XAUUSD: The Power of the Bears!Gold Price Forecast: XAU/USD bears stay hopeful amid hardships for US debt ceiling deal
The price of gold, denoted by XAU/USD, has been fluctuating near the daily low of $1,940 with a zigzag pattern. Despite minor losses, bears seem to be in control during the mid-Asia session on Tuesday. This can be attributed to the market's inclination towards safe investments, which has strengthened the US Dollar. However, the recent optimism in the bond markets, following the agreement of US policymakers to extend the debt ceiling and avoid default, has provided some support to the price of gold. Nonetheless, the XAU/USD bears are currently dominating the market due to the uncertain sentiment and cautious approach towards upcoming data/events.
Xauusdsignals
XAUUSD: Where is the most beautiful selling position?Technical analysis
The support and resistance levels are performing effectively, and at 1955, a robust resistance zone has been established. With the goal of continuing to decrease to the 192x region, Gold is required to increase slightly to create liquidity. SMA is forming a continuous decline in wave cycle.
Update new news situation
The US Dollar is expected to remain strong due to optimism surrounding the US debt deal and the Federal Reserve's hawkish stance. There may be a slight dip from the two-month highs, but this is expected due to end-of-the-week flows. The United States Core PCE Price Index data, which is the Federal Reserve's preferred inflation gauge, is also set to be released soon. The annual Core PCE figure for April is expected to remain the same as March, increasing by 4.6%.
Predict continues the downtrend!
XAUUSD | New perspective | follow-up detailsAmidst the U.S. debt crisis saga market participants were reluctant to have open sell positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend hence the engulfing bullish candle observed on Friday. The reluctance of holding short positions resulted in the bullish green light to officially settle Friday’s session at 1,978.78 an ounce (just around the key level at the 1,980 zone), up by 1.1% on Friday. In this video, we dissected the current market structure for trading opportunities both the buyers and sellers have in this market ahead of the new week while taking into consideration the handful of economic features from the U.S. docket.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD completed a 1W MACD Bearish Cross. Warning!Gold (XAUUSD) completed this week the first Bearish Cross on the 1W MACD since the week of April 25 2022 (a year+ ago). This is a strong bearish technical signal that cannot be ignored as its last two occurrences above the 0.00 MACD level, kickstarted multi-month declines, all exactly from the same 2070 - 2080 Resistance level.
In order for such a correction to be avoided we need a 1W candle to close above the last highest closing level of the peak candle. In the previous two cases it failed. On the current case, that is 2018. Until that happens, every rise is a sell opportunity as long as a series of Lower Highs is formed.
Since the price hit the 1D MA100 (red trend-line) yesterday and is rebounding, it is quite likely to see a medium-term rebound as high as 2000 for the next optimal sell opportunity. Unless of course the 1W candle closes below the 1D MA100 first. A sell closer to 2000 though with the invalidation level marginally above it (at 2018) offers a great Risk/ Reward ratio. In either case the first long-term target of the downside is the 1W MA50 (blue trend-line), with an early projected contact at 1850. On the other hand, a 1W close above 2018, is a bullish break-out signal targeting the 2083 All Time High.
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GOLD Forecasting a fall for GDPGold is facing difficulty in finding a clear direction as the market remains indecisive due to conflicting signals regarding US debt extension talks and the US Federal Reserve.
Currently, the market is struggling around the key short-term support line near $1,955, and the XAU/USD daily chart suggests a bearish extension.
The risk is also leaning towards the downside in the short term, as the pair trades below all its moving averages, and technical indicators are declining.
It is crucial to watch out for a potential breakout below the price zone of $1950, as it could trigger a strong downtrend. My goal is 1945$ - 1940$ - 1935$
Analysis XAUUSD : 📅 5/23/2023Analysis xauusd:
Considering the observed weakness, I expect to move towards the set goals.
Note: The main direction of the market is Neroli and this trade is volatile.
