Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. We would also consider the current bearish momentum on Gold and indices since AUDUSD have a positive...
🔸Let's review 8 hours chart for GBPNZD today. speculative buy/hold setup for GBPNZD bulls, accumulation in range. short-term expecting pullback from overhead resistance, shorting from resistance is a higher risk setup (bears), however focus on buy/hold for excellent risk/reward. 🔸GBPNZD 8 hours is a confirmed bullish IHS setup, with LS/RS/HEAD of the...
Hello traders! The Xau/Usd pair is still consolidating for the move. You have to wait for the breaks. Target Buy: 2195.90. Target Sell: 2120.800. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Hello traders! As we can see, the duo has created a "triangle pattern". In my opinion, the price will go to the level of 1.0880, where this level will bring a move to sell at the level of 1.0840. Target 1.0930. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Hello,Friends! Previous week’s red candle means that for us the GOLD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2163.729. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2157.989. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2173.845 level. P.S Please, note...
gold price are going sideway correction above 2150 support but below white trend line before big news fed fomc
GBPUSD is currently at the pivot that is close to 61.8% Fibonacci retracement and could potentially fall to the support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2160 Support: 2146 Resistance: 2175 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
Greetings, friends! Curious about the golden gleam of the markets? Let's delve into the world of gold together! Yesterday, gold prices serenely glided through the day, unaffected by any major market waves in the absence of noteworthy news, with today's price cradling around $2160, signaling a soft resurgence. The $2145 mark stands firm as a pillar of support for...
– Tuesday Daily candle closed weak Bearish around 2157.600 as price rejects the previous Daily Low, I’ll be looking for potential Buys above 2163.000 targeting 4h Resistance around 2169.500 and next 4h Resistance around 2175.000, I’ll be looking for potential Sells below 2151.300 targeting 1h Strong Support around 2144.300 and 30min Previous Strong Resistance...
Dear friends, gold has rebounded again after hitting 2148 in the short term. Gold is currently trading near 2154. Judging from the current gold trend pattern, the bullish momentum of gold has not been exhausted yet, and gold is expected to continue its rebound. However, the technical pressure above is relatively strong.So gold is relatively in shock. In fact,...
FX:XAUUSD is being held very tightly within the downward correction channel. The fundamental background on the market is weak, at this time the dollar is growing, which in general negatively affects the price of metal. Set-up on H4 shows us a strong resistance on the market. In general, this is due to the negative fundamental factor because of the economic...
Hey Everyone, And another repeat of yesterday with our levels being respected to perfection. We had another drop into the retracement range and once again, as stated for the perfect bounce into 2155 Goldturn and now once again heading towards 2166 Goldturn gap. We just need to keep in mind a failure to break into the 2166 level will likely see the 2147...
HELLO TRADERS As I can see gold is going to drop more till design levels on FOMC and US Interest rates ahead we are expecting more Strength in $ and technically if we see a view on this chart Gold is in downtrend and after a all-time high with overbought conditions it is trading under the upper trend line as soon as it will break triangle zone it will drop more...
Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable. However, with gold being priced in US dollars, all eyes are on the Federal...
We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 26rd we shared a weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range. As you can see today, silver bounced from the lower triangle line and it’s back to the upper side...
Gold prompts short selling at 2162, and is now falling as expected. The four-hour gold line is still in a short position, and there is almost no support below. A plunge is inevitable. The highs continue to fall. It is an obvious short position, and the moving average is also running downward. The K-line is suppressed. We continue to see a plunge. Trading...