Gold lost its shine due to a minor pullback in the US dollar. Technical: The near–term support is around $1830, The yellow metal faces strong resistance of $1860
Hello everyone As XAUUSD making a green bar in weekly. we can see a bull channel taking form in 4 hours and lower time frames.If we consider the buy volume which we got from less than 18 hours ago, we may get to see the price exceed 1860$ by the end of the week. The double bottom pattern shows a good amount of buy in 4 hours chart, considering the exhaustion...
Yesterday the Federal Reserve initiated their first interest rate hike since 2018, taking the Fed Funds rate from 0 – ¼% to ¼% – ½%. The rate hike of ¼% was not only anticipated by market participants but was also factored into current pricing. The dramatic change in the Fed’s forward guidance announcing that they intended to raise rates at each of the FOMC six...
Last 2-3 years was very intense for money printing, FRED website charts shows it as well. We also may look into some class of commodities (like corn, oats, wheat, energy), to confirm the words of significant loss in value of money. It's always worth thinking about securing your profits & diversify funds, with proper (for you) balance on different class of...
XAUUSD gold could possibly drop to 1800.00 in my opinion and then look for highs into 1850.00 once again for swing trades.
Gold is in wave C. We can measure it buy formation of wave B in Ret. 38.2 & the time token to brake the top of wave A. I mean, the speed of the last wave can be considered as a proof of being in a new motive wave not a correction one. The TP is measured using Elliot and Fibonacci rules. Personally, I think the price will hit the target in 10 years or more!...
Could XAUUSD be forming head and shoulders pattern on the Daily time frame? If so, are we likely to witness it happen before the close of Q4? Are the major investors looking to sell their positions on gold in favour of DXY? Will XAUUSD price revisit the neighbourhood of 9th August lows (1663.27) ? Market does what the market wants. So I'll take my bias as...
XAUUSD Pair may see a significant rise following the recent price fall that drove price to a dynamic resistance (1778.971) from 1876.984 resistant area. Strategy : Breakout and Retest I want to see price break out of the current structure ans retest at least 70% fibo level of the pump that triggered the break out before i buy in. This acts a a save zone for my...
Heavy melt down when the 4hour , 8 hour Order block is respected . Otherwise respect the levels. - Sell levels 1784,76 NB : Non Farm Payroll will heavily affect
Gold rebounded from last Fri. low yesterday. The market opened near 1783 early in the Asian session. The price had been bounded by the 1780-88 range throughout the Asian and European sessions. It broke out from 1788(1) at the US session opening. Day-high reached 1795, with the day ended 1793 up by USD 9. The technical pull-back from escaping channel(2) has...
This is my chart analysis for XAU/USD and i have entered this trade and waiting for good result. please let me know if you see anything on my analysis so that i can improve my skills. thank you
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello Guys, I have identified the Triple Top pattern in Gold , if we see structure break the Swing Low there will be a good opportunity to Enter trade. FOR YOU INFORMATION :: Technically, a triple top pattern shows us that the price is unable to penetrate the area of the peaks. Translated into real-life events, it means that, after multiple attempts, the...
Please Check Related Ideas This is my simple idea for Gold ( XAUUSD ) 4H time frame I hope it is useful :) Note 1 : It may take one or 2 weeks Note 2 : DON'T FORGOT, STOPLOSS IS YOUR FRIEND :) Best regards :)
Expect more downside for Gold. Should find support at $1600-20. For trend reversal it has to make new high above June peak.
A potential trade is on the way, will gold repeat the past formation? As you can see last time, the gold traded along the trend line, then it found some resistance at 1900, traded it but it did not have enough strength to close higher and it broke the trend line and went down. Now we are moving along the trend line, the gold has found resistance at 1825 and it is...