This time i definitely made an epic fail on GOLD. I was expecting a drop below the short term trendline, but i price went in the opposite direction and price pumped till the resistance level i drawed some days ago. I was studying this move, and actually i think that XAU reached a possible bounce level to resume the upside moves. Price actually is ranging above the...
Purple Box: Bearish (21.6 - 22.1p/o) Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o) Bullish Scenario Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver... Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable... ...
Last Friday, as weak U.S. economic data supported the possibility of the Federal Reserve cutting interest rates, the price of gold rose sharply, once rising to 2,378. Investors are paying attention to Powell's speech this week, as well as CPI data. Gold's rise and fall are basically in place. On the one-hour line, bulls are firmly holding the key watershed of...
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Gold technical analysis Daily resistance is 2320-26, support below is 2300-2293 Four-hour resistance 2320-26, support below 2300-2280 Gold operation advice: Gold once again had a range-bound market trend yesterday. Judging from the current trend, today gold will focus on the upper resistance at 2320-26, and the lower support at 2305-2300. This is also the...
As 2024 unfolds, gold prices are poised for a significant surge due to the economic and geopolitical forces that underline a strong bullish trend in the market. Despite the challenges posed by a strengthening U.S. dollar and hawkish stances from the Federal Reserve, gold has maintained robust performance. This strength is further supported by a marked increase in...
Last week, the yellow steel published modest profits as expectancies that the United States Federal Reserve (Fed) might loosen coverage this 12 months improved following vulnerable monetary data. Experts say that subsequent week is an vital time to determine whether or not gold will attain a brand new document or now no longer while the marketplace gets the April...
Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to continue the retracement and then to reject from trendline + liquidity zone. Fundamental news: Upcoming week on Wednesday (GMT+3) we will see results of monthly and yearly...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
✍️ NOVA hello everyone, Let's comment on gold price next week from 5/13 - 5/17/2024 🔥 World situation: Gold prices increased significantly on Friday, rising over 1% even as US Treasury bond yields stayed high. This followed a University of Michigan survey indicating a drop in Consumer Sentiment to a six-month low, reflecting increasing economic pessimism...
Hey there on 4hTF The Gold will looking for this week scenario can be retest 2340-2330 mid range area and can see then upside continue push 2400 or above so we can now for this week prediction will comes down and then upside rose continue
Here’s a refined analysis of the 4-hour chart using Elliott Wave Theory: The chart exhibits an impulsive bullish movement that began at 1984. The first wave (Wave 1) culminated at 2194. This was followed by a correction to the 0.236 Fibonacci retracement level at 2147, marking the end of Wave 2. The subsequent upward trend formed Wave 3, which concluded at the...
Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: Just three months ago Gold broke out of a very long term ascending triangle formation - similar to the triangle formation which we saw back in 2019. So far Gold is just creating the expected continuation higher and you can definitely close out partials...
Gold is closed above the golden zone . Correction is holding the price. Gold until now did not reach the max wave lvl. Trend line is Up. I expect that Gold will reach 2440. Best Regards
Gold Eyes Renewed Rally as Central Bank Doves Sing, But Can It Break Through? (XAU/USD Forecast) The price of gold (XAU/USD) is poised for a potential return to its upward climb after a brief consolidation period. This renewed bullish sentiment comes on the back of dovish signals from central banks and a key resistance level waiting to be breached. Central...
Trading Setup: There is a Trading Signal to Buy in Gold XAUUSD Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2307.7 ⭕️SL @ 2289.4 🔵TP1 @ 2350.0 🔵TP2 @ 2377.3 🔵TP3 @ 2424.2 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...
The last time i predicted gold to go t o the 2380 level buy setup it was not detaily accurate but the direction was accurate
Hello traders ,what do you think about GOLD? After breaking the 2333 resistance zone, gold grew as expected until the next resistance zone of the 2370 zone. In this zone, it is expected to grow at least up to the specified levels after a correction and pullback to the broken level. If this post was useful to you, do not forget to like and comment.❤️