Hey Everyone, Another great day for us with our route map and targets getting HIT inline with our plans to buy dips. We stated yesterday our open target to 1928, which was HIT perfectly completing this Bullish target using our retracement range for the multiple entries. We also stated that 1905 swing range is also open but not to target but to keep in mind and...
📚 Safe-haven demand will push gold higher in the short term. Tight enough monetary policy and rising energy prices could easily kill the global economic outlook, the need for safe-haven assets becomes clearer. High inflation and a fairly solid economy could suggest the Federal Reserve will continue to raise interest rates, but eventually the economy looks set to...
Hey Everyone, We had a great start to the week with price starting with a retracement into the retracement zone identified and supported above 1905 weighted level. We took the buy from the dip as part of our plan for a perfect TP exit!!! However we now need to keep in mind the range below is also open, as ema5 has also locked below 1918. We now have 1928 target...
Multiple time frame analysis for Gold. Important key levels. Price action analysis. Directional bias. Potential scenarios. ❤️Please, support this video with like and comment!❤️
Next week's gold price may continue to increase due to the escalation of the Israel-Hamas conflict “ETFs continue to hesitate to return to buying gold, which could put short-term gold prices under profit-taking pressure, especially when gold prices approach the 1,950 - 1,980 USD/oz range. However, if ETFs return to buying gold, the short-term gold price will...
📚 Before the announcement of the US inflation data, gold prices reached a two-week high on October 12th, driven by the accommodative policy stance of policymakers. Prior to this, some Fed officials had suggested that recent increases in the Treasury bond yields might make further interest rate hikes less necessary. 📚 This, combined with safe-haven demand amid the...
Hey Everyone, This is our update on our Weekly Chart MID/LONG TERM PROJECTION. THE FOLLOWING HAS PLAYED OUT AS ANALYSED. Our weekly chart finally broke out of the Goldturn ascending channel on the level we highlighted. We highlighted the target swing range that we expected the drop to, if the channel broke, which played out. We expect a reaction on this level...
Hey Everyone, Please see our monthly chart update, which we have been tracking for a while now. This has been playing out perfectly allowing us to use the smaller timeframes to pick the entries and exits. We can see our channel is still being respected with the bounce just short of the channel bottom for the push up heading towards the channel half-line. If we...
What a crazy bullish move initiated on Gold on Friday, following the escalation of a conflict in the Middle East. I believe that the market will most likely keep growing next week. So far, our closest key resistance is 1942 - 1953 area, that structure will most likely be tested. Moreover, we may see the breakout attempt of that. In case of a daily candle...
The XAU/USD pair's daily chart reveals that it remains close to the intraday peak, with the bulls still in control. However, the precious metal is trading below a bearish 20 Simple Moving Average (SMA), which is losing some of its bearish strength and acting as dynamic resistance around $1,880. While technical indicators continue to advance within negative levels,...
The Gold price summary has once again regained control over the significant short-term descending 21-Daily Moving Average (DMA) at $1,878. However, it was unable to close above this level on a daily basis. The 14-day Relative Strength Index (RSI) indicator is currently situated just below the midpoint. This suggests that any attempts by the Gold price to move...
Hey Everyone, This is the Daily chart idea we shared last Sunday before market open for this current week. This idea played out perfectly alongside our 4H and 1H chart ideas. Please review each stage of the analysis and conditions we highlighted below and how the market respected our analysis on each of these conditions, all the way upto todays update...
Price action analysis for Gold. Important key levels. Trading plan. Directional bias. Thoughts. ❤️Please, support this video with like and comment!❤️
Hey Everyone, A great week so far of riding this move up, all the way from the bottom support structure completing this chart idea. Price continued into the resistance structure today and just short of 1888 and then rejected at the resistance level for a correctional retracement drop. Although this chart idea is now complete hitting all targets. We have a gap...
Gold reached an important horizontal daily resistance. Approaching that the price violated a support of the rising wedge pattern on an hourly time frame after a CPI release. I expect a bearish movement to a support line of a rising channel now. Its bearish breakout, will push the prices even lower. ❤️Please, support my work with like, thank you!❤️
Gold price (XAU/USD) clings to gains backed by a correction in the US Dollar and Treasury yields, which are due to falling expectations of one more interest rate increase from the Federal Reserve (Fed). The precious metal remains upbeat ahead of the Consumer Price Index (CPI) data for September, which will be published at 12:30 GMT. GOLD BUY FROM 1882 TP. ...
Hey Everyone, Once again the power of our weighted Goldturn break and lock confirmed entry to exit with a precision HIT at 1876!! - BOOOOM We were looking for a ema5 cross and lock above 1854 to open the range above. We got the cross and lock confirmation followed with both 1864 and 1876 completed before FOMC. 1864 cross further solidified the target today. We...
Traders, do not forget that today we are expecting FOMC. Here is my latest structure analysis for Gold. Support 1: 1804 - 1811 area Resistance 1: 1884 - 1890 area Resistance 2: 1901 - 1908 area Resistance 3: 1942 - 1952 area The market will most likely keep growing before the news. Then everything will depend on the FED. Consider the following structures...