Gold surpassed $2,250 after last week's PCE report Gold rebounded sharply above $2,250 as the core PCE index matched estimates. Gold rebounded sharply over the weekend as the core PCE index matched estimates. The precious metal broke out from $2,194 to $2,235 before correcting slightly and ending the week at $2,223. The MoM core PCE index increased 0.3%,...
PCE inflation measures for December and January had been raised, signaling that inflation changed into worse than to start with estimated. For example, the center index alternate changed into revised to 0.5% in January, up from the formerly mentioned 0.4%. To apprehend the importance of the upward push in inflation, it's miles crucial to don't forget that the...
we made almost 400 pips from our area on gold by 2-3 positions a day on NEWYORK session last week with just two SL . gold make an uptrend in this week and then down trend now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special...
Welcome to the Friends Trading Floor, Here, I'll share my key support levels with XAUUSD for the upcoming trading days. and this prediction starts on the coming new trading day (04.04.2024). Below are the key support levels based on the 1-hour time frame. and HTF candlesticks should respond to these levels. If the price disrespects those levels, we will try to...
Exit from the downward trend and the target is specified. Be profitable and at the same time be careful in buying gold for now
🚀 The price of gold is surging past the $2000 resistance with decisive strength, reflecting solid buyer conviction. #XAUUSD typically exhibits a two-legged movement pattern. With the major leg on the weekly chart and minor leg on the daily chart now well-established, we're setting our sights on an ambitious $2300 target. 🎯 This bullish momentum is not merely a...
FX:XAUUSD is a pioneer. The price is testing new highs in a new, previously untouched zone. High interest in the metal, rumors and crisis leads to the fact that the growth of gold outpaces the growth of the dollar. Dollar Index (D1) Breakout of resistance and news The dollar is also rising. The price of the index has been supported by regulators for an...
Good evening gold gang! its been a while .. ive had nothing to report as price has been so bullish. We are currently wayyyy out in space. No clue on whats gonna happen .. we just have to wait for price to come back to a probable zone in order to make informed decisions. There may be a gap at open .. lets see if that gaps down or not. If it does .. we can mark...
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...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Gold prices rose slightly on Monday amid cautious market sentiment ahead of important events, such as the FOMC announcement. XAU/USD increased by around 0.2% in early afternoon trading in New York, finding support near $2,150. The Federal Reserve will hold its March meeting and may adjust its forward guidance and economic outlook due to recent inflation...
OANDA:XAUUSD AND ANALYSIS - Gold’s backdrop remains positive and may lead to further gains. - Retail trader positioning is 50/50. Gold reached a new record high last week but ended the week relatively unchanged after a sharp sell-off. The Federal Reserve hinted at a potential rate cut of 75 basis points this year, which initially boosted gold. However, the US...
Gold Technical Analysis: 4-hour Timeframe: The first range for a reversal and market turnaround in the 4-hour timeframe is almost the upper limit of the uptrend channel: 2244 - 2252 With targets: 2225 - 2212 - 2180 The above scenario is based on positive gap or market start with a positive trend and reaching numbers until tomorrow's close. Sell signals and...
THE KOG REPORT: In last week’s KOG Report, we said we would be sticking with the plan and gave the extreme level of 2193-5 which is where we expected there to be a RIP, and if held we would be looking to short the market back down into the 2150-55 levels and below that 2147. It was at these levels that we said we would be expecting another RIP with extension...
I've been hitting the following key on the computer for a while now; "Is the world better?" Has Quantitative Easing (QE) provided globally by central banks around the world finally dried up? If the answers are yes to all of them, just answer this naive question that I will ask next; Why is gold surpassing its all-time highs? I just need this answer,...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price challenge 2231 on market close on Friday. This is a level of resistance and will need ema5 to cross and lock above 2231 to open the range above. We have a bullish body close price gap target at 2240 and support targets at 2225 and 2217. We will need to see...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two Goldturn levels, support at 2218 Goldturn and resistance at 2238 Goldturn. We have a bullish gap open now at 2238 and we are seeing ema5 challenge 2218 and will need to see ema5 lock above 2218 to open the range above upto 2253 and a...
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a...