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Gold depends on $ & supporting by Silver week ahead XAUUSD Technical Overview: Week Pivot: 1191.82 Week Key Resistance: 1200.74 - 1206.16 -1215.16 Week Key Support: 1182.90 - 1177.4 - 1168.48 Technical Indicator: Moving Average: SMA 200 (1196.65) & SMA 55 (1198.28) strong resistance for gold. RSI: The indicator shows downward momentum & having strong resistance at 53.41 level (See in chart) Technical Trade Idea for week: Most Likely Scenario: Long above 1191.40 with target 1200 - 1205 in extension. Alternative Scenario: Short below 1191.40 with target 1182 - 1176 in extension. Fundamental: Gold hit a fresh six-week low late in the week, but a strong performance in silver, coupled with profit-taking in the U.S. Dollar ahead of the week-end, helped the market recover nearly half of the week’s loss. Although the direction of gold prices will be primarily influenced by the U.S. Dollar. Traders should also pay attention to the price action in the silver market. Silver is being supported because it is relatively cheap. Additionally, it could be attracting buyers due to inflationary expectations and industrial demand during the current economic expansion. This makes it a more attractive asset relative to gold. This may be just enough to bring in the buyers. Now that the news is out there, look for heightened volatility. Economic news that could influence the U.S. Dollar and gold prices next week are U.S. ISM Manufacturing PMI, ISM Non-Manufacturing PMI, and the Balance of Trade. Additionally, investors will get the opportunity to react to the September Non-Farm Payrolls report. The headline number is expected to show the economy added 185K jobs last month. Average Hourly Earnings are expected to have risen 0.3% and the Unemployment Rate is expected to dip to 3.8%. The dollar will continue to be influenced by Treasury yields and worries over Italy. We’re going to approach the market early in the week as if a stronger dollar will make gold weak. However, we’ll quickly shift to an upside bias if another rally in silver takes control of the gold market and drags prices higher. Thanks YoCryptoManic

Gold continue to pay attention to several things at once XAUUSD Technical Overview: Pivot: $1205.20 Day Trading Range: $1200.00 - $1218.50 Key Resistance: $1210.66 - $1214.59 - $1217.33 - $1221.20 Key Support: $1205.20 - $1203.25 - $1200.00 - $1196.28 Technical Indicators: RSI: Indicator lacks downside momentum, moving around 64 level. Moving Average: SMA 20($1203.63) & SMA 55($1200.71) strong support for Gold. Technical Trade Idea: Most Likely Scenario: long positions above 1205.20 with targets at 1212.45 & 1215.38 in extension. Alternative scenario: below 1205.20 look for further downside with 1203.25 & 1199.89 as targets Overall, Gold continue to pay attention to several things at once, as there are fears about the trade war, questions about whether the Federal Reserve will be able to raise interest rates in that environment, and then of course a lot of fear in the emerging markets. This has made the precious metals sector very difficult to trade at times, if you are looking at short-term charts. However, all one has to do is zoom out to the longer-term charts and recognize that we are in a major downtrend. This isn’t to say the gold can’t rally, most certainly can and it has. However there are levels where we see a lot of resistance previously. This is seen just above at the $1215 level, which should be a bit of a challenge to get above. That’s not to say that we can’t break above there, but we need some help from the US dollar. Thanks YoCryptoManic

Yellow Metal Looking Go Forward But $$ trying to Stop XAUSD Technical Overview: Day Trading Range: $1196 - $1216 Pivot: $1201.20 Key Resistance: $1205.25 - $1208.36 - $1212 - $1215.45 Key Support: $1201.20 - $1198.33 - $1194.20 - $1192.10 Technical Indicators: RSI: Indicator shows upside momentum, moving above 50 level. MACD: MacD having bullish trend line. Moving Average: SMA 100 ($1199.89) & SMA 200 ($1199.10) strong support for Gold. Technical Trade Idea: Most Likely Scenario: long positions above $1201.10 with targets at $1208.45 & $1212 in extension. Alternative scenario: below $1201.10 look for further downside with $1198.25 & $1194.50 as targets. Fundamental: Gold move depends on Dollar today 1) The US housing starts rose strong 9.2% m/m in August while building permits decreased -5.7% m/m in the same month. 2) The US initial jobless claims are expected to increase to 210K in the week ending September 14. 3) Philadelphia Fed index is expected to increase to 17.0 in September from 11.9 in August. Thanks YoCryptoManic

