Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Yesterday and today I have been emphasizing that gold will point its sword at the 2395-2390 area, and 2390 is coming. Unexpectedly, gold fell more than expected, touching around 2382. We shorted gold today near the 2418 and 2413 positions, hitting TP: 2407 and 2401 respectively. The profit in these two transactions was more than $11K, which is a pretty good...
After falling below the support, it fell rapidly. It has now reached the support platform and the rebound resistance is near 2400. The probability of a direct rise is unlikely, so we continue to focus on shorting after the rebound. The lower support first focuses on the vicinity of 2378.
KEY POINTS: Analyst says gold to drift back to $2,355 if dollar keeps upward momentum Fed minutes reflected discussion of possiblefurtherhikes Price rise likely to temper discretionary gold buying - ANZ Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to...
Gold fell back to around 2405 as expected. Our short gold position today near 2418 ended up hitting TP again. It was a very good trading experience. In fact, as long as you follow me, you will easily find that I have recently reminded you to focus on shorting gold.In particular, the previous article reminded: short gold, and aiming at 2395-2390. Judging from...
Gold's 30-minute moving average crosses downwards, and the 1-hour moving average also begins to turn. Gold still has room to go down after falling below the support of the 2400 integer mark. As long as it rebounds to around 2400 in the U.S. market, it can continue to sell.
The Federal Reserve's monetary policy is hawkish, and some officials even stated that they can continue to raise interest rates if inflation rises, causing a large-scale withdrawal of market interest rate cut expectations. Gold has plummeted all the way, and the current lowest has reached around 2355.Although gold has rebounded in the short term, the overall...
The lower in gold charges specifically triggered the USD to growth once more and the final strain become more than the energy of call for for gold. Selling hobby improved after the treasured steel did not regain the brink of 2,430 USD/ounce. Pressure to promote speedy World gold rate beneath 2,four hundred USD/ounce. The USD become supported after many US Federal...
Gold continues to fall. It has dropped nearly 60$ from 2410 to now. The current main support is around 2352. The trading is long first and then short. On the rebound, focus on the resistance near 2378. There is data today, please pay attention to risk control when trading during U.S. market time. Friends who want to follow my trading data, please contact me in advance.
Gold had a strong decline yesterday, creating bar D1 with a wide range and closing close to the bottom, showing strong selling pressure during the day. This down day officially closed below bar D1, creating a bearish pinbar that formed a false break above, thus confirming this false break. This is a technical factor that can cause Gold D1 to slow down and keep...
possible sell around these levels before making new highs. looking for sell setups. for both gold & silver. invalidation price : daily close above 2450$ / oz. good luck.
Gold has plummeted after falling below the 2400 support. The current drop is almost 100 US dollars. Gold is now covered by dark clouds at high levels. The short trend will continue, and gold rebound can continue to sell. Gold's 1-hour moving average began to cross downwards, falling like a waterfall. The bulls were helpless and basically had no rebound power, and...
Today we have made very good profits in both long and short gold transactions. First of all, we went long gold near the 2412 position today. Gold successfully hit TP: 2423 during the short-term rebound;When gold hit resistance near the 2434 position, we then shorted gold near the 2432 position and once again successfully hit TP: 2420. In today's transaction, I...
Gold fluctuated downward for 30 minutes, and the rebound high points of gold successively decreased, and the rebound was not strong. The 30-minute moving average of gold began to turn, and there were signs of forming a dead cross. If the 30-minute moving average of gold formed a dead cross downward, then there would be room for gold to adjust downward. will...
Gold decreased yesterday, but with the structure of bar D1 decreasing with a narrow amplitude, lower shadow and closing above half of the amplitude, buying power is still shown from below. Considering that the price is located around the old peak, that is, the resistance zone, the price behavior is happening like that, showing that the buying force is maintained....
Daily chart: Already reminded before: 2340+2290 Already reminded: Only by maintaining a short-term anti-Dan state can there be a chance of rising Only if you keep rising will you have a chance to rise It has stood above 2340 and started to rise slightly in the short term. Stay above 2350--65, strengthen in the short term Staying above 2385, it has risen...
On Tuesday (May 21) in the European session, gold rose by about $15 in the short term and is currently trading at 2414-2422. Gold hit a record high of $2450 on Monday due to the news of the death of the Iranian president, which also triggered a discussion on whether gold has the hope of hitting the $2500 mark in the short term. However, as the US session...