The Gold has been declining the last couple of week. The market is currently very optimistic about the debt ceiling negotiation. I see the dollar getting stronger. Markets are pricing in a 37.8% chance of a 25-basis-point hike in June, according to the CME FedWatch tool. Monthly We can clearly see at the highs a triple top between the price of 2067 and 2075. The...
Hello GOLD DIGGERS , this is what I'm seeing on gold from the D TMF. We see that price has pushed down from a major supply zone to a sub-demand level (area or value) where price can really react. I'm anticipating price to either puch back up to the main supply zone and then dig down, or price to brea out from the sub-demand level, pullback , and swim...
Additionally, concerns about a potential U.S. debt default further affected the market. The rise in interest rates negatively impacts non-yielding assets such as gold, as it increases the opportunity cost of holding them. The Fed's approach to rate hikes is based on data, and with inflation rising, they may consider further hikes. Economic risks from a possible...
Gold is approaching an important horizontal daily support. Depending on the reaction of the price to that structure, I see 2 potential scenarios. Bearish Scenario If the price breaks and closes below the underlined green area on a daily, it will signify a strength of the sellers and a highly probable bearish continuation. Next target will be 1900. Bullish...
Hi, so this is my other prediction on gold, I most probably will respect all these prices to create the market structure. I prefer to see CHOCH and BOS, then wait for a pullback in the institutional fib level where the OB and IMB form. Safely, wait for the price to make a rejection in LTF before entering.
Hi, so this is my prediction on gold, most probably will respect all these prices to create the market structure. I prefer to see CHOCH and BOS, then wait for a pullback in the institutional fib level where the OB and IMB form there. Safely, just wait for the price to make a rejection in LTF before entering.
I anticipate a favorable market response to occur within the price of 2031.08 to 2033.55, and there appear to be several potential opportunities to sell based on the following confluences: Moving Average, Reversal point, Decline Trend line, Incline Trend line, 0.618 bearish fib and Structure. Currently, Gold has experienced an increase of 1.6%, indicating the...
When considering CPI, a lower figure is preferred when buying assets such as gold, EUR, EURUSD, Cable, and indices. The weaker the CPI, the better it is for risk assets, especially those associated with hedging against the dollar. For instance, if there is a year-on-year 4.7% inflation and a month-on-month 0.2%, it would be ideal to buy indices and sell dollars...
Gold price fell below the support of $1936.00 during Asian trading, after slipping beneath the $1952.00 cushion due to the US economy's approaching default. Technical indicators suggest a downside risk in the daily chart. The US Dollar found support due to positive macroeconomic data and the gloomy market mood. The currency remains strong, while the stock market...
In terms of gold, yesterday again bottomed out to test the 1951 line, the US market counter-pumped closing T-shape, and the 1951 position, tested three times, were bounced up, located at the 60-day moving average position, forming a short-term support level. However, in terms of rhythm, the price broke the last rising point in the previous period, and the daily...
Triangle breakout towards the downside has been seen in gold ( 15 MINS Chart ), Consider a Sell below 1974. May TEST 1962 Region!! Keep stop loss at Day's High ( 1981). Apply your own risk management. Kindly read disclaimer from previous post before investing!
Hi, according to my analysis of the gold market. There is a high potential for an upside from this area. It reached the bottom of the ascending channel. With very strong support at the 1950 level. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free...
XAUUSD is going to fall Sell at 1977 TP1 1970 TP2 1960 TP3 1950 TP4 1940 (bit risky)
Gold has had quite a slump in the last few days, but it could not stop there... The news seems to continue in the dollar's favour, and with the FOMC Minutes just around the corner we could see a further grab in value. I think if gold breaks support at 1952 it will have an even sharper collapse. We will see, play your game and good...
gold sell continues, Gold is forming a lower high and lower low and right now and bounced of the demand zone at 1960 zone. as long gold has not close above this trend we are still on a sell to 1800.
The US Dollar Index (DXY) which is extermly bullish this week and will reach 104.1 area.So Gold continues its TVC:GOLD downtrend to be 1930.However, the price will recover before continuing to decrease.it will reach 4H FVG(1992-2000) before dumping.
Gold is currently testing a solid horizontal daily key level. After it was reached, the price started to consolidate within a narrow horizontal range on 1H time frame. To short with a confirmation, I would suggest waiting for a breakout of the support of the range. An hourly candle close below will confirm the violation. A bearish continuation will be expected...