Forecast and levels for GOLD (XAU/USD) - page 10

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Gold Weekly analysis for 29 OCT 2018 to 02 Nov 2018

Trade Ideas, 2018.10.28 19:07

GOLD

Here is GOLD future market daily chart , at point A its Monday we have an average spread down bar with very low volume which indicates lack of supply so as a result at point B we have a widespread up bar but it's closing towards the middle volume is just above average which is indicating some resistance is arrived, at point C we have average spread up bar closing near its low with low volume its indicating lack of demand .. due to prices were unable to maintain highs and closed near the lows,

At point D we have a widespread up bar again closing near its lows but volume is increased, it's indicating someone is selling in this market , prices were market up by professional money deliberately above old tops to mislead the public , gold is showing weakness each time once it's moving above old tops, we can expect lower prices for shorter term,


 

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Press review

Sergey Golubev, 2018.11.02 10:17

GOLD (XAU/USD) - daily bullish ranging; weekly bear market rally to be started; 1,243 is the key (based on the article)

GOLD (XAU/USD) chart by Metatrader 5

  • "Today’s upside price move in gold, already up over $18 (+1.5%), sets up a real potential for a move to near $1300 before the end of November.  We have been advising our followers that a strong potential for an upside move in the precious metals markets was likely and that a potential move to above $1300 was in the works prior to the end of 2018."
  • "Global economic concerns and the fact that global central banks are accumulating physical gold are putting pricing pressures on Gold and many of the other precious metals.  This is a sleeper trade in many ways, the US equity markets and the US Dollar are much stronger than many expected.  A true capital shift is taking place throughout the globe at the moment and many foreign nations and central banks are hedging risk by accumulating physical gold.  When the price of Gold does really start to move higher, it could be an explosive move to the upside – just like what happened back in 2005~2008 and 2009~2012."
  • "Our predictive modeling systems are suggesting Gold could rally to above $1500 /oz in 2019 and we believe the current price levels are a gift for traders.  Sub $1300 price levels may be the lowest prices we see for quite a while – don’t miss this opportunity to position your portfolio for this next move."

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

==========

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 

 

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Press review

Sergey Golubev, 2018.11.14 16:25

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

2018-11-14 13:30 GMT | [USD - CPI]

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.

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From official report :

  • "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in October on a seasonally adjusted basis after rising 0.1 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.5 percent before seasonal adjustment."

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Dollar Index M5: range price movement by United States Consumer Price Index (CPI) news events

Dollar Index M5: range price movement by United States Consumer Price Index (CPI) news events

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EUR/USD M5: range price movement by United States Consumer Price Index (CPI) news events

EUR/USD M5: range price movement by United States Consumer Price Index (CPI) news events

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XAU/USD M5: range price movement by United States Consumer Price Index (CPI) news events

XAU/USD M5: range price movement by United States Consumer Price Index (CPI) news events

==========

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

==========

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 

 

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Press review

Sergey Golubev, 2018.11.29 03:58

Intra-Day Fundamentals - Dollar Index (DXY) and GOLD (XAU/USD): Fed Chair Powell Speech

2018-11-28 17:00 GMT | [USD - Fed Chair Powell Speaks]

[USD - Fed Chair Powell Speaks] = Speech titled "The Federal Reserve's Framework for Monitoring Financial Stability" at The Economic Club of New York.

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From forbes article :

  • "Stocks surged after Federal Reserve Chairman Jerome Powell delivered a speech to the Economic Club of New York on November 28, 2018, where he introduced the Fed’s Financial Stability Report, inspired by and modeled after the European Central Bank’s Financial Stability Review. The market became wildly enthusiastic when, a few minutes into the speech, he stated that interest rates “remain just below the broad range of estimates of the level that would be neutral”. Everyone interpreted this sentence as a signal that the Fed may be very close to the end of the tightening cycle. This immediately sparked a stock rally. But that was not the most important point of his speech. It was his recognition that “things often turn out to be quite different from even the most careful forecasts.” For that reason, he explained, any forecast to make policy has to be accompanied by recognizing and managing potential risks. While he did not mention “unknown unknowns” as former Defense Secretary Donald Rumsfeld famously did in 2002, he listed four known risks the Fed is currently watching (and that the Financial Stability Report explores in depth). He quickly dispatched most of them, saying that the Fed does not think the financial sector has too much leverage or could run out of funding, or that there are any obvious bubbles in asset prices."

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DXY M5: range price movement by Fed Chair Powell Speech news events

DXY M5: range price movement by Fed Chair Powell Speech news events

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XAU/USD M5: range price movement by Fed Chair Powell Speech news events

XAU/USD M5: range price movement by Fed Chair Powell Speech news events

==========

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

==========

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 

 

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XAUUSD Forecast

Saheb Hemati, 2018.12.04 20:21


Gold forecast, I think the upside will continue


 

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Breakout and possible resistance on gold

fxstrategist007, 2018.12.07 20:57

The US jobs numbers created high volatility in the financial markets and caused the US Dollar to fall on a possible end to the Fed’s expansionary monetary policy. The drop on the US Dollar causes the price of gold to rally and on the weekly chart of the precious metal we can see that it reaches the 55 week EMA at the 1249 level. On the same chart we can see a breakout of a bearish trendline, which is actually the confirmation line of an inverted head and shoulders pattern. The price of gold may bounce to the downside from the 55 week EMA, but the 1220 zone could act as support. On the other hand, if the price breaks above the 55 week EMA, then its next resistance could be the 200 week EMA at the 1261 level.


 

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Analysis of Gold

Chathusanka Yamasinghe, 2018.12.18 15:38

Analysis of Gold for December 18, 2018

Recently, Gold has been trading upwards. The price tested the level of $1,249.00. According to the H4 time – frame, I found that there is the breakout of the bullish flag pattern (bullish), which is a sign that buyers are in control. I also found the successful rejection of the support (lower diagonal of the rising channel) at the price of $1,234.00 and the breakout of the 16-hour balance, which is another sign of the strength. My advice is to watch for buying opportunities. The upward target is set at the price of $1,266.70

 

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Press review

Sergey Golubev, 2018.12.21 19:16

Intra-Day Fundamentals - GBP/USD and GOLD (XAU/USD): United States Gross Domestic Product

2018-12-21 13:30 GMT | [USD - GDP]

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

[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.

==========

From official report :

  • "Real gross domestic product (GDP) increased 3.4 percent in the third quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.1 percentage point from the “second” estimate released in November. In the second quarter, real GDP increased 4.2 percent."

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GBP/USD: range price movement by United States Gross Domestic Product news events

GBP/USD: range price movement by United States Gross Domestic Product news events

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XAU/USD: range price movement by United States Gross Domestic Product news events

XAU/USD: range price movement by United States Gross Domestic Product news events

==========

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


 

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Press review

Sergey Golubev, 2019.01.29 13:55

GOLD (XAU/USD) - weekly breakout with the bullish reversal; 1,325 is the key (based on the article)

GOLD (XAU/USD) weekly chart by Metatrader 5

  • "Spot Gold: Retail trader data shows 68.4% of traders are net-long with the ratio of traders long to short at 2.16 to 1. The number of traders net-long is 8.9% higher than yesterday and 3.6% lower from last week, while the number of traders net-short is 0.2% higher than yesterday and 4.2% lower from last week."
  • "We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias."

==========

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

==========

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 

 
The rally on  gold continues above the 1300 level, but it could reach a resistance zone around the 1318 level where we can find the 76.4% Fibonacci retracement.
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