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price: 1958.00
sl: 1951.00
tp: 1980.00
tp2: 2010.00
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👤 Alireza hajighasem : @alirezahajighasem
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📅 5/23/2023
XAUUSD:Happy days
Thank you to my customers for trusting me, today is a happy day.
The price is still in the correction stage, and the short-term price will not gain a foothold in 1975 and will continue to fall.
If you choose to believe me, don't question it.
As long as you keep up with my signal, you can make more money.
XAUUSD Rejected on the 4H MA50. Bottom process starting.Gold (XAUUSD) has started the final phase of the bottom process as we presented on the 1D time-frame last week:
This time we shift to the 4H chart, as some short-term parameters are more obvious. Following the 4H Death Cross, Gold made today an exact rejection on the 4H MA50 (blue trend-line). This is a similar rejection to February 14, which also came after a 4H Death Cross. We have the 1D MA100 (green trend-line) as the first line of Support (which held and made the price rebound on the March 08 Low) but if a -8.00% decline from the top is repeated, we may see the price break a little lower than the long-term Channel Up this time.
Our goal is anywhere inside the green circle, or on the 4H MACD's 3rd Higher Low. Our long-term target of 2100 is intact.
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Is Gold pulling up a Bitcoin correction?Gold (XAUUSD) is trading below its 1D MA50 (blue trend-line) for the second week in a row, something that hasn't done since early March. In striking fashion Gold's price action since the March 2022 High is astonishingly similar to Bitcoin's (BTCUSD) price action from its April 2021 High to November 2021 (up until now, it remains to be seen if it continues to replicate the pattern).
Bitcoin started falling under Lower Highs, bottomed following a Death Cross and while the 1D RSI was on Higher Lows and a Golden Cross was the mid rally signal to buy for the new market High. It peaked on Higher Highs while the 1D RSI was on Lower Highs (Bearish Divergence) and after breaking below the 1D MA50 again, it never tested it again until leg (l), long after it broke below the 1D MA200 (orange trend-line) as well.
Gold currently declined after the same 1D RSI Lower Highs Bearish Divergence and if it fails to re-establish successive trading days above the 1D MA50 again, it can hit the 1D MA200 (currently at 1828.35 and rising) on leg (j).
Do you think it will pull out that Bitcoin-like correction?
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GoldViewFX - DAILY CHART UPDATEHey Everyone,
Please review our daily chart idea that we have been tracking over the last few months level to level. We completed the Bullish targets and saw price come down to test the retracement range, highlighted by us on the chart over 2 weeks ago.
We have highlighted a potential route map of what we expect on this timeframe on the mid to long term projection. This daily chart structure remains Bullish overall; we just need to use our smaller timeframe setups to identify break and lock to track the movement level to level.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD SELL PROJECTION 21.05.23Reason Behind the Bearish in the Following Week
Tecnically Reason
1. Double Top formed the Major Top @ 2050 and tends teh bearish Moment in last week and continuation in Fowwing Week too
2. Bearish Reversal M Pattern Spotted ober the Zone and which make the contination to 1900 after the retest of Immedaiate Support @ 2000 which due to Powells increase in Intrest rate
3. Clear Break Below 1950 which Moves Safe heaven to 1900 and Lower
Fundamental Reason
1. Dxy Beaked the 4h downtrenfd 102 and which retest the 101 which helps to reach 2000 and continuation of breakout lead DXY to 105 anf make XAUUSD/GOLD to 1900
Overall Possible Outcomes
XAUUSD SELL @ 2000-2005
SL 2027
TP1 1950
TP2 1900
Gold trading signal analysis
Yesterday, gold fell into a range of oscillations, and the current 4-hour chart shows a slight bottom pattern, indicating that there is a certain support below.
Although it is still weak today, there is not a lot of short-selling opportunity in the market.
As long as you can hold yesterday's low of 1975 today, then the probability will rise.
