Today you need to pay attention to the impact of US non-farm payrolls data and unemployment rate on gold in April. Today's golden range is 2280-2344, and the small range is 2290-2330 You can trade within the range. Every Friday's trend is quite unexpected. You need to have stricter SL to prevent gold from causing you greater losses because the data breaks...
The KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
Views for the bulls and bears on this one. price currently in the 618 382 fib zone forming variations of a flag and bearish triangle. Price still sits above the 200MA although very close - balanced market. - For bears we need a break below 2280 with views to 2260/2255. - For bulls we need a solid push higher and break of falling trend line support.
Gold (XAU/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 2,324.27 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 2,375.00 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance. Take profit is at...
Gold, after breaking its upward trend line and confirming the downtrend, may start its movement from next week. The initial support for gold is in the price range of 2282 - 2286, and upon breaking this range, we can expect a price decrease towards 2270 and 2237.
Gold (XAU/USD) could fall towards the pivot and stabilize around this level. Could this commodity potentially bounce higher towards the 1st resistance? Pivot: 2,285.17 1st Support: 2,272.11 1st Resistance: 2,328.74 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
Hello everyone, it's Brian here. Today, gold prices have stabilized around $2,300. Factors contributing to this stability include positive market sentiment, falling U.S. Treasury yields, and a weaker U.S. dollar. Traders are still digesting remarks from Federal Reserve Chairman Jerome Powell, as well as the central bank's decision to maintain interest rates....
FX:XAUUSD is forming a range of 2328 - 2295. The market sold off all the excitement formed on the background of Powell's comments yesterday. A bearish market structure is forming on D1. The area of 2328 is keeping the price down and plays the role of a strong key resistance. The bears (sellers) are quite strong and continue to gain momentum. The price is...
Preferred direction: SELL Comment: A difficult situation has developed for gold . Here, in view of technical factors, two scenarios are considered, both buy and sell. The most likely scenario №1 still assumes a fall towards the levels of 2200 and 2150 . Scenario № 2 is less likely, but it may turn out that first this particular maneuver will happen on...
Preferred direction: SELL Comment: The dollar is expected to fall even when paired with the Japanese yen . By the way, our previous trading idea worked out perfectly, and the target was fixed at the level of 153.222 . At the moment, another approach to this level is expected, with a high probability of its breakdown downward. The trade is short-term, and...
Preferred direction: SELL Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar , which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to...
Preferred direction: SELL Comment: Yesterday's trading idea for the Canadian worked perfectly. Today, the likelihood of continued decline remains. The price is trading close to yesterday's target, namely the level of 1.37020 , at this level, the next short (breakdown downward) is being considered. We highlight two scenarios for ourselves with a common goal at...
Preferred direction: SELL Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely ...
Take a look at our analysis for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2301.506. Considering the today's price action, probabilities will be high to see a movement to 2322.481. P.S We determine oversold/overbought condition with RSI...
Gold now in a bullish wedge correction, will gold's price rise towards resistance 1 (R1) and then pullback or to R2 at NFP reports later today. Alternatively, the price of the metal could dip towards the lower channel of the bullish wedge immediately after the NFP news. N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely...
The gold market is getting some new bullish momentum. Gold prices are expected to continue to rise even if the US Federal Reserve (FED) delays the comfort cycle. Despite recent selling pressure, Goldman Sachs still forecasts that gold prices will increase sharply. This unit finds that gold can maintain growth even if the Fed delays the comfort cycle. Nicholas...
World gold prices decreased amid an increase in the USD index. Recorded at 5:00 p.m. on May 2, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,665 points (up 0.04%). World gold prices soared and then quickly decreased after the US Federal Reserve (FED) kept interest rates unchanged and took a less tough attitude....
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) Ideas For 03 May 2024 SELL LIMIT Order: $2310.86 Stop Loss: $2326.77 Take Profit 1: $2295.21 Take Profit 2: $2274.40 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...