Forecast and levels for GOLD (XAU/USD) - page 12

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.07.06 10:29

GOLD (XAU/USD) - Gold is going parabolic; 1,438 is the key (based on  the article)

• "As a technical analyst since 1997 for Technical Traders Ltd., I believe gold is entering the final leg of an advanced upside price wave formation that will ultimately target $1650 to $1750 in the coming months."
• "New research suggest Gold prices are about to enter an upside parabolic price phase. This happens when a price anomaly sets up and when price is dramatically undervalued compared to market dynamics, global concerns, and fundamentals. We believe this unique price anomaly has setup in Gold and that price will quickly advance to levels above $1550, then briefly stall, then rally further to levels near $1650 or $1750 before reaching our ADL predictive modeling objectives."
• "This parabolic move may stall or end near $1650 to $1750, but this is just the beginning of an even bigger upside price move setting up as an advanced wave formation. Our research team are hard at work attempting to identify the future price legs, rotations and key support/resistance levels of these future price advances. Ultimately, we believe price levels in excess of $3750 are very likely if the global issue continue to build and start to unfold. Yet we don't have any time/date specific targets for these levels yet, as that is an extreme level I’m sure you agree with."

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The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5
• Price prediction by Nearest Neighbor found by a weighted correlation coefficient - indicator for MetaTrader 5

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.07.16 18:17

Intra-Day Fundamentals - Dollar Index, GOLD and USD/CAD: United States Retail Sales

2019-07-16 12:30 GMT | [USD - Retail Sales]

• past data is 0.4%
• forecast data is 0.2%
• actual data is 0.4% according to the latest press release

if actual > forecast (or previous value) = good for currency (for CAD in our case)

[USD - Retail Sales] = Change in the total value of sales at the retail level.

==========

From official report :

• "Advance estimates of U.S. retail and food services sales for June 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $519.9 billion, an increase of 0.4 percent (±0.5 percent)* from the previous month, and 3.4 percent (±0.7 percent) above June 2018. Total sales for the April 2019 through June 2019 period were up 3.4 percent (±0.5 percent) from the same period a year ago. The April 2019 to May 2019 percent change was revised from up 0.5 percent (±0.5 percent)* to up 0.4 percent (±0.2 percent)."

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Dollar Index: range price movement by  United States Retail Sales news events

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GOLD (XAU/USD): range price movement by  United States Retail Sales news events

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USD/CAD: range price movement by  United States Retail Sales news events

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

• BrainTrend2Sig indicator from Codebase (free to download)
• Ichimoku Cloud - indicator for MetaTrader 5
• ChandeQStick - indicator for MetaTrader 5
• MaksiGen_Range_Move MTF - indicator for MetaTrader 5

All about BrainTrading system for MT5:

• BrainTrending indicators to download with template.
• Rules to trade manually
• How to install 

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.07.19 08:04

XAU/USD - bullish breakout; 1,452 is the key (based on  the article)

• "Price is approach the upper bounds of this consolidation range with daily resistance steady at the August 2013 high at 1433. A breach / close above this threshold is needed to validate the breakout with such a scenario eyeing subsequent resistance targets at 1451 backed by the 50% retracement of the decline off the record highs at 1483."
• "Notes: A closer look at gold price action shows gold breaking above the weekly opening-range highs on an outside-day reversal candle yesterday with price defending weekly open support today at 1415. The focus is on a breach above consolidation resistance at 1433/35 to keep the long-bias in play targeting 1441 and 1451. Monthly open support rests at 1409 backed by 1440 – ultimately a break / close below the July support line, currently ~1390 needed to suggest a larger correction is underway."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• AbsoluteStrengthMarket- indicator for MetaTrader 5

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.08.15 16:13

Intra-Day Fundamentals - Dollar Index, GOLD (XAU/USD) and USD/CNH: United States Retail Sales

2019-08-15 12:30 GMT | [USD - Retail Sales]

• past data is 0.3%
• forecast data is 0.3%
• actual data is 0.7% according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Retail Sales] = Change in the total value of sales at the retail level.

