Gold case study, why short? Big picture: - Monthly waiting pullback since Feb - Weekly MA10 potentially become resistance ; 2351 - EMA21 - 2243 (deep thinking), time vs pricing > 225x-226x vs CMP (1000p) - Overall outlook = Healthy pullback Trade setup reason: Entry 2370-2380 (can layer 1-2 trades) SL above 50% fibs 2388-2390 area RR 1:5 Fibs 38.2% Targets 2303...
The Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves. Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the...
💥Gold is trading around 2336. Gold prices managed to hold above multi-week lows touched on Monday. The Fed's interest rate cut bet will limit the USD's recovery efforts and support the metal. Traders are now eyeing the US ADP report and ISM Services PMI for fresh impetus. 💥The market is currently waiting for the US jobs report for May, which will be released this...
World gold price recovered slightly by 0.13% and is trading around 2,296 USD/ounce after a sharp decline of 3.45% last week. Gold's uptrend has weakened as the RSI on the daily chart is below the 50 level, moreover, XAU/USD is trading below the short-term SMA lines, reinforcing gold's downtrend. The Fed's latest interest rate decision and the May consumer price...
Gold fee forecast Darin Newsom, senior marketplace analyst at Barchart, stated gold charges are in all likelihood to fall withinside the coming days. Marc Chandler, CEO of Bannockburn Global Forex, stated that americaA jobs record became higher than anticipated and China stopped shopping for gold reserves, inflicting the valuable metallic to its lowest stage in a...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2307.79, which is a pullback resistance Our take profit will be at 2272.26, a swing low support level. The stop loss will be placed at 2336.07, a pullback resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
XAU/USD is reacting off a support level which is a pullback support and could rise from this level to our take profit. Entry: 2,285.63 Why we like it: There is a pullback support level. Stop loss: 2,263.13 Why we like it: There is an overlap support level which lines up with the 161.8% Fibonacci extension. Take profit: 2,320.23 Why we like it: There is a...
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 10 June 2024 SELL LIMIT Order: $2349.22 Stop Loss: $2388.04 Take Profit 1: $2310.66 Take Profit 2: $2259.37 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Next week the gold price will test 3272.00 - 2385.00 supply level and rebound to retest the above resistance level 2215.00. I'm waiting for the buy opportunity. Good luck.
Gold (XAU/USD) presents a compelling sell opportunity if the price retraces to the descending trend line around the 2350.00 region. Look for bearish entries at this level, targeting the initial support zone at 2285.50 as TP1. Should the downtrend continue, aim for TP2 at the ascending trend line, capturing further downside potential.
The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap. this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday. if this momentum continues it will be a fall for xauusd. more clear cut analysis will be posted soon...
Welcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
CHFJPY is setting up to what could be the biggest trade of the year. We are anticipating a drop of atleast 1,600pips! We are currently in an ending diagonal indicating that we have almost completed this bullish wave and that we should be ready for to sell. The breakdown of the ending diagonal is as follows: 5 waves consisting of 3 subwaves each. We are in the...
Hello traders, hope you doing great. for upcoming week, I think we'll probably see an upward correction to one of the specified levels and then it will start to fall to 2300. so with a proper trigger, we can open a long position and after that, a short position. and finally tell me what do you think? UP or DOWN? leave your comment below . if this post was...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2309 resistance with a open gap before that at 2296 and 2286 Goldturn support. We will need to see a test and lock on either levels to open the next range. We will need to see ema5 lock above 2309 to open the range above or...
Hey Everyone, Please see our 4h chart idea that we tracked last week. We have not done a fresh idea for the 4H chart this week, as this one is still tracking well and testing crucial levels of the structure currently. We want to see this idea play out for at least the beginning of the week and then we can do a mid week update with a fresh one. After completing...