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...
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 dollar steadied on Friday after losing ground in the previous session on weak jobs data, while sterling edged up following stronger-than-expected growth figures. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading just higher at 105.115. The USD is on track for small gains this week The...
The shift to a bullish trend in gold prices is attributed to a significant breakout from the bearish trend observed in the 4-hour timeframe. This breakout suggests a potential reversal in sentiment, with buyers gaining control and driving prices higher. Traders are likely monitoring key resistance levels for further confirmation of this upward momentum.
Since the opening of this month, the market price has fallen back to test the support around 2282 three times. Each time, there has been a rapid pullback. After falling to 2292 on the previous trading day, it failed to fall further. Instead, it turned back higher, and the rise was obviously faster than the fall. . At the same time, after the market continued to...
Federal Reserve officials have made intensive statements earlier, saying that there is no urgency to cut interest rates. At the same time, Powell's recent speech, although less hawkish than expected, also expressed reduced confidence in interest rate cuts. These factors have put gold under pressure. The U.S. data released last Friday Weak non-agricultural data...
H4 Analysis: Bias/Analysis remains the same as analysis dated 13 May 2024. -> 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. CHoCH is positioned at quite a distance away from current price,...
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...
If every body accompanied closing night, I analyzed in pretty element the Gold Price Range and Ma`s Trend. >With the Current Price Range and Marginal Margin, this Morning anyone is looking to Buy GOLD round Zone 2352>2356 SL 2350 TP 2362>237x >Because the principle fashion of the marketplace is Buy, Gold can nonetheless boom returned to 24xx withinside the close...
This week we expect downtrend on gold look for sell opportunities. Follow us for more forex signals
Hey team, Hope you are Enjoying our ideas and Analysis, Today we are Monitoring XAUUSD for Coming Week Looking for Bullish limit Around 2345-2340, There is a String Support Resistance Level , Gold Broker the Key Horizontal Level around 2352$ which is Support level now And the Price going down to Retest the new Support from we willbe Expecting a Move Back
My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time...
In my Monday commentary, I stated that there is a high likelihood that OANDA:XAUUSD may have finished correcting, and indeed, the price rose to around 2330. After this initial increase, there was a subsequent drop, but bulls regained control just above the 2300 mark. Yesterday's price movement indicates that dips are being bought, suggesting that Gold has...
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...
Gold has been rising slowly today without any correction, but it is not yet certain whether the rise in risk aversion can continue to amplify. Gold will continue to rise, and there must be news to stimulate further support. Gold has now reached the early intensive resistance area, and beware of a pullback under pressure.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Fibonacci Level - 61.80% / 78.60% RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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. CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH...