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XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold has recently broken its ascending trendline and is currently trading below the resistance zone. It is expected that after a pullback to the broken level, the price will resume its downward movement, targeting at least the specified support level. If the price confirms the pullback and reacts at the resistance level, short positions can be considered. The initial target for this decline is the identified support zone on the chart. Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
16
XAU Recovers After 2 Weeks as USD WeakensXAU prices saw a sharp sell-off following the release of positive US macroeconomic data, plunging to a more than two-week low on Thursday. The preliminary estimate of the US Gross Domestic Product (GDP) showed the US economy growing at a faster-than-expected pace and inflation falling in the second quarter of 2024. This suggests that the US economy is still holding up well and has created some stability in financial markets, thereby putting pressure on the precious metal - a traditional safe-haven asset. The bullish sentiment continued to keep gold prices on the defensive in the Asian session on Friday, although expectations that the Federal Reserve (Fed) is about to start its rate-cutting cycle helped limit losses. Traders also turned cautious and awaited the release of the US Personal Consumption Expenditures (PCE) Price Index later Friday. This key inflation data will play a key role in determining the Fed's policy path.
OANDA:XAUUSD
by NicoTradingMaster
GOLD UPDATE 17/7 WEEKplan gold this week please. The trend continues to support gold's price increase in the weekly candle frame, the weekly candle closes, but the force is increasing gradually. Moreover, gold has not tested the weekly top once again from the long slide above the 208x level, so now continue. continue to hit the gold up according to the previous big frame trend. In the short term, there are two buy zones: 50 53 and 45 43. In addition, last month's CPI and PMI data were much worse than expected, causing large RMB to expect that the FED will not raise interest rates at least for the next 12 months to maintain a stable economy. ----- In addition, in my experience, Friday decreases, Monday increases all day.
FOREXCOM:XAUUSDLong
by HOAIGOLD
1
EUR/USD WEEKLY CHART STILL GOING DOWN???Hi TRADERS we are looking at EUR/USD for the new week ahead EUR/USD as we can see it has head and shoulders on the weekly area are we still heading down????? I am still bearish on this pair, i think a correction on lower TF and we will see a nice impulse to downside This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
Short
by Costy13
3