AUDUSD is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY...
Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) . In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend . I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical...
The US Dollar (USD) has paused its decline, supported by a risk-averse market environment and a slight increase in US Treasury yields. People's Bank of China (PBOC) keeps Interest unchanged prime lending rate, raising concerns about the lack of policy support to promote economic growth. Markets are also nervous, awaiting more clarity on the state of the US...
As i have predicted earlier that gold will go down as it is forming a Bearish Flag pattren but at that time fundamental got in as a CPI news but i am still stick to the plan from a good Markup price of 2330 which is also a physiological level and a strong support became resistance through which gold has taken resistance almost 2 times in current scenario now gold...
Consider why XAUUSD is moving sideways from the daily time frame down to the lowest time frames. When you zoom out to the 12-month time frame, you’ll notice XAUUSD has hit the third touch of the horizontal resistance level and is respecting it. Historically, each time it hits this resistance level, it bounces back with significant selling pressure. On the daily...
Yesterday, due to the US market being closed, the gold price basically did not move much and remained in a volatile state. Today, gold began to rise at the opening and broke through the resistance near 2340, and the upward momentum was relatively strong. The possibility of gold price rising in the future is relatively high, and the main strategy today has turned...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
📌EUR/USD continued to slide to Friday's lows, falling to 1.0670 before recovering to 1.0700 during the US market session. Political pressure is weighing on the Euro after a major change in European voter sentiment. 📌On the US side, increasingly negative data is raising concerns about a possible recession, fueled by the results of the University of Michigan (UoM)...
as you can see we have been in a long term buy for a while now after the big drops since gold hit its all time high, we are now looking o continue with a major recover buy to around 2350 level to get Gold back to its previous strong zone
- Gold prices remain under pressure, continuing their bearish trend after a steep sell-off last Friday. Today, gold prices fell as the U.S. dollar strengthened. This rise of 0.1% in the dollar makes gold more expensive for holders of other currencies. - Technical View The key level is 2,234. A sustained move under $2,344 will signal the presence of sellers. If...
#GOLD.. market very well hold your area and bounced as we discussed, now market have 2358 as today 2nd resistance area, keep close it because if market hold it then drop expected from here, above 2359 hour closing means invalidate selling. keep close and dont be lazy here. good luck trade wisely
XAUUSD LONG Trade Reason : 1) Take Support for Day Time Frame 2) 4 hr - Decending Channel Pattern Breakout Entry - 2368 or Correction Level Target - 2414 .715 Stoploss - 2313 Enjoying Swing Traders ...
#GOLD- well guys market near to your channel line 2nd time, first time market hold it perfectly and now 2nd time market again placed a high near your channel down line. what will happen? this time market will hold that channel or not.. no doubt day is not closed yet. it will cleared after day closing. good luck trade wisely
Gold gains traction and trades around $2,321 in the latter half of Thursday, buoyed by a drop in the benchmark 10-year US Treasury bond yield, which fell more than 1% on the day to below 4.3% following disappointing US economic data. This decline in bond yields provides support for XAU/USD. The price action in gold demonstrated a strong rejection from a minor...
The lower-than-expected retail sales data in May in the United States had a short-term impact on the market, but the long-term economic outlook still needs to focus on the Fed's policy trends and changes in economic fundamentals. Investors should remain cautious and pay attention to the global economic situation and geopolitical risks to make reasonable...
Gold price cannot break the 2325 resistance level to form a short-term uptrend. Gold retreated to levels near 2310 as the US dollar tried to recover even as US Treasury yields eased again. The release of US retail sales data on Tuesday, weekly jobless claims on Thursday and a flash purchasing managers' index on Friday could provide clarity. in terms of...
The gold market maintained a steady recovery ahead of the weekend, but the overall trend remains unclear as US consumer confidence continues to decline and inflation expectations remain high. The new divergence between the Fed's interest rate forecast and market expectations could bring some volatility to the gold market in the short term. China is the main...
The XAU/USD chart is forming a parallel channel and making new higher highs and higher lows according to Dow Theory and pattern analysis. On a higher time frame, the structure of GOLD is bullish. However, on a lower time frame, we can expect a slight downside move to sweep out liquidity before the upside rally begins. Fundamentally, the outlook for gold is bullish.