European Session Gold keen observing "sensitive US dollar"XAUUSD Technical Overview: Pivot: $1197.10 Day Trading Range: $1194 - $1214 Key Resistance: $1204.45 - $1207.29 - $1212.66 - $1218.89 Key Support: $1197.10 - $1194.22 - $1191.45 - $1189.56 Technical Indicator: RSI: RSI lacks downside momentum, trading above 50 level. Moving Average: SMA200($1198.94) & SMA100($1200.48) strong support for xauusd today. Technical Trade Idea: Most Likely Scenario: long positions above 1197.10 with targets at 1205.50 & 1207.56 in extension. Alternative scenario: below 1197.10 look for further downside with 1194.50 & 1189.45 as targets. Overall, Gold remains in a sideways consolidation between 1214 and 1182 but is making the case for a break higher according to the bullish symmetrical triangle. For bulls to get back control, whereby the market is heavily short of gold and to reconsider its positioning, (net speculative short positions, or bets an asset’s price will fall, in gold, are up 275% year to date), then they need to get and hold above the 50-D SMA at 1211 first, then 1214 which is resistance and then the 200-W SMA at 1233 will need to be challenged. A retry of the downside now should target 1146/20 monthly levels. Fundamentally, the intensifying U.S.-China trade dispute is the driver ahead of next week's FOMC meeting. However, we have only seen modest moves in the greenback so far and markets, in fact, took the trade headlines in their stride. Even with President Donald Trump announcing $200 billion tariffs against China on Monday that provoked an expected and swift retaliation from the nation, fear has yet to really show up in the market and the US benchmarks were higher with the DJIA making another all-time record high. Thanks YoCryptoManic

European Session "Golden Eye" on War XAUUSD Technical Overview: Day Trading Range: $1188.85 - $1207.27 Pivot: $1202 Key Resistance: $1202 - $1205.35 - $1207.89 - $1212.33 Key Support: $1196.28 - $1194.69 - $1191.89 - $1189.21 Technical Indicators: RSI: Indicator is confusing where to go, moving around 50 level, trend downward (See chart RSI). MACD: MacD is having negative volume for xauusd. Moving Avg: SMA55 ($1198.74) strong support & SMA200 ($1199.78) which is CMP (time of writing). Technical Idea: Most Likely Scenario: short positions below 1202.00 with targets at 1196.28 & 1192.20 in extension. Alternative scenario: above 1202.00 look for further upside with 1205.85 & 1208.65 as targets. Overall Review: Trade war fears continue to be a major issue as well, which almost certainly looks likely to pick up a bit. We think that the Gold markets will continue to be very range bound, with the $1195 level underneath the be supportive, and the $1215 level above should be resistive. Overall, this is a market that we think should continue to see volatility, but we also recognize that we are more than likely going to move with the US dollar, as we have seen for some time now. we think at this point though, it’s probably easier to short this market at higher levels than anything else, because the move has been extended so rapidly during the day on Monday. Thanks YoCryptoManic

European Seeion Yellow Metal Upside Bias XAUUSD Technical Overview: Pivot: $1200.20 Day Trading Range: $1196 - $1214 Key Resistance: $1208.45 - $1212.89 - $1215.55 Key Support: $1204 - $1200.20 - $1196.28 Technical Indicator: MACD: MacD is loosing bullish bias. Moving Avg: SMA100 ($1201.03) & SMA200 ($1199.63) strong support for the day. Technical Most Likely Scenario: long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension. Technical Alternative scenario: below 1200.00 look for further downside with 1196.00 & 1192.50 as targets. Fundamental: Gold markets have rallied significantly during the trading session on Thursday but hit a brick wall of resistance above the $1215 level, and I think that there are a couple of moving pieces right now that are throwing the markets around. The US economy printed a lower than anticipated CPI number, and that sent the greenback lower, and by extension sent the Gold markets higher. However, at the same time there is comments coming out of the European Union that further stimulus may be needed by the central bank, which is positive for the US dollar as the EUR/USD pair essentially drives the majority of US dollar flows. Thanks YoCryptoManic

