On Friday, gold in the Asian market was operating in the 1955-1960 range. Spot gold ended three consecutive days of decline, getting rid of the lowest point in nearly three weeks, and once exceeded 1960. From the perspective of technical analysis, the daily head-and-shoulders top pattern has been partially formed, and the right shoulder's 2004 decline has now...
Looking at the 4-hour chart, the Bollinger Bands are opening downward, and gold has encountered resistance and fallen since last Friday's high of 2004. There is only a single positive line on the K line, which is structurally very weak. Yesterday, the US market closed with a positive line in the 4-hour period. Seen as a correction, a single positive cannot change...
The main stock indexes on Wall Street continued to extend their climbing streak, while US 10-year Treasury yields also increased as investors braced for speeches by at least nine officials. Federal Reserve (Fed) officials this week, including Fed Chairman Jerome Powell on November 9. According to CME FedWatch, traders are discounting a 90% chance that the Fed...
🔴Gold price assessment 📌Gold rose sharply on Friday as the war situation in the Middle East continued to heat up. Israel expanded its bombing of the Gaza Strip, causing local Internet and phone services in Gaza to be cut off. Gold prices increased to the same level as in 2010, the highest level recorded in the past 5 months. 💢The war has greatly affected the...
XAUUSD Gold now formed Head & Shoulder formation in weekly time frame, so market will come down for some month to achieve target so better be on sell side in long term trades
There has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates. Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in...
As the #3 most heavily weighted stock for the TVC:DJI , NYSE:GS was one of the drivers behind the run down this week. In February, a buyback program of 30 billion was approved. Buybacks probably commenced in March and have been boosting the price up within the trading range until recently. It may be that the buyback money has been depleted. Goldman Sachs...
Happy weekend everyone! This week we have relatively few open strategies. We traded 7 orders this week, 6 wins and 3 did not leave the market. This week's temporary profit is 23 US dollars. Suggestions for next week: The golden weekly line shows a lower shadow Yang line, suggesting that the power of shorts has weakened, but various indicators are still bearish....
Hello, according to my analysis of the gold market, gold is still in a very negative state. Under pressure from sellers. Everything is explained in the analysis. Good luck to everyone
News side: Spot gold fell slightly in the European market on Tuesday (September 12), with the current gold price trading around $1,920 per ounce. Gold has been affected by conflicting forces over the past few weeks, which continues to be reflected in volatile gold price movements. The powerful mixture of expectations for interest rate hikes by the Federal Reserve,...
Hey guys it’s Amir what’s up? I’ll go right into it. - GS is trading between support and resistance since October. -We have a similar double bottom like we had couple of months ago - we have a gap at the resistance and I LOVE gaps I believe they always get fill - at the 4 hour interval we have a bullish divergence Right now I’m waiting for final confirmation...
keeping an eye on a potential Head & Shoulders pattern in the stock of Goldman Sachs (ticker symbol: NYSE:GS ). The Head & Shoulders pattern is a popular technical analysis pattern used by traders to predict potential trend reversals. It typically consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The pattern suggests a potential...
The Fed 🦅 hawks once again suppressed gold prices, and gold bulls were gradually reversed In early European trading on Wednesday (September 6), spot gold fell short-term, and the price of gold is currently approaching $1,923 an ounce. Suppressed by the strong rise in the U.S. dollar, spot gold closed at $1,924.96 an ounce on Tuesday, down $13.21 an ounce or 0.68%...
Gold entered the long position at 1938 in the European market, and rebounded and rose as expected. The US market strategy has also been disclosed in advance. Shorting near 1950, plan your transaction, trade your plan, and execute decisively in place. The current price of 1955 is short, and you will reap the rewards! The perfect switch between long and short, two...
Gold is still in a bullish upward trend, and the pullback is still an opportunity to go long. Now that the market has fallen back, it will be more direct. The current price of 1913 is more, and the 1935 line is bullish! Gold has now started an upward trend, and shocks and callbacks are inevitable, but every callback is an opportunity to go long again! And the...
The US Dollar Index (DXY) is experiencing a rebound and is currently trading at 104.10, strengthening the Greenback against the six primary currencies. The rise in the value of the US Dollar (USD) can be attributed to moderate employment data in the United States, which has created a sense of caution among investors as they seek further indicators regarding...
Gold is now starting to rebound and rise, and it will fall back and continue to be bullish! The upper goal is the 1930 line! Now that the current price of 1915 is high, the US market continues to be bullish! Gold's apparent decline is now over! The trend broke through the suppression of the downward trend line, and broke through the bottom consolidation...