Analaysis on Gold

 At the end of the last trading week, precious metal Gold had another week of new growth when the price bounced up from 1784 to 1810, closing the week at around 1808. In my personal opinion, Gold is still  is being blocked by the resistance area of ​​1810-1815, so it is likely that in the beginning of the week's session there will be a slight correction, the condition for the increase to continue is to overcome this price area.

 - Switching to the H4 time frame Gold is forming a double top pattern. We can short-term at the current price range with safe profit-taking around 1800-1803.  Here we liquidate the order and wait for the next signal.

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📕 Comment on Gold on December 14, 2021

 After bouncing up to 1791 Gold fell exactly as analyzed in 1782 and sideway at this price range.  Closing the day session with a bullish candle around 1786. With this precious metal still flat, not much breakout yet so my personal view remains the same, we can trade.  within this range.

 - Maintain a sell signal around 1790 as a strategy and consider buying around 1770. If Gold breaks one of these two price zones, we will wait for a pullback and then follow that trend.

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Comment on Gold on November 9, 2021

After falling to 1812 Gold immediately bounced up as expected to 1825, closing yesterday's session with a bullish candle around 1823. With the end of the day continued with a bullish candle like this.  the possibility that the uptrend will not stop and will continue to increase in today's trading session.

Switching to the H4 time frame if mn has liquidated to take profits, in the beginning of today's session, we can set a buy status around 1815-1819 so we can consider buying with the target.  Target higher than 1830-1833 in today's trading session.

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Weekly Analysis on Gold

 Gold

MARKET VIEW

Weekly changes: XAUUSD +1.89%

Gold prices touched the 1,813 USD level before pulling back after U.S. Federal Reserve Chair Jerome Powell said he expected inflation to ease next year and that the U.S. central bank is on the way to begin winding down its stimulus.

Meanwhile, the comments from the Fed Chairman show he expects inflation to remain high well into next year potentially.

BULLISH TRIGGERS

The high inflation remaining in the market will be an underlying supportive factor for gold in the weeks and months ahead.

BEARISH TRIGGERS

The cutting of stimulus programs by the Fed next month will be a lowering factor for gold prices.

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📕 Comment on Gold on October 22, 2021

True to precious metal analysis Gold yesterday, after rising to 1789, fell to 1776 and moved sideways in this range, closing yesterday's session with a bullish candle but this upward force did not reflect.  get much.  The price zone 1785-1788 is still a resistance zone that precious metals need to overcome if the rally continues and below is the support zone around 1775.

On the H4 time frame, we can see the bottom of the candles with the phenomenon of gradually rising MA20.  So in my personal opinion, we can buy if the price corrects to this MA20 with a safe target around 1788 and an expectation at 1795.
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Comment on Gold on October 21, 2021

 As the analysis of yesterday, precious metal Gold bounced up quite well from 1766 to 1788 ($22), closing yesterday's session with a bullish candle around 1782. With good momentum.  Yesterday's good performance and with many hits to the 1785-1788 resistance area, in my opinion, Gold today will break out of the upper resistance zone to continue going up.

 - On the H4 time frame, the nearest support zone of precious metal Gold is around 1775 and if precious metal Gold corrects here, we might consider buying with a safe target around 1785-  1790.

Let's have an overview on Gold(XAUUSD)

 XAUUSD M15

The market today opened at the price of 1767.00 as well as making a $ 4 retracement of the increase from the opening price.  From the current chart what can be seen through the current movement.

From the chart analysis, the tendency of the market price shows more downtrend than uptrend.  Because the rise that took place early this morning did not show strength on this candlestick.

Even what is created at current prices?  Bearish engulfing has formed on the M15 timeframe.  This suggests the possibility of market prices tending to a downtrend.

But at the same time.  The price is in the flat area where the price was the lowest last Friday.  Chances are if a strong downtrend can occur it will need to break in that area.

This is an appendix to today’s support and resistance prices;

 R1: 1770.00

 R2: 1776.00

 R3: 1786.00

 --------------------

 S1: 1764.00

 S2: 1758.00

 S3: 1748.00

Those who want to see the breakout + retest chart can be guided by the M15 timeframe.  As well as 1: 1 trade management can be used as a management guide for today's trading.

