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Xauusdsetup

XAUUSD - Sell idea for a RRR of 19.6:2Hello everyone and Eid Mubarak, I hope you have a wonderful trading week so far. I would like to share my trade idea for $OANDA:XAUUSD. Currently closed 80% of my longs from 1895 and letting rest run till our entry for Sell as we see a potential continuation down. We are risking 2% on this trade for a RRR of 9.8:1. Meaning 19.6% gain for 2% risk. I am interested to hear your thoughts and opinions on this matter. Good luck to everyone and have a productive trading week ahead. Best regards, Enzo
FX:XAUUSDShort
by IamEnzo
XAUUSD: What will gold look?TECHNICAL ANALYSIS: In chart D1, the upward trend remains evident. However, due to the growing economic and war situations, there is a significant chance that gold will continue to surge. There is still a likelihood of a trend reversal and a breakout from the uptrend when EMA 34 and EMA 89 start to turn and intersect. The RSI is still below average, indicating a precarious situation. Traders are advised to exercise caution before making any trades. Market overview: Gold prices rose by 1% on Thursday but retreated from five-day highs on Friday due to the strengthening of the US dollar, which recovered after the end-of-the-week flows and adjustments ahead of the upcoming US Consumer Price Index inflation data and the Federal Reserve policy announcements. Despite the Greenback bulls bouncing back on Friday, the US Dollar ended the week in the red for the second time in a row, which brought some comfort to Gold prices. The US Dollar followed the minor rebound in the US Treasury bond yields across the curve, although United States government bond buyers remained in the game amid renewed economic concerns and heightened expectations of a Federal Reserve rate hike pause on Wednesday. Markets have predicted a 76% probability that the Fed will keep its Fed funds rate in the 5.00%-5.25% range when its two-day meeting ends on Wednesday. The recent series of downbeat economic data from the United States revived hopes of a halt to the Fed’s tightening cycle. Early Monday, Gold prices remain vulnerable, with the US Dollar consolidating its upswing on Friday amid a cautiously optimistic market mood, as investors gear up for the key event risks of this week. The US CPI data will be released on Tuesday, with the market expecting the headline annual CPI figure to rise 4.2%
OANDA:XAUUSDLong
by Sphyn-Trader
21
Gold responds to dollar and interest rate events not Russia news While gold has traditionally been viewed as a haven asset that can protect against geopolitical risks and economic downturns, we've noticed that it has only been responding to news related to the dollar and interest rates. This tepid response to recent events such as the Russia coup is concerning, as it suggests that gold may not be the reliable investment we once thought it was. As investors, it's essential to prioritize our investments with better options that can provide us with greater security and potential returns. I encourage you to explore other investment opportunities that offer more stability and protection against a volatile market. In conclusion, I urge you to take a cautious approach to your investments and consider diversifying your portfolio with alternative options.
OANDA:XAUUSD
by bryandowningqln
XAUUSD: 1907 or 1952? Last Friday, gold rebounded, broke through 1923, rose to 1937 resistance and then fell back. In the process of backtesting support, it directly fell below 1928-1923 and reached our target of 1918. Over the weekend, the Wagner incident broke out, and the risk aversion sentiment made gold open higher today, recovering 1928 again. Observing the 1h chart, it has signs of trying the resistance of 1937-1939 again, but only when the support of 1928 is effective, it has a chance. If it falls below 1928-1923 again, then it will be more difficult to go up to 1937 . The bears will attack again!
FOREXCOM:XAUUSD
by Roey_
Watch out as gold has had 4 days of lossesOver the past four days, gold has suffered significant losses. As you may already know, this precious metal is known for its stability and reliability as an investment. However, recent events have caused a sharp decline in its value. As someone invested in gold, I urge you to take action. It is vital to consider selling your gold holdings before the market experiences further losses. While it may be challenging to part with your investment, it is crucial to protect your financial well-being. I understand this may be a difficult decision, but it is essential to act quickly. The longer you wait, the more potential losses you may face. I encourage you to consult with your financial advisor or research to make an informed decision. Remember, it is always better to be safe than sorry.
FXOPEN:XAUUSDShort
by bryandowningqln
GOLD 21/6!!! Gold near post-Powell lowsGold prices remained just above their lowest level in three months on Wednesday, as they suffered significant losses in the previous session due to traders shifting their focus to the dollar in anticipation of further information on U.S. interest rates. Later in the day, Federal Reserve Chair Jerome Powell is scheduled to testify before Congress, which could provide more insight into the future of monetary policy and interest rates following the mixed messages from the Fed last week. The uncertain stance of the Fed prompted some investors to move their assets into the dollar, given that the central bank paused its rate increase cycle but indicated the possibility of more hikes later in the year. Consequently, gold prices were negatively affected and remained relatively stagnant within a narrow trading range observed over the past month. Prediction of sideways gold price in the price range $1920 - $1955 Today, can put 2 entry at: BUY GOLD: zone $1925- $1927 SELL GOLD: zone $1949- $1951 Combine 2 EMA 34, EMA 89 and finonaccy signal to have 2 beautiful support and resistance entry areas
OANDA:XAUUSDLong
by DNA_TradingFX
20
GOLD 19/6!!! Starting a new week with stable pricesThe uncertainty surrounding the Federal Reserve's plans to increase interest rates is considered a significant factor supporting the price of gold, which does not provide any yield. However, a substantial increase in value still appears to be difficult to achieve. The recent underwhelming macroeconomic data from the United States has raised doubts about how much room the Federal Reserve has to continue raising rates, leading to speculation that the current phase of tightening monetary policy may be coming to an end. Nevertheless, the Federal Reserve has indicated earlier this week that borrowing costs may still need to increase by as much as 50 basis points by the end of the year. This, combined with a slight increase in US Treasury bond yields, has helped the US dollar recover modestly from a one-month low reached earlier this Friday. The moderate strength of the US dollar may discourage traders from making bullish bets on gold, which is priced in US dollars. The above basic information helps gold price this week June 19 continue to sideway $1983 - $1940 Today, Can buy price GOLD range $1943 - $1940 According to technical analysis, the hard support at the $1943 price zone is difficult to penetrate. Nice entry point to enter long. And of course, we expect a nice Sell from the 1964$ price range today
OANDA:XAUUSDLong
by DNA_TradingFX
20