Hey Everyone, Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly. We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection. We will need to see ema5 lock above this level to see a continuation...
Hello, dear friends! Let's dive into today's gold price dynamics together! Last night, gold underwent a significant adjustment. The precious metal's price sharply declined as fading expectations for a U.S. interest rate cut overshadowed the demand for safe-haven assets amid escalating tensions in the Middle East. On the analysis chart, gold traded around $2365...
Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
Gold prices are attempting a slight recovery during the Asian session after finding fresh demand near $2,355 once again. Gold prices took advantage of the softer risk tone and sustained weakness in US Treasury yields, despite recent hawkish comments from the Fed. XAUUSD trades above 2370 and the daily chart suggests the slide could continue. Technical indicators...
Hello dear friends, after a brief dip last evening, gold is back on its quest for new highs. So far in today's trading session, gold is making another push to surpass the $2,400 barrier, buoyed by a fresh decline in the U.S. Dollar and persistently low U.S. Treasury yields which favor the non-yielding metal. As such, gold may continue to find demand as a safe...
Gold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark. Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it...
By checking the gold chart in the 1-hour time frame, we can see that based on the previous analysis, the price reacted to the specified supply levels and is currently trading in the range of $2381! Note that the price has attractive ranges in front of it to fall towards them (to collect liquidity)! These levels are $2363, $2339 and $2320 respectively! The...
FX:XAUUSD is showing strength as a hedge asset. The price continues to indicate to us that it intends to go even higher. The market is cleaned up after the shakeout and the big player continues to play his game. (Idea from Apr.16: GOLD → There's no limit to the bulls' activity. Support retest) Bulls form another intermediate bottom at 2365, building a limit...
FX:XAUUSD is trading exclusively in a bull market. Quick and temporary reactions to the news are quickly exhausted and buyers regain the upper hand on the metal's price. Yesterday the price made another retest of the support at 2330, which has the status of an intermediate bottom. This area held the price and after that the market returned to its true...
FX:XAUUSD is trying to consolidate above 2365. This area is an intermediate bottom and plays an important role for the bulls in the medium term. The range of 2365-2400 is being formed. Idea of Apr. 16: GOLD → There's no limit to the bulls' activity. Support retest In general, everything is the same, but after a strong rally, the price makes a small stop...
In my post from yesterday, I mentioned my expectation for a new drop of 500 pips in $OANDA:XAUUSD. However, despite the price dropping by around 400 pips during intraday trading, my sell order placed just above the 2400 zone was not filled, resulting in me missing out on this drop (my target was hit but not my pending sell) Upon reviewing the chart, it's evident...
As you know, there are only 2 days and 10 hours left until #Bitcoin_halving and many are waiting to see how much Bitcoin will grow/fall after the halving ! Of course, in my opinion, after a correction, we can wait for the next upward wave of Bitcoin, and when Bitcoin is corrected or neutral, we will probably witness a new alt season! For this purpose, we will soon...
Have entered into some sells. Based off daily chart. TP levels placed on 1 hour resistance levels. Confirmations 1. Previous day closed bearish 2. Daily came up first with no bottom wick (creating top wick to drive down) 3. Grabbed liquidity at nearest daily resistance (2372.3 area)
hello guys! I believe xauusd is still bullish and every correction is an opportunity for us to get more long positions! so the blue area and the bottom line of the channel are two potential areas to getting the long position! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I...
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region. Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood. Based on technical analysis, the upward trend of Gold appears likely to continue. On the...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
Gold ultimately failed to break through to a new high last night and was still hindered by the resistance of the 2400 mark. After yesterday's pullback, the strength of the gold bulls was severely damaged. Therefore, today's strategy is mainly to focus on the high Sell. Now gold has reached the short-term resistance level of 2378, here Can sell. technical...
Hello traders,, what do you think about gold please leave your comment..? We're focusing on gold prices within a channel. The upper boundary of the channel is marked by the resistance level at 2431, while the lower boundary is supported by the level at 2216. In this analysis, we're using a 4-hour chart pattern. - Channel Breakout Strategy: - If the market...