The gold price chart from June 22, 2024, provides a clear snapshot of the recent price movements and potential future trends based on technical analysis: Current Situation: Price Level: As of today, gold is trading near the $2,321.88 level. Recent Movement: Gold experienced a sharp rise followed by a significant drop, indicating a high level of...
Hello everyone, yesterday marked another challenging session for the gold market as it hit the day's lowest point. At the time of writing, gold has declined by more than $38 (equivalent to 1.62%) compared to the previous session, mirroring the significant drop seen in the last Fridays of previous weeks. From a technical perspective, gold has resumed its descent...
XAUUSD just completed wave 2 (Red) = meant long way to go down. As price unable to break 1)Nearest Daily Supply Zone/ Order Block 2)Pitchfork channel line (Red) with running flat wxy (blue circled) pattern.
Despite the increase in the US Dollar and US Bond Yields, spot gold prices still increased by nearly 32 USD in yesterday's trading day, currently reported at about 2,360 USD/ounce. Data released by the US on Thursday showed that the number of initial applications for unemployment benefits in the US in the week to June 15 was 238,000, compared to the previous...
I am still bullish on gold up to 2357-2360 level which is my bullish target THEN I will be looking for sell positions at 2360. My stops will be above 2376 and my overall take profit will be at 2257. Always use proper risk management.
Technical Analysis: Gold As noted yesterday, the price pushed up from 2323 and reached our target of 2344. Current Outlook: The trend appears bullish for today, with the price stabilizing above 2323 and 2327. As long as it remains above 2323, it is expected to reach 2354 and 2357. Bullish Scenario: - As long as the price trades above 2323 and 2327, the...
Technical Analysis: US30 The US30 index retested the 38,790 level and then surged approximately 150 points, continuing its upward momentum toward the 39,050 level. Bullish Scenario: As long as the price trades above 38,790, it will likely push up to 39,050. Bearish Scenario: If the price breaks below the support levels at 38,790 and 38,760, it could...
Technical Analysis: Gold The price has risen from 2323, as mentioned yesterday, and has successfully reached our target of 2357. Current Outlook: The trend remains bullish today, with the price stabilizing above 2357 and 2362. As long as it stays above these levels, it is expected to reach 2377 and 2386. Bullish Scenario: As long as the price trades...
USD/JPY has been trading close to the 159.00 mark early this Friday, sitting below its highest level since April. Japan's verbal intervention has provided a cushion for the yen amid the Bank of Japan's uncertainty regarding interest rate hikes and mixed national CPI data. Meanwhile, the U.S. dollar's recovery is pacing slowly ahead of crucial PMI data. From a...
Today will be announced the number of applications for unemployment benefits. This index will tell us how the current economic situation is affected by the Fed's policy on interest rates. If these indexes decrease, it will tell us that the Fed's recent policies have not had a large impact on the economic situation, which will create conditions for the Fed to...
Gold experienced a decline on Tuesday as investors shifted their focus towards riskier assets, reducing the demand for the traditionally safe-haven metal. Adding to the market dynamics, a survey published by the World Gold Council on Tuesday revealed that central banks now account for about a quarter of total gold purchases. The survey suggests that demand from...
it could take an extension but still its looking that there could be sell from that zone
Hello Traders ! The Gold price failed to break the support level (2303 - 2277). Yesterday, The market broke the resistance line ! So, I expect a bullish move🚀 __________ TARGET: 2375.600🎯
XAUUSD. Previous expanding triangle idea on 12/June/24 most likely will work. Cycle High due on next week. Checking from next week US News Calendar, Not sure which one will cause the massive sell off in gold.
SELL gold now it is reached the final target news 80 % good for $
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAGUSD has been overall bullish, trading within the rising wedge in blue. Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting the previous major high marked in green. 🏹 Thus, the...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 2350, which is a pullback support. Our take profit will be at 2369, which is a pullback resistance level close to 78.6% FIbo retracement The stop loss will be placed at 2337, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin...