- There are two special indicators that affect GOLD today. Among them will be an ISM SERVICE PMI, and a FOMC MEMBER SPEECH. These are very important ECONOMIC INDICATORS and these are quite HIGH VOLATILIE INDICATORS. - US10Y currently stands at 2.44% LEVEL. USD10Y LONG TERM UP is going to be up if this MARKET CONDITION is SUPPORT to USD. Also, when we look at...
Hey traders, This week Gold was very weak and indecisive. The price is currently stuck within a wide intraday trading range. Due to uncertainty with the current geopolitical situation, the market participants are waiting for some trigger for clarification. There are two options for you to trade gold next week: 1 - you can trade the market within the...
⛔️ There are two special indicators that affect GOLD today. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. ⛔️ US10Y currently stands at 2.34% LEVEL. CORE PCE DATA was released yesterday but I could not see much HIGH VOLATILITY. US10Y was a bit WEAK...
Just like Super Mario, Gold is running and jumping to complete different tasks by hitting certain targets. It has already finished wave c in orange and wave (ii) in blue by knocking the mark at $1967 and has also completed wave i in orange afterwards. Now, it should check off wave ii in orange in the upper orange zone between $1927 and $1958 to continue the...
Technical: The near–term support is around $1918, violation below targets $1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1940, any breach above will take to the next level $1977/$2000/$2020. It is good to sell on rallies around $1928-30 with SL around $1950 for TP of $1850.
As seen in the 4h trend line . Gold is not making any meaningful move except to run between the two 4h trend lines. 1960 is a strong resistance to break so far. 1920 if hold and retest support successfull then we will see bounce to 1960.
Hey guys, While the geopolitical sentiment calms down, Gold remains locally weak and indecisive. The market was trading within a quite narrow trading range this week. While we are waiting for some new fundamental triggers, I decided to analyze Gold chart with Fibonacci. My goal was to spot confluence zones in order to get from where we can look for trading...
The price rebounds and breaks out of the immediate range to the upside. The level of 1952 has been broken, and a technical rollback is forming in preparation for a possible repair in the long zone. I'm looking forward to setting the price over 1952 and seeing it rise. My target is 1974
The gold price fell from an all-time high to about 1,100 pips last week. Though last week's start was good, the gold dropped nearly 1100 pips in the last three days of the last week. This is why gold prices had dropped. First, there was some news at the meeting between Ukraine and Russia. As long as both sides agreed to make some concessions, they could work...
There will be two major news will be released in the market today, both of which will have a significant impact on the price of gold. During the first half of the American session, the Retail Sales Report will be released, and the FOMC will release its report after its conclusion during the second half of the American session. The Federal Reserve will raise...
Gold has been falling in the last eight days. The Gold price has closed below the trend line support, and it is dropping from near the Gold All-Time Swing High Rate from the previous week. Since the gold price has closed below the trend line support, there is no doubt that it has technically gone into bearish mode. Though it is not the right time to say that the...
Despite strong US bond markets, gold has strengthened somewhat over the past few days. Although the reality is that gold is not supposed to rise if the bond rate increases, then gold is in a very favorable position. Again, 10-year bonds are technically close to resistance levels. In other words, there is a chance that the uptrend of bonds will come to a...
Gold gained above $1950 on rising crude oil prices. Technical: The near–term support is around $1934, violation below targets $1918/$1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1950, any violation above will take to the next level $1960/$1977/$2000/$2020. It is good to buy on dips around...
Gold is in wave C from wave 4 and preparing to fall in wave 5
It could be wave B of 2. the price turned to up and had correction and there is no new bottom, so i think after breakout it can go up around previous top.
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.
There is no economic report till the US season today for gold. Gold might be downtrend before the US season as it breaks below the trendline support, and 100 and 50 SMA creates a death cross. Gold price is hovering near to its 200 SMA. If gold price breaks below 200 SMA and stabilizes below $1907, it may test again below $1895/1890. On the other hand, at...
Target Area Fibonacci 261 or price 🎯 1977 If you have any queries then leave a comment. Thank you, a have good day ?!