Gold decreased yesterday, ending the previous streak of 2 consecutive days of increases. The previous day's D1 bar created an upward but weak breakout, and because yesterday's D1 bar closed below the bottom of the previous rising D1 bar, it turned that break into a false break - which could cause Gold's upward momentum at D1. stalled, even pulled back down. The...
Buy 233x TP 235x ---- World gold expenses on May thirteen became down. "The purpose can be that traders left the marketplace earlier than a few chance occasions this week, including Fed Chairman Jerome Powell`s speech, manufacturer charge index (PPI) and patron charge index (CPI) ", commented Phillip Streible - marketplace strategist at Blue Line Futures. Tai...
After gold rebounded and came under pressure at 2350 resistance, it fell directly, and then fell below a new low. Gold broke through and fell, and short-term bulls were weak. The 30-minute moving average of gold has formed a dead cross downward short position. The 30-minute gold has formed a downward trend. It has rebounded weakly along the downward trend line....
The opening trend of gold on Monday is consistent with our analysis over the weekend and will fall. Gold rebounded as high as 2364 at the opening today and stopped continuing to rise. Today we also gave the main idea of suppressing short selling at the 2364 line and rebounding short. The 2340 line below is currently It has been broken through, and the dividing...
Gaza ceasefire talks broke down last Thursday and representatives from both sides left Cairo. Habas said Israel used negotiations as a cover to attack Rafah in order to escalate its war against Gaza. Israel said its troops would be stationed in Rafah regardless of whether an agreement was reached. And operations continue in Rafah and other areas of the Gaza Strip....
U.S. Treasury yields fell sharply after Powell's speech, boosting gold prices. His comments were less hawkish than markets had expected, saying more evidence was needed that inflation was falling before he would consider lowering borrowing costs. Market analysts believe that the rebound in the market due to Powell's comments may be too optimistic. Amid the...
Gold prices opened up room for upside after breaking through the key pressure level of 2333 on Friday, but bulls encountered resistance and fell back at the key pressure level of 2352, and finally managed to hold on to the 2332 mark. As expectations of the Federal Reserve's interest rate cut were once again cooled, and geopolitical risks were reduced, gold...
Non-agricultural data and unemployment rate data are bullish for gold. Gold rushed directly from the 2300 line to the 2320 line, and then began to fall back. There is also short-term support near 2300 below. However, although the data rebounded and then stepped back, the rebound space and data fermentation in the future market cannot be ruled out. We are waiting...
The situation in the Middle East has gradually stabilized, and the market's concerns about the escalation of conflicts have cooled down, weakening the safe-haven buying demand for gold, and also turning investors' attention to the Federal Reserve's monetary policy. The Federal Reserve has previously made intensive statements that cutting interest rates is not...
Gold prices climbed more than $30 on Wednesday as the dollar and U.S. Treasury yields fell after the Federal Reserve's interest rate decision and Chairman Jerome Powell's speech. In addition, due to higher-than-expected inflation in the first three months of this year, this week the Federal Reserve, after keeping interest rates unchanged as scheduled, also...
Although the US ADP employment data on Wednesday was negative for gold, it still fluctuated and rose. After touching the 2308 line, it fell back to the 2299 line, and then rebounded again. From the current trend, in the short term, gold will focus on the 2310-15 line support below and the 2330-35 line suppression above. In terms of operation, we will temporarily...
The intraday trend of gold is not strong, and overall it still remains within the ascending channel. The current channel low support is at the 2325 line and is still rising. At the same time, the moving average continues to maintain the golden cross trend, and then gold falls back. Near the support below, continue to be bullish on the 2329 line in the evening!...
Gold started to retreat after reaching a high of 2326 yesterday, and did not extend the retreat on Friday night, thus forming a volatile downward trend. From the monthly level: the monthly line has given a long upper shadow line of 100+ US dollars last month. This K-line shape is effective for short sellers. The monthly K line can continue to be short on gold; the...
The technical icon indicates that there is MA support below, buy around 2332-2336, and the small target can be set at 2343-2348.
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...
In this week's XAUUD analysis video, we delve into the recent surge in Gold prices amidst economic uncertainties in the United States. The previous week witnessed a notable uptick in Gold prices amidst the struggle of the US treasury to gain traction. Additionally, the University of Michigan survey revealed a pessimistic sentiment among Americans, with Consumer...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " A " Corrective Wave Fibonacci Level - 61.80%
XAU-USD was trading below The falling resistance But now we are seeing A bullish breakout so I am now locally bullish Bias and I think that we Will see a further move up !