Gold skyrocketed to around 1870 after the release of the non-farm payrolls report, and this is the question that most investors are concerned about: will it continue to rise? I believe it will, and it may even reach around 1890-1900. Why do I say this? Let's analyze it from the fundamental and technical perspectives. As we have discussed in previous articles,...
Backtesting gold has found support near 1870, and has risen in the short term. Currently, it has reached a resistance level near 1890. If it can break through, there is potential for it to touch 1900. If it cannot, it may fall back below 1870 again. Based on today's trend, it is still suitable for long trades. Therefore, after the fall, it can be bought...
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.
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Fundamental outlook for gold: The key remains in US economic data, focus on next week's CPI report. Although February's non-farm payroll employment numbers were far higher than expected, rising unemployment rates and slowing wage growth have led to a reduction in the market's expectation for a 50 basis point interest rate hike at the March Fed meeting....
Gold was impacted by non-farm payroll and unemployment rate data, breaking through resistance near 1845 in the short term and surpassing the previous high near 1859, rising to around 1870. Currently, 1845 and 1860 have both turned into support levels from resistance levels, causing the trend of gold to change to an upward trend. Due to the significant...
After breaking through the resistance at 1823, gold rose to 1835, breaking through the resistance level near 1831 during the period. Currently, it is starting to fall. Since breaking through 1823, this level has changed from resistance to support, and the current support range is between 1822-1825. If it does not fall below this level, the short-term trend of...
Emotionless; no preset position; strict stop loss and win win; absolute discipline; capital and risk control; the market will tell you how to operate, and will not leave you behind. Earn unknowingly and unknowingly benefits. After the sharp fall of gold, there is a V-shaped reversal, and the market sentiment is chaotic. At present, it can only be said that the...
Affected by the frenzy of the Federal Reserve raising interest rates, the dollar strengthened and gold plummeted. Recently, Powell of the Federal Reserve made a fuss about raising interest rates more intensely and faster, which caused the prices of commodities and gold to plummet, the stock market fell, the market continued to be turbulent, and the short-term...
* Elliott down trend waves finished at the suporting zone 1804-1810 of D1. * Retracement from 1858 down to 1810 confirmed the retesting of supporting. * 1870 which is MA300 of H4 precisely reached on Friday. * New pattern starting from 1810 is going on. * New bull & bear boundary: 1845. Next Monday: * 1st pressure: 1870. 2nd pressure:1890. * 1st supporting:...
Good afternoon gold gang!! hope you're having a good day The forecasted sells finally came after the predicted consolidation before news. I took the sells impulsively is it broke the key level and it began to rise up to my first target. Price continued t rise as the DXY fell and smashed through my target on to my second level (marked in red) .. i have a small...
Entry: $1835-$1840 Take Profit 1: $1810 Take Profit 2: $1800 Stop Loss: $1850 Enjoy our Free Analysis and Setups. Leave us a like and comment. For more scripts & analysis, follow us. Success trading!
As we approach Friday, it's clear that the impact of the US non-farm payroll data for February is significant. Powell's emphasis on accelerating interest rate hikes during his monetary policy testimony to the Senate on Tuesday resulted in a sharp decline in the price of gold. Powell reiterated his stance on Wednesday, stating that he would focus on economic data...
Gold has shown a double bottom near the 1809 level, suggesting a long position. Continue to go long, no need to say anything else, just enter the market directly. The downside support level is near 1802, so we will be long today with no other strategies. Get ready for a strong rally, as I am already prepared. Trading strategy: Go long on gold at 1809, stop...
The 1830 short position on gold has been closed for profit. What can we do now to maximize profits? Looking at the short-term trend, a death cross has formed on the 15-minute chart, and with continued weakness on the 15-minute chart, a death cross on the 30-minute chart is also about to form. Therefore, it makes sense to sell at this point. My personal trading...
In trading, we may have short-term profit goals, but long-term goals are built on the foundation of short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve steady and sustained profitability. After Powell's speech, gold continued its downward trend and hit a...
The long position for buying Gold 1809 has reached around 1821, with a profit of $12. Followers can choose to continue expanding their profits based on their risk tolerance since investment always involves risk. From the trend perspective, it is within expectations to continue to rise. The first resistance level above is still at 1833, which is also the...
Gold is currently testing the resistance in the range of 1820-1823. If it can break through the resistance, the price is expected to rise to around 1831. If it cannot break through, it is expected to fall below 1813. Based on the current trend, the probability of a direct upward breakthrough is not high. It is expected to rise and then fall back rapidly, just...