🔸Hello traders, let's review 2days/candle gold price chart today. Strong gains recently after breakout of the ATH, currently trading near ATH at 2337 usd. Having said that, based on the price action structure, I expect an interim market-top at neat 2370/2390 usd and a subsequent correction/pullback. 🔸Price structure contained within bullish channel since 2020,...
The number of non-farm payrolls in the United States increased by 303,000 in March, far exceeding expectations. The number of new jobs in the United States in January and February was revised upward by 22,000. Although the overall number is bullish for the US dollar and negative for gold, it has not actually changed the strength of gold's rise. . The current...
After a huge bull run in XAUUSD, opening with gap, fill to gap and false breakout above rising flag is random movements that can be sings of trend weakness. So, i think can see bearish trend in lower timeframe after this moves. Trade safe. Good luck.
Last week, gold continued to rise on Monday, Tuesday, and Wednesday, constantly setting new highs, soaring by dozens of points every day. Only on Thursday did gold press the pause button, and the market was counting on Friday's non-agricultural data to repair gold's upside. . Things are not going as expected. Although non-agricultural data and unemployment...
Ralph Benjamin hello everyone! Currently, we are continuing to see the continuous upward momentum of XAUUSD, which has reached the level of 2330 USD and is expected to soon reach a new profit-taking mark of 2514 USD as previously predicted. On the price chart, a bullish trend line has formed with support from the 34 and 89 EMA, showing the potential for XAUUSD...
Hi, 1PERCENT here. Silver head a "huge" weekly candle close this week with +10% which is a pretty big move for such an asset. It broke through a resistance zone that it was unable to break since it lost the price zone in July 2021. Now that it broke the descending trendline that started in 2011(!) & that 3 year resistance zone, I believe we are going to have...
Gold has tapped into our POI for sells and so far rejecting. Let's see if this huge move can play out! I've been buying XAUUSD since prices been at early $1,600's. Is it time for a reversal? It's not impossible. Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which...
I have been buying Gold since price has been at $1,600's. Is it time for a reversal? It's not impossible. Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which can put an end to Gold's rally. Let's see what happens. I'll be looking to hedge my buy positions with sells.
Silver a completed a nice bullish ascending triangle WIll this follow Gold to all time high Targets on chart $34
Silver is moving REALLY SMOOTH & easy to understand in terms of market structure. We saw market create its first impulse move to the upside in October 2022 (similar to Gold), which was then followed by a downside correction from January this year. Silver didn't go below its last major low & last week created a bullish engulfing candle on the weekly TF, showing...
Hi everyone ! After many years I'm back :) And After a wild week for gold, it is still impossible to guess its trend with certainty! But after the publication of employment statistics and the unemployment rate of the United States, strengthening the dollar next week is not far from expected. This will help the trend of gold and perhaps its correction...
Let's start off the new week by updating you on our silver buy position, which was posted live for you all. Last week Silver moved an enormous 2,550 PIPS (10.30%) after a whole year of consolidating. This huge bullish move broke above the consolidation price action, indicating further upside is coming. Our buy position is now running 36% in profit!
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) Signal For 08 April 2024 Trade Idea 1 BUY LIMIT Order: $2299.15 Stop Loss: $2267.53 Take Profit 1: $2330.53 Take Profit 2: $2347.59 Trade Idea 2 BUY LIMIT Order: $2291.75 Stop Loss: $2267.53 Take Profit 1:...
Dear friends, overall this week's trading situation is not very good, but it is not terrible either. Because my expectations for NFP were too high, I failed in the transaction, resulting in a significant reduction in our profits this week, with a net profit of $35K this week. No matter what, we can only bring our experience and lessons to strive for better results...
I take the first step of the sell position on the gold chart at this point. I will enter the second step at 2330. My first target is 2190.
Strong buy... Silver equivalent sales up circa 25% the decline in earnings has bottomed and FRES is now coming out the other side with the potential of some serious cash accruals.
The potential for a significant TVC:SILVER surge in the coming years is truly mind-boggling. Observing a massive accumulation pattern. Thoughts?
Here on gold the price has been strengthen which means that more buyers are taking control so is like to continue going up for this coming but going to make a pullback so it very important to go for long with caution and use money management.