==========

From official report :

• "Advance estimates of U.S. retail and food services sales for July 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $523.5 billion, an increase of 0.7 percent (±0.5 percent) from the previous month, and 3.4 percent (±0.7 percent) above July 2018. Total sales for the May 2019 through July 2019 period were up 3.3 percent (±0.5 percent) from the same period a year ago. The May 2019 to June 2019 percent change was revised from up 0.4 percent (±0.5 percent)* to up 0.3 percent (±0.1 percent)."
• "Retail trade sales were up 0.6 percent (±0.5 percent) from June 2019, and 3.4 percent (±0.7 percent) above last year. Nonstore retailers were up 16.0 percent (±1.4 percent) from July 2018, miscellaneous stores were up 6.0 percent (±4.6 percent) from last year."

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Dollar Index (DXY): range price movement by  United States Retail Sales news events

==========

GOLD (XAU/USD): range price movement by United States Retail Sales news events

==========

USD/CNH: range price movement by  United States Retail Sales news events

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• Vortex - indicator for MetaTrader 5

==========

Same systems for MT4/MT5:

The beginning

1. ASCTrend system, the beginning, part #1
2. ASCTrend system, the beginning, part #2
3. ASCTrend system, the beginning, part #3
4. ASCTrend system, the beginning, part #4 
5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

1. The main AscTrend thread is this one.
2. Asctrend indicator in depth 
3. ASCTREND SYSTEM summary (good EAs included) 
4. Brainwashing system/AscTrend system (MT5) - the thread 

[fxstrategist007]

Gold consolidates around the 1500 level, but the bullish trend is still in place. The next resistance could be the 1550 level. To the downside, the 1450 level could act as support.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.09.06 19:40

Intra-Day Fundamentals - Dollar Index, GOLD (XAU/USD) and GBP/USD: United States Nonfarm Payrolls

2019-09-06 12:30 GMT | [USD - Non-Farm Employment Change]

• past data is 159K
• forecast data is 163K
• actual data is 130K according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.

==========

From official report :

• "Total nonfarm payroll employment rose by 130,000 in August, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment in federal government rose, largely reflecting the hiring of temporary workers for the 2020 Census. Notable job gains also occurred in health care and financial activities, while mining lost jobs."

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Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

==========

GOLD (XAU/USD): range price movement by Nonfarm Payrolls news events

==========

GBP/USD: range price movement by Nonfarm Payrolls news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5

Same system for MT4:

1. Brainwashing. Trades: manually and using EAs (MT4)
2. Brainwashing EAs - the thread (MT4)
3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
4. Brainwashing: system development (MT4) - the thread

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.09.27 16:21

Intra-Day Fundamentals - EUR/USD, Dollar Index (DXY) and GOLD (XAU/USD): Unites States Durable Goods Orders Ex Transportation

2019-09-27 12:30 GMT | [USD - Core Durable Goods Orders]

• past data is -0.5%
• forecast data is 0.2%
• actual data is 0.5% according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Core Durable Goods Orders] = Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.

==========

From official report :

• "New orders for manufactured durable goods in August increased $0.5 billion or 0.2 percent to $250.7 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 2.0 percent July increase. Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders decreased 0.6 percent. Fabricated metal products, up four of the last five months, led the increase, $0.4 billion or 1.3 percent to $34.4 billion."

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EUR/USD: range price movement by Core Durable Goods Orders news events

==========

Dollar Index (DXY): range price movement by Core Durable Goods Orders news events

==========

GOLD (XAU/USD): range price movement by Core Durable Goods Orders news events

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase: 

• BrainTrend2Sig indicator from Codebase (free to download) 
• Ichimoku Cloud - indicator for MetaTrader 5
• ChandeQStick - indicator for MetaTrader 5 
• MaksiGen_Range_Move MTF - indicator for MetaTrader 5

All about BrainTrading system for MT5:

• BrainTrending indicators to download with template.
• Rules to trade manually
• How to install 

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.10.10 15:24

Intra-Day Fundamentals - Dollar Index, GOLD (XAU/USD) and CAC 40: United States Consumer Price Index (CPI)

2019-10-10 12:30 GMT | [USD - CPI]

• past data is 0.1%
• forecast data is 0.1%
• actual data is 0.0% according to the latest press release

if actual > forecast (or previous good for currency (for USD in our case)

[USD - CPI] = Change in the price of goods and services purchased by consumers.

