Gold's price hike hits a new record, fueled by significant buying interest and geopolitical tensions, as attention shifts to the upcoming Federal Reserve (Fed) policy meeting minutes and US inflation data. On April 9th, spot gold slightly rose by 0.1% to $2,341.85/oz, reaching a peak of $2,365.09/oz, while futures gold increased by 0.4% to...
My dear friends, GOLD looks like it will make a good move, and here are the details: The market is trading on 2354.9 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2331.2 About Used Indicators: Pivot points are a...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GOLD chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
Gold on CPI, selling off in line with the bearish data outcome, managing risk and adding to the position to breakeven while below key daily and weekly levels.
USOUSD price is in the support zone 84.90-95.45. If the price cannot break through the 84.90 level, it is expected that in the short term there is a chance that the price will rebound.
The gold is a strong bullish trend of wave C, the first target 2340 is reach, but never found the reverse patterns or signals so far, and we've hold this position over 57 days, gain 3500 pips The next target will be 2550!
Monthly is winding up for a big drop or huge jump. Monthly: Weekly: Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards. My gut says inflation will send it upward in the near future.
Hello,Friends! We are now examining the SILVER pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 25.756 level. ✅LIKE AND COMMENT MY IDEAS✅
By checking the gold chart in the weekly time frame, we see that the price is trading in the range of $2348, today we will have the CPI statistics, and if the actual rate is announced higher than the predicted rate, we can expect a fall in gold. I still don't see any signs of price reversal on the chart and I think we should wait for more powerful movements to...
The current gold K-line is too strong, and you can continue to go long after it falls back. At present, all the K lines are big positive lines. Even if they fall back, the big positive lines directly engulf the rise, and there is almost no closing negative line. This trend is a super buying trend. The daily line has been rising for almost a month. This trend is...
Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday...
Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday...
Hi all. Timeframe 1 day. ASRUSDT has formed a triangle, looking for a long break/retest. Goals on the chart.
Hello dear friends! Overall, the gold price quickly bought back the drop of $2,345/ounce during the early Asian session, it is now trading as high as $2,352.5/ounce and steady above this global resistance level. This price increase is due to the need to seek safe havens amid conflict concerns and ahead of the release of the Fed's policy minutes and US inflation...
Hello dear traders! Market overview: Gold prices (XAU/USD) are stuck in a tight range below all-time highs of $2,365 during Wednesday's European session. Investors refrain from building new positions as they await US Consumer Price Index (CPI) data for March, due out at 12:30 GMT. Economists see inflation remaining persistent due to higher oil prices, rents,...
Here is our detailed technical review for USOIL. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 86.44. Considering the today's price action, probabilities will be high to see a movement to 84.27. P.S The term oversold refers to a condition where an asset...
BOX Formation has formed on Renergen. Also there is a rounding bottom. The price has broken above the neckline of the Rounding Bottom but not the box form yet. Once it does, we should get an easy indication that the market wants to head up. The nature of the analysis is Medium probability due to Price>20MA Price<200MA Target 1 will be to R21.82
Dear Traders, Hope you are doing great, US OIL has been extremely bullish since our last three entries and there is huge chance that we can get fourth entry on the point. There is gap spotted and in our view price can fill the area and bounce straight up from that region. Please use accurate risk management and take entry accordingly. Please like and comment for more.