The price of gold is hovering near a seven-week low due to the recent downtrend. The strength of the USD is causing this, as optimism about the United States debt ceiling talks and hawkish Federal Reserve comments are supporting the currency. Additionally, recent challenges to US debt limit extension and a US-Taiwan trade deal are causing the XAU/USD price to...
Gbpusd bearish sentiment as Asian markets undergo trading, USD is still king for now waited for deep correction into a deeper fair value gap which never triggered which indicates strong selling pressure, taking half percentage Risk on this trade considering its low volume but big bearish fair value gap liquidity sweep incoming
Gold price has broken short-term support and hit a multi-day low due to stronger US Treasury bond yields and the US Dollar. The Federal Reserve officials' hawkish bias and the US debt ceiling concerns are contributing to this trend. Bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and a two-month-old bearish triangle pattern...
this mapping for help not as a signal take your risk and trade safe
Waiting the price to 1963 area then buy Our goal wil be 2040 wish is a powerfull resistance dont forget to put SL perfect price for the SL is 1945. wish you best of luck
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...
The world gold price plunged in the context of a strong dollar. The US Dollar Index (DXY) which measures the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) was at 103.007 points (up 0.27%). A combination of supportive factors pushed the US Dollar (USD) to its highest level in almost two months, which is expected to weigh...
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...
The trend of gold today is basically the same as what we said yesterday. After the US market fell below the 2000 mark yesterday, gold continued to trade at a low level. 1978 Yesterday, the highest price of gold started to drop from around 2018. Prior to this, the price continued to narrow and fluctuate, rising and falling, bottoming out and rising back and...
Gold did not have a big rebound throughout the day, and the bears were in full control of the situation. The big-cycle weekly line had a triple top, and the small-cycle hourly line was suppressed by the downward trend line. The market continued to hit new lows, and the bearish trend was obvious. When the trend comes, we must follow the trend to the end, without...
The gold market trading last Friday was generally in a state of profit-taking, and the market’s buying positions will be relatively weakened. In addition, the Federal Reserve currently believes that the collapse of the banking industry has eased and inflation remains high. The move to stagnate rate hikes cannot travel in time at the moment, and gold is...
Now the trend of gold is the same as we expected yesterday, it is already very obvious, the trend is bearish, the rebound, but 2020 has already decided the next trend! Now the key support below is the 2000 mark, whether it can really break the position, once the position is broken, after such a long period of shocks, it will definitely be a waterfall...
Gold, after the opening of the market yesterday, it hit the lowest position of 2007 and then reversed slightly. After reaching the highest around 20022, it formed a range of shocks. There is a lot of willingness to break through, and what is worth looking forward to is that the European market will retreat again as soon as the market opens, and it will stop...
We have already made a profit on the empty orders in front of gold. Gold fell again after the low and weak shocks yesterday. A small shade. Today we see six consecutive negative lines falling to the low point of 1972 from the hourly line From the perspective of the daily line structure, yesterday's decline in gold continued the influence of Tuesday's big...
In the early days of the U.S. market, the data was negative. Gold successfully broke through the position of 1964. Although there was a slight rebound, the low point was constantly being refreshed. Our 1975 afternoon chase is effective. We also said that 1970 fell below sister, and we will continue to look at 1960 The -1930 position is currently mainly...
The structure of the daily gold line is currently back in the interlayer of the moving average, and the short-term market may undergo a process of shock and digestion. As long as it does not break through the 2020-2025 area, the short-term state of gold will still be weak, and the shock and digestion time in the interlayer of the average line will be extended....