So once again we believe it will fall again from this level to the first & secnond support as the US interest rate will increase by 0.25% on Wednesday by FED.
Gold analysis: The strategy shared by gold last week only entered long orders, but the strength of the rise is worrying, and they all oscillated around 1965. In terms of the overall trend of gold today, it has returned to the previous state of shock, but this week's data week, there is the Fed's interest rate decision. Gold will also take a new direction again,...
#GOLD... So guys market amazingly hold 1954 and bounced.. Congratulations to those whos follow the idea, Now what's next?? Now need your focus 1963 for upside range area, If it's range trading untill FOMC that is in tomorrow then range will be 1963 and 1954.. Trade wisely Good luck
Concerns about a potential recession, the deteriorating relationship between the US and China, and geopolitical risks are dampening the recent positive outlook in the markets. The release of the Purchasing Managers' Index (PMI) data for July has further fueled worries of a global economic slowdown. The survey indicated a widespread drop in business activity in the...
Despite concerns about China's economic growth and a risk-off market sentiment, the US Dollar did not receive support as investors focused on the possibility of a more accommodative stance from the Federal Reserve. This resulted in a decline in the US Dollar and a rise in the price of Gold, reaching a two-month high of 1,988. However, the situation changed during...
Change of plan for the price of gold. Currently, gold is testing the confluence support level at 1963, which is the point where the February 2023 high and the lower bound of the channel intersect. Gold bulls will closely watch this critical level, anticipating a rebound and a move towards the 1985 level. Notably, the 1985 level acted as a resistance, preventing...
Gold broke through the important pressure level of 1964 last Tuesday, and did not go much further than 1987 pressure began to call back, from last Wednesday, I will give you every day to emphasize that the rebound is about to end, we have also begun to layout short orders, from the trend rhythm of gold last week, the market bulls have been greatly shaken, the...
Recently, we have observed a significant drop in gold prices coinciding with the strengthening the DXY (US Dollar Index). Furthermore, there are growing indications that the Federal Reserve might raise interest rates shortly. The DXY's recent upward trend has created headwinds for gold, as the precious metal tends to have an inverse relationship with the US...
#GOLD... so market just reached at his one of the most important area and your target zone 1954. Keep close it and don't be lazy here .. It can change the overall story .. If market hold it in hour chart then bounce expected from here otherwise not... Trade wisely Good lucm
XAUUSD wait for breakout and trade in the direction of breakout. Manage your risk according to account size!
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.
When it breaks through 1937, the short-term downward trend is destroyed, because 1937 is a very important resistance, once it breaks through, it means that the bottom has appeared. I mentioned this issue in the previous article. At that time, because it was judged that 1937 would not be directly broken, it was short-selling, and the target was 1880. Finally,...
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.
As in the upcoming week the FED will increase the interest rate by 0.25% due to which we believe the gold will keep falling till support levels.
Gold analysis: Yesterday morning, it rose strongly to the 1987 line and then began to fluctuate and fall back. After the release of the initial jobless claims data in the U.S. market, it finally fell to the 1965 line to form a double support. From the current trend of gold, it can be long or short, but the closing price is around 1969, which shows that the bulls...
Some of the same things did in the back, then left blank the same things will happen, you want to sell hate, nothing new or different is never, will happen, over and over again, now it's back to all that. landscape as said, they are a bunch of funny people, they are all "experts" they have "apps" all are waiting for the price to do it, looking for somewhere where...
Gold is still on the uptrend If it keeps the specified floor, it will test the ceiling again If you are looking for an entry point to sell, I suggest you wait
#GOLD... so market just reached near your target zone 1954 as we discussed in last week, Guys 1954 is a gift area, keep in mind that it will play key role for further 20 dollars move to anyside, If market hold it then bounce expected from here otherwise not at all, Trade wisely Good luck