I see multiple strong bullish signals on Gold after a test of a key daily horizontal support. The price violated and closed above a resistance line of a falling wedge pattern. The market also formed an inside bar formation, the range of the mother's bar was violated as well. These 2 bullish confirmation indicate a highly probable bullish continuation. Next...
The US Consumer Price Index is forecast to rise at an annual pace of 3.2% in December, a tad quicker than the 3.1% increase reported in November. The Core CPI inflation, which excludes volatile food and energy prices, is set to fall to 3.8% in the same period, compared with the previous growth of 4.0%.
Hello traders ,what do you think about GOLD? In the 1H, the momentum of gold is downward, the price is below the EMA-50, and it has broken the trend line and made a pullback. After a little fluctuation in this area, it is expected to drop at least to the specified level. If this post was useful to you, do not forget to like and comment.❤️
After setting a local higher high, Gold retraced. It is currently testing a wide horizontal demand area on a daily. To buy the market with a confirmation, watch a bullish flag pattern on a 4H. Bullish breakout of its upper boundary will be your strong bullish confirmation. A bullish continuation will be anticipated at least to 2075 then. ❤️Please, support...
Gold (XAUUSD) stopped its 10 day pullback yesterday on the 1D MA50, which is the level where the short term Channel Up priced the previous HL on December 13th. The 1D timeframe is technically neutral (RSI = 47.836, MACD = 6.750, ADX = 32.595). If the 1D MA50 is crossed though, the trend will turn bearish in a way comparable to the May 17th 2023 bearish crossing....
Hey Everyone, Please see update on our 1H chart idea. Price hit our Bullish target at 2047 yesterday and then failed to cross and lock above confirming the rejection for us, which then played out into the retracement level and then 2020 Goldturn. Both the retracement level and 2020 Goldturn provided the bounce inline with our plans to buys dips playing out...
Here is my latest structure analysis and key levels for Gold. Horizontal Key Levels Support 1: 2015 - 2019 area Support 2: 1973 - 1979 area Support 3: 1931 - 1938 area Resistance 1: 2077 - 2088 area Resistance 2: 2143 - 2148 area Vertical Structures Vertical Support 1: Falling trend line Vertical Resistance 1: Falling trend line The market is currently...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test at 2045 heading towards 2047 Goldturn resistance and sitting between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2047 for a immediate bullish target and 2032, as our bearish retracement...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2044 and 2055 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target. We have resistance test open at 2055 Goldturn, which will need ema5 cross and lock above to...
Hey Everyone, Please see our daily chart update, which we have been tracking all month. Once again true perfection alongside our smaller timeframe analysis. After hitting our target at 2089 inline with the channel top, we then stated that we will now either see resistance here for a rejection and test at support on the channel half line or a break above the...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel. - 3 weeks price action provided support on the...
Hello Traders, so here's the weekly update of the financial markets. DXY filled the weekly FVG by market close last week and rejected. So what we expect this week is BEARS putting in lots of SELLING PRESSURE. Probably this week we shall see a BEARISH CANDLE on the Greenback. Onto GOLD ,with the above information, I expect it to remain BULLISH alongside other Major...
Hey Everyone, Piptistic finish to the week and a super start to the new year with another great opportunity today to buy dips inline with our trading plan. As stated yesterday we waited patiently for the swing range test to finish up with either a break and lock below 2032 to open the support structure or a retest to 2054 to complete the swing. No lock below...
Gold price continues with its struggle to gain any meaningful traction on Friday and remains confined in a narrow trading band below the $2,050 level in the early European session. Traders also seem reluctant to place aggressive bets ahead of the US monthly jobs report.
Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar (USD). The US bond yields, however, started losing traction after minutes of the December 12-13 FOMC meeting reflected a consensus among policymakers that inflation is under control and concerns about the downside risks to the...
Gold came under bearish pressure and declined below $2,040 in the American session on Wednesday. The benchmark 10-year US Treasury bond yield builds on Tuesday's rebound and pushes higher toward 4%, weighing on XAU/USD ahead of FOMC Minutes.
Hey Everyone, After hitting our bullish target at 2071 yesterday, we saw the price drop into the retracement level completing 2054. Ema5 cross and lock below 2054 then confirmed the swing range, 2040 and 2032 - both targets were hit. Both the retracement and swing range gave the bounce and swing of 40 pips plus, as part of our setup plan to buy dips and...
Hello trader’s what do you think about DXY index )? traders are looking 👀 a 4H tame frame 🖼️ trade line dxy hitting support levels and trade line now dxy bak up ⬆️ 102.381 to 102.573) The dollar index fell to below 101 on Wednesday, the lowest in five months, as markets continued to position according to signs of cooling US inflation, and consequently, incoming...