Hello traders and investors
As shown here on my chart gold if breaks its higher level (2090) it will reach TP1 around 2200 and TP2 2550. so 2090 it is the key of all blowups
Remember traders that i am not having a cristal ball predicting markets moves but i try to be more efficient and rational
Good luck
⚡️This notion weighed on the dollar and Treasury yields, allowing the yellow metal to appreciate on the prospect of fewer increases in its opportunity cost.
⚡️A softer dollar also helped spur gains in copper, with the red metal benefiting from increased optimism over more stimulus measures in major importer China, as well as signs of some recovery in Chinese...
⚡️Gold prices fell this week as the yield on the 3-month US Treasury note jumped to 5.29%, its highest level in 15 years and well above its long-term average of 4.5%. ,18%. This shows that investors are expecting that the FED may not stop raising interest rates, or will maintain interest rates at a high level of 5.25-5.5% for a long time to come.
⚡️Meanwhile,...
After reaching the TP 1987 on July 20, gold continued to decline until today, gold has traded below the price range of 1900. shows that the attractiveness of gold to investors has almost disappeared.
If the Fed does not intervene soon, gold futures may fall to 188x,but the source said that Unless the economy cracks, the Fed will certainly not cut rates this...
Although gold has found some minor support, with the dollar's momentum, gold has not yet broken out of its decline, The Dollar Index needs to break below 103 and 102.60, followed by 101.60, for a resumption of gold’s uptrend.
positioning is largely in favor of the dollar and has made investors wary of the metals market. Gold was also pressured by a spike in U.S....
The yellow metal is also set for little relief this year, with U.S. rates set to remain at 22-year highs for at least the remainder of 2023.
USD recovers causing gold to plunge around resistance 1900, we can set up buy order here , and my target is the price zone 1920 - 1925.
What is your opinion? can let me know in the comment section, thanks.
* Let's win the...
Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates.
Data from last week showed that U.S. inflation edged higher in July after declining steadily this year, pushing up concerns that the Federal Reserve will be forced into...
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Wednesday, May 10, 2023
Free Signal
The bulls have not yet won, but a rise above 1728 is likely to unleash new forces and trigger gains to 1740 and 1755.
As we can see on the chart gold failed to break above the 1728 price level in last week, so this is the major concern for bulls, to come back gold need to breakout this major resistance level. Let's See What Happens Next Week
Gold H4
Yet again struggling on gold to break above this 1787 price, key sticking resistance region which ties in with our monthly key level.
Some very evident S/R which doesn't want to break, really need to be patient and wait for the break and retest, as this is effectively our protection/confirmation.
Additionally, the more we reject, the more cautious we...
