Forecast and levels for GOLD (XAU/USD) - page 11

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Sergey Golubev
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gold trading signals and expanding triangle

evapattern, 2019.02.17 19:02

gold trading signals and expanding triangle

Gold price forecasts and gold trading signals and expanding triangle
The price of gold is the model of the expanding triangle and the price of gold tests the top line of the model

for the third time, which is an opportunity to sell 

That's why we offer gold selling recommendations today for free on the market price

GOLD

SELL @ 1318

TP @ 1308

SL @ 1323

Today's recommendation to sell gold from the level of 1318 targeting 1308 level of profit with a stop loss at the level of 1323

Gold Technical Analysis , Gold gold trading signals and expanding triangle Today

Gold is the pattern of the extended triangle as we noted after a strong bearish wave and

gold is expected to resume the bearish trend in the near term again

The bearish divergence pattern on the RSI on the hourly frame is a strong warning signal on the end of the current rally near the 1321 level

The reversal shooting star candlestick pattern is considered an entry point for gold selling

Gold signals are immediate free recommendations covering the most important opportunities in the gold market on a daily basis


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Gold Buy

Walid Khalid, 2019.03.02 17:23

Entry point : 1293.420

S/l : 1288.856

T/P1 : 1298.713

T/p2 : 1307.237

Best Wishes 

walid khalid 


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Sergey Golubev, 2019.03.03 11:10

GOLD (XAU/USD) - weekly correction to the possible bearish reversal; 1276 is the key (based on the article)

Gold (XAU/USD) weekly Ichimoku chart by Metatrader 5

  • "From a technical perspective, gold was likely due for a noticeable pullback judging by the red-hot relative strength index (RSI). The RSI has been increasingly sending an ‘overbought’ signal due to the 13 percent runup in the commodity since bottoming August of last year. As such, the selling in gold could be viewed as a healthy ‘reversion to the mean’ with prices consolidating back towards its moving average."
  • "Although, gold bulls were likely disappointed after the 0.786 Fibonacci retracement line – which rests around the psychological $1,300 support level – did not hold with prices breaking below this consolidation area. This may have soured sentiment further and induced additional selling as short-term momentum traders react to the apparent end of gold’s parabolic ascent."

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The chart was made on W1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template).


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Sergey Golubev, 2019.03.15 07:01

GOLD (XAU/USD) - bullish ranging near bearish reversal; 1280 is the key (based on the article)

Gold (XAU/USD) daily Ichimoku chart by Metatrader 5

  • "Gold registered a low at 1280 with price respecting slope on a close basis before recovering higher. The advance failed this week at former channel support, turned resistance, with the subsequent sell-off breaking back below the 1302 pivot zone. The decline is now testing the 61.8% retracement of the advance at 1292 and a break below this threshold would risk another test of slope support with broader bullish invalidation steady at 1275/76 where the yearly opening-range low converges on the 38.2% retracement. Ultimately, a topside breach above monthly open resistance at 1313 is needed to shift the focus higher targeting the 61.8% retracement at 1321."
  • "The immediate risk is lower while below 1302 but ultimately, we’re looking for a new low to satisfy a larger correction. From a trading standpoint, a good place to reduce short exposure / lower protective stops."

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The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template).


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Sergey Golubev, 2019.04.01 19:40

Intra-Day Fundamentals - USD/CNHGOLD (XAU/USD) and Crude Oil: ISM United States Manufacturing Purchasing Managers Index (PMI)

2019-04-01 15:00 GMT | [USD - ISM Manufacturing PMI]

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

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

==========

From official report :

  • "The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The March PMI® registered 55.3 percent, an increase of 1.1 percentage points from the February reading of 54.2 percent. The New Orders Index registered 57.4 percent, an increase of 1.9 percentage points from the February reading of 55.5 percent. The Production Index registered 55.8 percent, a 1-percentage point increase compared to the February reading of 54.8 percent. The Employment Index registered 57.5 percent, an increase of 5.2 percentage points from the February reading of 52.3 percent. The Supplier Deliveries Index registered 54.2 percent, a 0.7 percentage point decrease from the February reading of 54.9 percent. The Inventories Index registered 51.8 percent, a decrease of 1.6 percentage points from the February reading of 53.4 percent. The Prices Index registered 54.3 percent, a 4.9-percentage point increase from the February reading of 49.4 percent, indicating a return of increasing raw materials prices after a two-month respite."

