Złoto / Dolar USAZaktualizowano Gold XAU/USD Analysis Wednesday 21 August 24
https://www.tradingview.com/x/gWP2tJsK/
Hello,
We have had a smallish correction so far in the last 24 hours in the Gold-price. The USDX shows some temporary strength the past 8 hour or during the Oceania (New Zealand & Australia) and the Asian session during Wednesday.
The Silver price has faired better during these Oceania & Asian sessions.
2500 level is very key psychological & key support. It seems to be holding well as I write this article. I want to see support at 2507 & we are currently almost there.
2507 and support there would be on the 50 EMA in the 1 hour timeframe. I find the 50 EMA on the 1 hour to be a good yardstick of where the Gold price may go next.
See charts above.
* Don't rely solely on my investment advice, conduct your own research & form multiple sources.
Hello,
We have had a smallish correction so far in the last 24 hours in the Gold-price. The USDX shows some temporary strength the past 8 hour or during the Oceania (New Zealand & Australia) and the Asian session during Wednesday.
The Silver price has faired better during these Oceania & Asian sessions.
2500 level is very key psychological & key support. It seems to be holding well as I write this article. I want to see support at 2507 & we are currently almost there.
2507 and support there would be on the 50 EMA in the 1 hour timeframe. I find the 50 EMA on the 1 hour to be a good yardstick of where the Gold price may go next.
See charts above.
* Don't rely solely on my investment advice, conduct your own research & form multiple sources.
Zlecenie aktywne
The light-blue-line is my 20 EMA and the dark-blue-line is the 50 EMA, purple-line is always my 200 EMA.
I want to see the Gold price get support again above the 50 EMA (dark blue) on the 1 HR which is left of screen.
Zlecenie aktywne
The Important Economic News Today: (* Courtesy of investment.com)
New York (Eastern time)
10:00 USD Payrolls Benchmark, n.s.a. -187.00K (previous fig. only)
10:30 USD Crude Oil Inventories 2.000M (forecast) 1.35(previous)
13:00 USD 20-Year Bond Auction 4.466 (previous fig. only)
14:00 USD FOMC Meeting Minutes
Zlecenie aktywne
I said recently (above) that I wanted to see the Gold price get sustained support above the key 2500 level, we got support in Oceania / Asian trading at the 2504 level very recently.
I also mentioned above that I wanted to see the Gold price get support on the 1HR chart at the 50 EMA and ideally above it.
You can see on both chart a 2m & 60m that we are getting this accumulation of support at the 2507 level which represents the 50 EMA (dark blue line) on the 60m /1HR chart. Take a look. This represents a good buy long in gold at the moment.
Zlecenie aktywne
Zlecenie aktywne
We see support at the 2507 level on the 2m & 60m charts above.
Now on the 2m & 5m chart note that on the 2m chart a supportive cross-up of the 20 EMA (light-blue) above the 50 EMA (dark-blue). This convergence holds price up & price has then pushed through the 2509.20 levels on both charts 2m & 5m which is the red-consolidation box.
Uwaga
Consolidation Spotter Multi Time Frame
My correction, it is the green box.
Consolidation Spotter Multi Time-Frame is the free indicator on tradingview if you want to use it, like I do. It is a fantastic breakout indicator & it is clean, it only gives you the current zone so you don't have boxes everywhere.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.