Gold / XAUUSD is declining, which is a technical pull back inside the long term Channel Up. A 4hour Death Cross will be formed tomorrow and in the past 12 months it has been a bearish signal of sell continuation. We expect the bottom to be either on the 1day MA100 (1930) or the lower dotted line (1910). In either case, over Support A as on February...
Recently, the market has been paying attention to the US debt issue, and the Biden administration will hold a press conference on Sunday.Biden and U.S. Congressional Republican leader McCarthy emphasized on Wednesday that they are determined to reach an agreement as soon as possible to avoid a debt default that will have a disastrous impact on the economy.Thanks...
At present, gold has been fluctuating around 1970-1975, so I judge that 1970 is a very stable support line. Then friends who have already taken a profit in the previous trading signal can look for opportunities to go long again. I will choose to go long as low as possible, probably around 1970-1972, and the target is near 1978-1980. After reaching...
we've broken out of a nice structure we've seen price consolidating in for some time now, our first area to target will be the 2002 area and then after we break through 1998 im looking for a continuation move to the Downside of the 1951 area if gold continues to move down we can look for the Previous Higher time frame Lows to be back tested and Respected as...
Gold is failing to break through the 4h support, giving us the low-risk opportunity to buy gold, when you look close to the m1. the buyer's momentum has reduced. so look for confirmations to buy short term.
I see gold could make one more low right now, however I prefer to wait and see as I can't find a good risk-reward ratio for selling and that there is possibility that A of 2 has completed and now is entering wave B of 2. If chart goes as planned, there should be rejection on Fibonacci Retracement on 1.272 level. If not price could go lower up to 1.618 level. To be...
Continuous short selling, continuous profit.After the direction came out, he dared to enter.This time the gold price is the same as my judgment. The gold price will fall to 1970, and all the orders will be killed before the rise will be ushered in. I judge that the ultimate goal of this wave of empty orders is to fall below 1970, because only in this way can all...
Now I'm running hard, just to catch up with the person I once had high hopes for——John. livingston The short position has emerged, and short selling is the current main rhythm. Gold has formed a relatively obvious downward trend. It has started to enter the short position since Tuesday, starting from the short position around 2022/20, followed by the short...
Gold should reach around the 50% retracement (around 1842) of wave ((3)) and continue for the wave 5 of 5 ? Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends...
Gold is near its long term Support i.e 1965 And mark my words that either hold or break this area will decide Gold's next move for a Long term For any questions, comment. And I'll provide further assistance
Gold analysis update : By checking the gold chart, we see that the price moved again to the mentioned level ($2022) and from there it faced a heavy fall and managed to hit the final target ($2001)! The efficiency of this analysis was more than 200 pips! the important condition to fall more is the break of $2000, and for the price to grow, the important condition...
While there is no one-size-fits-all trading strategy for gold, here are a few popular approaches that traders often consider when trading gold: Trend Following: This strategy involves identifying and trading in the direction of the prevailing trend in gold prices. Traders may use technical analysis tools, such as moving averages or trend lines, to identify trends...
Reason to Buy XAU/USD Now: Diversification and Inflation Hedge The XAU/USD represents the exchange rate between gold (XAU) and the US dollar (USD). Here is a compelling reason to consider buying XAU/USD now: Diversification: Investing in XAU/USD can serve as an effective diversification strategy for your investment portfolio. Gold has historically exhibited a...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Impulse Correction Break of Structure SMC - CHOCH Bullish Channel in LTF RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame
Spot gold rebounded modestly, and the gold price is now near 1975 US dollars per ounce.Gold struggled around 1975.The U.S. debt ceiling negotiations ushered in major news, and the U.S. will not default on its debt.Key data that investors need to pay attention to today: Japan's non-seasonally adjusted commodity trade account for April, Australia's seasonally...
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.
Yesterday, gold fell into a range of oscillations, and the current 4-hour chart shows a slight bottom pattern, indicating that there is a certain support below. Although it is still weak today, there is not a lot of short-selling opportunity in the market. As long as you can hold yesterday's low of 1975 today, then the probability will rise. Today's trading...
BUY GOLD Note: To reduce the risk on your balance you have to use only 2% of your balance. - - - - - -❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️.