==========

From official report :

• "The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment."

==========

Dollar Index (DXY): range price movement by United States Consumer Price Index news events

==========

XAU/USD: range price movement by United States Consumer Price Index news events

==========

CAC 40: range price movement by United States Consumer Price Index news events

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• Vortex - indicator for MetaTrader 5

==========

Same systems for MT4/MT5:

The beginning

1. ASCTrend system, the beginning, part #1
2. ASCTrend system, the beginning, part #2
3. ASCTrend system, the beginning, part #3
4. ASCTrend system, the beginning, part #4 
5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

1. The main AscTrend thread is this one.
2. Asctrend indicator in depth 
3. ASCTREND SYSTEM summary (good EAs included) 
4. Brainwashing system/AscTrend system (MT5) - the thread 

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.10.31 07:26

Intra-Day Fundamentals - Dollar Index, GOLD (XAU/USD) and USD/CNH: Federal Funds Rate and FOMC Statement

2019-10-30 18:00 GMT | [USD - Federal Funds Rate]

• past data is 2.00%
• forecast data is 1.75%
• actual data is 1.75% according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

==========

From official report :

• "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent. This action supports the Committee's view that sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective are the most likely outcomes, but uncertainties about this outlook remain. The Committee will continue to monitor the implications of incoming information for the economic outlook as it assesses the appropriate path of the target range for the federal funds rate."

==========

Dollar Index: range price movement by  Federal Funds Rate news events

==========

XAU/USD: range price movement by  Federal Funds Rate news events

==========

USD/CNH: range price movement by  Federal Funds Rate news events

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• Vortex - indicator for MetaTrader 5

==========

Same systems for MT4/MT5:

The beginning

1. ASCTrend system, the beginning, part #1
2. ASCTrend system, the beginning, part #2
3. ASCTrend system, the beginning, part #3
4. ASCTrend system, the beginning, part #4 
5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

1. The main AscTrend thread is this one.
2. Asctrend indicator in depth 
3. ASCTREND SYSTEM summary (good EAs included) 
4. Brainwashing system/AscTrend system (MT5) - the thread

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.11.05 18:43

Intra-Day Fundamentals - USD/CAD, GOLD (XAU/USD) and Dollar Index (DXY): ISM United States Non-Manufacturing Purchasing Managers Index (PMI)

2019-11-05 15:00 GMT | [USD - ISM Non-Manufacturing PMI]

• past data is 52.6
• forecast data is 53.5
• actual data is 54.7 according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - ISM Non-Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry.

==========

From official report :

• "The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee: "The NMI® registered 54.7 percent, which is 2.1 percentage points above the September reading of 52.6 percent. This represents continued growth in the non-manufacturing sector, at a faster rate. The Non-Manufacturing Business Activity Index increased to 57 percent, 1.8 percentage points higher than the September reading of 55.2 percent, reflecting growth for the 123rd consecutive month. The New Orders Index registered 55.6 percent; 1.9 percentage points higher than the reading of 53.7 percent in September. The Employment Index increased 3.3 percentage points in October to 53.7 percent from the September reading of 50.4 percent. The Prices Index decreased 3.4 percentage points from the September reading of 60 percent to 56.6 percent, indicating that prices increased in October for the 29th consecutive month. According to the NMI®, 13 non-manufacturing industries reported growth. The non-manufacturing sector had an uptick in growth after reflecting a pullback in September. The respondents continue to be concerned about tariffs, labor resources and the geopolitical climate."

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USD/CAD: range price movement by ISM Non-Manufacturing PMI news events

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XAU/USD: range price movement by ISM Non-Manufacturing PMI news events

==========

Dollar Index (DXY): range price movement by ISM Non-Manufacturing PMI news events

==========

The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5