XAUUSD price is in the support zone. If the price cannot break through the 2296 level, it is expected that in the short term there is a chance that the price will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
I see bounces from the same resistance line - But no large breakthroughs. To me, a strong sign of support at the fibonacci line of ~1684.32. The next strong resistances I expect are around ~1834.88 and ~2078.25 respectively (~1834.88 would be a decent ~8.9% profit margin to sell if I wanted to play it safe.). We could be in for a new ATH pump if we see a...
Price creeping closer to our 'selling confirmation' zone. This will be a safe entry for those who want a more definite reason to go short on Gold. Strict risk management required.
Gold dropped quite a bit overnight (Asian Session), now putting our sell position into 1,120 PIPS profit. Let's see if the strong sell off momentum can carry on throughout today.
Gold prices could plummet if the Federal Reserve fails to enact anticipated rate cuts, particularly amidst widespread expectations for such actions. Here's why: Market Expectations: Investors often base their decisions on expectations, including anticipated actions by central banks like the Federal Reserve. If there's a widespread belief that the Fed will cut...
The recent price action on the GOLD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Daily Bearish Stay Bearish bias until 1hr -OB is closed above with a displacement candle @ 83.25 In this chart I am illustrating why IMO, this is a High resistance Liquidity run and not LRLR. The Price in the circle is Balanced, so for price to cut through this with ease is difficult all be it we have a signature LRLR bellow. So if a bearish setup appears don't...
Traders, Here's a breakdown of the current situation: Daily Chart: Despite a bullish channel, recent candles show signs of weakness, warranting caution. 4-Hour Chart: The trendline has been breached, and a reversal to this broken level is underway, indicating a potential shift in momentum. Intraday: A pivotal point coincides with previous significant zones,...
We expand on our April 15 idea (see chart below) on Gold (XAUUSD), where we discussed the 'necessity' for a medium-term technical pull-back based on its 5-year Cycles: As you can see that correction happened and the new Bearish Leg of the long-term Bullish Megaphone is well underway. The price got rejected both yesterday and on Friday on the 4H MA50 (blue...
Hi Traders ! The Gold Price Failed To Create a New Higher High ! Currently, The Support Line is Broken ! So, Let's Expect The Bearish Scenario: If The Price Breaks and Closes Below The Support Level (2318.740 - 2333.375), We Will See a Bearish Move 📉 TARGET: 2260.000🎯
Recently, the market has been discussing the impact of the geopolitical situation and US economic data. In terms of the geopolitical situation, Israel continued its air strikes on the Gaza Strip on Monday, causing many injuries. However, at the same time, the two sides have begun to enter the negotiation stage. Hamas leaders arrived in Cairo to hold a new round...
Gold is ready to drop lower and test the 2300 level, I expect price to rise alittle hihger to the order block on 2340, this will give me a sell entry, stops are above the 2347 level. Use proper risk management.
Hello Traders , Upon examining the gold chart in the 1-hour timeframe, we can see that after the price entered the targeted supply zone ($2352), it faced selling pressure and corrected with a drop of 230 pips down to $2328. Now, gold has closed at $2338, and I expect further correction with the market opening, although it’s possible that the price may re-enter the...
Gold is beginning to trend downward as the dollar shows a slight uptick in strength at the outset of the EUR/LON session. While the dollar index remains within the range of 105 to 106, a breakthrough above 106.100 or 106.200 could signal further gains for the USD in the upcoming wave. However, it's worth noting that we've been witnessing high timeframe...
Silver (XAG/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 26.54 which is a pullback support that lies above the 61.8% Fibonacci retracement level. Stop loss is at 26.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at...
We have an entry on the top already and holding serveral days. Now we may have another opportunity to have another entry at the sub-wave 4 for short tern Let's observe it.
Hello,Traders! GOLD is trading in a local Downtrend and the price Has formed a bearish Flag pattern and we are Already seeing a bearish Breakout so we are Bearish biased and we Will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
FX:XAUUSD is in consolidation after the beginning of correction on the background of profit-taking and also strong sell-offs. Technically, the price does not show hints to leave the descending channel in one direction or another, but there are preconditions that indicate that the gold may strengthen to the resistance of the correction channel before further...