🔰 Pair Name : GOLD/ XAUUSD 🔰 Time Frame : HOUR/DAILY 🔰 Scale Type : MID/LONG SCALE 🔰 Direction: LONG/BUY Technical View 📈: Gold has recently broken a significant downtrend, indicating a potential trend reversal. 🔄 Currently, it appears to be undergoing a final retest on the daily supply zone, which has been breached. This suggests that the price may be headed...
OANDA:XAUUSD amid FOMC speech realizes accumulated flag potential and strengthens, aiming for flat resistance, where it is at the moment Published today: 12:30 GMT Core Durable Goods Orders (downgrade) 12:30 GMT GDP (QoQ) (improving) 12:30 GMT Initial Jobless Claims (?) 14:00 GMT Pending Home Sales (improving) Overall there may be positive news for the...
Please, check our technical outlook for GC1!. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1977.1. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1988.0 level. P.S Overbought describes a...
Hi all. SCRTUSDT is a global downtrend, locally it works in an uptrend, when the blue trend line is broken/retested, the trend changes to an uptrend. Marked targets and levels on the chart.
Looking at the 4h timeframe we can see this same level charted on the daily continues to be respected. again this is significant because it is a point of reversal for the higher timeframes which will allow us to pay attention to when doing lower time frame anaylsis. In a case like this, should the current 4h candle fail to close above this, I will be looking to...
Looking at the daily timeframe we have had our push up for the day and are at a very critical level where we have seen price reject on the daily timeframe 26 (yes twenty six) times in the past. This is significant because it means there is a high probability of price rejecting this level and moving down, however, should we see price close above this level it...
The gold price (XAU/USD) is on the rise as investors anticipate the Federal Reserve (Fed) will raise interest rates by 25 basis points (bps) to the 5.25%-5.50% range. However, market participants are hopeful that this rate hike in July will be the last one for the year, leading to a pause in the current tightening cycle. This sentiment is bolstered by easing...
By analyzing gold in the 4-hour time frame, we can see that the price was falling until the end of Friday, and the price Low was recorded at $1956 and the price High recorded as $1987 ! Now the price is supported in the demand level of $1957 and it is likely to start its next upward movement from this range! I expect that by tomorrow the price will once again...
By re-examining gold, we can see that after it grew up to $1967, it faced price correction again, and after entering Institutional Support in the range of $1948 to $1956, it was accompanied by support and demand again, and it is currently trading in the range of $1962! Note that based on the previous analysis, if the price is supported in this range and fixed...
Hello,Friends! Previous week’s green candle means that for us the SILVER pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 23.472. ✅LIKE AND COMMENT MY IDEAS✅
2023.7.27 gold breaks against the upper limit Hello, I'm Older Duan. Today is Thursday, July 27th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index weakened for...
Here is my latest structure analysis for Gold. Resistance 1: 1979 - 1987 area Resistance 2: 2000 - 2010 area Resistance 3: 2034 - 2048 area Support 1: 1945 - 1954 area Support 2: 1925 - 1938 area Support 3: 1892 - 1907 area Consider these structure for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSD is realizing the potential of the "flag" pattern I talked about yesterday. The correction wave is ending and the price continues to strengthen Today, Wednesday, important news are published, we are interested in those that will be at 18:00 GMT from FOMC, FED. Current issues related to the rate and inflation, some representatives of this structure...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 1972 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1972 support and resistance zone. Trade safe, Joe.
XAGUSD on the 15 minute chart- bounced off an intermediate term anchored VWAP during the middle of the NY session. The Relative Trend Index indicator and the Z-score are confirmatory. Price is now trending on the line of 2 standar deviations above the mean VWAP line . I will open a trade here targeting 25.25 expecting a rise to the third deviation line in...
Gold price is higher above $1970 during early New York trading session ahead of the Fed. Fed Powell’s speech will be crucial for gold buyers as 0.25% rate hike priced in. XAUUSD tested 1950 support and bounced yesterday which opened the path to $1970. However, a supply zone from May, around $1983 - 1987, appears a tough nut to crack for the XAUUSD bulls. We will...
– Previous Daily candle closed Bullish at 1972.200 closing below Daily Resistance formed on Wednesday 19th July 2023 and respecting Daily Support formed on Tuesday this week aswell. – Buys on close above 1977.600 targeting 1h Resistance formed at 1983.000, Leaving Runners to the Monthly Resistance formed in May 2023 at 1989.600. – Sells on close below 1966.700...
Looking at the weekly timeframe we can see 4 very key levels. The ones closest to us - 1966 and 1977 Why is 1966 so important? The simple answer is this is a key level the weekly candle failed to close above last week and what about 1990? a close above 1990 will almost certainly give us a shot at pushing 2010+ again and possibly looking at the all time highs....