG TERMWhy GOLD is bearish A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks. The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier. Long Forcast In December GOLD futures were finding support inside a key of technical area at $1757.40 to $1738.60. Due to sell-off in the stock market and weaker Treasury yields they could offer some relief so that then can beat-up asset which was fallen nearly $100 since September 3. However, they expected that the selling could be resume once the smoke would clear. In order to have a major rally in gold, the central banks would have to pumped more liquidity into the financial markets, but that is not likely unless there should be 5-10% correction in the stock market. Although such a move is on the central bankers hand and most were worried about withdrawing stimulus from their economies than putting liquidity back in. A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks. The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier. Follow for future updates
TVC:GOLDLong
by ProTradingPoint
Gold Price Forecast: FOMC is major market mover for next week.Gold prices continued their downward trend on Friday, with XAU/USD trading down 1.87%. The sell-off takes price into a critical support pivot, and we're looking for possible inflection off this threshold in the days ahead, as there is an update from The Federal Reserve next week about interest rates that you need to know. Look back at my analysis, I had mention gold will drop, and that happened. Firstly, I collect fundamental data, and then I research the fundamental conditions of USD and Gold. Secondly, I use price action analysis for reading charts. Finally, I combined the fundamental and pure price action analysis. Fundamentals across different asset classes like precious metals where demand has been growing. Due primarily driven by new investors entering equity markets (which can lead people who want diversification away from risky assets) while also providing additional safety protection given recent political events abroad. What Happened Last Week? Last week one of the FED members delivered a hawkish statement. The U.S bonds also rose. If us bonds rise, the standard theory is gold will drop. Even, technically gold sucked below the descending trend line. These are some issues that happened last week. As a result, gold dropped. But they are not much important from my view that gold dropped last Thursday. The market is expecting a hawkish statement that will help in the next week. As a result, the market was priced in that issue. It is one of the biggest reasons that gold dropped. Next week's market mover data: September is a busy time for event risk. Next week will undoubtedly bring its fair share. The data releases are sure to see reduced importance as we wait with bated breath to hear what Fed Chair Jerome Powell has in store at his press conference on Wednesday morning. On Monday, September 20th, NAHB's House Index comes out. It gives insight into how our housing market is doing overall. On Tuesday morning brings two reports: Building permits report, which shows construction activity over time. Existing home sales report every week so you can see if there was any change when it came down. On Wednesday has Powell's press conference scheduled alongside more detail about what he plans on staying at The US Chicago Fed national activity index, weekly jobless claims figures, and the September Markit manufacturing PMI (flash) are all due on Thursday. On Friday this month, we have new home sales, which will be released by the Census Bureau as well. Federal Reserve Chair Powell is scheduled to deliver a speech at an event in New York City called "The Future of Work. Suppose the FED delivers a hawkish statement in the next week during FOMC. I think gold will test 1680/1685 very soon. So, during FOMC, there is a good chance to trade gold. Technical View: From the present rate, 1745/1750 is a strong support zone. If the market breaks below the 1750 zone, our next downward target is the 1725/1720 price zone. From the 1720/25 price zone, we may see a correction to the upside. But if FED delivers a powerful hawkish statement. The market may drop below the 1720 price zone. But I think that won't happen. The U.S. economy is not such strong that it will deliver very positive comments. So, don't expect much. Even some significant economic reports also came negative. However, if FED disappoints investors and delivers a dovish statement market may test the 1780 price zone again. Breaking above 1780 will open the door for the 1800.00 price zone. From the present condition and chart says, 1800/1810 is an extreme resistance. But in case if the market can break above 1810, there is no doubt that the market will test the 1830/1833 price zone again. At least for the next week. If not, something happens unexpectedly. I don't think the market will be able to break above 1830.
