Suppose I am a forex trader who trades both gold and oil among others. I am aware that gold is now rising and oil has already risen. Should I sell out of oil and buy gold? Here I use TradingView tools to give guidance to the best approach. On the daily chart, I have dressed out the chart with a long anchored VWAP and its deviation lines along with the price...
Gold has been shunned by investors, but many are now questioning if the yellow metal is nearing an inflection point, for a potential turn, or should we position for further downside. With US growth likely at a peak and as good as it gets, gold longs partly flushed out, positioning paired back and sentiment as bearish as we’ve seen for years, could we be seeing a...
Daily Bullish Trend May Resume on Today NFP. Expecting a Friday New York Reversal Today. Wait for M5/M15 (MSS) and then Enter.
We remain bearish as long as the price stays below the supply zone. The current market behavior around that zone shows that the bulls are struggling to break to the upside. If they fail, then expect the price to head down to the demand area before the bull could step back into the market to push the price higher. Remember, the banks will never buy there. If they...
🔰 Pair Name : XAU/USD 🔰 Time Frame : 15mins 🔰 Scale Type : small Scale 🔰 Direction : SELL THEN BUY This technical analysis focuses on Gold's 15-minute chart and aims to provide insights on optimal buying points and price movement predictions. As mentioned in a previous post, Gold has already surpassed the inverted head and shoulder neckline, indicating a...
Concerned about Recent Weak Manufacturing Data and Expected Fed Rate Hikes? Consider Adding Gold to Your Portfolio The weak manufacturing data and the anticipated Federal Reserve rate hikes have raised several red flags, warranting a closer look at your investment strategy. Firstly, releasing the latest manufacturing data has revealed a worrisome decline in...
From a technical point of view, trend is bearish on intraday chart and it could still trigger some consolidation. On the H1 chart it is possible to develop an interesting harmonic structure with Target around 1.918 and 1.900. In long term however, the main trend is still bullish at the moment. Trade with care! Like 🚀 if my analysis is useful. Cheers!
Gold plummeted, but now it's time for gold to bounce back. Brothers with long positions don’t worry, the target is 1925
I have included some key zones, key levels. 22/06/2023 dropped aggressively, cleared previous SSL'S and bounced. Potential buy if the low holds, break would result in decline towards 1914. Key area to watch 38-42 for an upside break.
FXOPEN:XAUUSD Buy Position day trade today Buy 1953-1955 Top 1960 Due to public holiday in US, there will not be much movement in the gold today.
I expected GOLD will bounce back to an uptrend to get H4 HH for Correction Wave. Next week we can standby BUY MODE, till my POI zone. #SMCjohor #SMCMalaysia #Beginner #JourneytoFTT
xauusd wait for sell 12pm news will make bearish wait and watch
Good evening gold gang!! hope you have all had a nice weekend. Im back with the analysis for the first day of May! (justin timberlake meme) Ok price is still in the range higging the 1993 level .. this level has been respected so many times last month and is proving to be of huge importance to the powers that be. However, the monthly has closed above the...
Good evening gold gang! Another great day on the charts as we got the sells right at NYSE open. Beauty. /im going to be brief with this one as we are back in the range now .. hugging that 1993 yet again. I feel there is going to be some kind of big announcement coming that will blast gold out of this range .. might get it tomorrow Buys and sells are set at the...
GOLD fails to break Trendline Below Can go up to Buy side Liquidity at level of 2022.31 2008 IMPORTANT level to Watch for both Trends
Firstly, have a look our previous analysis how those rocked..... Gold is trading below 1990 and it seems to be bullish as it on trendline according to major timeframes h1,h2,h4. Finnacial crisis as well geopolitical issues are favorable for bullish trend of Gold. lets talk about technicals, Price trading on bullish trendline so bullish trend expected. on the...
The XAU/USD pair shows a corrective decline, retreating from the record highs of March 2022, updated the day before. The instrument is testing 2010.00 for a breakdown, waiting for new drivers to appear on the market. Investors are in no hurry to open new positions in anticipation of tomorrow's publication of the March report on the US labor market, which may...