Position: Short Entry Range: 1907.71 - 1906.00 Take Profit (TP): 1896.96 Stop Loss (SL): 1908.40 Analysis: Given the recent price action and technical indicators on the 1-hour timeframe, a potential shorting opportunity for XAU/USD has been identified. The pair seems to be exhibiting signs of a minor pullback, providing a short trading...
GOLD is moving in the descending channel. The market broke and closed below the consolidation zone. Price action is likely to test the support level, which is daily support. We expect a selling opportunity if the price makes a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %. Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no...
Gold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy. The decline in gold prices is closely related to the rise...
KOG REPORT: In last week’s KOG Report, we were expecting an aggressive week on the markets and that’s exactly what we got. Our ideal scenario on gold was for price to find support, push to the upside, grab the higher pool, and then make the drop into the first level 1908 where we expected a bounce, which didn’t arise, and then into our level 1890 which was...
Hello There! Welcome to my new analysis about NEM, the next gold-mine gem I am adding to my current gold-mine gem watchlist. If you like to know the other gold-mine gems I already added to my watchlist please look into the recent ideas I uploaded to my TradingView profile. In today´s time, there are massive transformational events going on within the whole...
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.
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We have 1854 Goldturn resistance target open for a test. We will need to see 1854 break and lock to open the range above. We also have price testing support at 1847 and will need a lock below 1847 to open the next Goldturn support at 1831 for a bounce. A retest and lock below...
Hey Everyone, Please see our updated 4H chart levels and targets for the coming week. We have price testing weighted support at 1851 Goldturn. We will need to see 1854 weighted level break and lock to open the range below. We have a candle body close below 1854 opening the gap but need em5 lock to confirm further. We also have a open bullish target to 1851 and...
Hey Everyone, Please see our updated daily chart structure, levels and targets. Price is testing a support structure on the daily chart with some room still left. We are expecting a reaction on this zone, which is also inline with the Goldturn channel support. We will need to see the channel support break with EMA5 to confirm a structure breakout into the...
✅Gold managed to break the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and support line yesterday by Bearish Marubozu Candle . 🌊According to Elliott Wave theory , Gold is completing the Double Three Correction(WXY) . 🌊Currently, Gold is on the way to complete microwave C of the main wave Y after breaking the 🟢 Support zone($1,904.260-$1,886.49) 🟢. 🔔I expect...
Gold was Bearish current month and will could be bearish in next month the if it goes bullish then first target could be 1858 level and if Remains bearish then the next target 1831 to 1827 level the we could see a possible move in bearish trend to 1815 level which is last year lowest for gold then we could possibly see gold to rally upwards so we hope gold will...
Hey Everyone, As shared yesterday; we had 1875, as the target for retracement from this drop, which was hit perfectly. No cross and lock above 1875, which followed with the rejection into the bearish target 1862 and 1854. We now have a gap to 1840 but no cross and lock confirmation yet. We will come back Sunday with our multi timeframe analysis and updated...
As you know, I was bearish Gold since Tuesday and argued that, if XauUsd breaks under 1915 zone support, we could assist a 500 pips drop. The "major target for bears" was hit yesterday and now we may wonder what's next. Technically, the structure is strongly bearish, however, considering the magnitude of the recent drop, a correction to the upside is probable....
XAUUSD is in long term downtrend. Pirce already has broken the monthly support and currently going up for deeper pullback. As of today's range, we could find both buy and sell opportunity from nearest liquidity zone. if the price break previously daily high, we can look to sell as there is still probabilily to drop to daily support level again. On the otherhand,...
GOLD is in the consolidating zone following the drop from the resistance. Kill zone for shorting opportunity, where we have resistance at 1880 and 38.2% fibo levels. We anticipate a pullback and short the market from resistance level. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!