FOREXCOM:XAUUSD is in consolidation phase and it is likely to last until 19:00 GMT. The market is waiting for news and no strong movements in one or the other direction should be expected before the time. The premise is that the dollar will strengthen: Friday's NFP continues to be bullish for the TVC:DXY (pattern to break resistance is forming) PPI...
Gold is rising today after the Fed Rate Decision (unchanged, Powell implying we are near or at the end of the hike Cycle) but also technically as it found support on the 1day MA50. This price action isn't diverging from the recent past. After the sharp decline of September, Gold peaked on October 27th, pulled back to the 0.382 Fibonacci and then made a new All...
The bears are currently not giving up control of the gold price and have caused strong sell-offs. Nevertheless, we primarily see this as part of the substructure of the turquoise wave B and expect the rally to continue soon. However, for this scenario to remain in tact, the reversal must take place above the support at $1935. Should this level be broken, the...
World gold prices on Tuesday hovered around the 1,990 USD/ounce mark after 2 sessions of decline. World gold prices became more cautious due to information that US consumer prices unexpectedly increased in November, as traders are waiting for important central bank policy meetings to find clues about the policy. currency book. The consumer price index (CPI)...
Gold is trading inside a Channel Down since the December 3rd All Time High. The Lower Lows so far have been almost equal, -3.27% and -3.12%. If this pattern holds the next Lower Low can be -0.15% lower, i.e. -2.97%. Trading Plan: 1. Sell as long as the price trades inside the Channel Down. 2. Buy if it breaks above. Targets: 1. 1938 (-3.00%). 2. 2018 (contact...
OANDA:XAUUSD continues to fall despite the expectations of many. The price is testing the 1984 area and updated the low to 1975.89. What can happen today? The TVC:DXY is in a local trend phase, but at the same time it is consolidating in anticipation of today's CPI and further news this week. The main gaze is directed towards FED interest rate decision,...
a nice possible setup for today ahead of cpi data . the trend is bearish + gold is trading in a channel + rsi bearish divergence id wait for a double top or a hammer on the top of the channel for extra confirmation
The selling continues. Markets are leading the price towards the global target, where the rally started, due to heavy buying volumes. The weak fundamental background related to NFP, Initial Jobless Claims, supports the dollar, on which background gold will weaken The beginning of correction ↓: 1) Breakout of local support lines 2) Accumulation before further...
World gold price stood at 1,983 USD/ounce, down sharply by 20 USD/ounce compared to the same hour yesterday morning. Gold is fluctuating in the lowest price range over the past 20 days. Gold traders are waiting for some new fundamental information. Gold's short-term chart condition has worsened. If the CPI number is higher than expected, that could create some...
NCDEX:GOLD after NFP is updating 2-week low and preparing to decline further as fundamentally, we notice a reversal of market sentiment. On D1 the TVC:DXY is forming a reversal setup and another retest of the key level. Against the backdrop of positive NFP, the index could strengthen quite strongly within the medium-term outlook. In the COMEX:GC1! ...
Gold (XAUUSD) eventually delivered the expected rejection and pull-back after hitting the 0.786 Fibonacci level as we presented on our December 04 idea (see chart below): That Monday candle turned out to be a fake-out, liquidating countless of late buy positions at the top as well as stop losses on sells. If we ignore that non-technical candle wick, we can...
hello traders . afte last week candle my stance on gold is BEARISH . last week the market was ranging due to nfp the price finally broke the range and closed below 2000s. i think the price will retrace back to the fibb golden zone of the impulse can continue back down. am gonna wait for confirmation on the yellow area and open a short position very very...
World gold price trades at 1997 USD/ounce. Compared to last week's closing session, world gold prices decreased slightly by 6 USD/ounce. Some analysts believe that the coming time will be challenging for gold. Currently, the gold market is under pressure because the November employment report in the US published last weekend was quite positive. Specifically,...
Gold will continue its decline. There are a number of reasons for this: Fundamentally, gold is weakening (Strong dollar from NFP) Break of 2009.6 support The correction wave continues its second part False break of 2067 Target support area 1933 The market closes Friday below the support level. But, a counter-trend spike is formed, which may trigger...
Last week saw gold prices skyrocket, setting a new record of 2,149 USD. However, this price does not last long. Closing the weekly trading session, world gold price stood at 2,004 USD/ounce, down sharply to 68 USD/ounce compared to last week's closing session. Last week saw gold prices skyrocket, setting a new record of 2,149 USD. However, this price does not...
OANDA:XAUUSD , following my expectation, on the background of Friday's NFP falls and reaches the target. The price is testing the level of 2000, but in my opinion, this target will not end this week. From December 11 to December 15 we are expecting a rather active week, fundamentally. On Friday we got a rather strong NPF for the dollar, which made gold fall...
the truth is the direction is unknown but technically we can see signs of a possible pullback.
OANDA:XAUUSD continues to form a local bearish channel after updating the high to 2150 and strong sell-offs to the current area. There is still a huge imbalance in the market and the price could go even lower to settle the situation. NFP could perfectly develop the expected scenario I have been telling you about since the sell-off. Expect the data at ...