My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 27.890 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 28.558 About Used Indicators: On the subsequent day,...
GOLD now has a bullish impulse that made it cross the 1800 resistance mark ! Will it go further and breakout from the handle and move higher up? The target seems to be 2,500 based on the depth of the cup. Let me know what you think?
Emergency situations As Iran launches a large number of missiles and drones towards Israel, risk aversion has increased, and gold will jump $50 higher at the opening tomorrow. 1. Federal Reserve-Goolsby: If the PCE expands again, the Fed will stabilize prices. Schmid: There is reason to think that interest rates will remain high for a long time. Bostic: The...
By examining the gold chart in the 30-minute time frame, we can see that the price started to grow from the demand range of $2326 to $2333 and is currently trading in the range of $2341! Pay attention that at this moment gold has entered a supply range and because of this it has faced a negative reaction, but there are a series of attractive ranges for trading...
following last year prediction, xauusd is really near 2500 as predicted by adding wave 3 now the size match trend lines, i think this will do a short-term sharp retrace for wave 4 followed by short term wave 5 probably ending diagonal, than will start a bigger wave 4 wich will be more complex on the way to fish long term wave 5, than... "The" long term retrace
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 2364.7, which is an overlap resistance. Our take profit will be at 2327, a swing low support level. The stop loss will be placed at 2390.99, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Hello dear friends! In general, last week gold experienced quite strong fluctuations affecting gold and currency pairs. Let's discuss and strategize for the new day with me. From now until the end of the week, there will basically not be as much important information as last week. From the 1-day chart, it can be seen that at the close of the candle last Friday...
There is no doubt that Gold (XAUUSD) has entered a new Bull Cycle after last month's bullish break-out. Last week though it closed its 1W candle almost on a Doji which can potentially be a trend reversal, at least on the short-term. As you can see on this 1W chart, which displays the similarities between the previous Cycle and the current, such 1W candles have...
Gold prices are surging amidst escalating tensions in the Middle East, following Iran's recent attack on Israel. Surprisingly, the US dollar remains steady, as market sentiment is relatively calm despite the geopolitical strains. Gold could see further support ahead of the upcoming U.S. retail sales data. The initial target is today's high of $2,373, with the...
Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold falls back below $2,350, it will head towards the nearest support,...
With gold reaching many consecutive price records, the current investor situation is as follows : Net-short exposure to yen futures rose to a 16-year high among large speculators Large speculators increased long gold exposure by 15.7% (+10.1k contracts) and reduced shorts by -7.1% (-8.4k contracts), whereas asset managers are on the cusp of flipping to net-long...
Hello all dear friends! Overall, gold experienced a significant price increase yesterday surpassing the $2,355 level. It is currently trading at a new high of $2,388 at the time of writing, experiencing significant gains of tens of dollars on the day. Do you wonder why gold increased so strongly? Regarding international market information: In the context of...
XAUUSD has reacted off the pivot that lines up with the 78.6% Fibonacci projection and the 161.8% Fibonacci extension and could fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level which is lines up with the 100% Fibonacci projection Pivot: 2394 Support: 2365 Resistance: 2417 Risk...
XAUUSD has reacted off the pivot that aligns with the 38.2% Fibonacci retracement and could fall to a multi-siwng low support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2362.84 Support: 2326.19 Resistance:2404 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
A stronger US dollar and fewer worries about inflation caused gold to retreat after hitting a record of 2431. Market volatility is caused by geopolitical tensions between Iran and Israel, which initially increases demand for safe havens. Fed officials' remarks that strengthen the US dollar work against the price of gold. Fed rate cut bets and bullish USD seem to...
Hey everyone! Quick update: Gold was on a wild ride yesterday, dropping to $2,330 and then surging up to $2,392, netting a cool $62 gain in no time. That’s some solid proof that gold's still got its mojo despite all the market madness. With U.S. inflation heating up, it looks like the Fed might hold off on any big monetary moves, which only strengthens gold’s...
Market Analysis PT1/2 (15th April 2024) XAUUSD Analysis On the 15 minute Timeframe, Price broke above the 15 minute lower High, creating a Change of Character. To Confirm a bullish Bias, i would want to see another Bullish BOS to continue buying gold all the way to the ATH. However, if price fails to do so and ends up breaking the 4 hour Bullish OB, then...
Dear friends, tomorrow will start a new week of trading journey! Let’s first summarize this week’s trading results. Personally, my overall profit this week was over $68K, which I feel is a very good trading result. Although I occasionally suffered losses in this week's transactions, I was able to seize 95% of the trading opportunities and successfully make...