Hey Everyone, Another Piptastic day with our chart idea completed with our final target at 2364 HIT. Once again you can see how well our levels were respected in a range where no one has any existing levels to go by, but our averaged levels are being respected to perfection like magic!!! After yesterdays rejection into 2324, where price found support, as...
Gold is forming a massive cup and handle on the weekly chart. In this chart you will find some interesting support and resistances, as well with the timing.
Gold bottomed out yesterday and rebounded, and the daily line continued to rise. However, there are two points to note: 1. The price has not deviated from the short-term moving average, which is not enough for a short-term high. 2. It is still bottoming out and rising, and it is a continuation cycle. It is the same as the upward trend. It has a strong rhythm. It...
Today’s gold trading conditions are as follows: 1.Xauusd:@2358-2360 Sell, TP:2347 Profit: + $6618 2.Xauusd:@2364-2366 Sell, TP:2347 Profit: + $8615 3.Xauusd:@2338-2340 Sell, SL:2347 Loss: - $3973 The trading profit so far today is: $11,260. Gold hit a new high today again, hitting a maximum of around 2,365. Gold still maintains a strong upward trend. But in...
US NONFARM PAYROLLS – OANDA:XAUUSD - The U.S. dollar and gold prices will be very sensitive to the upcoming U.S. jobs report - Market expectations suggest the U.S. economy created 200,000 payrolls in March - Strong job growth should be positive for the U.S. dollar but bearish for gold prices OANDA:XAUUSD corrected as the US Dollar recovered due to hawkish...
Gold's price movement is nearing the completion of another bullish leg, in the range of $45-$50. With this achievement, we might be on the cusp of a pullback and correction phase. It's a good time to manage your buy positions strategically and potentially leverage this cycle to secure more profits. Stay alert to the shifts in the market!
Hello,Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2263.314 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
My dear subscribers, GOLD looks like it will make a good move, and here are the details: The market is trading on 2330.1 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable V continuation. Target - 2310.9 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the...
I did tell you all nearly 2 weeks ago I'm expecting Silver to carry on shooting up long term. Unlike Gold I'm not expecting any major correction soon, so now would still be a good chance to DCA & buy into Silver. Hold for the long term🦾
By checking the Nasdaq index chart in the 4-hour time frame, we can see that the price started to move exactly as we expected and it grew with more than 330 pips of yield to the range of the previous supply zone! After entering the supply range of 18360 again, the price faced a heavy drop and corrected to the demand range of 17800 to 17970! Now the price is...
If this divergence plays out (high prob.) , the price will be bearish in short term. Not financial advice.
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago started to trades in a wedge, where it first rebounded from the support line and made impulse up to the resistance line, breaking the 2145 support level, which coincided with the buyer zone. After this, the price rebounded from the...
Gold continuing to make new highs, as it begins traveling to some of our bigger measured move targets. On the way to those bigger targets, it has formed this smaller timeframe bull flag which it is now appearing to break up from which has a breakout target of $2347.*not financial advice*
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2338.077. The above observations make me that the market will inevitably achieve 2383.592 level. P.S The term oversold refers to a condition where an asset has...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run following the Fed's dovish outlook. Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted...
Many analysts have spotted the cup and handle pattern made by Gold ( OANDA:XAUUSD ). However, the handle pattern looks as if it's morphed into an inverse head and shoulders pattern. If correct then bulls will have to wait well over a year for a breakout. Let's see.
OANDA:XAUUSD market continues its unstoppable trend, hitting a record high and up nearly 5% from last Friday. Gold prices continue to benefit from escalating geopolitical tensions, although the US March jobs report lent support to the USD. Gold prices reached a new high despite strong US nonfarm payrolls data. The report showed an increase of 303,000 jobs in...
Here is my latest structure analysis and important key levels to watch on Gold. Resistance 1: 2350 - 2357 area Resistance 2: 2390 - 2405 area Support 1: 2300 - 2305 area Support 2: 2250 - 2280 area Support 3: 2194 - 2222 area Support 4: 2145 - 2155 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️