The latest Fed monetary policy decision was as I predicted, keeping the benchmark interest rate unchanged at 5.5%. Fed Chairman Powell's speech was very hawkish, causing the US dollar to rise again. Gold just encountered resistance in the 2055-2060 period I predicted yesterday. fall I judge that gold may continue to fluctuate within the range today. Pay...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves at Demand Zone or Fibonacci Level - 50.00%. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line. Strong Divergence in RSI and Completed the Retracement for Break of Structure
Hello Traders! This is my idea related to Gold H1. I expect a retracement after a reaction from the OB H4. At the moment, I expect that Gold will go after the PD BOSS, at the price of 2009. If confirms, it will be my target.
World gold prices increased slightly with spot gold increasing by 5.5 USD to 2,036.6 USD/ounce. Gold futures last traded at 2,055.5 USD/ounce, up 6.5 USD compared to yesterday morning. World gold rose to a two-week high on Tuesday as it was supported by dollar weakness and lower Treasury yields while focus turned to the Federal Reserve's policy meeting. US State...
Pay attention to the non-agricultural ADP small data and the impact of the Federal Reserve's interest rate decision on the market. Our focus remains on whether Powell's speech is dovish or hawkish, as interest rates are certainly on hold for the time being. Last December, after Powell revealed the possibility of cutting interest rates, he was interpreted as...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Corrective Waves " ABC " and Impulsive Waves " 12 ". Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line and Fibonacci Level - 78.60%. Completed the Break of Structure and Retracement and Demand Zone
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Gold prices steadied early in the US session on more safe-haven demand after a weekend terrorist attack in Jordan left three US soldiers dead. The recent attack on US forces in Jordan threatens to spread conflict in the Middle East, when US leaders are under pressure from Congress to take action in response. The world is anxiously waiting for the US military's...
Markets remain cautious ahead of Wednesday's Federal Reserve monetary policy decision, with rising tensions in the Middle East boosting demand for safe-haven assets Today we need to pay attention to the monthly rate of the FHFA house price index in the United States in November, the annual rate of the S&P/CS house price index in 20 major cities in the United...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " and " AB " Corrective Waves. Consolidation Phase in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Completed the Break of Structure and Retracement. CHoCH and Divergence
Over the weekend, a U.S. military base was attacked by a drone in Jordan, killing three and injuring 25. This was the first time a U.S. soldier was killed in an attack in the Middle East since the new round of Palestinian-Israeli conflict. Last week I also emphasized that gold still has room to rise. The current high point of gold is 2033. This week’s data...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " and " ab " Corrective Waves. We have Break of Structure with the Breakout and Retracement. Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line.
The gold market focuses on data: the number of initial jobless claims in the United States in the week to January 20, the initial value of the annualized quarterly rate of real GDP in the fourth quarter of the United States, the initial value of the quarterly rate of real personal consumption expenditures in the fourth quarter of the United States, the initial...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Traders! This is my forecast on GOLD M30. I will look for a short trade entry if I see the retracement from the OB H1. My target is the resistance level at the price of 2002. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Today, Friday, focus on the annual rate of the US core PCE price index in December. Gold's fluctuations were not large yesterday. Although yesterday's data was not conducive to gold, the lowest level only reached 2009, and finally rose to above 2020. Today's core PCE data is very important to the trend of gold. From the perspective of expectations, core PCE...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " A - 12345 , B - wxyxz " Corrective Waves. Symmetrical Triangle as an Corrective Pattern in Short Time Frame with the Breakout of the LTL and making its Retracement in Corrective Pattern " Exp FIAT ". Break of Structure with the Retracement at Demand Zone
World gold prices this morning inched up slightly with spot gold increasing by 7.9 USD to 2,019.9 USD/ounce. Gold futures last traded at 2,021 USD/ounce, up 9 USD compared to yesterday morning. Gold inched up slightly in Thursday trading thanks to falling Treasury yields after US GDP data showed the US economy grew faster than expected in the fourth quarter...