Considering that this commodity has a strong resistance zone (2400 - 2420) and it has failed to break it, it means that the bears are dominant. I am anticipating that the price will continue to form the falling flag pattern so that the bulls may finally gain momentum and break the resistance. Target Profit - 2280, Stop Loss - 2390, Trade Entry - 2375 Risk-Reward...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did. As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there...
XAUUAD - Long view Trade Reason : 1)4hr uptrend and Correction Completed 0.618 Level 2)Trend Reversal in 30 Min 3)Head and Shoulder Pattern Neckline breakout Confirm Entry - 2346 Target - 2359.775 Stoploss - 2336 Thank You ...
Gold technical analysis Daily resistance is 2400, support below is 2373-35 Four-hour resistance is 2400, support below is 2384-73 Gold operation advice: Yesterday, gold relied on the 2350 mark to continue the strong bullish fluctuations and rose, and finally broke through and surged. After the opening of the Asian and European markets, the bulls fluctuated...
#XAUUSD 2024.5.17 Did you have a profit yesterday on the buy order at 74/73 as planned? It's great to have a profit of 50-100 pips, right ^^ Today, the opening price of gold is below Pivot and POC so the direction is BEARISH. We will consider selling and target untested virgin POC at 2358-2352 (enter orders when there is a reversal candle at the key...
Here on Gold price has be going down and able to break the trendline and retest and the same zone so it like to rise more as the trendline has broken . So is expected to go for LONG and expected profits should be a psychological level of 2385.000 (TP1) and another psychological level of 2390.000 (TP2).
Trade base on your own understanding, this idea base on monthly opening price at 2286.7 The idea must be clear that previous low before it rise up again. atleast 2265-2255 Once the previous low clear , we wait for price to form a shift of structure. But if youre an agressive trader welcome to trade it in. Im waiting the price to comeback to 2286.7 for my...
The US April CPI posted on May 15 confirmed an growth of 0.3% final month and an growth of 3.4% over the identical duration final year. The US CPI growth in April changed into decrease than the forecast of monetary professionals collaborating in a Reuters ballot earlier, pronouncing that the CPI extended via way of means of 0.4%. Mr. Jim Wyckoff, senior analyst...
as elliott wave analysis we ended the bullish wave 3 and now we are in a corrective move which is the wave 4 wave 4 is the retracement of wave 2 and wave 3 at 0.236 but however it can retrace at 0.382 or 0.5 fibonacci. wave 5 will be the extension of wave 1 and wave 4.
Here on Gold the price has been going down forming a down trend so we are waiting for breakout and after breakout there is likely the price will move but to maintain previous resistencance or move more than expect . So going for LONG is need but that should be after breakout of the trendline
Geopolitics is once again dominating the news. Gold is strengthening again, viewed in conjunction with the golden ratio. The buys that can maintain this position are the main ones. Buy gold price near 2320. Target position short-term 2346 first line In the past, you always failed when trading alone. But everything will change after you follow me. Because we...
Gold price analysis: Current short-term trend: Up. News: Good news for gold Technical Indicators: MA shows bullish trend Short term pattern: triangle consolidation Breakthrough direction: Up Support: 2366-2262 Pressure: 2397-2404 In the short term, low buying is still the main trend! The above gold prices are based on the real-time prices on...
Gold prices are about to cause a sharp correction. Be prepared to sell high Gold's rise. I'm actually not surprised. Friends who follow me know that I have been bullish on gold since last week, as mentioned in my previous views. Gold is like a very strong bull There are several reasons: First, to put it simply, it is the rising risk aversion sentiment in the...
From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large. The U.S. dollar also surged higher but fell back, providing good support for gold prices. A substantial support has been formed at the hourly level, and the four-hour...
Gold prices in Asia were flat. No news about assists yet The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce. Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should...
The target is at 2186-2183. Step back on the support below to confirm. Bulls are currently strong. The support below is still in effect. sl is set at the position of 2169-2167
Hey Everyone, Please see our updated 1H chart we have been tracking since Sunday with only the retracement range Goldturn updated with current data. Our chart idea has played out perfectly inline with our plans to buy dips with the move up from the retracement range all the way into hitting all our Bullish targets we highlighted on Sunday. 2408 is our final...
Yesterday, gold rose sharply due to CPI. Today, various indicators have begun to show a short trend. Continue to sell, tp 2381/2377/2369