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📕 Comment on Gold on October 18, 2021

 - After the precious metal Gold touched MA20 on the weekly chart as well as the descending trendline channel extending from June 1, 2021 until now, as analyzed at the end of last week Gold has dropped sharply from 1796 to 1764 ($32).  Closing the week with a long bullish candle so in my opinion at the beginning of the week there will still be selling pressure before the next rally.

 - Switching to the daily time frame, we can see that the selling force of Gold on Friday dominated quite a lot and is showing signs of a slight recovery and we can wait to buy around 1767.  with the target 1778-1782.  Here we liquidate the order and wait for a sell signal.  At that time, the team will update the signal to watch.

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Xauusd Overview

XAUUSD H1

 The rise in the market price that took place yesterday after being tested at the opening price of 1754.00 did rise up to the level of 1769.00

 from this $ 15 increase is the market price today able to make an increase or even follow the original trend where the downtrend will occur following the big bearish in the past?

 From the current chart today, I see a rejection at the price of 1763.00 which is the first resistance area after the market opened this morning.  Continuing that, the price also has confluence on the trendline area in the M15 timeframe tested.

 These are the support and resistance levels of gold today:

 R1: 1763.00

 R2: 1769.00

 R3: 1779.00

 --------------------

 S1: 1757.00

 S2: 1751.00

 S3: 1741.00

 The price opened today at 1760.00, from Monday’s chart to the current market.  The majority of the movement is still in a horizontal position so looking from this potential, short term trading can be done in the following areas.

 Trading management 1: 1.5 to 1: 2 can be used as a guide to place a good risk reward in current trades.

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📕 Comment on Gold on 11/10/2021:

In the last hours of last week's trading session, precious metal Gold had bounced to 1781 but then fell back to $26 to 1755, closing the day session with a bullish candle with a long beard.  along with it is also closing the weekly candle with a bearish candle.  With the closing of the weekly candle as well as the daily candle, it shows that the upward force is weakened, so in my opinion at the beginning of today's session, the selling pressure of this precious metal will appear, selling priority will be today's strategy.

 - Moving to the H4 time frame, we can see that apart from the last weekend's sweeping candle, the range is still in the sideways zone and has not shown any signs of breaking out.  So around 1765 is still an area where we can establish a sell position with the target being the lower band of this sideway 1750-1755.

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Let's have an look on XAUUSD

 XAUUSD M15

The rise occurred last night after the market price tested the support level of 1725.00 and failed to break and then passed a confirmation reversal on the M15 timeframe.  An increase of $ 40 occurred from the lowest price to yesterday’s highest price.

 So through today’s chart what is the potential that could happen at the current price at the moment?  I see from the trend of the market price which is dominated by the uptrend as well as there was a clear set up early this morning after the market-tested on the trendline area as well as at the price of 1752.00

 In addition, the market expects to continue the rise guided to the test level at the nearest resistance area between 1755.00 - 1752.00 and 1746.00

 This is one of the closest support areas that can be retraced because in the current situation the price has entered the horizontal zone.

 If choosing the current market to trade I advise to put confluence on every trade made so that you can see more clearly what will happen after that.

 From the overall picture the market can rise again up and there is a breakout at yesterday’s highest price in the event of a breakout at that level.

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Comment on XAUUSD H1 by Money Life Research

 Yesterday’s market price decline, occurred after a breakout that occurred in the support area with a morubozu candle on the H1 timeframe.

 So through the current chart now what can be seen through the current potential?  The current chart is uptrend after the market opened and did not pass yesterday's lows.

 Continuing that, I see this rise is a retracement that took place in the early morning and the possibility of the price being able to reach at 1743.00 where it is the closest resistance area to the current price.

 In addition, at the price there is a confluence where the support price and has a trendline drawn through the timeframe M15, so I will look at the chart if there is a reversal movement, the mark as an entry point will be done.

Accompanied by risk management between 1: 2-1: 3 can be taken at a lot fixed rate according to the available account capacity.

 The price seen as a whole has a breakout at the lowest price, it is likely that if the US session opens, traders can see an interesting movement through gold now, that is in case of momentum.

