GOLD Displays Resilience Despite Strong US Jobs Report – Bullish Momentum Ahead Gold faced a substantial sell-off following the release of the United States Nonfarm Payrolls (NFP) report for December, surprising market participants with stronger-than-expected job gains. Despite the initial bearish trend triggered by robust employment figures, our analysis...
Silver is on support. Long silver for mid line target. Trade safe. Good luck.
XAU falls massively as we drop to the 2020's. A decent setup and trade for us all Let's see the next, re-entry in a bit 👏 Follow for more helpful analysis 👍...
Investors are awaiting key data releases like the upcoming U.S. Non-Farm Payrolls report scheduled for Friday, which could influence both gold and the dollar. NFP Report Key for Direction: The upcoming US NFP report on Friday is the main event for gold traders this week. A strong jobs report could boost the dollar and weigh on gold, while a weak reading could...
So finally I am seeing what i wanted to see on the 4 hour. Nice pullback and we have an imbalance for price to fill and turn from. I like the target 2015, would be nice if we see it this week but there is still a chance we see it early next week. I am watching the 15 minute structure for entries.
FOREXCOM:XAUUSD is consolidating under a strong resistance level. Yesterday the gold market received negative fundamental data, in all likelihood, which will also affect NFP ( TVC:DXY ) On the high timeframe we see the formation of a resistance zone formed by several highs and levels. At the moment the focus is on the 2050 level. After a false breakdown and...
Hello dear friends ! Gold price today is trading around 2040 USD and has not changed much compared to yesterday. Up to now, the main trend of gold is still down with sideways in the short and medium term with resistance level 2050 USD and support level 2030 USD. At the end of the day when non-farm payrolls are announced, gold is likely to fluctuate more quickly...
Just a quick snapshot of a SMALL piece of the previous analysis I did with one addition (yellow tag) Looking at gold as of present I'd be honest I cannot see why anyone would feel safe to buy at this time HOWEVER - I also cannot build a strong enough case for a SELL TRADE either as the momentum isn't that bearish to say that you can quickly enter and make some...
GOLD is forming a bearish market sentiment after the false breakdown of 2047. Apparently, the market is forming a negative fundamental background and is preparing to make new lows. Technically, the bears continue to pressure the gold price and form a strong consolidation below the strong resistance Prerequisites for further decline: 1) NFP may have a negative...
Gold is testing resistance before the publication of strong news in the US market. Most likely, based on the analysis of the fundamental outlook, the dollar may get bullish volume and start local strengthening. Gold in this case may lose its positions and after a false breakdown of 2050 or 2058 head downwards, accompanying the current trend direction...
As you can see, by checking the Bitcoin chart in the 2-hour time frame, we can see that the price went up to $44,700 from the exact range that I specified and sent you the analysis. Now the price is trading in the range of $43,900, and first I expect a slight correction, and then we will probably be accompanied by the further growth of Bitcoin, monitor the range...
Oil prices rose in Asia on Thursday, with WTI oil prices hovering around 73.6. Disruptions in Libya's top oil fields heightened concerns that rising tensions in the Middle East could disrupt global oil supplies, and international crude oil prices climbed about 3%. The two crude oil benchmark prices closed higher for the first time in five days, with WTI crude oil...
Just like I published earlier, the sell momentum has kick-started and the fall is massive and would even drop more Let's hold the entry and see it fall to the 2020's as we make more profits off the forex market Follow for more helpful analysis 👍....
Natural Gas has been so far following the sell strategy we shared with you a month ago (December 04, see chart below), having already hit one Target (2.425): Yesterday the price hit the 1D MA50 (blue trend-line) and managed to close the 1D candle below it, which stands out as the most efficient sell opportunity since the October 27 2023 High. Technically we...
The current point for gold is the support zone of 2030 to 2035, which is very important in the daily time, so if it reaches and we see confirmations for buying transactions, we can enter. This point is very important that if this area is broken, it can cause more selling pressure and a fall to the price of 2012. If this happens, we can have positions to enter...
Gold price posts modest gains, lacks bullish conviction as traders keenly await US NFP 5 January 2024 •Gold price attracts some haven flows on Friday amid geopolitical risks and China’s economic woes. •Reduced bets for more aggressive policy easing by the Fed cap any further gains for the XAU/USD. •Traders also seem reluctant to place aggressive bets ahead...
Gold prices begin to fall, Spot gold fell from a high of $2,088 in late December amid a stronger U.S. dollar that took it to Wednesday's low of $2,031, from where it was struggling regain recently lost ground. The mid-December high of $2,048 is currently being tested, a move above this level would target the December 21 high, Friday and Tuesday lows at $2,055 to...
In mid-December 2023, we witnessed major shipping companies announce a halt to transit through the Red Sea. Then, with the launch of Operation Prosperity Guardian, we saw the same companies start reversing their decisions, only to again pause shipping quickly after the resumption (thanks to more attacks from Houthi rebels targeting Maersk ships). As such, the past...