XAU trade ideas

Badcharts

Still downwards pressure for miners priced in gold, with important "walls" created along the way. No need to front run any potential reversal. Remember, what seems cheap, can get cheaper! #gold #miners

wavepoint99

🔹XAU is in a rising trend channel in the medium long term. 🔹XAU had a strong fall after the negative signal from the DOUBLE TOP formation at the break down through the support 133. 🔹Supported at 120, which may give a POSITIVE reaction. 🔹RSI is below 30 after the falling prices of the past weeks. 🔹Overall assessed as technically slightly POSITIVE for the medium...

wavetimer

The chart posted is now setup with a Negative Divergence see RSI I am buying puts in slv and gld this week

Jlap400

We have an unfilled gap around 100 with bearish signals flashing left and right... That's okay, Gold holdlers, slide on over to Crypto, the water is fine! I do think Gold will recover, this is just a mid term retrace IMO...

Exness_Official

Are you thinking about investing in gold in 2023? With the increasing financial uncertainty around the world, many traders are looking to gold as a safe-haven asset. In this article, we’ll take a look at the XAU big picture and what will be driving prices in 2023. Overview of gold charts Gold has been surging lately, getting close to the all-time high of August...

cosmic_indicators

The chart points paint a long-term bearish outlook but there are a few signals showing short-term bullish potential. Since the current momentum is bullish the next major level to pay attention to is the "top of the Cosmic Gravity inner channel", where the target is set. The stop is set above between the bottom of the inner channel and the basis line.

flippedman

Expanding wedge forming, fake breakout below lower support and some flattening positive divergence on RSI? Recent price action in Gold and silver has been positive. Will it hit end of orange line by Feb 2023?

loxx

XAU $XAU Initial Long. This is a pure digital signal processing signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: XAU is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and...

Artem_Dishel

XAU Globally We broke throught huge trendline, this breaking bearish trend and becoming bullish once again XAU Locally We stopped before important level at 110 and currently accumulating power below it. Accumulation looks healthy and is 27d old right now. After more squeezing it may be a good idea to open long. As targets we may choose gaps - one at 114 and...

DogeEgg

If this plays out as such, the DXY still has more upside to go. XAU & Silver will be great to stack up on in the next weeks-month or so. Patients is key and time is the real currency ;)….

Mitrade_official

EUR/USD 🔼 GBP/USD 🔽 AUD/USD 🔼 USD/CAD 🔼 USD/JPY 🔽 USD/CHF 🔽 XAU 🔽 WTI 🔽 As the dollar remained strong, EUR/USD reached a 20-year low of 1.0160 on Wednesday. Amidst predictions of a local recession and an impending energy crisis, the shared currency is among the weakest. The GBP/USD exchange rate fluctuates about 1.1930, under pressure as the UK government...

Mitrade_official

EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔽 WTI 🔽 Without an official announcement, the market has reacted as if the recession is here, turning to the greenback as a safe haven option. The Euro and British Pound took the biggest hit, EUR/USD plunged to a 20-year low of 1.0266, losing off 150 pips in the process. GBP/USD also declined more than 1.3% to 1.1957,...

Mitrade_official

EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 XAU ▶️ WTI 🔼 With inflation casting a shadow over the global economy, higher goods prices have led to a trade deficit of one billion euros in Germany, the first since 1991. The reading surprised investors since they were expecting a trade surplus of 2.7 billion euros in May. Despite the news, the euro managed to close with...

Mitrade_official

EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔼 WTI 🔼 US investors will take a day off to celebrate their Independence Day holiday, market uncertainties and supply shocks send the US Dollar Index Futures from twice over 105.1 - near 20-year highs to 104.8. Meanwhile, the United States 10-Year Bond Yield went below 3.000%, currently trading at 2.889%, and USD/CAD...

Artem_Dishel

As inflation rises all around the world everyone turns their eyes to gold - safe haven during all financial crisis's. However if you look at the chart, Gold came too close to the stop-losses of bulls, just below the demand zone. When you expect something to rise, you always have to ask yourself - Who will pay for the show? That's exactly why I think that we...

Mitrade_official

EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU ▶️ WTI 🔽 The US GDP was the first to release this week, the -1.6% contraction in the first quarter over the -1.5% forecast indicates a possible recession. Federal Reserve Chairman Powell acknowledges the risks of recession brought by aggressive rate hikes, but maintained controlling inflation would be his primary...

Mitrade_official

EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD ▶️ XAU 🔽 WTI 🔼 Oil prices continue to recover from last week's weak run, with Saudi Arabia and the United Arab Emirates almost reaching their production limits, being the few OPEC members who still can increase capacities. The market saw oil futures went up to $111.76 a barrel, then briefly climbed above $112. The market...

Mitrade_official

EUR/USD 🔼 GBP/USD ▶️ AUD/USD 🔽 USD/CAD 🔽 XAU 🔽 WTI 🔼 Apart from a unilateral default on Russian bonds by western creditors, the Group of Seven nations proposed a price cap that would sharply limit its oil revenue. The sanction is aimed at lowering oil prices as well, but with China and India being the largest customers, it would be difficult to implement the...