XAUUSD has reacted off the pivot and could fall to an overlap support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level close to the 78.6% Fibonacci retracement. Pivot: 2386.91 Support: 2364.44 Resistance: 2404.39 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
Finally entered shorts on XAU, as I have been watching the price action's failure to break above $2398 resistance. Hard to shoot for anything long term as the Iranian unfolds. My targets are around $2260-$2280 area of demand with the stops right above the wick of the supply. Happy trading!
Gold prices are currently wrestling with the $2,400 mark at the start of Wednesday, following a quiet close the previous day. The precious metal is making another bid to reclaim the $2,400 threshold as the U.S. dollar weakens slightly due to a dip in Treasury yields, all while anticipating a new lineup of speakers from the Federal Reserve. Gold remains at a...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 18 April 2024 Trade Idea 1 SELL LIMIT Order: $2375.19 Stop Loss: $2395.89 Take Profit 1: $2354.73 Take Profit 2: $2343.60 Trade Idea 2 SELL LIMIT Order: $2380.01 Stop Loss: $2395.89 Take Profit 1:...
Gold hovers around the $2,370, with trading range relatively narrow as investors closely monitor updates on the Iran-Israel conflict. Israel's stance on retaliating against Iran revolves not around whether but when and how to strike back. Bezalel Smotrich, Israel's Finance Minister, advocates for a response that would impose a "disproportionate toll" on Iran,...
HELLO TRADERS.. As i can see gold has break strong resistance level which is now turn in to a support zone and also tested 61.8 Golden Fibo level on Monthly TF we can see fundamentally issue around the world is signing to investors and big boys are moving to safe haven so load ur bags for this new bull run friends its just and trade idea do a proper analysis...
By checking the gold chart in the 1-hour time frame, we can see that based on the previous analysis, the price reacted to the specified supply levels and is currently trading in the range of $2381! Note that the price has attractive ranges in front of it to fall towards them (to collect liquidity)! These levels are $2363, $2339 and $2320 respectively! The...
Hello traders,, what do you think about gold please leave your comment..? We're focusing on gold prices within a channel. The upper boundary of the channel is marked by the resistance level at 2431, while the lower boundary is supported by the level at 2216. In this analysis, we're using a 4-hour chart pattern. - Channel Breakout Strategy: - If the market...
The recent economic landscape has painted a fascinating picture for precious metals. Gold has emerged as a champion for investors in economies with developing currencies, like the Turkish Lira (TRY), Indian Rupee (INR), and Chinese Yuan (CNY). Conversely, silver seems to be finding favor as a store of value in more established economies with mature currencies,...
Hey Everyone, Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly. We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection. We will need to see ema5 lock above this level to see a continuation...
FX:XAUUSD is trading exclusively in a bull market. Quick and temporary reactions to the news are quickly exhausted and buyers regain the upper hand on the metal's price. Yesterday the price made another retest of the support at 2330, which has the status of an intermediate bottom. This area held the price and after that the market returned to its true...
Dear friends, gold has rebounded to a high of around 2394 in the short term, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading near 2388, so does gold still have the strength to conquer 2400 or even higher? Although gold has stopped below the 2400 position many...
Western countries plan to quickly impose new sanctions on Iran to help dissuade Israel from a major escalation. Israel's war cabinet postponed until Wednesday a third meeting to discuss how to respond to Iran's first-ever direct attack, anticipating another expansion of the conflict. There is little data in the United States today. You need to continue to pay...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
FX:XAUUSD is showing strength as a hedge asset. The price continues to indicate to us that it intends to go even higher. The market is cleaned up after the shakeout and the big player continues to play his game. (Idea from Apr.16: GOLD → There's no limit to the bulls' activity. Support retest) Bulls form another intermediate bottom at 2365, building a limit...
Dear friends, gold’s short-term rebound has reached a maximum of around 2394, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading around 2381, so does gold still have room to conquer 2400 or even higher? Although gold has stopped below the 2400 level many times in...
I recommend you to buy XAUUSD at these levels as you cn see we have a good set up also have a nice pull back on support level
International news: 1. Fed Barkin: The latest inflation data does not enhance people’s confidence that the downward trend in inflation is spreading in the economy, which means that market players feel that the economy is relatively sluggish; 2. EUR/USD fell back below 1.07 for the first time since mid-February, falling 0.39% on the day; 3. EIA Natural Gas...