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Market Outlook: Gold/XAUUSD

 Gold inched higher shortly after the New York session on Monday despite a rise in Treasury yields and the U.S. Dollar. An overnight reversal to the downside in the U.S. stock indexes may be helping to underpin prices, but more than likely, the market may have found a sweet spot on the chart where it is neither too bullish nor too bearish.

- This pattern is a continuation event that pauses before it refreshes lower. Medium-term momentum has turned negative and generated a crossover signal.

Technical View 

- A sustained move over 1758 will indicate the presence of buyers. The first upside target is 1762.90. Taking out 1762.90 could trigger an acceleration into a resistance cluster at 1787 to 1788.

- A sustained move under 1758 will be the early sign of weakness.

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Weekly Overview on Oil by Money Life Research

 MARKET VIEW

Weekly changes: XBRUSD +4.34%

The oil prices are rebounding to multi-year highs. XBRUSD settled near a three-year high at 77.25 USD, its best level since October 2018.

BULLISH TRIGGERS

Oil demand will be growing steadily amid the ongoing economic recovery while the supply outlook remains stable thanks to production discipline by OPEC+. The latest EIA report shows that U.S. crude stockpiles declined for the seventh consecutive week. According to the U.S. Energy Information Administration, U.S. crude inventories fell by 3.5 million barrels last week. India’s oil imports hit a three-month peak in August.

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BEARISH TRIGGERS

There might be a significant downwards correction, according to Bloomberg Intelligence senior commodity strategist Mike McGlone. He notes that the last two influential crude declines in 2018 and 2020 were almost tick-for-tick with SPX500. The 20-quarter correlation between the Bloomberg Commodity Spot Index and SPX500 currently sits at 0.90, the highest reading since 1960. The BI analyst says the last time the correlation peaked was back in 2013, followed by the spectacular oil price crash of 2014, which then spread to the rest of the commodities complex.

Let's see the update on Xauusd

 XAUUSD H1 

Today’s market price opened showing the gold market making $ 10 momentum from early this morning.  But whether this potential will change or continue to increase to a higher level.

From the analysis done, I see the market is now in an overall flat state, this happened after the fall in sentiment news on the new.  So I looked at the aspect of short-term trading that can be done at this point.

In addition, there is also the probability that the price will be able to climb more if the price of 1760.00, the candlestick manages to close on the H4 timeframe, most likely an increase can occur after that.

And these are among the prices that can be used as a guide today, among them are:

 1748.00

 1752.00

 1758.00

 1768.00

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Gold Rejected Below 1782 Level Despite Dovish FOMC

GOLD prices closed at $1,767.80, after setting a high of $1,788.25, and a low of $1,765.25. After surging for two consecutive sessions, gold dropped on Wednesday, amid the strength of the US dollar. On Wednesday, the greenback was strong across the board, reaching 93.51, which was its highest level since August 20. The US dollar pushed the price of gold down after the Federal Reserve signaled that it would ease its monthly bond purchases by next year and increase interest rates sooner than expected.

The appeal for the yellow metal was subdued after the US Federal Reserve mentioned in its latest policy meeting on Wednesday that tapering of economic support would begin this year, and interest rates could potentially rise next year, in response to inflation.

As a result, the US Dollar Index reached a one-month high, decreasing the appeal of gold. The precious metal is often used a hedge against higher inflation. However, it tends to lose its value if the Fed increases its interest rates or reduces its support for the economy.

Meanwhile, on Wednesday, Fed Chair Jerome Powell said that the Fed was pushing ahead with its research into implementing its digital currency.

The Fed has also revealed its plans to release a paper on the matter shortly. According to Powell,  no decision has been made regarding this issue as yet, and the Fed is not under any pressure to rush into a decision like this without doing proper research of its own.

Powell also said that the Federal Reserve could wrap up the tapering of its bond purchases by the middle of the next year. The central bank has been buying $120 billion a month in Treasuries and mortgage-backed securities, to support economic recovery from the coronavirus pandemic. These comments helped the US Dollar Index to achieve its highest level in one month and weighed heavily on the precious metal, turning its momentum red for the day. At 19:00 GMT, the existing home sales for August came in, remaining in line with the expectations of 5.87M. It had zero impact on the prices of the US dollar and GOLD.

