Gold (XAUUSD) is being rejected since Friday right at the top of the emerging Channel Down and that is a Lower High. Even though Gold has officially started a new long-term Bull Cycle, it doesn't mean that the market won't deliver medium-term corrections that are technically much needed in order to get the trend going. Quite the contrary, the current Bullish...
The price is currently forming a retracement towards the Day's supply zone. There's a chance for a buying retracement from the 4-hour zone, coinciding with the Daily zone. If an acceptable structure forms, with a breakout on a lower timeframe, it's worth attempting to trade it, with a stop loss at 2300 and take profit at previous highs.
XAU/USD is currently bearish for next 4 hours due to the strength of the US dollar, easing geopolitical tensions, and technical indicators showing downward momentum. Traders may consider shorting the currency pair with tight stop-loss orders to capitalize on the bearish trend. Entry 2348.56 SL 2351.30 Target 2335.67 #XAU/USD #daytrading #bearish #USDstrength...
This is the general setup for the week. I will try to trade this and get an entry in my trading channel. Take care.
LITTLE CORRECTION OF THE LAST SILVER TRADE ? IF YOU'RE INVESTOR OR HEDGE FUND PLS COLLAB
What goes up must come down, this move up was as expected it has cleared a lot of the early sellers stops, I expect price to use this liquidation to drop lower from 2371 to lows of 2306 and later on to 2200 for a proper correction. Use proper risk management
This is not Pullback Zone for XAUUSD so don't BUY. XAUSD Going to Sell. #XAUUSD #GOLD
FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end...
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Last Friday, as weak U.S. economic data supported the possibility of the Federal Reserve cutting interest rates, the price of gold rose sharply, once rising to 2,378. Investors are paying attention to Powell's speech this week, as well as CPI data. Gold's rise and fall are basically in place. On the one-hour line, bulls are firmly holding the key watershed of...
Based on the M30 chart analysis, we can see that the price has just bounced off our buy entry at 2347.33, which is an overlap support. Our take profit will be at 2363, which is an overlap resistance level. The stop loss will be placed at 2329, which is an overlap suport level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with two of top three outcomes highly detailed in proprietary trend maps from Sunday open through all of Tuesday. This data must be used with continuous updates to remain relevant until it is replaced. Using...
After analyzing the recent price behavior of gold, it appears that it may have completed wave 3 of a diagonal pattern in a zigzag form. This is followed by a diagonal pattern that could represent wave A, so we can see a recovery soon in the short term through wave B. The analysis shows that this pattern indicates pressure on prices that could lead to a decline...
Well hello, traders. Here is my view on the DXY daily chart. As you can see the price left the buy-side liquidity which formed as an equal high, and then respected to the 50% of bullish FVG which is internal range liquidity. In this condition usually, the price seeks to the external range liquidity. So the first scenario is bullish and I follow this scenario...
XAUUSD is falling toward the pivot that aligns with the 50% Fibonacci retracement and could potentially bounce off and rise toward an overlap resistance Alternatively, if price breaks below the pivot, it could continue to fall to another support level Pivot: 2330 Support: 2285 Resistance: 2377 Risk Warning: Trading Forex and CFDs carries a high level of...
Market Analysis PT2/2 (13th May 2024) XAUUSD Analysis On the daily timeframe, we have created a Change of Character to the upside at the 2352 level. Currently price is creating a pullback towards that key level. What i want to see is for price to come down lower towards the 2352 level before deciding whether to long or short. If price fails to create a 15...
Gold remains one of the most valuable and sought-after assets in the investment world. With a good understanding of the factors influencing gold prices, as well as careful technical analysis, investors can identify profitable investment opportunities in this dynamic gold market. However, like any investment, it is important to conduct thorough research and...