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Longgold

GOLD VS VIX -3/5/2023-• Gold is highly benefitting from the fear and uncertainty in the market which is likely to persist • Markets are again assuming a recession coming • Banking sector latest dilemma is adding to the fear sentiment • Rising interest rates, hard landing caused by FED continuous tightening policy along with signs of stagflation all add to the bullish price action seen in the commodities markets • Added the VIX (volatility/fear index) below Gold chart to try and visualize any correlation between them • Interesting to see that peaks in VIX index were usually accompanied by peaks and rallies with the Gold • As we are approaching the all time high at 2070 with price currently just above 2000 I would like to add my own interpretation on that • When Gold traded at 2070, VIX value was around 33 • We are only just above 2000 and the VIX is way lower than the previous higher level • If current factors and sentiment persist in the market, we might see the VIX trading back towards higher levels, sending the Gold way higher than 2070 • Note that VIX is up almost 11% in a single day at the time of writing Traders, if you like this idea please comment and like ✅ Here to answer all your questions, Good luck
TVC:GOLDLong
by RamziAbouAbdallah-CMT
my ideal for xauusd intraday tradeThis disclaimer is simply my opinion of this pair, not a solicitation to buy. I saw gold getting rejected from the 1960 support, probably coming back again in 1970 or closest to me in 1966, the market after hitting the 1966 price will see where the market will go and whether to continue or reject and retest the 1960 support, You and I have never known to be so careful and always set stop loss and take profit. good luck guys FYI, my entry position on this trade is at: 1961.50 and I have moved my stop loss to my breakeven or entry position Entry: 1961.50 TP: 1966/70 SL: 1960/1958 GOOod Luck guys!!!!
PEPPERSTONE:XAUUSDLong
by the_pamungkas
Gold Analysis and Trade Idea for 21-Feb-2023 2nd ideaPlan A Buy 1835.00 (Buy Zone) SL: 1828.00 TP1: 1842.00 TP2: 1846.00 TP3: 18552.00 -------------------------------------------------------------- Bullish - Market is over sold and will make a LH - Gold showed bearish trend in past two weeks which was HL on daily chart - Gold will be bulish in upcoming week to test 1873 resistance zone . -long bullish is only possible if it broke 1873 - Market will perform under 1873 and 1818 level in this week - Gold will make a HL on 4H around 1870
OANDA:XAUUSDLong
by xeshaan
1
Gold Analysis and Trade Idea for 21-Feb-2023Plan A Buy 1839.00 (Buy Zone) SL: 1832.00 TP1: 1846.00 TP2: 1852.00 TP3: 1858.00 -------------------------------------------------------- Bullish - Market is over sold and will make a LH - Gold showed bearish trend in past two weeks which was HL on daily chart - Gold will be bullish in upcoming week to test 1873 resistance zone. -long bullish is only possible if it broke 1873 - Market will perform under 1873 and 1818 level in this week - Gold will make a HL on 4H around 1870
OANDA:XAUUSDLong
by xeshaan
1
Stand by for BUY signal on GoldStand by for BUY signal on Gold 1.790/1800 is an important area of support/resistance. 1) A breach and close above this level, will resume the trend line and climb to 1830/40. 2) if the price can't break the 1790/1800 barrier the trend will most likely change and retreat to 1700 levels 3) Right now, price is underpinned by 1790 support baseline and 50 EMA. And above the 200 EMA 4) Money flow index is in the green zone supporting Upside continuation
OANDA:XAUUSDLong
by Memo_Mountain
1
GOLD BULL RUN (Ratio with DXY USD)This Weekly Chart shows that the value of gold compared with the $USD is now rising since July 18th. If over the short term XAUUSD is dropping on a weekly basis it is rising. This analysis suggests that no matter bearish in the short term, gold is bullish and potentially a long hard bull run is now underway. See also my idea regarding a cup and handle pattern for XUAUSD suggesting a price at which spot gold could break past for the continuation uptrend.
OANDA:XAUUSDLong
by AwesomeAvani
What Is Next for GOLD: Could We See It Rallying Again ? 📈1- Market Overview: As it is clear from the screenshot above the market is moving upward where the price managed to break a series of highs month after month. The rally started in December 2021 and then a huge drop was left on March 22nd to the 1900 USD mark. From this zone, Gold failed to break the previous high around the 2000 USD mark and posted a lower high showing weakness from the buyer’s side. 2- Long Scenario: The long scenario is our most likely scenario for this analysis since the market is traded to the upside, the odds of a long trading idea is much more likely to occur. The market as we can see is respecting the bullish trendline and it’s held by the buyers around the 1915 USD support zone. So, what most probably will occur is a move to the upside to test the previous high near the 2000 USD mark and then if the buyers are strong enough, we could see GOLD reaching the previous swing high around the 2071 USD level. However, we must highlight that the price posted a lower high after reaching the 2071 USD mark, which is an indication that the sellers might take control of the market in the coming days. Let’s move to discuss the short scenario where the reversal might occur, and we could see a huge drop in price of GOLD. 3- Short Scenario: The least likely scenario for this analysis is to see the GOLD reversing and move lower. As we mentioned in the previous paragraph, the yellow commodity posted a lower high which is a weak indication for the buyers. But this doesn’t mean that the market will reverse anytime soon before seeing a certain price action that we are going to discuss now. To see this particular reversal and a move to the downside, we should wait until the market breaks the support level around the 1915 USD mark and close below it. As well, another breakout we wanted to see is a breach of the bullish trendline to the downside. If these two movements occur this will lead to a huge move of the GOLD to the downside all the way to the 1800 USD mark. Financial Disclaimer: Please do you own research before investing/trading any asset. This article is for educational purpose. It might help you to have a different view of the market and learn from the way an expert see the market. But at the end you should know which trading ideas fit your personal analysis. Have a happy trading day. 🙂
OANDA:XAUUSD
by CollegeofPips
LONG GOLDLONG XAUUSD @ 1900 TP @ 1974 - 2000 SL @ 1864 We have seen Gold consolidating around the 1890 - 1900 mark. There is significant support at the 1890 lvl, and as long as we trade above that, I remain bullish on gold. Especially in the current environment, gold has proven its safe haven status. I will load up on another clip at 1890 if we test there. Looking for 1874 (last weeks highs) and possibly even 2000. So, first clip long at 1900, second long at 1890 (if it drops to that lvl). TP1 at 1874, TP2 at 2000. Stop for all clips at 1860 which is our 50% fibbo support. This trade offers a 2:1 RR ratio. Goodluck and feel free to comment below.
TVC:GOLDLong
by WhosPipsAreTheseAnyway
5
XAUUSD Ascending tunnel 4h Since 5th of June to today - ascending tunnel formation built out of higher highs and higher lows creating the shape of a tunnel going up. The range to sustain the pattern is 1789 - 1825. A break below 1789 with a 4h close, will allow for further decline down, as a first stage to 1760 hourly support. A break above 1825 with a 4h close, will allow for target of 1920 weekly resistance to reach in the short-medium term. Important levels range at the high 1790's and low 1800's. Triple top between 2011-2013 on the weekly level show around 1800 - relevance to today is high. A break above will be significant for the continuation of the uptrend breaking new highs. On a fundamental level, needless to say, 10 trillion USD printed money together with overall lack of certainty and hysteria continue to push Gold higher. Printed money dropping the US $ value and lack of real investment in equities don't provide much ground for drop of Gold price below important supports.
OANDA:XAUUSDLong
by Exactus