Gold – XAU/USD – Technical Outlook

Gold has fallen below the pivot point support level of 1,773, towards the next support level of 1,759. Gold prices will be exposed to an additional support mark of 1,750 if they break below the 1,759 level. A bullish crossover at 1,773 would also open the yellow metal to the 1,781 level.

Daily Technical Levels

Support           Resistance

1,759.29           1,782.29

1,750.77            1,796.77

1,736.29            1,805.29

Pivot Point:       1,773.77

GOLD has completed a 61.8 percent Fibonacci retracement at 1,781 on the 4-hour timeframe. The close below this level has triggered a sell-off in the precious metal. The RSI and Stochastic indicators are both in the sell zone, but the 50 SMA at 1,773 provides resistance. As a result, the bearish bias reigns supreme below 1,773 and vice versa.

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Technical & Fundamental analysis on Xauusd

 XAUUSD H1

 The market price made a strong decline after the sentiment news was released as well as testing at the 1785.00 level before a strong decline took place.

 From yesterday's decline is the potential to make such a continuation?

 Let's take a look at the bigger picture, the decline that took place yesterday, has already been tested at the highest area where 1765.00 is the nearest resistance level and has already been tested today.  So through this chart, I am of the view that if the market makes a continuation of the decline the price should be below that price.

 If the current market conditions are above that level, it is likely that the price will rise again.  But since a strong decline took place yesterday, so it is likely that today, the market will make a flat price where 1770.00 and 1760.00 will be the prices seen to perform as short-term trades.

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Todays Overview on XAUUSD by Money Life Research

  The market which was active last night saw an increase in the price to reach the level of 1780.00 also testing the small resistance area found last week.

 From the chart shows the market is moving bullish trending on the H1 timeframe and the market reaction now shows a horizontal market movement taking place after yesterday’s rise.

 So through this chart what is the potential that could happen to gold at the moment?  In my opinion, there are 2 probabilities that can happen at this point.  For certain reasons as follows:

 Situation 1: The fixed price continues to rise to a higher level if it manages to break at the price of 1780.00 and there is a retracement at that price.

 Situation 2: The price is moving horizontally and showing a downtrend tendency because the current price has a confluence on the past resistance area as well as the trendline that was tested yesterday.  As well as at the current price there was a candlestick reversal in the last few hours.

 So through these two situations, traders need to look more closely at the lower timeframe to make a trade as well as get the best space and opportunity to trade.

 If looking for an opportunity to buy, the price of 1775.00- 1770.00 will be the nearest support level at this point.

 If looking for an opportunity to sell it is better to wait for the price to make a breakout on the trendline area.

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📕 Comment on Gold on September 22, 2021

Currently, precious metal Gold is facing a strong resistance zone around 1780 and in my opinion, it is likely that Gold will have a slight correction here and we can establish a sell position.  down at this price zone with the target around 1755-1760.

During Asian trading hours, the market trades lightly, investors are waiting for the Fed meeting, and the market has digested all the information and sentiment.  Therefore, the market is currently maintaining a neutral status.  Before the meeting, the market trend may not be large and clear.

Tonight, the Fed will hold an important meeting on interest rates, in which the "dot plot" will be announced.  Before the meeting, the market may not be too volatile.

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Overview on XAUUSD by Money Life Research

The market that did a retracement yesterday, has reached at the resistance area at 1765.00, through this indicator what is the potential to be done today?

 I see the current chart which is in the resistance area as well as at the current price of the candlestick showing the reaction of the beginning of the downtrend as the engulfing candle has already taken place.  In addition, yesterday's price also tested the trendline area where there is a confluence at the price of 1765.00

 From this probability, I think that the market is able to decline again because in the major timeframe the price is still dominated by the downtrend, and the rise that happened yesterday was just a retracement that happened.  This allows long -term trading to be done.

 Followed by effective trade management.  If I were the one doing this trade, I would choose a risk reward of 1: 5 if the market really was gaining momentum.  Because keep in mind that the market is still in the horizontal zone from last week, if yesterday’s low price is successfully broken then, the market is able to continue the stronger downtrend.

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