Preferred direction: BUY Comment: One of the most important events of this trading week is, of course, the RBA's interest rate decision and accompanying statements. At the moment, all previous sales have been closed, and strengthening against the US dollar is expected. Two scenarios are ready for your attention, and the first one is already in progress. We...
Gold is the favoured precious metal. Its demand reflects consumer consumption of jewellery, investment demand, and monetary policy conditions. In a previous paper , Mint Finance highlighted these factors in detail. Platinum is also a precious metal, used to create jewellery and to a small extent as a form of investment. Crucially, unlike gold (6% industrial...
Hi, dear friends, today just started the session, gold quickly discounted the price in accordance with our expectations. Up to now, gold is moving around the 2018 USD and losing $ 22 in just one day, a large number. Accordingly, the direction of gold in the short term will depend on the fluctuations of the dollar. Gold forecast will decrease this week. The dollar...
Today XAUUSD Setup | GOLD 06th of February 2024 01 : Around BUY 2020 TP 2025 - 2030 02 : Around SELL 2030 TP 2025 - 2020 03 : Around BUY 2010 TP 2015 - 2020 04 : Around SELL 2040 TP 2035 - 2030 05 : GOLD Broke 2030 - BUY Trade 2035 - 2040 06 : GOLD Fell below 2020 - SELL Trade TP 2015 - 2010 07 : GOLD Broke below 2040 - Buy Trade TP 2045 - 2050
💹 Forex Quick Check: #GBPUSD 📉 Trend: Consolidation Breakout 🚀 Action: LONG @ 1.25230 🎯 TP: 1.25978 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #GBPUSD. #GBPUSD will go up. The reason behind to this is that it was in a consolidation phase and now breakout toward downside. As we can see that there is s major suppport...
With US 10-year real rates pushing higher into 1.90% and rate cut expectations being priced out of the US interest rate and swap curve, and with the USD breaking out, gold longs should be enthused by the yellow metals inability to roll over and head into $2000. The ability to absorb several traditional negative catalysts suggests there are big counterweights in...
Gold prices fell on Monday, pressured by rising US Treasury yields and a stronger US dollar, following a series of solid US economic data, including January nonfarm payrolls and ISM Services PMI. Comments from Federal Reserve policymakers that an interest rate cut in March was unlikely also contributed to the decline in bullion prices. From a technical...
The chart is an effort to plot Bitcoin and Gold in a ratio to figure out potentially where we are. The upper band (red) is where it becomes quite risky to hold bitcoin instead of gold. Mind you this does not mean gold will give better returns but means if Bitcoin goes through a correction, Gold will likely hold stronger. The green band is where Bitcoin becomes...
– Monday Daily candle closed Bearish respecting Daily Resistance formed on Friday 2nd February around 2055s. I’ll be looking for potential Buys above 2029.700 targeting recent 1h Resistance (2038.100) and previous Weekly Support formed last month January at (2045.500). I’ll be looking for potential Sells below 2016.100 targeting recent 4h Support (2009.100)...
Waiting for a Pullback onto the OTE Area, which also includes an FVG.
Good evening gold gang! wow we really smashed it today with a little help from the news .. gold gang members know what im talking about hah Range is messy at the moment ... DXY is rocketing up but gold is pretty much ranged out not doing a whole lot We need a break out in order to determine direction .. lets wait! Algo bounces are great if you see the...
OANDA:XAUUSD A short position can be taken on the specified levels There is no position before reaching the surface
FOREXCOM:XAUUSD has been losing ground since the opening of the session on the negative fundamental background, which has persisted since last week. The price continues trading inside the range. On the high timeframe the price is declining towards the ascending support line, most likely this area will be tested in the near future. But, as this support plays a...
GOLD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GOLD Entry Level - 2039.7 Sl - 2050.3 Tp - 2020.2 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
After price has been breaking higher highs and respecting higher lows on higher timeframe, it was evident that price was in a bullish trend. Price has just recently retraced and mitigated a higher timeframe demand, and zooming down to our 4h timeframe, we see that price gave us a shift in market structure for bearish to bullish trend. Price has just now tapped a...
Hey Everyone, Fantastic start to the week!! We got the Bullish target at 2040 weighted level on market open. Ema5 failed to cross above 2040 confirming the rejection into the retracement range. Ema5 crossed and locked below the retracement range opening the swing range, which was also hit perfectly followed with the perfect swing, as highlighted on the chart...
In yesterday's post, I mentioned that the gold price increase on Monday will continue Friday's decline. Because of Powell's hawkish speech. Gold fell directly when it corrected to 2042, hit 2014, and then corrected to around 2026. Tomorrow I think gold will test the 2028-2032 range upwards and then continue to fall. So I give the following trading...
Preferred direction: SELL Comment: After a short-term successful growth, longs for gold were also fixed and now, like for the main currency pairs, we expect a fall. Here everything is a little simpler and the main idea is to update local maxima as well. The first scenario assumes an approximate reversal at the level of 2070 , and the second - at the level...