After yesterday's decline, gold has established a small bottom, so today's trading strategy is to buy, tp 2392/2396/2401
Gold technical analysis Daily resistance is 2400, support below is 2373-35 Four-hour resistance is 2400, support below is 2384-73 Gold operation advice: Yesterday, gold relied on the 2350 mark to continue the strong bullish fluctuations and rose, and finally broke through and surged. After the opening of the Asian and European markets, the bulls fluctuated...
The US April CPI posted on May 15 confirmed an growth of 0.3% final month and an growth of 3.4% over the identical duration final year. The US CPI growth in April changed into decrease than the forecast of monetary professionals collaborating in a Reuters ballot earlier, pronouncing that the CPI extended via way of means of 0.4%. Mr. Jim Wyckoff, senior analyst...
Geopolitics is once again dominating the news. Gold is strengthening again, viewed in conjunction with the golden ratio. The buys that can maintain this position are the main ones. Buy gold price near 2320. Target position short-term 2346 first line In the past, you always failed when trading alone. But everything will change after you follow me. Because we...
Gold price analysis: Current short-term trend: Up. News: Good news for gold Technical Indicators: MA shows bullish trend Short term pattern: triangle consolidation Breakthrough direction: Up Support: 2366-2262 Pressure: 2397-2404 In the short term, low buying is still the main trend! The above gold prices are based on the real-time prices on...
Gold prices are about to cause a sharp correction. Be prepared to sell high Gold's rise. I'm actually not surprised. Friends who follow me know that I have been bullish on gold since last week, as mentioned in my previous views. Gold is like a very strong bull There are several reasons: First, to put it simply, it is the rising risk aversion sentiment in the...
From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large. The U.S. dollar also surged higher but fell back, providing good support for gold prices. A substantial support has been formed at the hourly level, and the four-hour...
The target is at 2186-2183. Step back on the support below to confirm. Bulls are currently strong. The support below is still in effect. sl is set at the position of 2169-2167
Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236. Now we have a new formation in the making - W FOrmation. I do believe we will get some sideways movement to create equilibrium and prepare for the next run up. So as long as the price is above the 20 and 200MA - it's good to go! My...
World gold prices increased sharply with spot gold increasing by 27.4 USD to 2,385 USD/ounce. Gold futures last traded at 2,391.8 USD/ounce, up 31.9 USD compared to yesterday morning. Gold prices rose to their highest level in more than 3 weeks on May 15 (US time) thanks to support from the weakness of the greenback and falling yields after the latest inflation...
possible sell around these levels before making new highs. looking for sell setups. for both gold & silver. invalidation price : daily close above 2450$ / oz. good luck.
As posted on last December, gold is building wave 5 with a text-book elliottwave structure. Now in wave 3 of 3. A move back to ext 0,618-0,764 is expected to complete wave 4 of 3. Then it will continue up to follow the shown trajectory.
Gold can still maintain this range for long purchases to earn the price difference. Rely on the MA below and the geopolitical news below as support. In the ultra-short term, I personally think there will be more room for buying operations and lower risks. 20310-2319buy COMEX:GC1! TVC:GOLD OANDA:XAUUSD MCX:GOLD1! In the past, you always failed when...
Gold prices extended gains near $2,360 on Monday during the first hour of trading in Asia. Rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. Gold prices traded positively during the day. The yellow metal kept the bullish trend intact as it held above the key 100-day Exponential Moving Average (EMA) on the daily...
Gold prices continued their uptrend on Thursday and rose more than 1% as US Treasury yields fell, reducing the greenback's appeal. Labor market data from the United States was weaker, increasing the chances of an interest rate cut by the Federal Reserve despite facing inflationary pressures. XAU/USD's daily chart shows it has slowed its recovery around the...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did. As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there...
Gold rate forecast Gold costs accelerated due to the fact tensions in Ukraine and the Middle East nonetheless display no symptoms and symptoms of cooling down. Russia is attacking on many fronts in Ukraine and fierce combating is occurring. Meanwhile, withinside the Middle East, Iran these days stated it'd create a nuclear bomb if threatened via way of means of...
Relying on trend resistance, it fluctuates and rises. Now it feels a little weak, so we can sell first. The trend support is at 2348, so TP is set at 2352/2349.