Gold (XAU/USD) is a safe haven asset and a popular risk-diversification instrument. Investor money flows into gold when the U.S. dollar and the euro are declining at the signs of a recession. Gold is mostly used in short-term strategies and with the goal to wait out the crisis.
Traders Union offers XAU/USD technical analysis provided by our analyst Anton Kharitonov. Additionally, on this page, you can access indicator-based weekly and monthly price forecasts, as well as an XAU/USD online Forex chart to keep track of the current trend.
Disclaimer:
This article does not contain recommendations for buying or selling currencies. The XAU/USD forecast and signals are made on the basis of independent assessments as of the moment. Please consider the risks when making an investment decision.
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Live XAU/USD priceGold to US Dollar
Traders Union offers XAU/USD technical analysis and signals, presented by the leading Forex analyst Anton Kharitonov, as well as other experienced analysts. The XAU/USD analysis is based on a combination of current fundamental data, news, and technical analysis, providing traders and investors with valuable and well-informed insights.
XAU/USD indicator-based signals are prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out XAU/USD signals.
NOTE!
Signals may differ on different timeframes. If you want to hold the XAU/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
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The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.
Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.
Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.
Expert opinions and consensus forecast.
NOTE!
This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
Gold is a safe haven asset. Its price spikes setting all-time highs during global recessions, geopolitical crises, and disasters. As soon as the situation clears and the global markets start to show signs of recovery, the gold prices move away from the extremes. This means that new extremes are possible in the future, making long-term investing the best strategy.
It depends on the time frame. In this review, you will find a consolidated forecast built on technical analysis indicators for time frames ranging from 1 minute to 1 week.
The target price depends on the current market situation. In the future, a breakout of levels above USD 2,000 and new all-time highs are expected.
The best indicators don’t exist; there are professional skills of how to apply them. Any indicator can be the best in the hands of a professional.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Rinat Gismatullin is an entrepreneur and a business expert with 9 years of experience in trading. He focuses on long-term investing, but also uses intraday trading. He is a private consultant on investing in digital assets and personal finance. Rinat holds two degrees in Economy and Linguistics.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
