Gold has entered a bearish consolidation phase following the release of a robust Nonfarm Payrolls (NFP) report, which revealed that the US economy created significantly more jobs than anticipated in May. This unexpected job growth has prompted investors to reconsider their expectations for a September interest rate cut by the Federal Reserve (Fed). Consequently,...
Upon examining the monthly gold chart, it appears there could be a significant price drop, a secondary scenario in our analysis. We don't foresee a 50% decrease in the near future, though it's not impossible, especially if the market downturn affects all sectors, including gold. It's crucial to consider all possibilities due to market unpredictability, even a drop...
Gold remains bullish and is currently in a correction phase before the next movement to a new all-time high target. Gold is currently in an uptrend channel on the daily timeframe with possible retest of the down channel area at 2250 before the next uprise to the upper channel at 2550-2600.
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Hey Everyone, Great start to the week with a perfect continuation of our 4H chart idea that we have been tracking. Last update price was testing the swing range and we were expecting a reaction in this range. - This played out perfectly with the perfect swing action straight into 2313 completing the gap and swing. We will now wait for ema5 to lock above...
Price action analysis for Gold. Key levels & potential scenarios. Trading recommendations. Trading plan explained. ❤️Please, support this video with like and comment!❤️
Now that our 'sell stop' at $2,290 has been activated by breaking downside structure, I have now placed the 'invalidation zone' at $2,434. Being patient & playing the long game. A nice 3,200 PIPS profit (14% ROI) opportunity in front of us😍 Not recommended for anyone with a small account, who cannot handle drawdown.
GOLD is changing the trading plane and is currently weaker than the market. The price within the correction confirms the previously broken support (now resistance) And bumps into the strong zone of 2359. The price is heading to 2332 on the background of the dollar growth. The fall may continue after the news, which may also indicate support for the dollar. The...
Today is the first trading day after gold fell $100 in a single day. After the sharp drop on Friday, the bearish atmosphere of gold is quite strong. Today, gold rebounded after reaching the position of 2287, and encountered resistance near the position of 2298 several times. Relatively speaking, the rebound strength is weak. In general, gold is consolidating...
My dear friends, My technical analysis for GOLD is below: The market is trading on 2294.0 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2331.3 Recommended Stop Loss - 2271.6 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used...
Hello Traders, Skyboxpips here! Gold formed an Head and Shoulders pattern on the daily timeframe. Expecting price to buy before falling. Will continue to monitor Gold behavior
By analyzing the #gold chart in the 2-hour time frame, we can see that the price has finally dropped below the $2,300 level and reached the demand zone at $2,288. As you can see, the initial reaction to this level has been positive. Only if the price stabilizes above the $2,277 to $2,288 range can we expect further short-term growth in gold. With the significant...
M Formation seems to be forming on Implats as well Anglo AMerican PLats. Platinum is showing downside to come and so it will bring down the companies with it. We just need to wait for the breakout to the downside for extra conformation. Price<20 Price>200 Target R53.22
Hi folks today I'm prepared for you Gold analytics. If we look a the chart we can see how the price rebounded from the trend line and made a strong impulse up to the resistance level, thereby breaking the 2290 support level and even soon XAU broke the resistance level too and rose higher resistance zone. But then the price turned around and made a correction...
THE KOG REPORT: I last week’s KOG report we said we would be watching that 2340 extension level for a move upside in the early part of the week, and if achieved we would be looking to short the market back down initially into the 2310 level which is where we felt the RIP will come from. We had a little stretch into 2355 but got the move we wanted for the trade...
Technical Analysis with fundamentally The price has followed its bearish trend, reaching our target of 2290 The price will touch 2302 and then will consolidate between 2302 and 2292 till breaking Bearish Scenario: The price may correct to 2302. If it remains below this level, it will drop to 2292. A break below 2292 could lead to a further decline towards...
The current analysis suggests a bullish trend for OANDA:XAUUSD . A retest of the pivot line at 2294 is expected. If the price holds above this level, it is projected to rise first to 2306. Stabilizing above 2306 could lead to further upward movement towards the 2322 and 2333 zones. However, if the price fails to hold above 2294, it may decline to 2281 and...
Hi friends. Today gold. Very intresting situation on a market now. We have big bearish accumulation zone: 2287 - 2440. And now price will falling to 2252 on my opinion. Volume analys based on my author indicators. Levels thanks to X-Lines script.