Data released on Wednesday (May 15) showed that the U.S. core CPI monthly rate cooled for the first time in six months, indicating that price pressures are gradually weakening and supporting the Federal Reserve's intention to maintain higher interest rates for a longer period of time. After the data was released, spot gold surged by about $17 in the short term,...
BANKNIFTY closed inside va 1. gapup 47950 long till 48100 2. gapdown 47750 short
Gold is currently testing a resistance cluster, based on a solid trend line and a horizontal resistance on a daily. Bullish breakout of the underlined area will give us a strong bullish confirmation. A daily candle close above that will confirm a violation. A bullish continuation will be anticipated to 2400 level then. ❤️Please, support my work with like,...
NIFTY closed inside va 1. gapup 22370 long till 22500 2. 22370-22200 trade reversal 3. gapdown 22160 shortt
I think the XAUUSD can down to LL again and It will down with good job information
And now we're overbought on RSI and MFI. Dumped everything before I wrote this post. Made $4k on this stupid pump by going long yesterday, might take some of that and play for the dip tomorrow, but did well for a quick one day trade so might call it a week and go back to working on projects at home.
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....
For My Advice now is , can do scalping if in the zone of 2361-2372 (20-30 pips close) Because the news the whole chart and market need time to reset back the technical moving! which is the moving is bullish , but now because of the cpi become not clear and changing to bearish ! so dont overtrade , save your capital when the market stable and trade! if want to...
On Wednesday, the price of gold (XAU/USD) saw an upward trajectory following the release of notable economic data. Specifically, the US Consumer Price Index (CPI) and Retail Sales data for April came in lower than economists' expectations. This unexpected downturn in economic indicators has led to speculation that the Federal Reserve (Fed) may take measures to cut...
The US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US...
Technical Momentum Weakens Crude Oil futures are declining in 2024 after correcting down to the 200-day moving average at $77.94. The technical perspective shows momentum studies declining into oversold territories, with the 9-day moving average trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average...
Gold will be buying to the high, with the news release i also anticipate for NY session to push
Gold will be buying to the high, with the news release i also anticipate for NY session to push
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 2359, pullback support close to 61.8% Fibo retracement Our take profit will be at 2346, a pullback support The stop loss will be placed at 2378, which is a swing-high resistance.
Technical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the...