XAUUSD completed Bull Flag, Looking For Rally $1218 XAUUSD Technical Overview: Pivot: $1202.25 Key Resistance: $1208.45 - $1212.00 - $1217.89 - $1222.24 Key Support: $1202.25 - $1198.45 - $1195.55 - $1192.00 Technical Indicator: Chart Pattern: Bullish Flag Completed, looking for upside direction. RSI: Indicator shows upside bias. MACD: MacD having upside momentum. Moving Avg: SMA100 ($1199.02) & SMA55 ($1198.27) strong support for Gold. Technical Most Likely Scenario: long positions above 1202.25 with targets at 1208.50 & 1212.50 in extension. Technical Alternative scenario: below 1202.25 look for further downside with 1198.00 & 1192.50 as targets. Fundamental: Gold markets were very noisy during trading on Wednesday, as we continue to see a lot of volatility around the world. The US dollar got a bit of a beating during the day as James Bullard suggested that an inverted yield curve could cause a recession. Everybody on Wall Street knows that, except for currency traders it seems. However, at the end of the day the Gold markets continue to face a lot of selling pressure due to the US dollar strength longer-term. There have been a lot of concern with emerging markets, and that should continue to be the case. I also recognize that we are a bit range bound, although I think there is some upward pressure to be found eventually. If we do break above the $1208 level, that would be a good sign. In the meantime, I think that rallies are selling opportunities on signs of exhaustion, as gold simply can’t seem to get its act together longer-term. Thanks YoCryptoManic

European Session XAUUSD fear from $XAUUSD Technical Overview: Pivot: $1197.20 Day Trading Range: $1200 - $1186 Key Resistance: $1196.44 - $1200.00 - $1205.89 Key Support: $1193.35 - $1189.56 - $1186.78 Technical Indicators: Moving Avg: SMA100 ($1198.33) & SMA200($1200.12) strong resistance for the day. MACD: MacD is having low buyer volume and try to get seller volume soon. Most Likely Scenario: short positions below 1197.25 with targets at 1192.00 & 1187.50 in extension. Alternative scenario: above 1197.25 look for further upside with 1200.00 & 1202.00 as targets. Fundamental: Yellow Metal continue to be held hostage to the US dollar which can’t seem to get its direction Set. This has a lot to do with emerging markets and of course the global trade issues, and as a result the gaining US dollar continues to weigh upon the Gold markets overall. If that’s going to be the case, I think that the market will probably continue to offer selling opportunities on rallies, and that’s probably how you should play this market. Thanks YoCryptoManic

XAUUSD "Bart" Trading Maintaining XAUUSD Technical Overview: Day Trading Range: $1186 - $1208 Pivot: 1196.75 Key Support: $1194.45 - $1188.88 - $1184.50 Key Resistance: $1198.25 - $1203.88 - $1208.89 Technical Indicators: MACD: MacD is having low selling volume. RSI: RSI is still below 50 level. Moving Avg: SMA100($1197.68) & SMA200 ($1203.13) strong resistance for yellow metal.. Most Likely Scenario: short positions below 1196.75 with targets at 1191.25 & 1189.50 in extension. Alternative scenario: above 1196.75 look for further upside with 1198.75 & 1202.00 as targets. Fundamental: Gold markets of course are very sensitive to the fate of the US dollar, which is getting sold off during trading on Monday as it has been stated by the EU official we may be within two months of the Brexit negotiated deal. If that’s the case, it would be very good for the Euro, and even better for the British pound. In other words, it should lead to more US dollar selling. However, we have the concern over emerging markets, which has kept the dollar elevated. All of this noise is contributing to a very choppy and difficult gold market. Thanks YoCrypotoManic