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XAU/USD ( gold)

It could to be a bounce on the XAU/USD ( gold) that this year is down by 15% , a plunge that overheated many oscillators ( look at the RSI and CCI for example)
If it will be happen , the gold could breach easily the resistances provided by Fibonacci , at least up to reach the 50% level
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XAU/USD ( GOLD)

The XAU/USD ( gold ) failed to breach the static support placed just above 1200 , along with this failed attempt there is also a strong bullish divergence present on the CCI oscillators . Both signals are bullish , of course
So gold could restart its main ( bullish ) trend , in this case a goal to 1300 , where is placed a static resistance , seems the ideal for Sept.
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Brent oil

The announcements before the OPEC meeting in Vienna today continue at Full Speed. Ecuador's Oil Minister Carlos Perez said the global supply agreement is already approaching. OPEC and its partners, as claimed, do not expect them to take a decision to increase daily oil production by 1 million barrels Perez, 600 thousand barrels per day of production seems more likely to increase. The Nigerian petroleum minister said he hoped a consensus would be made today on the production decision, while he ho…
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EURusd overview

The Fed's announcement after Federal Open Market Committee(FOMC) meetings pointed to a more “falsehood” stance in the current year and inflation projections, but the end of expectations and yesterday's European Central Bank(ECB) meeting due to the end of the morning hours of rising on the parite side due to expectations. In the ECB decisions, all interest rates were fixed, while the asset purchase program was announced as 30 billion euros until the end of September and as 15 billion euros betwee…
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Gold - Technical Analysis Forecast


  • The average true range is at 13.334
  • It seems that there is a very strong support level at 1300. The price has failed to break through this level in 2018
  • The support level at 1300 will likely hold in the coming month given that the volatility in gold is moderate

  • Now using the fibonacci retracement levels i can predict that the next move will be upward.
  • I will use the 2018 highs and lows to set up the retracement levels
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Gold

The XAU/USD (gold) increased about 20% since December of 2016 , a run that seem interrupted in the 2018 , with the static resistance placed around 1360 that have stopped it . However the gold remain well above the moving average of long period ( 200)
Considering the oversold situation showing by the CCI oscillator a recovery , at least up to the static resistance , could to be imminent . So i foresee a price around 1360 for June
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XAU/USD bouncing from the resistence level and heading down

Situation:
On the long term prospective the price is in a coomplex correction:
We had a bounce to the downside after the price tested the previous highs.
My expectation is for the price to move up and test a short term resistence level and then move to a nearby support level as shown on the daily and weekly chart.
Weekly chart:
Important levels are pointed out
Daily chart:
A possible scenario is described
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Shuael avatar
Shuael 28 Dec.

I used a wrong timeline, setted on the 20 of feb.

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Gold

The gold is in a bullish trend as you see from the red channel and by the moving average ( long period ) present on this chart
This trend could lead the asset to reach the resistance provided by the Fibonacci expansion ( 61,8% )
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williamb avatar
williamb 21 Jan.

After the positive closure of 2017 ( +15%) the XAU/USD seem ready to repeat itself also this year , in fact is up by 2% and the moving average of 200 days remain below the gold 's value .

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Am bullish on the gold

After the peak ,touched Sept 7 , gold decreased at the level of the dynamic support provided by lower edge of its bullish channel , while the CCI oscillator begin to show the first signs of a bullish divergence
At this point a rebound seems unavoidable , with the asset that could to go up to reach the R1 resistance provide by Woodie pivot points for the deadline of this contest
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Gold

Despite the last correction the gold is still in bullish trend , as you can see from this chart , because it is above the moving average of long period ( 200) .
In particular we are in presence of an oversold situation , with the gold that touch the lower margin of the bullish channel while the Stochastic oscillator is bullish , a bounce is unavoidable ( i hope)
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