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Goldsignal

DAILY GOLD ANALYSISAccording to Wall Street traders, they have reached their profit ******** And the Asian news that came out and the increase in interest rates could be the end of the gold climb ******** We are now in area 50 of Fibonacci who can approve the correction ********* And according to Elliott waves, we have entered phase 8 of the wave ******* My views are technical, if the United States wants to change the trend, it means there will be price manipulation. ******* Every market needs supply and demand. Now we have witnessed recklessness in gold trading. ******** Thank you for being with me so far
OANDA:XAUUSDShort
by ALIREZATR60
2
As long as gold is above 1950, it still has a chance for $2000For various reasons, gold still has the opportunity to test $2,000. If you notice the movement of gold, you will see that the tendency to rise is higher than dropping the gold price. There are many reasons behind the gold's upside bias. 1. Inflation has risen worldwide 2. Economic growth is declining 3. Russia-Ukraine war 4. Demand for Gold as a Safe Haven 5. New variations of Corona Apart from these, there are many other reasons behind the rise in gold prices. But there is a thing called prize action. Nothing in the world can be more expensive than oxygen. So the price action thing works for all assets. And because of price action, profit-taking is done at different rates, the uptrend market corrects down the side, and then the downtrend market corrects the upside as well. Since gold has been overpriced based on the RSI, the correction is slightly expected to the downside. But as long as the gold price is above $1950, it is more likely to be in long-term buy mode. There is a minor resistance from the current rate at $1982. If the gold price can break above $1982, gold will probably go straight to $2000. Since the Fed will raise the bank rate next month, FED's higher bank rate is a big obstacle for the higher gold prices, and gold may drop a bit as an advance price-in. But ultimately, gold is in an uptrend and has the most possibility to test $2000 However, unless most of the issues mentioned above are resolved, gold may not wear out very much. So as long as the gold price is above $1950, the chances are high that it could test $2,000. Gold, however, could drop if the situation improves. If the gold is stabilized below $1940, it can test the 1920/1918 price. And down to the latest target of $1890/180. If you like my analysis, please like, comment and share please...
OANDA:XAUUSDLong
by Gold_Trading_Expert
Gold Analysis ahead of FOMC and Retail Sales $1850 on the card? There will be two major news will be released in the market today, both of which will have a significant impact on the price of gold. During the first half of the American session, the Retail Sales Report will be released, and the FOMC will release its report after its conclusion during the second half of the American session. The Federal Reserve will raise interest rates today; a 25 BP rate hike is already priced in the market. So, I don't think this will help the USD a lot against the gold. The big draw of today's FOMC meeting is how aggressively FED delivers their statement and what they are thinking of changing their dot plot. From the dot plot, we will learn about the long-term interest rate and how many times they want to increase their bank rates. According to the statement, the more aggressive it is, the more gold will be devalued. This is the first time the Federal Reserve is hiking bank rates since the outbreak of the Pandemic. Bear in mind that simply boosting a currency's interest rate does not make it stronger; instead, its monetary policy is more significant than whether the rate is raised or lowered. As a result, there is no reason to believe that gold will fall in value if the Fed raises interest rates. If FED delivers a dovish hike, then gold will rise. I believe that gold will gain strength during today's retail sales report, which will be released starting at the US season. In that circumstance, it is more possible that gold will test the level of 1940 first. Moreover, if the retail sales report prints below expectations, gold is more likely to test the $1950/1960 price zone. Now, what is it that the FOMC might do? I think FED will deliver a dovish rate hike to balance the economy and market. If FED delivers a hawkish rate hike, gold will be too weak than the dollar, and the USD will be too strong. A too-strong currency is detrimental to the economy because it hurts exports. So, I think FED won't take these risks. Moreover, FED may deliver a dovish rate hike. In that case, gold may fall first and test the $1900/1885 price zone. But if the United States wants Russia to be more disciplined in all aspects of its behavior, the Federal Reserve will raise the Hawkish interest rate. In that instance, gold may test the $1850 rice zone. Gold's Technical View Gold stays below the trendline support. So, technically gold is more likely to drop again with a slight correction to the upside nearly $1940/1950. The current gold rate has immediate support in the $1907 price zone. If gold breaks the $1907 price zone, then our 1st target will be the $1890 price zone, and if it breaks $1890, the final target will be the $1850/1855 price zone. Please support me by liking, commenting, and sharing if you like my analysis. Thanks.
TVC:GOLD
by Gold_Trading_Expert
12
Gold stuck in moving averages and triangles.There is no economic report till the US season today for gold. Gold might be downtrend before the US season as it breaks below the trendline support, and 100 and 50 SMA creates a death cross. Gold price is hovering near to its 200 SMA. If gold price breaks below 200 SMA and stabilizes below $1907, it may test again below $1895/1890. On the other hand, at $1932has a minor trendline resistance and around $1940/1945 moving average resistance. So, as long as above 200 SMA, it may rise to the 50/100 SMA or trendline zone. But as 100 and 50 SMA has created death cross, it has the most possibility to drop. Fundamentally gold is still neutral comes positive till the US season. But it has not changed a lot. So, if gold breaks below 200 SMA in the H4 candle, you also can play for the sell order... On the other hand, if gold breaks above the 100 and 500 SMA price of $1953/1955, gold will continue its uptrend. 1st target to the upside is $1970/1975, and the final target is $2000.
FX:XAUUSDShort
by Gold_Trading_Expert
1
GOLD GLOBAL VISION (Elliott Waves)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last idea,everything according plan. received a strong upward movement on volumes, we are forming the fifth wave Globally we are in wave (iv) of 5. After which we will see the final growth in the area of ​​2200. MAIN TARGET ZONE: 2150-2300 STOP: 1750 Risk/Reward: 1 to 5 Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
OANDA:XAUUSDLong
by trytofeelpositive
8
Why is gold falling hard? Will gold test $1950/1900. Why is gold dropping hard?  There are only two reasons that are playing behind the gold's drop.  1. Ukraine's president says they are no longer to join NATO.  2. Profit-taking purposes.  Both two matters are playing behind the gold's drop and happening at the same time. Because if Zelonasky doesn't join NATO, Russia may stop the war. No war favorable market conditions push the investor for profit-taking.  And, of course, gold dropped from its all-time high price. It is normal. Even I shared an analysis last week that gold will drop from $2075, which happens. It is widespread. Every asset will have profit taken from solid support and resistance. And all-time high and all-time low is enormous support and resistance.  Gold has dropped almost 1100 pips from its all-time high price zone. Gold is currently hovering near trend line support. Somehow if this minor trendline support breaks out, it will go straight to $1950. $1970 is the trendline support zone from the present perception, which means that if 1the gold breaks below $1979t, our first target would be 1950. In my opinion, gold may not break $1950 in one chance. I think XAU/USD will pull back from around $1950 because around $1950 is the Major Trendline Support Area. But if for some reason 1950 breaks out, it will only go to the 1900/1890 prize. Today we have a CPI report. So, if CPI drops, XAU/USD may bounce to $2000/2020. I think, $2000 or $2020 should be another good place to sell if the CPI drop. If CPI prints positive, there are no ways gold has the most possibility to test $1950.
FX:XAUUSD
by Gold_Trading_Expert