Gold is possibly still within its descending channel, though it has discovered a foothold at $1885 and demonstrated an upward shift this week due to a decline in bond yields. However, the anticipation is for the Fed funds rate to remain higher for longer, so gold’s upside potential might be short-lived. Butting up against this hypothesis is the very recent...
What is up gold gang! hope you are well and caught those nice sells today from the algo level .. very very nice indeed!! Price came up in asian/london .. hit the algo level .. no news days gold likes to reverse without the volume so we hit the sells after waiting for the tommy reversal pattern .. and boom off she went. Perfection Tomorrow we have PMI! lets see...
Good evening gold gang!!! oh dear what a bad day for price action!! .. we got the mother of all fakeouts during the ny session. What is a fakeout? .. its where price tricks you into thinking its going one way, then quickly shoots down the opposite .. trapping you in positions. The trendline break was a sure sign for buyers today seing the decline in dxy also .....
Daily/4h time frames analysis on Gold. Price action. Key levels. Potentials scenarios. Trading plan. ❤️Please, support my work with like, thank you!❤️
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's current trend seems to be, this round of decline is a continuous shock fall, the amplitude of the shock has contracted, in the upward adjustment, there is no breakthrough of the high, the upper resistance point gradually moved down, the trend is very simple, which brings certain convenience to our short-term operation layout, relying on the previous day's...
Here is my latest structure analysis for Gold. Horizontal Key Levels Support 1: 1875 - 1898 area Support 2: 1854 - 1858 area Support 3: 1804 - 1811 area Resistance 1: 1923 - 1933 area Resistance 2: 1942 - 1947 area Resistance 3: 1972 - 1987 area Vertical Key Levels Vertical Support 1: Support line of a falling wedge pattern Vertical Resistance 1:...
What is up gang! What a great day we had with calling the level touch and reversal for huge sells. Insane. Its been a crazy couple weeks. Long may it continue The top level 1903 was touched to the pip and shot down. How did i know it was going to do that? .. i trust my algo levels completely .. but what are they? Over years of staring and testing on the charts...
At present, gold has been fluctuating and rising. After 1900 was broken yesterday, it only fell to the 1896 line. It did not continue the downward trend, but quickly rebounded and corrected, closing above 1900. The current trend is basically similar to the previous trend, and a double bottom has been formed below. The counterattack trend of bulls is ready to...
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.
"So, GOLD has lost one of its important supports (1896 ~ 1902). It is currently at the lowest price in the last 60 days. The price has formed a clear CHOCH on the 1H and 4H time frames, and the trend has remained bearish after losing the support. The first scenario involves being rejected after retesting the previously lost structure around 1896 ~ 1902 and then...
Yesterday's FOMC was bearish for Gold, and the market dropped sharply. As I already discussed on the live stream, shorting Gold now looks very risky. The thing is that the market is currently trading within a huge horizontal zone of demand. The underlined blue are is based on a price action of February, March and July this year. Be careful and keep tracking...
Gold Analysis: Last Friday's gold empty order was also steadily won. The closing battle is also a successful conclusion. With the beginning of a new week, new market trends are also waving towards us. Next, listen to my analysis and insights on Monday's market. The support at 1910 below is relatively strong, and several pre-breakthroughs ended in failure....
Although the price of gold fell to a certain extent today to 1902, it rebounded to around 1911 in a short period of time. As the US economic data continued to support the Fed's tendency to tighten monetary policy, the gold market fell into neutral. The recent weakness may be seen as A buying opportunity as the market waits for a fresh spark to spark a broader...
Gold has been falling below the support of 1901. Dukang still maintains a bullish thinking from low to high, and continues to hold more than 1895 orders, waiting for the US market to rise! At present, the decline in gold is over, and the daily line has fallen to the support position of the 200-day moving average. The support of the large cycle moving average is...
On Friday (August 11), DXY fluctuated within a narrow range and is currently around 102.50. Affected by the lower-than-expected inflation data overnight, spot gold once rose to an intraday high of $1,930.19, but then turned around and accelerated below the $1,920 mark. The U.S. dollar index turned from falling to rising, and investors digested U.S. July inflation...
Gold is now in a bearish trend and will find sell positions for the long term, but the confirmations are most important. Gold is now very close to its Demand zone of 1905–1895, which marked the double bottom on July 6th, 2023. Gold will give respect to their demand zone, and as per dollar analysis, the dollar will fall. In this case, gold will move some...
The gold market has been oscillating and falling since the early trading, but we can clearly see from the market conditions that the main bullish funds are constantly intervening. Therefore, gold is very likely to rise at the lower support point and continue to form a narrow-range shock adjustment trend. For short-term trading, I suggest that you can choose to...