Gold hit record high recently due to fed involvement, however it dropped sharply. The price behaviour has shown some strange movement, making in hard to spot the clear movement. In our bias, there are two areas that we are interested in first one we will be respecting the current pattern that price has been forming. However, this can be riskier, therefore, we have...
Gold completed its top pattern near 2222, Pay attention to the first support position below 2200, Pay attention to the second support position below 2150, The final target focuses on the third place value of 2050.
Remember this? Welcome to all new highs New break down pending congrats 👏
Hope best trades for for you guys , if you entered short sell me target are 2160 2150 2141 next leg down the slopes
End of day update from us here at KOG: In this mornings review we suggested price will want to test the highs again as long as the 2170-75 level holds up, giving the targets levels 2000 and above that 2004. As you can see the move has started but is looking a little exhausted approaching the end of the month. For that reason, we will continue with the move...
As we can see price is breaking the previous daily high and soon we can expect more rise here to the major resistance mentioned on the chart and then heavy dump is expected from that resistance zone like the red arrows on chart. DISCLAIMER: ((trade based on your own decision)) <
What I expect from gold. You can follow this ..............
Hey Everyone, Another fantastic day on the charts for us with our 4H chart also hitting all our targets. Earlier this week we got our bullish target 2180 hit followed with our ema5 cross and lock above 2180 opening 2196 and 2223. We got the 2196 twice giving us plenty of opportunities to buy dips for the targets and now heading towards the final target at...
Crudeoil above 6900 may see near 7000 Above 7000 it may see 7200 Overall trend is upside on 1 hour time frame This chart is only for educational purpose
Gold has huge uptrend today and we long it after some correction to the major trend We made almost 120 pips from our goldem area
3.28.24 It is video I show you how I set up the gold chart Any oil chart. I think both markets are going higher even though there would be better entry levels and I show you where they are so that you could have gotten in at a better price with a high probability that the market would go your direction if you take in the trade at an easy to determine trade...
In this live trading session video,we look at current live, open and closed positions on BRENT and GBPUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
Why did Gold spike up? Gold reached a historic peak on Wednesday, March 20, 2024, following remarks by Federal Reserve Chairman Jerome Powell regarding the possibility of three interest rate cuts throughout the year. However, it's important to note that the exact timing and extent of the rate adjustment remain uncertain, pending further evaluation of incoming...
XAU maintained its upward momentum and recorded its highest price ever Today, gold had a strong increase in price to above $2,220 thanks to the weakening of the USD/USD. If PCE inflation continues to rise, the Fed may have to adjust its interest rate reduction schedule in 2024. This will lead to a sharp increase in US government bond yields and the USD....
Going over the price action Morning Session. we are breaking higher out of our flag but not many A+ trade setups. lowering Risk and considering calling it a day early.
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Inflation numbers tomorrow, MFI will go overbought Monday regardless of which way it gaps. Staying cash for now, since I missed the big pump yesterday afternoon.