Hello dear friends! The price of gold has decreased by nearly 15 USD since the last closing of trading, marking a 0.74% decline for the day. Currently, this precious metal is in a state of uncertainty as investors try to predict the next move of the Federal Reserve. For short-term trades, gold still leans towards a price decrease, based on the reversal signals...
What's Next? I think gold lower after dxy bos, don't think it's just a liquidity sweep?
World gold prices are still attractive when the world's second largest economy is still facing difficulties in economic recovery. Data on China's manufacturing PMI index in December decreased from 49.4 points in November to 49 points in December, lower than the forecast level of 49.5 points. This is the third consecutive month that China's manufacturing PMI index...
Hello dear friends, do you think the price of gold will increase or decrease in the near future? Generally, the main trend of gold in the past week has been a decrease in price, with a decline of over $40 during the week. However, when looking at the long term with the 1-day chart, gold still maintains a strong upward trend with a steady rising trendline. Gold...
I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices: Analyzing the H4 timeframe, I found: Important key levels for next week are: 2035-2039 (bold areas) 1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave...
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.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement. Rejecting from Daily Resistance Level from Fibonacci Level - 61.80%. Completed " 12345 " Impulsive Waves and " abc " Corrective Waves
Following the recent interaction with my 6hr supply zone during the NFP event, I anticipate a further downward movement in price to clear the pool of liquidity below and eventually reach my Daily Demand zone. Once there, I'll be on the lookout for significant buying opportunities to support a continuation of the bullish trend. While I recognize it may take some...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of Lower Trend Line and Rising Wedge in Short Time Frame with the Breakout of Lower Trend Line and Retracement. Completed " 132 " Impulsive Waves in Short Time Frame. We have BOS and Divergence
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves. Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Completed Impulse and Correction at Fibonacci Level - 61.80%
Hello amazing friends, Today, the price of gold in the global market has sharply dropped to $2,042.7 per ounce. Compared to the beginning of yesterday, this precious metal has decreased by nearly $20, marking the most significant decline in the past three weeks. The price of gold went down after the release of the latest meeting minutes from the U.S. Federal...
Hello dear friends! Today, the price of gold is trading around $2060 and the US dollar is strengthening, but the global price of gold remains relatively high. This indicates a significant demand for this commodity. In Asia, some countries are in a peak period of gold consumption, such as India and China. The current support level is $2052 and gold is likely...
hello trader’s what do you think about gold) gold fullbacks support levels 2047) Gold if breakoutdown and this weekend looks better news CPI trader’s 2047) support levels and gold mowing fullback 2100)resistance levels)my position 2047) lounges 2100) key levels 2080 key levels 2090 key levels 2100 Gold finished the year at $2,063 an ounce, climbing more...
Hello guys in my opinion gold global direction is still unclear at the moment . but for today we can see this possible scenario happen its very likely that we see a drop towards 2050s. the price reached a resistance level and formed a double top broke and retested the neckline but in the 1h we kind of have an invertd hs forming . i would look for more...
World gold prices decreased slightly with spot gold down 5.3 USD to 2,058.7 USD/ounce. Gold futures last traded at 2,067.6 USD/ounce, down 4.2 USD compared to yesterday morning. The world gold market enters 2024 with a relatively difficult year under pressure from the strong recovery of the USD. However, the decline in this precious metal was limited thanks to...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Completed the Retracement.
Hello dear friends! Today marks the beginning of the first trading session of 2024, and gold continues to show strong performance as it steadily increases by nearly $13 throughout the day. Accordingly, the moderate expectations of the Fed and ongoing geopolitical risks continue to support XAU/USD. Based on observations from the chart, the resistance level of the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Completed " 12345 " Impulsive Wave and " AB " Corrective Waves. Strong Divergence in RSI