Hello guys, I hope you are doing great, let's go for the weekly gold view.
Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation.
Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the...
Although recently we saw a price rebound in EASYMARKETS:XAGUSD , still, the commodity remains below our 200-day EMA and a short-term downside resistance line drawn from the high of December 3rd. That said, in order to continue aiming lower, a break below the 22.51 hurdle, marked near the lows of December 13th and January 11th, would be needed. Until then, we will...
GOLD: Navigating Dollar Strength and Inflation Expectations
Gold continues to command attention as it holds firm above the $2030 mark, dancing with the dynamics of a resilient US Dollar and evolving economic indicators. In the wake of improved small business sentiment and a narrowing trade deficit, the precious metal finds itself at the crossroads of market...
The price retest and broke through they level 2050.
if the bulls hold the level, the price will continue to rice towards 2150.
I'look for a pullback to the rang zone. I think the price can go up. because it is gaining bullish momentum.because formed a rally at the end of last week and broke the resistance of the downtrend. my goal is the resistance and liquidity...
Gold consolidates buyers due to global crisis linked to another armed conflict. The metal is increasingly attracting capital as a hedging asset in times of crisis.
I think the outlook for a few weeks is predetermined. We should expect a retest of 2150 in the near future.
Reasons for further increases:
1) Armed conflict on the world's main trade artery near...
#AUJPY
UPDATE
Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #AUDJPY.
AUDJPY has done the change of character pattern in the HTF, also it take a bullish turn from the high probability order block. Here we can see that it is going up and following the bullish trend line. which confirm its...
#XAUUSD
UPDATE
Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #XAUUSD.
Traders, Anna is monitoring the Forex pair #XAUUSD.
Gold is in the uptrend and following the bullish trend line. Here we can see that a triple bottom pattern is formed and gold is going to retest...
From last 3 days gold is moving up and down. No clear direction because of geopolitical tensions in the Middle East. If you see few days candles then you will understand that its trying to break its main support and resistance. Gold has douched its main resistance of 2063 multiple times and same with its main support of 2016 . I still believe it will break ...
#EURCHF
UPDATE
Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #EURCHF.
Traders, Anna is monitoring the Forex pair #EURCHF.
EURCHF followed Anna's instructions and exactly go where we predicted earlier.
Here we had an other buying opportunity according to the LTF. As...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2058, which is an overlap resistance.
Our take profit will be at 2038,a a pullback support level. The stop loss will be placed at 2079 which is a swing high resistance level."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk...
FOREXCOM:XAUUSD closes the trading week above the opening, which is quite a positive sign, as the market has obvious reasons for the rally, which can continue up to 2150.
We are living in a time of a 30 year record number of armed conflicts with over 180 clashes. This is all affecting the market, including gold. A recent reason for gold's rally was the...
UMVD picked up Green/ Buyers in GOLD futures around the 29th. Prices have stopped falling and got support here. Lets see when the prices hit the resistance level marked. Watch for Red UMVD at that time
Gold (XAU/USD) is rising towards a pullback resistance and could potentially break above this level to rise towards our take-profit target.
Entry: 2,063.96
Why we like it:
There is a potential breakout level
Stop Loss: 2,039.48
Why we like it:
There is an overlap support level
Take Profit: 2,090.54
Why we like it:
There is a multi-swing-high resistance that...
– Previous Weekly candle closed Doji Bullish around 2049.100 forming weak Weekly Support around 2045.500, Friday Daily candle closed strong Bullish above recent Daily range, Rejecting recent Weekly Resistance.
– Buys on close above 2056.500 targeting Weekly Resistance formed on 1st January 2024 around 2063.100, Leaving Runners to the 1h Resistance formed on 2nd...
I'm closely monitoring the oil market, adopting a cautious stance as I await a compelling catalyst to drive oil prices upward. A potential factor on my radar is the increasing involvement of the UK and the US in the tensions between Israel and Palestine. If this geopolitical situation intensifies and draws in Iran to support Palestine, it could contribute to a...
We move past the US CPI and PPI releases and the market has become even more convinced that the Fed’s easing cycle starts in March, with a 25bp cut priced for every meeting from this starting point. Yield curves are steepening (the US 2’s 30s curve is no longer inverted), driven by the short-end where US 2-year Treasury yields fell for six straight days, losing...
Gold, or XAUUSD depending on which ticker you go by is playing around an interesting weekly level.
The 2,035 level has been touched four times since 2020.
August 2020: first touch and then sold off
July 2022: second touch and then had a stronger selloff
January 2023: third touch and then followed by a weaker selloff
November 2023: fourth touch and no...
Dear friends, today is Sunday, and tomorrow will usher in a new trading day. On Friday, gold took advantage of the influence of the geopolitical conflict situation and PPI data to rise to a maximum of around 2062, and even increased by a full $30 to around the market opening position of 2030. To be honest, this wave of gains was unexpected to me, and I did not...
