Dear Traders, Gold had rejected at 2196$ and rejected at that level showcased, price has touched pivot point, since then price has been consolidating between 2150-2172, however, we may see price dropping from our area of entry. There are two targets first one at 2130-2135 and then 2090-2080. Like and comment if you agree with our idea. Good luck and trade safe.§
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) hovers around $2,155 in early Asian trading on Monday. US inflation data suggests a potential delay in interest rate cuts by the Federal Reserve (Fed), causing a downtick in the yellow metal. However, positive developments in Chinese stimulus measures or strong demand from China...
Gold's US market opening has now reached key resistance levels. So we can still continue at 2163-2165sell.tp2153-2146.sl2171. Today is Monday, so it will probably maintain a volatile trend.
XAUUSD follows huge profits last Friday. It closed at around 2154.5. Driven by the weekend's news, the market fell again on Monday and hit a new low, with strong short positions. After the Asian session started on Monday, the XAUUSD market hit the 2157 position, but did not stand firm. Then it plummeted to the 2146 line. After several hours of consolidation at...
Pair : XAUUSD ( Gold / U,S Dollar ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame and Short Time Frame RSI - Divergence Break of Structure Completed " 1234 " Impulsive Waves
This week, dangers tilt towards a much less dovish outcome, with the opportunity of a mean Fed fee hike for 2024 to 4.9% or simply fee cuts for 2024. Such a alternate could require simplest FOMC members (out of 19) to shift their expectancies to better hobby rates. Notably, Fed Chairman Powell said that the FOMC desires to see ongoing low inflation to have the...
There are many factors affecting the market this week. Central banks of various countries will be the focus this week. The Bank of Japan and the Reserve Bank of Australia will announce their interest rate decisions on Tuesday, the Federal Reserve will announce their interest rate decisions on Wednesday, and the Bank of England and the Swiss National Bank will...
When it came to around 2145, it started to rebound. I hope everyone followed my point of view and made money! At present, it has signs of falling back. Pay attention to the support of 2157-2152. If the support is effective, it will rise again. 2164-2172 will still be resistance. If it falls below the support, it will fall to a lower position, and 2145-2134...
Let's explore the latest trends shaping the world of gold amidst market volatility and safe-haven demand. Here's a snapshot of what's happening in the gold market: Gold prices have exhibited resilience in recent sessions, reflecting investors' appetite for safe-haven assets amid ongoing geopolitical tensions and economic uncertainties. Despite fluctuations, gold...
In the realm of precious metals, none shines as brightly nor holds as much allure as gold. With its radiant gleam and enduring beauty, gold has captured the imagination of humanity for millennia, weaving itself into the fabric of our history and culture. From the dawn of civilization, gold has been revered as a symbol of wealth, power, and prestige. Its scarcity...
In recent market movements, gold appears poised for a turnaround after a period of stagnation. Analysts speculate on factors such as geopolitical tensions, inflationary pressures, and currency fluctuations driving this potential reversal. Investors closely monitor these indicators, assessing gold's status as a safe haven asset amidst changing economic landscapes....
Amidst the choppy waters of economic uncertainty, gold continues to stand firm as a beacon of stability and value. Its enduring allure transcends market fluctuations, offering investors a safe haven in times of turbulence. As global tensions rise and fall, gold remains a symbol of resilience, reassuring investors with its intrinsic worth. In the ever-changing...
This week, I'm eyeing shorting opportunities in Gold. After witnessing strong bearish momentum last week, I anticipate further downward movement to breach nearby lows, which are acting as liquidity points. Additionally, I've identified two nearby supply zones from which I expect price reactions. I'll exercise patience as I wait for price to test the lows and...
After repeated shocks, the price of gold began to show a weak situation. The key support level of 2150 has been tested for the third time, while the high points above are constantly pressing downwards. The triangle shock situation is nearing the end! I believe it is not difficult to fall below 2150 within the day, so I think it can be sold directly now! The target...
In a world where currencies fluctuate and economies rise and fall, gold stands steadfast as a timeless symbol of wealth and stability. Renowned for its lustrous beauty and intrinsic value, gold has transcended civilizations, serving as a store of wealth and a medium of exchange for millennia. Amidst the ebb and flow of financial markets, gold remains a beacon of...
Today's short trade was very successful, I hope everyone made money. Now, after a wave of adjustments, the market is temporarily showing signs of rebound. The focus should be on the resistance of 2168-2172 above. If there is no breakthrough here, the trend will still be short-selling. Strong resistance is at 2180-2186. From a trend perspective, the...
Gold, a substance of unparalleled allure, has captivated civilizations throughout the ages with its enigmatic charm and intrinsic value. Revered for its lustrous beauty and rarity, gold transcends mere monetary worth to embody a symbol of enduring wealth and prosperity. In the modern era, amidst a landscape of evolving investment opportunities, gold retains its...
Amidst ongoing economic uncertainty, gold prices have surged, reflecting investor demand for safe-haven assets. Geopolitical tensions and inflation concerns have further bolstered gold's appeal, driving its price to new heights. With central banks maintaining accommodative monetary policies, gold continues to attract investors seeking to hedge against currency...