Greetings dear trading community, let's explore today's gold price movements! Gold continues to elevate its stance this Thursday, marking a significant rise from yesterday's price of 2175 USD to currently hover around 2190 USD. This upward trajectory is heightened by investors' anticipation of the upcoming U.S. inflation data. The focus is squarely on the U.S....
In Thursday's Asian trading session, gold dipped back below the $2,200 mark, struggling to break through despite a two-day recovery effort. A sparse U.S. economic calendar on Wednesday had investors leaning towards gold amidst growing speculation of a Fed rate cut in June. All eyes are on upcoming mid-tier U.S. data. Fed's hawkish remarks at the New York Economic...
Greetings, fellow traders! Have you been selling or buying gold today? From my market analysis: The confluence of diverging forces has failed to impart any significant momentum to gold prices, leading to constrained price action. Hawkish comments from the Fed Governor on Wednesday tempered expectations for rate cuts, solidifying the U.S. Dollar's (USD) stance...
Hello,Friends! The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2113.739. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2172 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2172 support and resistance area. Trade safe, Joe.
In today’s trading session, gold slightly retreated after a strong surge that broke through the $2200 USD/ounce ceiling, a rally further fueled following remarks by Federal Reserve Chairman Jerome Powell indicating the central bank's plan to implement three rate cuts in 2024. However, as of now, gold has adjusted by decreasing 0.3% to $2175 USD/ounce after...
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2171 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2171 support and resistance area. Trade safe, Joe.
This is how we roll, selling this ponzi. EurUsd is set for a drop today, expect price to drop to 1.08500 level stops above 1.08630. Use proper risk management, cheers.
Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2025.53. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1991.60 level....
After the pullback from previous lows, price has come to a significant level of supply. I am shorting form here 0.6565 targeting lows of 0.6464, Use proper risk management
Hello,Friends! The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1998.299. ✅LIKE AND COMMENT MY IDEAS✅
In today's trading session, our focus is on XAUUSD as we identify a potential selling opportunity around the 2034 zone. Gold, amidst a downtrend, currently navigates a correction phase, nearing the 2034 support and resistance area. Adding a fundamental layer to this analysis, the recent warning from the Fed serves as a crucial factor influencing market sentiment....
Gold made a big false break yesterday before New york open, it was a classic bull trap. With todays FOMC I expect price to drop to 2009 and ultimatly 2003. Use proper risk management. The day is expected to close Bearish. #REDDAYCLOSE
Selling EURUSD again in NY session. We have seen the big push down through out today, targeting the 4Hr OB around 1.07850 I think EU will continue to fall, we also have PMI tomorrow which might push price even further
Hello,Friends! The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2018.463. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1830 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1830 support and resistance area. Trade safe, Joe.
Hey Traders. In the coming week we are monitoring XAUUSD for a selling opportunity around 1920 zone, Gold is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1920 support i will be watching a potential retrace kf the trend towards more lows. Trade safe, Joe.