The greenback continues to weaken but gold is not really benefiting Gold price is currently quite calm around the 2,305 USD mark. Optimistic market sentiment, falling US government bond yields and a weakening USD are the factors that are having the main impact on this precious metal. Investors are continuing to evaluate Chairman Jerome Powell's comments on...
XAU/USD has met the minimum requirement to complete a bearish "Measured Move" pattern after reaching the 0.618 Fibonacci level of wave C at $2,286. This means that gold prices will likely go up in the near future. This pattern is made up of three waves in a zig-zag pattern. The end of wave C, which is also the final wave, can be estimated based on the length of...
Validity : Friday Afternoon 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 4 Hours Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET Our motto is to help each...
Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, on the downside, break of 1.2448 minor support will indicate that...
The current gold price is trading around 2,323 USD/ounce. The golden boy immediately regained the mark of 2,300 USD/ounce after yesterday's sharp decline to 2,285 USD/ounce. The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate...
Today, the US economy will release a series of April economic data and non-farm payrolls reports. At the same time, the Fed ended this session. It is likely that the employment report will have a strong impact on financial markets, including gold. Traders have lowered expectations about the timing and extent of US interest rate cuts this year after published...
"EUR/CHF Just a Few Pips Away from Hitting Target 🎯" Excitement fills the air as EUR/CHF inches closer to its target 🚀. With just a few pips left to go, traders are on the edge of their seats, eagerly awaiting the moment of triumph 📈. Will the pair hit the mark and deliver the goods? 🎯 Stay tuned for the thrilling conclusion! 📈💥
📈 USDCHF Analysis: Potential Breakout Opportunity Ahead Hey Traders! 👋🏼 Let's dive into the exciting action on USDCHF! 🚀 🔍 Current Situation: USDCHF is currently in the midst of a powerful bullish trend on the daily timeframe. As we speak, it's testing a crucial horizontal resistance level. 📊 This moment could be pivotal! 💡 Trading Strategy: I'm on high alert...
📢 Attention Traders: Get Ready for Next Week's Move! Hey everyone, exciting news ahead! 🚨 We're gearing up for another week of action, and our sights are set on USDCHF once again. 🎯 ✨ The Setup: USDCHF is holding strong in its buy zone, and the momentum is building. 💪 Our position is solid, and the market is showing promising signs as we head into the new...
In the bigger picture, price actions from 0.6169 (2022 low) are seen as a medium term corrective pattern to the down trend from 0.8006 (2021 high). Fall from 0.7156 (2023 high) is seen as the second leg, which is still in progress. Overall, sideway trading could continue in range of 0.6179 /7155 for some more time. But as long as 0.7156 holds, an eventual downside...
As predicted, price went all over to 1.0650 to neutralize 15min imbalance order block having and immediate reaction. It is expected to climb to 1.0711 to collect first profit. We are just buying a pull back. On higher time frame we can see bearish pressure, once price hit 1.0711 we should look for any bearish reaction if price goes over this supply zone expect...
Gold prices lost the $2,300 mark last night as data from the US showed that labor costs are rising, thus pushing up inflationary pressure. As a result, the Fed will need to be more patient in lowering interest rates, as Fed Chairman Jerome Powell announced two weeks ago. Gold price is trading at $2,292/ounce, up slightly by 0.27% after falling more than 2% on...
XAUUSD after the price was able to break through the 2291 level, it is expected that the price has a chance to test the 2263 support zone if the price is unable to break through. It is expected that in the short term there is a chance that prices will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Measuring the bear flag provides a slightly different target that is a little higher than the 50-Day line. If the flagpole is measured from the daily breakdown of the April 19 low of 2,373 to the recent retracement low of 2,291, a potential target of 2,238 is calculated. Given the clarity expressed by today’s selling (wide range red candle with trading continuing...
📉 GBPCAD Analysis: Potential Resumption of Bearish Trend Ahead 📉 Hey Traders! 👋 📊 I've been closely tracking GBPCAD, and it's been quite the rollercoaster lately. Here's the scoop: 🐻 After a solid bearish wave, we saw a correctional movement that brought us to a critical juncture. Recently, the price hit a major horizontal resistance cluster. But here's the...
Gold Price: Current Pricing, Prices Chart & Rate Graph\ Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven....
Hey folks, exciting news! 🚀 A golden opportunity just unveiled itself on this fine Friday. Picture this: two significant gaps on our chart - one bullish, the other bearish - both nicely filled in. Now, the stage is set, and we're eagerly awaiting the bulls to strut in and take charge. Our On-The-Edge (OTE) zone is primed, leaning towards the buy side. Let's buckle...
The $2320 and $2313 target reached ✅, yielding more than 350 pips since yesterday! I hope you took advantage of it! by Reviewing the gold chart, we see that the price started to fall from the $2346 range and has managed to correct down to $2311 with a drop of over 350 pips to this moment! According to the previous analysis, this fall could continue down to $2303,...