TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello Everyone, Wishing everyone Happy Holidays! Consider this analysis my gift to the trading community, and let's maintain this positive momentum to close out the year on a strong note. However, it's crucial to exercise caution, given the expected high volatility in the remaining days of 2023. I will consistently provide updates on noteworthy shifts in...

TradeWithTheTrend3344 Updated 

Hello Everyone, The current inquiry revolves around whether there will be a continued decline or an immediate upturn. Rather than attempting to forecast short-term shifts, it is advisable to focus on pivotal points (PP) and respond accordingly. The 1-hour PP at 2019.08 is a crucial level where the trajectory of prices may alter. The initial PP to undergo...

TradeWithTheTrend3344 Updated 

Hello Everyone, On Friday, just before the market closed, we witnessed a daily and weekly low at 1994.71, with our monthly low recorded at 1931.775. The key for XAU/USD is to sustain a stable position above 2006.693, signaling potential upside. Conversely, a comfortable descent below this level could indicate further downside. Currently, gold appears to be a...

TradeWithTheTrend3344 Updated 

Hello everyone, Currently, we find ourselves near the yearly resistance point at 2074.456. If we successfully break above and maintain a confident stance beyond this level, it could pave the way for further upside. As we navigate this new range, characterized by a scarcity of available data, it's a good time to discuss the broader topic of trends and their...

TradeWithTheTrend3344 Updated 

Hello Everyone, This week, a more cautious strategy is required. We've revised our analysis, indicating that the sole circumstance under which we'd consider a confident long position in the coming days is if the criteria above 2003 are met. Conversely, we'll exercise patience to enter the market at a discounted price, waiting for a clear bottoming-out signal....

TradeWithTheTrend3344 Updated 

Hi Everyone, In light of current market conditions, we have adjusted the support levels accordingly. Notably, with tomorrow being a bank holiday, it's advisable to anticipate potentially radical price movements in response to the reduced trading activity. Please be prepared for increased volatility and consider adjusting your strategies accordingly. If you have...

TradeWithTheTrend3344 Updated 

Hi Everyone, Lets closely monitor the market dynamics, particularly the crucial support levels. If the price successfully breaks the last support barrier at 1963.902, attention should shift to the next weekly support around 1933.423. On the flip side, a promising scenario emerges if the price crosses and securely holds above 2002.059, potentially unlocking upward...

TradeWithTheTrend3344 Updated 

Hello Everyone, The trajectory of gold prices (XAU/USD) is poised for a second consecutive week of decline, primarily influenced by the recent statements and guidance from Federal Reserve Chairman Jerome Powell. Powell's expressed support for a more restrictive monetary policy has cast a shadow on the precious metal's performance. He remains unconvinced that the...

TradeWithTheTrend3344 Updated 

Hello Everyone, Anticipating a bullish scenario, when the price successfully breaches and locks above 1952.407, several factors come into play: 1. Breakout Signal: Crossing this resistance level signals a potential breakout, indicating that buying pressure has overcome prior obstacles. 2. Momentum and Confidence: It boosts investor confidence, attracting more...

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market has found itself in a protracted consolidation phase, a pattern reminiscent of historical market behavior. Within this context, a significant milestone to watch for is the sustained trading above the critical level of 2005.331. This level represents a crucial pivot point, and once gold convincingly breaches and establishes itself...

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market, is currently immersed in a delicate dance between key support levels. At the forefront of this intricate choreography lies a crucial juncture, where daily support, represented by the steadfast S4 (1D) 1972.847 level, intersects with the resilient weekly support at S1(1W) 1973.298. This point of convergence serves as the fulcrum...

TradeWithTheTrend3344

Hello Everyone, It appears that there is a strong support level at 1988.459. It is possible that we could see a retest of this price level before any significant upward movement begins. Initially, it is important to monitor for a period of consolidation above the 2000 level. Once this consolidation phase is established, the next potential signal to watch for is a...

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market, is currently experiencing intriguing price dynamics, which are indicative of potential movements and significant events. A closer examination reveals that should gold prices surge past and sustain a position above the crucial threshold of 1980.786, this sets the stage for a promising ascent. Such an upward trajectory could lead to...

TradeWithTheTrend3344 Updated 

Hello Everyone, The price has dropped below 1918, and we are currently considering a swing trade with a long position. If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable. TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market is currently exhibiting a highly promising and sustainable trend, with all key indicators and analysis pointing towards a favorable outlook. This bullish sentiment is not limited to a specific timeframe; it is consistently validated across various timeframes, ranging from short-term (1-hour) to longer-term (1-year) charts. In more...

TradeWithTheTrend3344 Updated 

Gold has seen a strong rally, reaching 1932.98. There is a likelihood that it will retest the 1930 level before dropping to around 1889, given the ongoing developments. If you have a moment, I'd really appreciate your boost for my analysis. TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello Everyone, Presently, there are supports gathering closely on the graph, clearly visible. Additionally, we've established an initial support line based on the monthly timeframe. The most plausible scenario indicates a rebound from 1858.652 and a continuation of the upward trend. However, for reference, we have included additional support levels. Best of...

TradeWithTheTrend3344 Updated 

Hey everyone, At present, the market is demonstrating robust support around the 1809.16 level while simultaneously testing the resistance barrier at 1830. A definitive breakthrough and sustained trading above 1830 are crucial for confirming an upward trend. Although the optimism generated by the recent NFP report, which had adverse implications for the dollar,...