Get started

Goldusd

Gold - Short paper gold, long physical metalTwo weeks after our last update, we still remain bearish on gold in the short term and expect it to hit 1 600 USD. Our view is based on a combination of fundamental factors like high-interest rates, strong U.S. dollar, and more economic tightening in the foreseeable future. Despite that, we remain bullish on gold in the long term and believe it will provide a great buying opportunity in the coming months. With that being said, we are long physical metal and short paper gold. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD and the sloping resistance connecting March 2022 high and April 2022 peak. Yellow arrows indicate bullish breakouts above the resistance and subsequent invalidations. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. DM+ and DM- are bearish as well. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
22
Gold has an excellent catalyst for upsideW Formation is forming nicely on Gold and we are just waiting for a breakout. There are MANY elements to include in this analysis. 1. There was a fakeout with a Descending triangle which broke above the resistance showing the bullion buyers were not going to give up. 2. The downtrend has broken and the price has entered into a bull market. 3. Investors are most likely going to a safer haven since the Binance VS FTT Soap Opera drama shook the crypto world where the coin dropped 80% sending Bitcoin and Ethereum 15% and 17% down in just 24 hours. This has spooked the market and has most likely scared investors back to gold. I'm waiting for a breakout $1,740 but have a bullish bias Target $1,840 Your thoughts?
COMEX:GC1!Long
by Timonrosso
3
GOLD (XAUUSD): Technical Outlook 🥇 On a today's live stream, we discussed Gold. Currently, even though the market remains bullish since Friday, the price is stuck within a wide horizontal trading range. To me, the recent bullish move looks like just an extended correction. 1726 - 1735 area is the resistance of the range. 1614 - 1623 area is the support of the range. 1664 - 1675 area and a recently broken trend line compose the intermediate support cluster. For now, it looks like the goal for buyers is the resistance of the range. I will look for shorting opportunities from there. Alternatively, its bullish breakout will trigger a bullish wave. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
9
GOLD Short Postion (4H, Daily)Hi every one gold is in the downtrend channels upper band, if close a 4H candle is below that it can bleed again, stop loss for short positions is above 1690, if downtrend continue will be a huge profit in daily TF, please share your opinion in the comments I consider all analyses performed in relation to that trade position. Our analysis is not a buy or sell referral. If you found our analysis useful and interesting, feel free to share it so that more individuals might benefit from it. And please don't forget to like and comment; we will read them all.
OANDA:XAUUSDShort
by Lamassu_Trade
20 REASON WHY SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: structural Down Monthly : structure extremely bear but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲 weekly : a big Imbalance after it prices are going down and down 🥺 so the bigger picture is not clear and in bear favor 1 Structure analysis time frame :DAILY bear ABCD 2 target time frame :DAILY 3 Current Move :IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: HIGHER LOWER 4.2 entry move : IMPULSE 5 Support resistance base :H4 BEAR ORDER BLOCK\ 6 FIB: WAIT TILL TRIGGER EVENT 7 candle Pattern: REVERSAL 8 Chart Pattern: TRIPPLE TOP REVERSAL 9 Volume : BIG VOLUME NEAR TO RESISTENCE EXCUTION VOLUME 10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS TO BEAR 11 Volatility measure Bollinger bands: VOLATILITY DIVERGENCE 12 strength ADX: BEARS ARE IN POWER 13 Sentiment ROC: BEARISH 14 final comment : SHORT 15 : decision : SELL 16 Entry: 1675 17 Stop losel: 1685 18 Take profit: 1630 19 Risk to reward Ratio: 1:5🥰 Excepted Duration : 5 DAYS🥰
OANDA:XAUUSDShort
by Optimum369
1
GOLD Volatility Forecast 7-11 November 2022 GOLD Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 2.5% which declined from 2.58% last week. Currently according to ATR we are on 80th percentile, and according to GVZ we are on 86th percentile, indicating in both cases, that we are currently is a HIGHLY volatile market. Now, based on the implied volatility data that we have for this week, lets look into further details. We can see that currently there is 22.3% chance, that our candle is going to close at the end of the week either above/below the next channel TOP: 1725 BOT: 1637 This can also be translated as a 77.7% chance that the market is going to move within this established range. At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a 70% chance that we are going to touch the previous high of 1681 30% chance that we are going to touch the previous low of 1616
TVC:GOLD
by exlux
Gold : Intraweek Technical AnalysisGold Intraweek Technical Analysis: after staying consolidated between 1630 to 1650 the gold finally broke out from 1650 and 1670 resistance levels and made a weekly closure at 1680. The gold is expected to continue the momentum in coming week .a retracement to 50% and 61.8% fib levels is expected ,the 50% fib levels lies at 1652 whilw 61.8% lies at 1644. My idea for coming week is to wait for retracement to any swing levels, ideal swing level will be 1644 and 1655. On upside we can expect the level of 1700 and 1730 on continuation of uptrend. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
OANDA:XAUUSD
by JBShark
GOLD (XAUUSD): 2 Scenarios For Next Week Explained 🥇 Hey traders, Gold suddenly bounced on Friday. Based on a current situation, I see 2 potential scenarios: The market is still trading within the boundaries of a falling parallel channel on a weekly. If the price breaks and closes above that, then a bullish continuation will be expected at least to 1723 level. The market may also respect the resistance of the channel. As a confirmation, consider a bearish breakout of 1664- 1674 horizontal support. Then, a bearish continuation will be expected to 1630. Wait for a breakout, traders. That will be our trigger. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
11