GOLD Signal – 14.9.2021

GOLD Signals TEAM September 14, 2021 Past Signals 0 Comments

SELL at 1783.00

T/P 1: 1778.00
T/P 2: 1773.00
T/P 3: 1768.00
T/P 4: 1763.00

S/L: 1798.00

#XAUUSD hit S/L Price with -1.500 PIPs Loss

🟨 Technical GOLD Analysis – 25.4.2024

Technical Analysis of XAU/USD

Summary: Based on the analysis of oscillators, moving averages, pivot points, and the gold forecast, XAU/USD presents a predominantly bullish outlook. However, caution is advised as some indicators suggest a neutral stance.

Oscillators Summary: Out of the 11 oscillators, 8 indicators signal a BUY, while 3 remain neutral. This indicates a slight bullish bias in the market sentiment.

Moving Averages Summary: Among the 15 moving averages, all indicators suggest a BUY signal. The consistent bullish alignment of moving averages reinforces the positive outlook for XAU/USD.

Pivot Points Summary: Pivot points analysis shows a predominantly bullish sentiment, with most levels indicating a BUY signal. This further supports the bullish bias observed in other technical indicators.

Gold Forecast: The gold forecast suggests a potential upward movement, albeit with caution. A breach above a key resistance level could signal further growth, while a decline below support may indicate a reversal.

Analysis: The technical analysis indicates a predominantly bullish sentiment for XAU/USD. However, traders should remain cautious as some oscillators and the gold forecast suggest a neutral stance, potentially signaling a temporary pause or consolidation in the uptrend.

Scenario for Market Decline (SELL): In the event of a market decline, traders may consider short positions if XAU/USD breaks below key support levels, such as the pivot point or the 200-period moving average. Confirmation from multiple indicators, especially oscillators signaling a SELL, would strengthen the SELL scenario.
Scenario for Market Growth (BUY): For a market uptrend, traders may look for long opportunities if XAU/USD surpasses critical resistance levels, supported by bullish signals from oscillators and moving averages. A breach above resistance, accompanied by positive momentum and volume, would confirm the BUY scenario.

Conclusion: While the technical analysis suggests a bullish bias for XAU/USD, traders should exercise caution and await confirmation from multiple indicators before entering positions. The market remains susceptible to fluctuations, and prudent risk management strategies are recommended. The calculated probability of a market decline and rise should guide traders in adjusting their trading strategies accordingly.

Posted: April 25, 2024 at 11:47 am

Share

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Performance

Analytics

Others

GOLD Signal – 14.9.2021

Leave a Reply Cancel reply

Business Hours

Member Options