GOLD could not go higher and failed to break through the resistance level. It broke and closed below the support level; breaking the channel, and it will most likely go down further. Price action is trading in the consolidation zone. It retested the resistance following a channel breakout. We expect the support zone to be tested. ------------------- Share...
Gold (XAU/USD) has lacked directional conviction since the beginning of 2024, with prices oscillating between technical resistance at ~$2,065 and horizontal support at ~$2,005. Although bullion’s prospects seemed more positive a month ago, the bullish thesis appears to be on hold for now, especially after the Federal Reserve indicated that it is in no hurry to...
Hey Everyone, Following on from yesterday, as suggested we are seeing price play within the range 2178 Goldturn resistance and 2157 Goldturn support. Yesterday we stated that EMA5 failed to lock below 2157 retracement level, which followed with the bounce into 2166 and leaving target 2178 open. This was hit perfectly and then once again ema5 failed to lock...
If the Fed decides to cut interest rates in March, there is a high probability that gold will still have room to rise. If the Fed decides not to cut interest rates in March, market concerns about inflation may still push up gold. Therefore, it will be difficult for gold to get out of the downside in this environment. The current market is a process of hyping the...
Gold (XAUUSD) eventually broke above the Channel Up on our last signal (March 04 2024, see chart below) and almost hit the 2200 Target: It may be time to take profit on the break-out buy as the Bullish Leg since the February 14 Low is so far in perfect symmetry with the previous that peaked on December 04 2023 and potentially with the one before that peaked...
GOLD is currently trading in an ascending channel. The market pulled back to the support level and 50% retracement level . Notice that price action approached the level by printing small candles with deceleration, indicating that there's no strength. Price action is likely to pullback from the support level since price reacted to this level...
Gold is treading water above $2,170, awaiting a fresh batch of high-impact US economic data for the next push higher. The US Dollar is attempting a bounce amid a negative shift in risk sentiment while the US Treasury bond yields are consolidating a three-day recovery rally, capping a XAU/USD further upside.
As anticipated, following Friday's NFP report and a new all-time high nearing 2200, OANDA:XAUUSD has entered a correction phase, with the initial downward movement reaching a low of 2150. Yesterday, the price rebounded from that level, reaching a high of 2180, but is currently retracing. Given the robust and swift appreciation of Gold's price, we may witness...
Good morning gold gang! Yesterdays sell zone was bang on netting the gang 70 pips! We closed respecting the engulfing on the daily time frame so we may be looking at sells today I have found 2 possible zones one to buy one to sell check them out and put them on your charts follow me on socials for live updates T
Hey Everyone, Another PIPTASTIC day for us on the markets buying dips, inline with our chart idea. After completing our target at 2184 earlier this week, ema5 failed to cross above and therefore followed with the drop into the highlighted retracement range. This gave the perfect bounce into into 2178 and then continued to range between the levels and re-tested...
good evening gold gang .. i know ive been slow with the analysis lately .. but there is literally nothing to analyse as price continues to fly! We have finally had a daily close bearish, so we may be creating some workable price action The CPI move came up to my sell level perfectly and dropped heavily with positive dollar news ... amazing! Price is at the...
GOLD created a bearish harmonic pattern where the D point is at the border of the channel. The market slowed at the 127.2% fibo extension level. The market is testing the resistance and dynamic resistance levels, where we have confluence to short the market. We expect a rebound from thecounfluence levle and a retest of the support...
Hey Everyone, Once again our chart idea played out level to level once again! We had the 2184 target hit yesterday but ema5 failed to cross above and therefore as stated we got the drop into the highlighted retracement range followed with the perfect bounce into into 2178 , as already market up on the chart with arrows from Sunday. We have also updated our...
U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department...
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 has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate....
Hey Everyone, Once again a great start to the week with our chart idea playing out, as analysed. Yesterday we stated we had a open target at 2184 and a ema5 cross and lock above 2184 will open the range above or failure to lock above 2184 will see price retrace. - Our target at 2184 was hit perfectly followed with a candle body close above 2184 leaving 2192...
Daily/4h time frame analysis on Gold. Price action. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️