TVC:GOLD
by Gold_Trading_Expert
3
Gold Price Analysis Ahead Of NFPFundamental View The USD dropped against gold last Wednesday after the ADP report released a negative than expected. U.S bonds also dropped after the report came. Fortunately, the USD was saved on Wednesday for the ISM manufacturing report. ISM printed positive than forecast. U.S bonds and gold have opposite co-relation. if bonds rise safe heaven gold usually drops, and if bonds fall gold usually rises. U.S. bonds have an opposite co-relation with USD/JPY as well, especially 10 years bonds. Anyhow, today there are some high-voltage reports that will publish. Upcoming Reports 1. NFP 2. Average Hourly Earnings 3. Unemployment Rate 4. ISM Services PMI In my previous article, I did mention ADP report follows NFP most of the time. So, most probably NFP report is going to fall today. In August, ADP reported an increase of 326K jobs, far less than the 943K increase in non-farm payrolls that month. If NFP follows ADP lower in a meaningful way, the USD could fall quickly against Gold because investors will start to consider a further delay to tapering (that I mention in my last article). In light of the ADP report, it will be difficult for the dollar to rally before Friday’s non-farm payrolls report. But there is an alternative scenario as well though it is not strong we have to consider it. Wednesday's ISM manufacturing report was printed positive and yesterday's unemployment claims also dropped. that is a good sign of positive unemployment rates. So, the USD may not fall as we are expecting. In my view, after releasing NFP gold will go up first nearly 1830 and will drop again nearly 1800 price zone. i don't know the future but from my long time experience, I have seen these scenarios many times. Technical View From the present rate, immediate support is identifying at the 1800 price zone. If NFP rise and gold stable breaking below 1800 will open the door for the 1790 price zone and finally, the downside target is the 1880 price zone. On the other hand, if NFP drop, our immediate target is 1830/35 price zone. after breaking above 1835 our final target is 1850/1855 price zone.
TVC:GOLD
by Gold_Trading_Expert
2
Gold Price Analysis: Gold May Test 1830/1835, Ahead Of NFP Next.Fundamental View What happened the last week? Last week Powell mentioned FED might start mounting back its purchase program this year. Though he didn't mention any specific timeline, investors took it positively for commodities price. IF FED starts its asset purchasing program again, it means the surge in inflation may fade over time. It is a good sign for commodities price, not US dollar. Falling rates, money supply equals inflation, and stagflation is the best environment for buying Gold. What about the next week? Next week there are some biggest market mover data. Wednesday, ADP and ISM manufacturing reports will release. Both reports are important for the gold price movement. ADP is directly related to the NFP report as well. Next Week Market Mover Data ADP Non-Farm Employment Change ISM Manufacturing PMI Average Hourly Earnings NFP Unemployment Rate ISM Services PMI ADP expected positive for the next week. So, if the reports can fulfill market expectations, we may see gold prices falling again. But, technically, there is no obstacle or resistance to test the 1830/1835 price zone. On Monday, most market players don't trade unless there might have big macro-economic are to be published. So, on Monday market normally follow technical analysis more than fundamental analysis. From this perception, there is a big chance gold mat test 1830/1835 price zone before the ADP report release. If ADP meets the market expectation on Wednesday, Gold may drop from the immediate resistance 1830/1835 price zone. On the other hand, if ADP falls, the gold price may break above the 1835 price zone, and the upside target is the 1850/55 price zone. On Friday, US job market and ISM service PMI reports will release. We all know, US job market report is the biggest macro-economic data for the US dollar. Average hourly earnings, ISM manufacturing PMI and NFP are expected negative than the previous report. Only the unemployment report is expected positive. Most of the time, the ADP report follows NFP. But, nut, this trading week seems a bit different. ADP is expecting a bit higher than the previous report, but NFP is expecting a negative. In my view, the reason is, last month's NFP report came too high. So, it is hard to beat the last month's report. This week NFP is expecting 750Knew jobs to be added to the labor market; last month, NFP added 943K jobs. So, after Wednesday, we can assume what will be the NFP report. Normally, if we see NFP and average hourly earnings rise, Gold will drop, there is no doubt. But if these two reports print negative than forecast, we think for 1900 price zone this week. So. Let's see what happens with the US labor market reports. Technical View In the H4 chart, 1773 is the immediate support, and breaking above 1805 has confirmed short term down-trend channel has broken. And 1830/35 is identifying as immediate resistance from the current gold price. That means, technically market is in an uptrend for the short term. Because, in the higher time frame, we have another descending trend line nearly 1855/1865 price zone. So, it has a real possibility next week market may test the 1830/1835 price zone easily unless there doesn't happen unexpectedly. After breaking above the 1835 price zone, our 2n upside target is the 1850/1855 price zone. 1855/1865 may play as a reversal area unless the US job market report print worse than the last report. I will suggest not trade Gold at the 1855/1865 price one unless we see a big fall in our job market reports. If we see market breaks and stable above minimum H4 candle above 1865 price zone, we may go for another buy till 1900 price zone. But I expect 1855/1865 will play a reversal zone, and Gold may go to the downward correction until the 1805 price zone again. So, let's see what happens.
