Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support TA on the high timeframe: 1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon 2) An area of liquidity that...
💬 Description: Aggressive shorts significantly pushed buyers beyond the level of 1900 , thus we are now trading in the short zone. However, it should be noted that the fall is fading and an upward correction can be expected in the near future. The instrument will most likely update its minimums this week. After this, in the 1860 area, a reversal can be...
💬Description: Today, the market began to actively recover against the US dollar . Some instruments have already passed their ADR . However, it is very unlikely that this trend will continue throughout the day. A move in favor of the dollar is very likely. Against this background, a small short on EURUSD is expected towards the level of 1.05194 , where,...
Dear traders, after analysing the market we are now expecting prices to be bearish. However, daily timeframe shows us there is an strong indication of buyer emerging for short term purpose, therefore, we advise our members to keep an eye and be extra precautious. You can take buy entry when market settle downs on monday. Good Luck and Trade Safe
Dear Traders, Hope all of you are doing great this week, we had a successful swing trade which ultimately helped us gain massive 820+ pips; XAUUSD price has changed its trend as DXY is bullish. We expect price to reach 1850 first as currently sellers have immense control in the market. At 1820 zone we expect price to bounce back up until 1880 zone where we can...
OANDA:XAUUSD has been making a new downward jump since the opening of the session on Monday. The strong distributive move continues. The price is approaching an important area The chart shows an important liquidity area, but not the final one (1800). At the moment I am interested in the 1828-1812 area. The nearest support line may be tested soon, followed by a...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %. Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no...
Hello everyone! The current trend for gold prices is downward, as it has slipped below the important psychological support level of $1,900 per ounce in the early morning trading session. It is currently trading at $1,874 per ounce. Additionally, the hawkish stance of the Federal Reserve continues to push up bond yields and the US dollar, suppressing the upward...
Hello everyone. The price of gold on the international market has decreased by an additional 15 USD today, dropping from 1,875 USD/ounce to 1,865 USD/ounce due to the high value of this currency, with the USD Index remaining steady at 106.6 points. On the other hand, financial investors are focusing their capital on bonds and stocks, resulting in a minimal flow...
Hello everyone! The price of gold at the beginning of the week is still declining and is currently trading at $1843 per ounce, a decrease of $5.2 compared to the previous session. This decline can be attributed to negative market influences, such as the continuous rise in the US dollar index, which has now surpassed 106 points. Additionally, the yield on US bonds...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1835-1830, which aligns with 88.6% Fibo retracement. Our take profit will be at 1856, which is a pullback resistance level. The stop loss will be placed at 1807, which is below the swing low support level High Risk Investment Warning Trading Forex/CFDs on margin carries...
XAGUSD has been bleeding so to figure out what it will do from here on out... I decided to make an indicator. So I spent the last 4 days coding this monster. Yes, My indicators have seizures written all over them. I agree, and yes I was one of those guys who would look at a friends chart and be like, bruh, I can't see anything through your mess. However, I...
Gold is in a sell trend and making lower lows as Dollar price is gaining power gold will fall as predicted as gold has broke its support level on 1850-48 price level and having a retest of broken support level on H1 time frame the confluance for trade is H1 support break with volume candle and 200EMA is above the price level which indicates that gold will fall
Hello everyone! The price of gold continues to decline, currently trading at a low of $1900. Gold prices have decreased and are not finding support at $1905. It would not be surprising if gold continues to test lower levels with the possibility of rising from a new support level. $1890 is a significant number with strong support and the potential for a price...
Hi Traders, My technical analysis of OANDA:XAUUSD suggests we are currently in a corrective wave 2 pattern. This correction could take gold to the 1800-1780 region , likely around October 2023. After wave 2 finishes, wave 3 has potential to break above 2000 and resume the larger bullish trend. However, we need to see the correction play out first, so I don't...
Gold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy. The decline in gold prices is closely related to the...
Gold is still in a downtrend at the 1837 level, a short-term pullback may occur. So after the pullback There is a chance that the price will drop to test the 1809 and 1788 support levels. >> GooD Luck 😊 * However, this trade is risky.