XAUUSD Technical Analysis

Posts: 9575 · #76 - January 08, 2020, 12:00:37 PM

Quote from: Antonio on January 08, 2020, 03:54:30 AM

Be careful of Gold which is currently strong bullish, I think this is the end of the increase, the price may change direction.

I think fortunately gold is very dangerous if we sell now because the fundamental conditions are not supportive. We better look for opportunities to buy only in gold.

Posts: 1025 · #77 - January 09, 2020, 02:14:07 AM

Quote from: zanurreload on January 08, 2020, 12:00:37 PM

I think fortunately gold is very dangerous if we sell now because the fundamental conditions are not supportive. We better look for opportunities to buy only in gold.

i do agree with you sir,,fundamental analysis is very impotant if trader want trade Gold or XAUUSD and with the situation right now where USA attacking Iran it will make USD will weak and recomended to buy Gold for opportunity

Posts: 311 · #78 - January 24, 2020, 04:34:46 PM

Quote from: Gombloh on January 09, 2020, 02:14:07 AM

i do agree with you sir,,fundamental analysis is very impotant if trader want trade Gold or XAUUSD and with the situation right now where USA attacking Iran it will make USD will weak and recomended to buy Gold for opportunity

trading in gold is very brain drain, so aggressive movements. and gold is still moving between prices 1570.00

Posts: 111 · #79 - February 18, 2020, 12:28:29 PM

From my point of view the potential of xauusd will go down very big, because it has touched the upperband and also as a strong resistance of 1590.00
Will be a change in trend with a small timeframe this week, I predict xauusd will reach a lowerband in the price of 1568.00

Posts: 198 · #80 - February 20, 2020, 12:03:15 PM

Xauusd strong bullish this week has risen from 1578 to 1616, I believe Xauusd will be able to arrive at the price of 1620 this week.

Posts: 9575 · #81 - February 24, 2020, 06:31:04 AM

The price of Gold is already too high and I think it's time we look for sell. Opportunity to sell can be taken if there is a confirmation of a bearish signal before the price breaks above 1680.65, with a potential target of up to 1633.22. Sell opportunities can also be taken if the price breaks below 1633.22 with valid, with potential targets in the range of 1622.02.

Posts: 180 · #82 - March 01, 2020, 04:07:53 AM

After faced deeper correction gold had been back and almost entering to resistance area..
My perception is gold will do sideways movement between 1611.37 - 1590.00- 1576.55 before going up again

Posts: 13 · #83 - March 01, 2020, 10:23:22 AM

Quote from: Sam86 on March 01, 2020, 04:07:53 AM

After faced deeper correction gold had been back and almost entering to resistance area..
My perception is gold will do sideways movement between 1611.37 - 1590.00- 1576.55 before going up again

I agree with your opinion. where the dragon habit after doing such a big role Then the price will tend to break. But in the weekly time frame I predict prices will continue to decline. Where in the history of this week formed a bearish candlestick that is quite large and able to penetrate the previously formed bullis candlestick.

Posts: 13 · #84 - March 01, 2020, 02:50:19 PM

Gold has broken out at the daily support level so it is likely to continue to experience a deeper down trend that is possible to occur long term if the support level has been successfully broken out.

Posts: 9575 · #85 - March 02, 2020, 03:51:03 AM

if we look at yesterday's trade yesterday Gold Down is quite far. If I look at this fundamentally this happens because many of the market participants who do profit taking on gold, besides that technically the price of gold is too high. However, in accordance with the existing habits in gold, this commodity will usually always go up, especially now that we see the corona virus case increasingly alarming and of course many of the investors are turning to Save Heavan assets. Therefore, I think for today the option to buy gold is more appropriate for us to do with a target around the price of 1606.53

Posts: 9575 · #86 - March 12, 2020, 02:08:35 AM

If we look at yesterday's trading it turns out that gold has fallen quite far, but frankly for now I do not dare to open sell positions in gold for fear that it will suddenly skyrocket again because for now I think gold is still a game in the middle of the economic situation an uncertain world. Therefore I think for today I will see again how the movement of gold and if later he goes down to the demand area at the price of 1601.53 then I will consider opening a buy position in that area.

Posts: 9575 · #87 - March 13, 2020, 03:28:24 AM

Yesterday I tried to open a buy long position on gold at the price that was running, but it turned out that the gold even continued to fall so that my stop loss was hit. If we see now gold has gone down quite deep, this is due to the large number of investors making profit taking after last week the gold rose quite high. Well for today I think there is a possibility that gold will rise again because I saw in TF Daily that gold is currently stuck in the demand area, therefore I think the buy option on gold is more appropriate for us to do with a target around 1625.18

Posts: 850 · #88 - March 24, 2020, 01:15:09 PM

Be careful Today Gold spreads widen very far and maybe for a few days the eighth will be the same.
I noticed in all brokers the condition is the same between 20-80 Pip. if you open an order, you will get a very high loss.

Posts: 628 · #89 - March 25, 2020, 12:14:22 AM

Quote from: Antonio on March 24, 2020, 01:15:09 PM

I noticed in all brokers the condition is the same between 20-80 Pip. if you open an order, you will get a very high loss.

I trade with Octafx broker, even spreads reach 100 pip / 1000 pips.
This is because of the fundamental Gold, resulting in a very wide gap.

Posts: 454 · #90 - April 26, 2020, 06:08:50 PM

On the weekly candle, a doji candle actually appears, indicating the price will go down, but in fact, yesterday's weekly price went up, I suspect it was just false. If I observe in tf h4 there is a converging down pattern from MACD and in tf H1 there is a double top pattern there might be an indication of a fall for next week, for open positions we can see there is a quasimodo setup also on tf h1 in the area of 1727.xx we will see about that later