Today, the overall gold market is in a volatile market. Gold fell and touched near 2310 multiple times before rebounding. It touched near 2323 again and then fell back again. Gold is currently trading near 2313. Today we successfully captured the profit from gold's rebound in trading. We went long gold in the 2314-2312 area and successfully hit TP: 2322....
The world gold price is currently trading around 2320 USD. "The recent downturn in gold prices we've seen over the past few weeks may be weakening. US employment figures have weakened the USD, creating an opportunity for the world gold price to rise," an expert noted. According to technical analysis, in the short term, the next resistance level for gold is 2,360...
Gold (XAU/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 2,284.24 1st Support: 2,265.35 1st Resistance: 2,327.67 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
WTI oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 77.21 1st Support: 75.98 1st Resistance: 80.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Gold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 2,277.97 which is a pullback support. Stop loss is at 2,255.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 2,332.00 which is a pullback resistance. High Risk...
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further price declines in the coming hours. Key Points: Sell Entry: Consider entering a short position...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 08 May 2024 SELL LIMIT Order: $2322.36 Stop Loss: $2330.23 Take Profit 1: $2314.75 Take Profit 2: $2304.62 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
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During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
#XAUUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about XAUUSD. XAUUSD is breaking the rising Wedge. Almost breakout done. We can see drop here upto 500Pips+ in coming days.Keep in touch we will update further soon.
Again an opportunity to expect oil to rise. The exchange rate rebounds from the support-resistance level.
Hey Everyone, Another great day on the chart today buying dips inline with our trading plan and route map. Yesterday we hit our 2305 Bullish target and 2321 confirmed with ema5 lock, giving us plenty of time to get in for the action. We also had ema5 lock above 2321 opening the next range upto 2346. However, it was a big gap and we also needed to consider the...
The 4-hour moving average of gold began to turn around, and gold had a 4-hour double bottom structure, and gradually stabilized. Gold did not fall further, but gold only fell to the 2317 line and stabilized and rose again.
Gann Levels Static and dynamic levels Try to trade on the levels given
OANDA:XAUUSD spot faced strong selling pressure and fell to a one-week low ahead of the Federal Reserve meeting. The Conference Board's consumer confidence index fell for the third straight month in April, falling to 97.0 from a downwardly revised 103.1 in March. Pessimism prevails ahead of the Federal Reserve's monetary policy announcement scheduled for...
Silver may resume its uptrend after recent corrective decline from technical point of view and by Elliott wave theory. We have been talking a lot about bullish metals in the past months and they may easily stay in the uptrend, especially now when bonds across the globe are recovering away from the supports. We have seen some slow down on silver recently, but we...
Looking at the 4h and daily time frames we can see that price has bounced/rejected the 382 fib level and could be looking to push higher. There was a small order block below around 2310 which price headed towards before making a reversal. This area presented the 382 fib level which has had some short term rejections. With this, the 382 is likely to predict a 618...
π Script: OIL π Sector: Crude Oil & Natural Gas π Industry: Oil Drilling / Allied Services Key highlights: π‘β‘ π Script is trading near at its resistance level which is 645. π Script should give closing above 645 level so that we can see good rally. π Script is trading at upper band of BB. π MACD and Double Moving Averages are giving crossover. π Right now...