#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range.
#Fundamental Analysis of #Gold
It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023.
However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone.
#GoldForecast
In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease.
Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
Goldidea
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
(Gold) : Nice Weekly TrendHey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall down more and more.
Just as a precaution, this is a (Long-Term) Gold idea, according to what I can see on the chart. Also, there are a lot of factors that can change the game.
May you all be PROFITABLE,
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Gold 06/09 MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Short Time Frame with Breakout and Rejection from the Upper Trend Line of the Corrective Pattern Falling Wedge in Long Time Frame. Completed " 1234 " Impulsive Wave and we have Break of Structure with Divergence
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD:Trading strategy
Two hours ago, I predicted that all indicators are now overbought, and all I judge are very likely to fall.
But it is still an upward trend, but it has fallen because it has risen too fast.
Although the probability of falling in the short term is very high, it is still possible to buy on dips in the long run.
Gold trading advice today:
Gold:buy1932-1937 TP:1948-1952
Short-term fast trading
Gold:sell1946-1950 TP:1935-1930 SL:1954
The possibility of falling is very high now, but you need to strictly set the stop loss to help you protect the security of your account.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
GOLD:Trading strategy
Gold today is the same as I expected, breaking through the range and rising to 1935
But the rise is due to the stimulus of the news, so now you can try to short sell around 1935
Short-term fast trading
Gold:sell1935-1940 TP:1931-1927
As long as the decline does not break through the previous low, then it is still an upward trend, so if you sell short, you must strictly set a stop loss or close the transaction when you have a profit.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD:summary
This week, gold, as I expected, gained significant support at the bottom. When it could not fall below 1883, I judged that gold would definitely rise this week.
On Tuesday,Gold broke through the daily line, but I know that every time it reverses, it will not keep rising. There will definitely be fluctuations, but it will definitely rise in the end.
On Wednesday, gold rose to 1904 and exceeded the resistance point, so I judged that it would not rise, so I decided to sell short decisively and buy when it fell to a low point.
On Thursday, gold rose again to 1923, rising by 40 from the bottom. The short-term increase was too fast, and the indicators of each cycle were overbought and very serious, so we can judge that gold fluctuates in the range of 1904-1923.
On Friday, because of Powell's speech in the United States, the volatility in the range of 1904-1923 was accelerated.
Tomorrow, we need to observe the trend of gold, because the rise many times in 1923 did not break through, so we can temporarily think that the resistance of 1923 is very strong, if we can not break through 1923, then gold will definitely fall again.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Still Bullish In My Opinion , When We Can Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD:Trading strategy
Gold fluctuates very little today, and it is still in a downward trend. Then the current rebound can be sold, but the stop loss must be strictly set, because each decline will not directly fall.
Only when gold can rise above 1900 and stand firm can it be judged that gold will not fall again, so that trading will be safer.
Gold trading advice today:
Gold:sell1897-1900 TP:1892-1887 sl:1903
Today is Friday, the last trading day of the week. Today's volatility is relatively small. If you can't find a more suitable opportunity, you can choose to wait. Sometimes it's better to wait than you are in a hurry.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.