HELLO FRIENDS As I can see GOLD is preforming a harmonic pattern cup shape and on daily TF it already had tested a support zone near 2K$ and now looking for a new bull run higher inflation still remains and investors always choose safe haven in these type of Geopolitical situations its also hard for US to early rate cuts in Q1 so this is based on technical...
Last week's weaker-than-expected data was the main driving force for the rise in gold prices, including the possibility of an escalation in the current geopolitical conflict, which also pushed up gold's safe haven. Therefore, combined with the influence of various factors, gold has room to rise during this period. . The focus of the market this week is to pay...
World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary...
This week is a data cycle, and we need to pay attention to the release of the February non-farm payrolls report during the week. Gold may face major tests and abnormal fluctuations. At the same time, the market will pay close attention to the content of Federal Reserve Chairman Powell’s two-day testimony before Congress. Gold cannot only look at the current...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line Rejection from Resistance Level RSI - Divergence Completed " 123 " Impulsive Waves
Hello, dear friends! Let's review last week's gold prices and discuss a new strategy for the upcoming week with me ! At the start of the week, gold prices were relatively subdued, mostly moving sideways around the $2030 mark with resistance at $2035. However, towards the end of the week, gold gained significant buying momentum, breaking through several key...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure / CHoCH Completed " AB " Corrective Waves Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of Upper Trend Line Rejection from Resistance Level
Hello dear brothers and sisters, let's dive into what's new with gold prices today! Yesterday afternoon, gold prices surged impressively, breaking through the significant resistance level at $2035 and nearing $2050 before stabilizing around $2045 for the first half of today. The core Personal Consumption Expenditures (PCE) in the US dipped from 2.9% to 2.8%...
Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall...
Today's gold is completely consistent with my analysis. After several days of volatility, gold rose to 2050 after breaking through 2037-2041 today. We will still be bullish on gold tomorrow. If gold falls back to rebound around 2038-2042, you can buy it with a target of 2055-2063 I will update my thoughts if there are new trends formed. Join me and check out...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Divergence - RSI Completed " 12 " Impulsive Waves
Gold continues to trade within a price wedge and is nearing the boundary of the trendline. The precious metal remains capped below the $2040 resistance, and I am looking forward to selling gold with a profit target set at $2027 (the lower trendline limit). What about you, are you considering selling gold? Remember to set your Take Profit (TP) and Stop Loss (SL)...
Hello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it,...
sl below 163 closing basis , patience will be required , enter on high probability zones only
Today, the key market trend on Thursday is in the U.S. market. The U.S. inflation PCE data will be released in the U.S. market, which is expected to have a greater impact on the temporary shock state of gold. From a structural point of view, 1H presents a standard flag-shaped finishing structure. The focus of observation today is whether this flag pattern...
Hello, beloved friends! What are your predictions for the movement of gold today? Last evening, gold momentarily touched the $2025 mark yet swiftly rebounded to settle around the $2035 zone, continuing to encounter challenges around this resistance level. Given the narrowing of the Bollinger Bands, it is anticipated that gold will experience minimal volatility...
Gold prices remain stable around $2,035, witnessing a slight increase of 0.17%. This development follows the announcement by the U.S. Bureau of Economic Analysis (BEA) indicating growth in the country's economy. The decline in U.S. Treasury yields has kept gold near its monthly and weekly highs. The stock market indices have seen little to no change, with some...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line RSI - Divergence Completed " ABCD " Corrective Waves Break of Structure and Retracement