What everyone needs to pay attention to in the near future is further news on the situation in the Middle East and economic data from the United States. The geopolitical situation has slowed down. For the time being, Israel, Iran, and Hamas have no radical actions or battle plans. The market is a little calm, and the safe haven of gold is not so obvious. In...
Gold News: Read the Latest Analysis on XAU/USD Gold Price: Current Pricing, Prices Chart & Rate Graph 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...
Hey Everyone, Another great day on the charts today with our Goldturns respecting level to level. Yesterday we stated that each of the Goldturns within the open swing range gave bounces inline with our plans to buy dips and now heading to 2333 for a test of resistance previously support. - This played out perfectly with 2333 hit today. 2333 is now acting as...
Market Analysis PT1/2 (24th April 2024) XAUUSD Analysis On the 1 hour timeframe, Price action has rejected off a daily orderblock couple with a weekly bullish Fair value gap, creating a bullish Change of Character to the upside. This means that there could be potential intentions of price creating a potential bullish market structure shift on gold,...
Hey Everyone, Yesterday we had EMA5 cross and lock below 2371 opening the retracement range 2355 and 2333. - Both levels were hit. Today we had the lock below 2333 opening the swing range levels below, which we said will allow us to buy dips on bounces on the Goldturns. - Each of the Goldturns withing the swing range gave nice bounces inline with our plans...
A survey released by the Federal Reserve on Wednesday showed that U.S. economic activity expanded slightly from late February to early April, and companies said they expected inflationary pressures to remain stable, continuing a recent trend that has prevented the Fed from cutting interest rates. In terms of the geopolitical situation, the United States, the...
XAUUSD SELL TP in the chart SL in the chart Good luck guys Note: To reduce the risk on your balance you have to use only 2% of your balance. - - - - - -❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️.
Last week (April 15, see chart below), we discussed the 'necessity' of Gold (XAUUSD) for a medium-term technical pull-back based on its 5-year Cycles: As you can see, we did get indeed the expected rejection at the top on Friday and this week we have started with almost a -5% already. The 1D RSI Double Topped on overbought territory and now is on a Lower Low....
🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢. 📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns . 🌊According to the theory of Elliott waves , it...
Hey Everyone, We started the week high lighting two weighted levels 2408 and 2371 and was looking for either one to lock with ema5 to open the next range. 2393 resistance held on market open with no ema5 challenge on 2408. The rejection followed with the weighted Goldturn 2371 test our bearish target. EMA5 cross and lock below 2371 opened the retracement range...
Hello traders ,what do you think about GOLD?After its recent growth, gold has reached the ceiling of the long-term channel. After a little fluctuation in this area, it is expected to correct at least to the midline of the specified channel. If this post was useful to you, do not forget to like and comment.❤️
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price test 2389 weighted level on market close with already a new body close above this level opening a gap to 2410 but will need ema5 lock to confirm this gap further with also an extension to 2429. We also have bearish support target at 2354 and will need to...
Hey Everyone, Please see our updated daily chart idea after successfully completing our last daily chart idea. We are currently seeing price test the updated Goldturn ascending channel top. We are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the...
XAUUSD has shown a quick rally with the conflict between Iran and Israel where we now witness a selling identified with Iran's mocking over 99.99% defense against the attack launched by Israel yesterday. Somehow the yellow metal started to recover its pump and dump by retesting one more time above the $2400 level. Here I witness a potential downward shift with the...
Gold has been in range, price have been trading at 2360 and 2396, however, we are still unsure of what next with Gold. Though fundamental and technical both sites showing that Gold may rebound to 2440 area however, recent volume and price behaviour says otherwise. Let's wait and see how price behave.
🏃♂️ Gold is moving near the 🟢 Support zone($2,373-$2,363) 🟢 and the Resistance line . 🔔I expect Gold to rise to at least $2,405 after breaking the 🔴Resistance zones🔴 . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my...
Hey Everyone, Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly. We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection. We will need to see ema5 lock above this level to see a continuation...
Western countries plan to quickly impose new sanctions on Iran to help dissuade Israel from a major escalation. Israel's war cabinet postponed until Wednesday a third meeting to discuss how to respond to Iran's first-ever direct attack, anticipating another expansion of the conflict. There is little data in the United States today. You need to continue to pay...