The gold price is facing noticeable negative pressure to attack the 1913 level, which requires attention in the upcoming trading, as continuing the decline and confirming the break of this level will stop the positive scenario suggested in the morning and put the price under negative pressure during the coming sessions, while the price needs to consolidate above...
#GOLD... As we discussed in our last idea that 1914 and 1909 is supporting area and you can see market hold your supporting area and bounced back . Now in today retail sales and core retail sales on table from US. and technically same areas 1914 and 1909 if market hold this support them again you can see a bounce, Upside we have 1929, 1934 and 1946 47....
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.
In this video we undertake a comprehensive analysis of GOLD. XAUUSD has conspicuously exhibited a robust downtrend, notably observable on the weekly timeframe. It experienced a substantial selloff followed by a marked retracement to its initial point of origin. Given the magnitude of these price movements, we anticipate further market volatility. Within the...
A triangle pattern is a technical formation characterized by converging trendlines. It signals a period of consolidation and indecision in the market, often followed by a significant price breakout. In this case, we have a triangle pattern that's worth exploring. Triangle Formation: The price chart of Gold on the H1 timeframe shows the formation of a...
I am writing to bring your attention to a highly lucrative investment opportunity that has emerged amidst the escalating tensions in the Middle East – the exponential rise in gold prices acting as a safe haven. As you are well aware, gold has always been considered a reliable investment avenue during times of geopolitical uncertainty. The recent developments in...
💡Last week, gold saw its best weekly gain since mid-March due to increasing safe haven demand as the Israel-Hamas military conflict shows no signs of abating. 💡In addition, the US announced tightening sanctions on Russian crude oil exports on Friday, causing oil prices to increase to 90 USD/barrel. Some analysts note that as oil prices continue to rise, gold's...
As of October 17, 2023, at 09:00 AM, let's analyze the current technical situation of Gold. 🟡 Gold is currently positioned at a higher low (HL) on the downtrend line. It recently encountered resistance at the Senkun Span, which is a significant level within the Ichimoku Cloud. Subsequently, it underwent a brief bearish movement to maintain its position below the...
POLITICAL-In terms of unstable geopolitical, international and regional tight escalaltion, demand of GOLD is going to be in FIRE !!! Price is going high from HTF POI this can push price higher and higher!!
Gold is respected since 1924, so we are on track. If gold goes up, take another entry on 1935, but we are now on our track, so be careful. On 27 Oct, we have a full moon, so we expect a minor low. So, it's better to exit your sell trades on 27 Oct and reenter on 2 Nov. In case gold makes a minor low, then we will again see our major low on 23 Nov at 1783. Please...
Gold rose strongly in Friday's trading, breaking through key suppression and showing momentum through the five hurdles. The continuation of this uptrend suggests that we should continue to ride the trend next week, firmly bullish and actively long on the back of the 1900 round mark. From the news side, the intensification of the Palestinian-Israeli conflict has...
Active consumers in the euro zone will save the economy from a hard landing. Although sluggish manufacturing, weak exports, high financing costs and geopolitical instability are holding back economic growth, spending is still rising as people benefit from a strong labor market. . The European Central Bank predicts the economies of euro zone countries will continue...
#GOLD... What a move done by market in last 5 days and today was absolutely funtastic. In my last idea I told about 1867 as resistance area but market break his area and then make it as support and hold it 4 to 5 times and bounced further. Week was absolutely profitable. We all exit from gold now Keep close now market areas tha tis 1825 to 1829 That is...
Gold and geopolitical risks New forecast Gold metal recorded its best weekly profits in 7 months, at a rate of about 5.31%, amid the escalation of geopolitical tensions in the Middle East region and the decline in US Treasury bond yields. The strong weekly gains for gold came as a result of the escalation in Gaza and the increasing conflict between the...
Recently, I spotted a gold support break on the H4 chart , driving the price up to 1932.00 . Currently, the price has retraced to 1912 , hovering near a critical support level at 1896. This support level will be a key indicator for potential future price movements. Stay vigilant and consider various factors before making your trading decisions. Traders and...
Gold Analysis October 16: War risk sentiment supports Gold price - Fundamental analysis: Gold had the most exciting trading session of 2023 when it increased from 1868 to 1932. The war between Israel and Hamas suddenly escalated when the Israeli government warned more than 1 million in northern Gaza to evacuate the area. Haven products such as Gold are supported...
It could be retracment of a bullish move which was given to us in last week we have a confluence of Daily Resistance level and H4 bearish orderblock and as we remember we have achieved 68% fibbo retracment also the bigger confluance we are in down trend 📉 on daily time frame but for being safe the we in this little short trade is, in last week price has broke...
Greetings traders! We're currently observing a compelling setup in the XAU/USD pair. The price action is oscillating within a well-defined corridor. Recently, there's been a notable rebound off the corridor's lower boundary, indicating bullish momentum. Entry Zone: Our optimal buy-in range is situated between 1846 and 1854. This zone is derived from recent...