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.
gold rise in Friday after the strong news the gold will continue to growth to the upward and gone make new HH in upward
The federal government has announced that Silicon Valley Bank depositors will be able to withdraw 100% of their deposits starting from Monday. The official statement claims that, after joint recommendations from the Federal Savings Insurance Corporation and the Federal Reserve, and reporting to the President, the Treasury Secretary has signed and approved...
Fundamental outlook for gold: The key remains in US economic data, focus on next week's CPI report. Although February's non-farm payroll employment numbers were far higher than expected, rising unemployment rates and slowing wage growth have led to a reduction in the market's expectation for a 50 basis point interest rate hike at the March Fed meeting....
Gold was impacted by non-farm payroll and unemployment rate data, breaking through resistance near 1845 in the short term and surpassing the previous high near 1859, rising to around 1870. Currently, 1845 and 1860 have both turned into support levels from resistance levels, causing the trend of gold to change to an upward trend. Due to the significant...
After breaking through the resistance at 1823, gold rose to 1835, breaking through the resistance level near 1831 during the period. Currently, it is starting to fall. Since breaking through 1823, this level has changed from resistance to support, and the current support range is between 1822-1825. If it does not fall below this level, the short-term trend of...
Gold has been trading sideways for the past few years, and I think we finally have the market conditions for it to *shine*. It was very overextended during the run-up in 2020. Once it broke the 20 w moving average it could never sustainably stay above it. Things were looking really bad when it broke through the 100 week moving average and fell below some pretty...
Life is like a dream, doomed to gain and lose, encounter and parting are all coincidences of happy memories. And that coincidence, in the watery time, is like a summer flower, blooming in our life with its truest and most splendid posture. Sometimes, you feel tired because you think too much. The world is unpredictable, don't be too obsessed when encountering...
The non-farm payroll data in January was unexpectedly weak, largely due to statistical adjustments and labor hoarding causing abnormal data. The addition of over 500,000 jobs to the non-farm sector is unsustainable, and inflation is likely to continue to trend downward in the first half of this year due to base effects. Therefore, I personally believe that the...
Price reacted to the 4H Demand block. I believe it will start rising up. Another confirmation is the HTF Divergence on the Oscillator. Timing is vital
As we approach Friday, it's clear that the impact of the US non-farm payroll data for February is significant. Powell's emphasis on accelerating interest rate hikes during his monetary policy testimony to the Senate on Tuesday resulted in a sharp decline in the price of gold. Powell reiterated his stance on Wednesday, stating that he would focus on economic data...
Gold has shown a double bottom near the 1809 level, suggesting a long position. Continue to go long, no need to say anything else, just enter the market directly. The downside support level is near 1802, so we will be long today with no other strategies. Get ready for a strong rally, as I am already prepared. Trading strategy: Go long on gold at 1809, stop...
Good evening gold gang!! i hope you're well. Gold saw strong moves to the upside giving us not one but 2 buy opportunities both forecast this morning. I bagged 80 pips today which will top off my week just nicely as there will be no trades tomorrow due to NFP. I will of course still be active and will be posting my analysis in the morning. The first buy was...
The 1830 short position on gold has been closed for profit. What can we do now to maximize profits? Looking at the short-term trend, a death cross has formed on the 15-minute chart, and with continued weakness on the 15-minute chart, a death cross on the 30-minute chart is also about to form. Therefore, it makes sense to sell at this point. My personal trading...
In trading, we may have short-term profit goals, but long-term goals are built on the foundation of short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve steady and sustained profitability. After Powell's speech, gold continued its downward trend and hit a...
The price of gold remained relatively stable intraday with a slight increase, as the previous bearish momentum has not yet been fully released. After a rebound in gold, it is recommended to consider short selling at high levels. The chart shows a 4-hour gold price trend. There are several reasons for bearish sentiment towards gold: Gold consolidated...
The long position for buying Gold 1809 has reached around 1821, with a profit of $12. Followers can choose to continue expanding their profits based on their risk tolerance since investment always involves risk. From the trend perspective, it is within expectations to continue to rise. The first resistance level above is still at 1833, which is also the...
Gold received a boost from the positive impact of initial jobless claims data, resulting in a short-term rally. The resistance level above is at 1225, and those holding short positions at 1819 can continue to do so, waiting for the market to return to the technical aspect and continue to decline. Additionally, it is possible to add short positions again around...