✅ XAUUSD continues to hold support. The asset is in an uptrend. The price will continue to rise if it holds support. ✅ 🚀 BUY scenario: long to 2048 🚀 ---------------------------------------------------------------------------- Remember, there is no room for luck in trading - only strategy! Thanks for likes and comments.
US inflation eased less than expected in September to 8%, and underlying prices excluding food and energy prices accelerated to a new four decade high Core CPI gained at its highest annual pace in 40 years, rising 0.6% for the month and 6.6% for the year and Fed funds futures are now pricing in 75 bps in December, up from 50. Moreover, terminal rate expectations...
The price seems not able to close below the 81.00 level. The 5 green arrows showed that buyers keep on pushing the price upward. As a Day Trader, this is an opportunity for a counter-trend trade, because it is obvious that we are in a downtrend at the 4-hour chart. TRADE DIRECTION: Long KEY LEVEL: 81.00 TRIGGER SIGNAL: Bullish pin bar (yellow arrow), supported...
You can see the scenario that I looking for. I am waiting for the price to touch the bullish order block and then with low timeframe confirmation, we can enter the buy position. We can define the previous high as a target. If the price breaks the previous high before entering the bullish order block this TA is not valid anymore. 💡Wait for the...
Still possible that we can see 1 more leg down (Wave IV), offering us a 710 PIPS buying opportunity towards $153.300📈 Upon completion of this final impulse move up, we can look to start positioning ourselves into a MULTI-YEAR downtrend. This could be 1 of a lifetime opportunity!
Looking at gold I think we're seeing a classic candlestick formation, signifying continued momentum. The significant rise of gold due to risk-off geo-political factors has created the pole, profit-taking and uncertainty at these higher levels has caused a slight retracement, however the bears can't take control, which is causing the pennant (LH's with...
Preferred direction: SELL Comment: The trading idea for gold, proposed on Friday before the NFP, remains relevant. Here at the level of 1981.683 we expect a fall. A significant part of what was expected before the fall has already been realized, and at the beginning of this week, most likely the potential for the fall will be realized. Thank you for like and...
Is XAUUSD exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1950 followed by 1900. What you guys think of it
Preferred direction: SELL Comment: The new week began with the continued weakening of the US dollar. However, based on technical and volumetric analyses, a correction in favor of the American currency is visible. Thus, one of the promising currency pairs for implementing this idea is the pound. Here a fall is expected towards the level of 1.23500. Thank you...
It's crucial to understand where we are in the market cycles. Gold experienced a notable surge a month ago, resulting in a price spike. Currently, the XAUUSD price is following an ascending channel, presenting a favorable buying opportunity. This trend resembles the movements we observed in gold in March and May, as illustrated in the image.
💬 GOLD: Review before non-farm. It’s the first Friday of the new month on the calendar, which means the publication of data on the US labor market. In this regard, there are assumptions regarding several trading instruments and how they could potentially behave during the non-framing release. Firstly, let’s slightly refresh the idea of Gold, which retains its...
💬Description: On Friday evening, just before the market closed, the metal renewed its local high. This made sellers nervous, and most of them bought the market with a minus on their account. However, the instrument is unlikely to develop this offensive by buyers now, and a rollback to 1948.160 is expected in the near future. The price may go even lower under ...
💬Description: According to the previous scenario, in a certain future (1-2 weeks) , we expected a temporary strengthening of the Euro , which is currently happening. In the near future, most likely, buyers will approach the level of 1.06745 , from where the “insidious” plan of buyers to “throw out” sellers from the market will begin. To do this, it is necessary...
💬 Description: Metals have stopped their rapid growth, which can most likely be associated with a “pause” in the Middle East. However, demand still remains and is likely to continue in the near future. Before this, you need to “cleanse” the market of unnecessary passengers, that is, buyers, who are actually fewer than sellers. The latter, in turn, try to enter at...
SILVER New forecast The price of silver moved upward significantly in the las week , breaching the 23.12 level and stabilized above it, heading towards achieving expected gains during the coming sessions, on its way to mainly visiting the 23.35 and 23.49 level. Therefore the uptrend scenario will be remain valid and affective supported by moving average 50...
Xauusd possible forming a bullish triangle now . Long toward 2065 +/- . S.l at 1969.
Everything is clear Spread of war could move price even higher
Gold prices drop to $2,000 due to market risks from widespread war in Gaza Although a pause in rate hikes was announced at the Fed meeting, interest rates are likely to remain at their current high levels for an extended period of time. H4 gold price shows an ascending triangle pattern The U.S. dollar index fell to a two-month low of 104.94, and the benchmark...