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XAUUSD Technical Analysis

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Gold still moving on sideways zone, in this situation i am afraid to enter on any side, because anytime it can go at any side, i am still focusing this metal and i will try to take a chance after breaking daily 1st resistance 1316 or daily 1st support 1304 level for buy and sell order.
#31 - February 15, 2019, 07:03:03 AM
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I see the current price will chase the basic support level at the price level of 1310.03 as the next target profit level after the basic support above where the price level of 1317.80 has been broken. After the price touches the base support level, there is a possibility that I will look for a buying pattern by seeing if there is a resistance base formed and then breaking.

See the trend going on XAUUSD moves in an upward formation and the current bearish movement is temporary or correction to find a footing to continue the uptrend.
The US dollar began to show its strength again as seen in the trading session Thursday where the US dollar index ended positive at 0.078 percent at 96.465 (MetaTrader data).

The bullish driver for the greenback yesterday was a market view of the Federal Reserve. Market players now assess that they will not adopt a dovish attitude towards monetary policy as previously thought.

Most market participants expect the Fed to remain dovish until the end of the year, but some comments regarding the Fed are not uniform regarding interest rate increases before the end of the year, thus weakening the dovish view for the bank's interest rates.

The US dollar was hit by weaker-than-expected US economic data which confirmed expectations that the Federal Reserve will keep US interest rates stable this year.

The market is still stuck in a boring and tight range. Some data and news also failed to get the market out of that tight range, now the market hopes that there are other stronger driving factors.

The driving factors may be strongly related to the development of US and China trade talks and Brexit negotiations which until now have not been confirmed.

The forex and gold markets still have the chance to continue consolidating today until a bright spot appears on the issue of US-China trade and Brexit.

In the meantime the market also seems to ignore saber rattling between the US and Russia which can indeed lead to the Cuban Missile Crisis Volume 2 after the US plans to spread missile systems in Europe near Russian territory.
#32 - February 24, 2019, 03:52:58 AM

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i think this pair is down after hit the high price 1346 plus go down and i hope in this week or next week go more down and next target is 1267 or more down so now good bearish trend and continue go down i suggest sell this pair and take profit at the price 1276 and stop lose at the price 1291 or hope hit this target soon ,  good luck 
#33 - March 06, 2019, 05:41:34 PM

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gold is still in the bearis condition
I expect gold to be corrected first to resistance at the price of 1290.10
and according to trenline
#34 - March 06, 2019, 05:45:43 PM
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OUTLOOK GLOBAL ECONOMIC SLOWS POTENTIAL TO SUPPORT GOLD PRICE INCREASE

Gold prices have a chance to strengthen in the short term amid the depressed US dollar after the release of US economic data which was considered pessimistic on Friday and the increase in demand for safe haven assets behind the outlook for the global economic slowdown.

Today the market looks forward to a speech from FOMC member Charles Evans at 12:00 WIB, if in his speech he gave a dovish view, the opportunity to strengthen the rise in gold prices lately.

Support levels: 1310 - 1304 - 1297
Resistance level: 1320 - 1326 1333
#35 - March 25, 2019, 05:20:47 AM
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The price of gold also strengthened as concerns mounted around the global economic slowdown which will spread to become an economic recession. Gold continues the trend of strengthening prices in the last 12 trading days.

At the time of writing in the European session on Monday (3/25/2019), gold was traded at $ 1316.58 per troy ounce, up 0.25 percent (3.31 points) from the weekend closing. This price was last reached 3 weeks ago or on March 1, 2019.

The inversion of the US Treasury yield curve for the first time since 2007, one indicator of a recession will make global stocks lower on Friday and an extended sell-off throughout the beginning of the European session on Monday, which eventually turns out to be a factor the main thing that sustains safe-haven demand for precious metals for the second consecutive session.

Data from Europe over the weekend confirmed the potential for recession, in addition to the latest outlook from the Federal Reserve which lowered US economic growth projections, adding to the list of advanced economic central banks that lowered the projected economic growth after the European Central Bank (ECB).
#36 - March 25, 2019, 09:13:58 AM

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GOLD PRICES NEED TEST 1296 TO CONTINUE STRENGTHENING


XAUUSD Technical Analysis in Technical_Screenshot-2019-04-01-09-36-41
Gold prices moved in a narrow range at the start of the Asian session after being pressured by the US dollar to get support from Brexit uncertainty after Prime Minister Theresa May felt defeat for the third time in a row.

Gold prices have a chance to move up in the short term to test resistance levels at 1294, a break of these levels has the potential to support gold strength testing the next resistance levels in 1296 and 1298.

Failure to break the above resistance levels has a chance of further suppressing gold prices testing support levels in 1289, 1287 and 1286.

Resistance: 1294, 1296, 1298
Support: 1289, 1287, 1286
#37 - April 01, 2019, 02:38:50 AM

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I see the current price will chase the basic support level at the price level of 1310.03 as the next target profit level after the basic support above where the price level of 1317.80 has been broken. After the price touches the base support level, there is a possibility that I will look for a buying pattern by seeing if there is a resistance base formed and then breaking.

See the trend going on XAUUSD moves in an upward formation and the current bearish movement is temporary or correction to find a footing to continue the uptrend.
xauusd on this day rose very high. trade war between America and China has affected the rise of Xauusd
#38 - May 13, 2019, 10:15:32 PM

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Gold enters a trend change period, be careful, just in the D1 bearish mother candle trend.
#39 - May 17, 2019, 08:18:57 AM

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Intraday Preferences: BULLISH

Support: 1315.42, 1307.70, 1295.21

Resistance: 1327.91, 1340.40, 1348.12
#40 - June 05, 2019, 12:39:11 PM

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Intraday Preferences: BULLISH

Reference Area: 1327.74 (look for BULLISH signal confirmation)

Support: 1327.74, 1317.66, 1309.51

Resistance: 1344.03, 1360.32, 1370.40
#41 - June 06, 2019, 08:21:50 AM

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it seems that XAUUSD / GOLD commodity prices are moving back from the Swing and High area before after losing selling momentum that does not respond to the previous selling pressure. This illustrates the still slow Bullish view, so we will be aware of the retest potential to 1355.xx-1360.32.
#42 - June 07, 2019, 02:48:49 PM

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Intraday Preferences: BEARISH

Reference Area: 14,642 (look for BEARISH signal confirmation)

Support: 14,642, 14,523, 14,449
#43 - June 11, 2019, 06:23:46 AM

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There are no significant changes in the reference / support / resistance area, this analysis is still relevant as a trading reference on June 18, 2019)

Intraday Preferences: BULLISH

Reference Area: 1343.50 (look for BULLISH signal confirmation)

Support: 1334.47, 1328.89, 1319.87

Resistance: 1343.50, 1349.08, 1358.10
#44 - June 18, 2019, 06:43:46 AM

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Today is Friday, September 20, 2019

I will add a basic analysis for the XAUUSD pair by using the TrenLine technique, and if we look at the XAUUSD pair'sframe H4 timeframe a few days ago I tried to continue the increase after a few days yesterday the pair is sideways, and according to my technical analysis, the Trends Up for the XAUUSD pair today will continue to reach the price level of 1547.00 to 1550.00 which has been shaded in this picture is strongly based on the potential of BULLISH on a very strong XAUUSD pair, and the trend of this pair will still continue UP

XAUUSD Technical Analysis in Technical_XAUUSD-H4
#45 - September 20, 2019, 06:43:48 AM
« Last Edit: September 20, 2019, 10:04:35 AM by Admin »

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