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!❤️
Technicals Prices hit fifteen-month highs this week, extending the recent rally. Copper is on the verge of another breakout, eyeing the January 2023 highs (4.356), which could open the door for further gain towards 4.579. On the other hand, the Relative Strength Index (RSI) did not follow the price action and diverged lower on the H4 chart. This can lead to...
Technical analysis of gold: Key resistance: 2185 - 2189 and 2207 - 2212 Key support: 2176 - 2179 If the resistance is broken, we can expect a strong upward trend towards 2200 and 2212. 📈
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FX:XAUUSD has been reaching 2354 since the opening of the session amid strong excitement. The price is leaving the trend boundaries and continues to form new bullish ranges. Strong bullish trend is realized on the background of important geopolitical news, related to the crisis in the Middle East, Eastern Europe, as well as a huge interest in hedge gold....
It seems that gold is not going to form bigger retracement. I expect slowly bullish continuation until CPI. There are a lot of fundamental reasons for gold to fly, so will be lucky when gold come back for a good swing trade.
✅SILVER is trading in a Strong uptrend and the Metal is now above the Key level of 27.00$ which Is now a support so we Are bullish biased and We will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Gold price today April 8, 2024 on the world market increased dramatically, reaching a new record level of nearly 2,342 USD/ounce after adjusting downward in the morning. Gold prices set a record thanks to high trading volume after US Federal Reserve Chairman Jerome Powell emphasized that recent data will not change the overall economic situation. The US economy...
XAUUSDis rising toward the pivot point and could potentially fall to a support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level that lines up with the 127.2% Fibonacci extensions Pivot: 2348 Support: 2327 Resistance: 2363 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
OANDA:XAUUSD continues to make new all-time highs, while Federal Reserve Chairman Jerome Powell has reiterated that recent job growth data and higher-than-expected inflation data will not materially change the the general situation of economic policy this year (the Fed is expected to start its interest rate cutting cycle in June). Fed Jerome Powell Powell...
Gold price today (April 9), the world market reversed and increased sharply again compared to the previous trading session. Rising demand and high expectations of investors have pushed gold prices up despite positive economic developments. A series of positive US economic information shows signs that the world's No. 1 economy is recovering well. Therefore, the...
XAUUSD has reacted off the pivot that lines up with the 78.6% Fibonacci projection and could fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2353.87 Support: 2330.47 Resistance:2372.98 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
Dear friends, at the beginning of the new week's trading session, the price of gold fell exactly as I expected and quickly bought back the decrease at this high level. The uptrend still seems clear on the 1-hour chart. You may wonder why the price has increased so sharply. Regarding international market information: -Expectations that the Federal Reserve...
I believe it's possible to observe a Pullback prior to CPI data on Wednesday for Gold. CPI is anticipated to increase once again which is not great for the Fed's inflation goals. This could cause more buying pressure on gold. In the meantime, we've seen a nice Higher High of 1hr market structure to begin the week. This seems like a solid liquidity move preceding a...
Dear friends, today after gold opened lower and fell back to the 2305-2300 area, it rebounded again and hit a new high near 2353. At present, gold has fallen back and remains near the 2330 position. Today's transaction can actually be roughly divided into two parts. First, we ended our short position in the 2305-2300 area and captured good short profits;Secondly,...
Hi, 1PERCENT here. It is important to notice that currencies in the world all lose value over time. It converges to 0. The median home price went from $20K in the 1960s to $385,000 today. The house did not change obviously. But your currency value decreased. Why is that? You gotta understand that the whole system is built on debt. To learn more about...
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 09 April 2024 Trade Idea 1 BUY LIMIT Order: $2328.57 Stop Loss: $2302.73 Take Profit 1: $2354.16 Take Profit 2: $2368.08 Trade Idea 2 BUY LIMIT Order: $2322.53 Stop Loss: $2302.73 Take Profit 1:...
Traders, In today's trading session, our focus is keenly set on Gold (XAUUSD), where we're eyeing a potential buying opportunity around the 2295 zone. Currently, Gold finds itself in an uptrend but amidst a correction phase, drawing nearer to the critical support and resistance area at 2295. Despite the prevailing strength of the USD, it's imperative to...