Dear beloved friends, The price of gold plummeted sharply this morning, experiencing a decline of $39 to reach $2,029.6 per ounce. However, there has been a slight recovery, and it is currently trading around the $2,037 mark. This rapid decline in gold can be attributed to profit-taking pressure after the precious metal reached an all-time record high last...
Gold price today dropped shockingly in the context of the USD Index increasing 0.37 points to 103.64 points. This causes the value of the USD to decline compared to many other strong currencies. The international gold market falls into a disadvantageous position. On the other hand, gold prices dropped today when US bond interest rates increased to 4.4%/year. This...
Hello dear friends! Gold prices continue to decline on the third day of trading, hovering around $2,021. Gold faces selling pressure after reaching a record high of $2,152.3 per ounce on Monday. The sharp decline in gold, triggered by profit-taking, has created a significant "reversal" on the chart, indicating that the upward trend has exhausted and a medium-term...
Hello dear friends! Currently, gold is trading around $2035 with a slight recovery from the morning's range of $2020 - $2035. After a sharp drop of $120 from the new record high of $2144 established in Monday's trading session, gold is seeking support from the recent weakness in the US Dollar and the low interest rates of the US Treasury bonds, although the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12 " Impulsive Waves and making its " 3 - xyz " Wave. It has breakout the Previous Resistance Level and Completed the Retracement for Break of Structure. Bullish Channel as an corrective Pattern in Long Time Frame Entry Precaution : Wait for the Proper Rejection
Hello, wonderful friends! Are you curious about the price of gold this week? The current price of gold is fluctuating around $2093 and has reached nearly $2150 at times. As a result, gold continued to rise rapidly at the end of last week, as the precious metal was still supported by expectations of a Fed interest rate cut, while technical factors continue to...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 123 " Impulsive Waves in Short Time Frame and Impulse " 12345 " , Correction " abc " in LTF Completed making its Impulse Again. Bullish Channel as an Corrective Pattern in Long and Short Time Frame and Rejection from Upper Trend Line Entry Precautions : Wait for the Proper Rejection or Breakout
Gold wants to make a similar Movement like the Main wave 2 ( Flat Correction ), I tried to show you the end of the Main wave 4 in my Chart, and probably it will happen at my TRZ (Time Reversal Zone). Where is the end of main wave 4 ❗️❓ 🎯 Target 🎯: 1680$ until 1650$ Where is the end of main wave 5 ❗️❓ 🎯 Target 🎯: 2263$ until 2230$ ...
The current geographic situation is still an uncertain factor in the capital market. In the weekend news, the Israeli military said that Israeli ground forces are actively carrying out operations in various parts of the Gaza Strip.Sunday's bombing caused dozens of Palestinian casualties, and civilians sought refuge in smaller and smaller areas in southern...
Hi, dear friends, let's explore gold prices after the big fluctuations yesterday! Regarding the developments and outcomes of the news on November 1st: Gold prices experienced significant fluctuations on Wednesday evening, approaching the $2,000 mark ahead of the Federal Reserve's policy announcements. This came as the US dollar delayed its recovery amidst slow...
Due to the strong performance of U.S. economic data, U.S. Treasury bonds continued to rise strongly, while the dollar index rebounded slightly after falling for a few days.Next will be the U.S. personal consumption expenditures (PCE) price index for October released today. Wall Street expects personal consumption expenditures inflation to decline slightly, and...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame and Almost Completed " c " Wave. It has Completed " Impulsive Waves " 12345 " and Corrective Waves " abc " and Again Impusive Waves " 12345 " will be Completed at Resistance Level or UTL. BOS with Divergence Entry Precautions : Wait for the Proper Strong...
XAUUSD - Intraday Broke the sequence of 5 positive daily performances. Buying posted in Asia. Price action has continued to range within a triangle formation. The trend of lower highs is located at 2045. Bespoke support is located at 2007. Selling spikes offers good risk/reward. We look to Sell at 2046 (stop at 2055) Our profit targets will be 2021 and...
World gold prices have not changed much and are still anchored at the highest level in nearly 7 months. Earlier in the day, the precious metal was priced at 2,043.1 USD/ounce. For the whole month of November, gold prices increased by about 2.7%. Yesterday, the US personal consumption expenditure (PCE) price index in November was announced with an increase of 3.5%...
Hello dear friends! Let's explore the gold market today with Karina! The price of gold continues to trade around $2,045, decreasing on Wednesday due to the recovery of the US dollar amidst profit-taking ahead of key data releases. However, the greenback remains weak as new hopes emerge that the Federal Reserve has completed its tightening of monetary policy and...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. Completed " 123 " Impulsive Waves , will makes its " 4th " Impulsive Wave and Retracement for Break of Structure Entry Precautions : Wait for Rejection or Breakout at LTL
Hello dear friends! The price of gold today is fluctuating around the range of $2044 - $2045. Currently, gold is moving sideways within a box, and the next trend is still unclear. We will wait for gold to break out in a certain direction to play that trend: Scenario 1 : If gold breaks the uptrend, we will buy. Scenario 2 : If gold breaks the support level, we...
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.