Today's trading strategy:
gold:buy@1975-1970 tp1980-1985
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
XAUUSD Will make a bottom lower but long term remains bullishGold (XAUUSD) closed yesterday a 1D candle below its 1D MA50 (blue trend-line) for the first time since March 10 and that is a bearish continuation signal. As mentioned before, the long-term Support lever is the 1D MA100 (green trend-line), which provided the necessary support to rebound on the March 08 Low. That was a Higher Low at the bottom of the long-term Channel Up that started on the November 03 2022 bottom.
As a result, the trend remains bullish and that would be a great buy opportunity for the long-term, targeting 2100. Based purely on symmetry, the 1D RSI pivot suggests we could be at a similar level as February 09. In addition, watch how neatly the 0.5 Fibonacci retracement level sits exactly on the Support level from previous Higher Low. On the Feb 28 Low, the price bottomed just before touching it.
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XAUUSD: sell
Shorting gold has brought us huge profits!
I observed the 1h chart and found that its current resistance level is 2013-2016, and its shape is very beneficial to short positions. If it wants to form a reversal and restart the long form, it needs to fall below 1996, with oversold or MACD bottom divergence the form of the stock market will rise again, so that it can have strong strength and continuity to counterattack.
So my trading view is still short.
Trading Signals:
sell: 2009-2016
tp:1992-1985
sl:2018
Traders, I hope my signal can help you make money, if you like it, please support and follow me!
XAUUSD: Sell
After the PPI was announced today, gold did not operate according to the situation represented by the data. It was suppressed around 2040 and fell sharply. Our direction was right, but the stop loss was set too low, which led to the failure of the first transaction. When it started to fall, a short trade was made again, and finally a profit was made.
The current gold pattern is still in favor of the shorts, so my trading view is to continue to be short.
Trading Signals:
sell: 2020-2030
tp:1998
sl:2033
XAUUSD: short here
Friends, in the new week, I wish you all earn more money!
Gold 30m chart, MACD dead cross, the upper resistance of 2026 has not yet been broken, the 1h chart is not strong enough for bulls, 4h chart, MACD has a golden cross trend, we need to pay attention to whether the resistance of 2023-2026 can be broken, and the support of 2014-2010, If you have a short position near 2020, you can continue to hold it, and pay attention to setting a stop loss to protect your capital.
Trading Signals:
sell: 2027-2035
tp:2003-1985
sl:2040
XAUUSD Rebound on the 4H MA200. Strong bullish wave.Gold (XAUUSD) hit today the 4H MA200 (orange trend-line) for the first time in 10 days and is rebounding towards the 4H MA50 (blue trend-line). The long-term pattern remains a Channel Up, which is what helped us take the break-out buy late last month as illustrated on the idea below:
This time the rebound is a clear bottom buy opportunity with a Higher Lows formation similar to April 03. A new closing above the 4H MA50 would basically confirm the buy signal. Both previous such rebounds targeted the 1.382 Fibonacci extension and the new one is at 2080.
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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: Sell
The 30m chart is in the form of a head-and-shoulders top. Now is the time to rebound and test the resistance of 2028-2030. From the analysis of the shape, it is more likely to be suppressed again and continue to fall. It will break through the low point of 2021. My expectation is to fall to 2018 -2008. So my trading view is to continue to be short gold.
Trading Signals:
sell: 2028-2032
tp:2018-2008
sl:2038
XAUUSD: Sell
The CPI data released today is bullish for gold. Gold rose to around 2047 and then fell back. It is currently near the support of 2028. In the 30m chart, MACD has formed a dead cross. In the absence of data, it is unlikely to rise to 2047 , so my view is short.
Trading Signals:
sell: 2028-2032
tp:2018-2008
sl:2038
Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
XAUUSD: Buy
Gold formed a support in 2018-2022. Today it rose to 2032 and then stepped back to around 2022. The closing line in the 30m chart has the shape of a gold star. It is expected to continue to rise in the future, with a target around 2039.
Trading Signals:
buy:2022-2026
tp:2038
sl:2017
sell:2039-2041
tp:2028
sl:2043
Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!