TVC:GOLDLong
by Gold_Trading_Expert
1
Gold Analysis: GDP and Jackson Hole Symposium On The CardFundamental View Though last week had enough market mover data to share the Gold price, nothing happened last week after a big flash crash before last week though the USA had some major economic reports. Compared to the last week, there are no big events that can turmoil the gold price if something doesn't happen unexpectedly. There are four major economic reports to be published for the next week. Prelim GDP Jackson Hole Symposium Core PCE Price Index Fed Chair Powell Speaks Among the four market mover data, GDP and Powell's speech may impact the gold price. Tough last week, we also had Powell's speech, but the impact was little. Current fundamental events are few and not having many impacts on the market. But we should look at the pandemic situation and Afghanistan news. Overall, the worse situation of the world means investors will rush to buy safe-haven gold. Though the circumstance is not as bad yet, we should be concerned. Technical View Technically market is still in a downtrend; that's true. But if we look at the weekly chart, it has formed a long-leg bullish pin bar candle from the critical support. Though that candle formed for flash crases maybe that's why we didn't see buyers last week. But such a big bullish pin bar from critical support may increase bullish biases. In the daily chart, the gold price still holding descending channels. In H4, gold formed a triangle. Next week it will break the triangle and will have 150/200 pips move easily. Breaking below 1775, we may go for sell, and 1st target is the 1755-1750 price zone. Breaking below 1750 may open the door for the 1720 price zone. I don't think the gold price will drop below 1720 easily. However, if it drops below 1720, our 3rd target 1685 price zone. In the alternative scenario, as long as the market is below the descending trendline, we will not buy gold. But after breaking above the descending trend line, the gold price may immediately test the 1830/1835 price zone. Finally, breaking above the 1835 price zone may open the door for the 1900 price zone.
TVC:GOLDShort
by Gold_Trading_Expert
3
Gold Analysis: Post NFP Last Friday U.S. job market report printed better than forecasted. average hourly earnings have increased to 0.4% whether market expectation was 0.3%. Non-Farm employment change has added 943k jobs last month though the expectation was only 870k. and even, unemployment change has also beat the market expectation that printed 5.4%. Fundamentally, USD is in a good position though FED will not hike rates within 2 years. as the labor market reports beat the market expectation unless covid cases increase in a high number in the USA, we may see a positive impact on USD. The upcoming CPI report may be positive as earnings came positive last Friday. From the technical perception, Look at the daily chart... From the present gold price, 1750 is identifying as support. Breaking below 1750 may open the door for the 1680/1685 price zone. The last strong support was the 1800/1810 price zone. we may also see an upward correction a well. so, we may sell near the 1800/1810 price zone or break below the 1750 price zone. stop-loss should be above the 1840 price zone.
TVC:GOLDShort
by Gold_Trading_Expert
3