Technical and digital analysisWe notice that we are in an upward correction and there is an increase in the buying momentum, and we have a divergence at the bottom
XAUTUSD trade ideas
XAUUSD/XAUTUSD SWING LONG TERM WITH SMALL SL AND BIG A$$ TP IDEAGold is less attracting to investors as US bonds yield higher interest. Any Gold-backed security/crypto could be then affected by this event causing their price to go down as least demand.
Commodity : Stance in Gold.Gold will be in move next. So keep it in watch and the direction can be in one of these two possibilities.
Rgds.
XAUTUSD: - is it time to grow?As you can see from the chart, there is all chances to continue the upward trend up to 1960 and stay within the average price band.
The target - 1960.
I believe in practicality, indicators work (usually). So we will see.
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Sincerely,
AJV
Gold Forecast : Monday 08 nov 2021In order to the offline gold market on this week end, Tether Gold future Touched the 1837.9. so XAUUSD change to reach above 1830 in Monday Asian season and fall hard again to reach 1798.
Good luck
XAU:USD (LONG)With series of HH and HL Gold seems to rise against USD keeping in view falling Crude prices.
BUY with SL: 1770.
XAU/USDGold has completed a wave of growth to the level of 1980.66. Today the market is trading in a correction to 1929.50. After that, we expect the development of one more wave of growth to the level of 1993.10 with the prospect of working off 2000.00. Next, consider the probability of a correction to the level of 1955.50.
xau usdWhy is gold money? Why do central banks always deny gold is not money but they accumulate gold every year and build solid vaults against atomic bombs to protect gold? The nature of money is only paper, it has no intrinsic value. Gold is a non-oxidized chemical element, a popular jewelry for thousands of years. Cryptocurrencies (virtual currencies) are only stored in chips and can be lost anytime if hackers from Russia or North Korea wipe them out. Gold is the money, the collapse of the dollar is inevitable, the US, Europe and the IMF, forming a system of underground gold standard. In fact, using gold as money is not only in ancient times. but reality today. Recently, BBC International Service Jusstin Rowlatt conducted an interview with Andrea Sella, Professor Sella presented insights on the periodic table of chemical elements to explain why gold, one of the original structure This is the best way to evaluate the underground gold standard among countries, using the ratio of gold to GDP. Gold / GDP Ratio.The winner - the 19 countries that make up Europe and issue the Euro. Their golden ratio to GDP is over 4%. The rate of the United States is 1.7%. Interestingly, the rate of Russia is about 2.7%.
Russia only has more than one-eighth of America's gold, but its economy is only one-eighth of the US economy, so its ratio is higher. TheIMF has a voting mechanism that requires 85% of the votes to pass any significant change. The US has 16% of the voting rights, that is, if all the countries vote. vote again also has no veto of the United States. There are only about 35,000 tons of official gold in the world.With the irony of policymakers and economists, gold will still be a great store of value and continue to play a part. In the global monetary system, this year the price of gold will reach an all-time high of $ 1920 / 1ounce.
[b]Forecast XAU / USD[/b]Forecast XAU / USD quotes continue to move as part of the growth and formation of the inverted Head and Shoulders model. At the time of the publication of the forecast, the price of Gold is 1732 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1700. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1795.
GOLD PRICE ( XAUTUSD) BITFINEXGOLD PRICE INCREASE IN COMING DAYS IF BLUE LINE UP FROM RED LINE IN STOCH OR HULL RETURN GREEN .THERE IS GOOD DIVERGENCE FOR LONG .IT CAN TOUCH 1700 .
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XAUUSD continues up to to 1620Hey Traders, You can see in the chart that gold moves again with the price up after the bearish movement in the last weekend.
While the market isn't stable yet so short is the best choice until now. Technical analysis works well most of the time but NOW the fundamental plays big role in Forex.
Wish you all the best!
