Gold Price Analysis for the Week of 26/2 - 1/3/2024
• Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news.
• The XAU/USD is currently trading at $2,038, showing a 0.70% increase.
• Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above...
📌By examining the trend in the four-hour time frame, gold is approaching the resistance of the ceiling of the descending channel in the range of 2047 dollars, and it seems that the price may decrease to the support of the floor of the descending channel in the range of 1973, provided that the resistance of 2047 is maintained. There are dollars.
In another...
As you can see traders Gold has been in a bullish trend in the past weeks and months, you can see now that it has created a pattern that is called the ascending triangle which signals a Bullish market so now we have to wait for the price to break above the triangle zone then I can look for bullish trades.
My outlook for gold this week remains bullish. The robust response we witnessed from the daily demand zone two weeks ago has been a significant driver of the ongoing bullish momentum. I anticipate this trend to persist, and my strategy revolves around awaiting a minor retracement.
I'm particularly eyeing a pullback towards the 6-hour demand zone, which emerged...
Now everything is Going well for Gold. No matter there is uncertainty or War or interest rate decisions, Gold is likely to touch higher targets. as I mentioned on my BTC analysis, Today's Core PCE can be the Final Fuel for market to start their final rally in 2023.
scenario 1 : If the price break the area 1 its great opportunity to take long position after retest the area 1 .
scenario 2 : if the price fail to cross the area 1 up that mean we have great opportunity to short position up to area 1
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We banked some pips on short today, but i see possible movement up to 2026 as first TP, next TP 2031. It must return to level 2021 to retest atleast one time and we ready to go up again..this is clear buy patern that works 90% , but TPs can by different
previous days lows taken out liquidity taken and stops hunted easy slow movement upward and accumilation before next days tokoy session open which will continue bulllish
I think after four years of getting rejected and sinking back down, gold finally looks like it's ready to break out. If it does I think it's going to break out hard and we could see a quick (but short lived) run to $2,500.
Let's see.
What's up folks, Currently in a buy on gold
Let me explain
These are my confirmations\questions >
Question 1 - Is gold in momentum (bullish or bearish)?
Yes, gold is in bullish Momentum currently
Question 2 - Who is interested (at this time)?
Buyers are interested at this time
Question 3 - Where are their stop losses?
Stop losses would have been right below...
On the 4hrs timeframs gbpusd has made a rebound to continue it uptrend movement so is expected to buy at psychological levels of around 26000 and take profit at TP1,TP2, TP3 and TP4 marked area
Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill the imbalance and then to reject from bearish order block.
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** GOLD Analysis - Listen to video!
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My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2016.9 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2005.3
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of...
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.
