The price of gold (XAU/USD) is showing a slight upward trend for the second day in a row on Friday. However, there is a lack of strong bullish sentiment, and it is still below the important psychological level of $2,000 during the Asian session. Investors are currently staying on the sidelines and eagerly awaiting the release of the monthly employment data from...
actually, i did a short on gold last week but i was longed out, funny right?, so i checked for what the reason could be, so i saw this, but i would not know if i am right on this, so this is not a financial advice????????
The price of gold is being supported by economic troubles and a weaker US Dollar. Concerns about a global economic downturn are affecting investor sentiment, leading to a generally weaker tone in the stock markets. Additionally, the demand for the US Dollar is subdued, which is also contributing to the support for gold as a safe-haven asset. The USD Index, which...
Gold prices remained just above their lowest level in three months on Wednesday, as they suffered significant losses in the previous session due to traders shifting their focus to the dollar in anticipation of further information on U.S. interest rates. Later in the day, Federal Reserve Chair Jerome Powell is scheduled to testify before Congress, which could...
The Federal Reserve's unclear direction regarding interest rate increases has resulted in limited price movement in the market. Congress is closely monitoring this situation. So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday....
We Can See That The Market Is In A Range, But After This Week is Finished The Price Will Start Its Move By Begining With The False Move Which Is a False Break out To The Up Side Taken Out The Buy Stops Then Go Lower For The Sell Side Liquidity.
From Risk to Reward Ratio Point of View, it is more favorable for the bulls to go for long position after the hammer price action was successfully formed at the support area of the parallel channel. Take profit at two levels: TP1: 1950.2 TP2: 1951.7 SL when the price closes below 1944.9
Release the beast my friends!!! Let's say #GOLD is 2000+ now
OANDA:XAUUSD The chart shows a reversal in SPOT GOLD since July 13th and the latest round of CPI/PPI data showing the continued onslaught of inflation. Gold is rising while the dollar strength is dropping as per the DXY index. This all makes sense at least to your average person who is not an economist. That said, XAUUSD has a bullish bias as a hedge against...
Gold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much...
OANDA:XAUUSD Has broken the bearish trendline. At this point am expecting the price to go higher towards 1830 - 1850 level. Use proper money management
In my opinion the position of the gold price at the moment is in the ideal area of wave 4 impulse as part of the bigger wave V. The risk is below 1617.75. If the price maintains above the level of 1617.75, it is possible to reach new highs as the target of wave V.
Gold Weekly Chart Gold had a long-term uptrend (for 2 years) and the medium-term downward adjustment (for 8 months). From this price range, I make my forecast - "Gold" will create the bottom then go up. Nice price for us to BUY and Hold is 1678. If the price does not collapse strongly or decisively through this price range, the above forecasts will not...
Break in resistance towards downward trendline. Countrend trade
With an overall bullish trend, this looks like a good opportunity to buy some gold !! This juicy pullback to the 4h trendline looks like a good entry point. It has been pulling back to the 50% fib level after every swing up on the hourly chart, and is at the 50% level now. Good luck :)
this zone is fibonacci cluster of 38% ret and 100% exp trend is still bullish, divergence target in daily timeframe is completed long xauusd without any hesitation