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USD/CNH M5: range price movement by United States ISM Manufacturing PMI news events

USD/CNH M5: range price movement by United States ISM Manufacturing PMI news events

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GOLD (XAU/USD) M5: range price movement by United States ISM Manufacturing PMI news events

GOLD (XAU/USD) M5: range price movement by United States ISM Manufacturing PMI news events

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Crude Oil M5: range price movement by United States ISM Manufacturing PMI news events

Crude Oil M5: range price movement by United States ISM Manufacturing PMI news events

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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:

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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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Sergey Golubev, 2019.04.19 08:55

GOLD (XAU/USD) - daily breakdown with the bearish reversal; weekly correction near the bearish support level (based on the article)

GOLD (XAU/USD) daily Ichimoku chart by Metatrader 5

  • "Retail trader data shows 74.0% of traders are net-long with the ratio of traders long to short at 2.85 to 1. The number of traders net-long is 0.3% lower than yesterday and 11.7% higher from last week, while the number of traders net-short is 10.9% higher than yesterday and 5.5% higher from last week."

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The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


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Sergey Golubev, 2019.05.05 09:57

GOLD (XAU/USD) - Gold Holds Support at 2019 Lows; 1,266 is the key (based on the article)

GOLD (XAU/USD) Ichimoku chart by Metatrader 5

  • "It’s been another busy week for Gold prices after last week’s breakdown to fresh 2019 lows. And while no new highs or lows were established this week – there may be a number of deductions that traders can move-forward with on the yellow metal. In this piece, I’m going to take a tops-down look at Gold prices, incorporating the monthly chart to focus on what got us to our current levels, and then drilling down to shorter-term variations in the effort of devising strategy. But, first and foremost – an identification of the current state of Gold prices, which is a symmetrical wedge formation that’s been building since the Q3 of last year. This formation will often lend itself to breakouts that can run for a while, as the digestion exhibited inside of the formation gives way to elongated trends."

============

The chart was made with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
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Press review

Sergey Golubev, 2019.05.28 17:02

Intra-Day Fundamentals - Dollar IndexUSD/CAD and GOLDCB Consumer Confidence

2019-05-28 14:00 GMT | [USD - CB Consumer Confidence]

  • past data is 129.2
  • forecast data is 130.1
  • actual data is 134.1 according to the latest press release

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

[USD - CB Consumer Confidence] = Level of a composite index based on surveyed households.

==========

From official report :

  • "The Conference Board Consumer Confidence Index® improved in May, following an increase in April. The Index now stands at 134.1 (1985=100), up from 129.2 in April. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – increased from 169.0 to 175.2. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – increased from 102.7 last month to 106.6 this month." 
  • "Consumer Confidence posted another gain in May and is now back to levels seen last Fall when the Index was hovering near 18-year highs,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The increase in the Present Situation Index was driven primarily by employment gains. Expectations regarding the short-term outlook for business conditions and employment improved, but consumers’ sentiment regarding their income prospects was mixed. Consumers expect the economy to continue growing at a solid pace in the short-term, and despite weak retail sales in April, these high levels of confidence suggest no significant pullback in consumer spending in the months ahead."
     

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Dollar Index H1: range price movement by CB Consumer Confidence news events

Dollar Index H1: range price movement by CB Consumer Confidence news events

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USD/CAD H1: range price movement by CB Consumer Confidence news events

USD/CAD H1: range price movement by CB Consumer Confidence news events

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GOLD (XAU/USD) H1: range price movement by CB Consumer Confidence news events

GOLD (XAU/USD) H1: range price movement by CB Consumer Confidence news events

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


fxstrategist007
170
fxstrategist007  
Very good rally indeed for gold, but it could correct from the 1328 level, may to the 1310 level before heading back up. Last year's high at the 1346 level could act as resistance.
Sergey Golubev
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Press review

Sergey Golubev, 2019.06.27 14:56

Intra-Day Fundamentals - Dollar IndexUSD/CNH and GOLD (XAU/USD): United States Gross Domestic Product (GDP) q/q

2019-06-27 12:30 GMT | [USD - GDP]

  • past data is 3.1%
  • forecast data is 3.1%
  • actual data is 3.1% according to the latest press release

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 at an annual rate of 3.1 percent in the first quarter of 2019 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent."

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Dollar Index (DXY): range price movement by  United States Gross Domestic Product news events

Dollar Index (DXY): range price movement by  United States Gross Domestic Product news events

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

USD/CNH: 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

==========

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

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

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