On the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward...
XAUUSD NFP DAY ANALYSIS 7-6-24: Spot Gold Prices and Market Movements Current Trends: Spot gold prices have surged to $2,387, indicating hawkish market movements. However, with the opening of the UK session, a retracement to a low of $2,340.92 has already been observed. Upcoming Data: Looking ahead, the release of the Non-Farm Payroll (NFP) data on June 7, 2024,...
Dear traders! Gold prices edged higher in today's trading session, after a weak US inflation report caused the US Dollar Index and US Treasury bond yields to fall. Besides, gold prices are having new buying momentum due to consumer prices cooling down more than expected in May, according to some economic experts, this could create an opportunity for the US...
still think we have room to go higher,Resistance at the mentioned level and we'll test the short. Waiting for the price to revisit 2291.13 We want to see support here, based on the price resisting we'll take a action price will decrease today or tommorow this level must be retest first...
Yesterday was a pump & dump type of day in the markets. We saw Gold pump during CPI, then dump back down during the FOMC Interest Rate decision later on in the evening, towards our technical bias, which of course as always benefits us. Take advantage & sell the Gold market. Profit from any downside movements, then buy it back later for a cheaper price.
In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path. Chart pattern on weekly. I really like using higher time frames. DXY ( U.S. Dollar Index)
I saw that there was a clear base on XAUUSD, after the price fell on Friday last week. XAUUSD plan takes a SELL opportunity if the price enters the base. Look at the chart. This plan is not a recommendation for making XAUUSD trading decisions, all profits and losses are not our responsibility.
XAU/USD decreased slightly, currently trading around 2,314 USD/ounce. Yesterday, XAU/USD turned down after the Federal Reserve (Fed) signaled that there would only be one interest rate cut this year in the context of inflation still far from the target level. The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in...
The Federal Reserve opted to maintain interest rates at their current levels and delay any potential rate cuts until at least December. Officials foresee only a modest quarter-percentage-point reduction for the year, emphasizing the importance of managing inflationary pressures. Fed Chair Jerome Powell highlighted that despite robust growth and low unemployment...
Silver looks good on 1hour chart we can expect 90k-91k levels soon
Here is a follow up on my analysis this morning. I went long on Gold and this video shows the result
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...
World gold spot price is around 2,303.1 USD/ounce, down 11.9 USD/ounce compared to overnight. Gold futures price in August 2024 on the Comex New York floor is at 2,318.5 USD/ounce. The gold price on Kitco at 9:00 p.m. (June 13, Vietnam time) was trading at 2,315 USD/ounce, down 0.25% compared to the first session. Gold futures price for delivery in August...
Hi there, In EURUSD we are in a range movement and probably the decreation movement has been finished. but we have two pending position this week: Buy it at 1.072 level TP 1.085 SL is lowest price of previous week Sell it at 1.085-1.086 TP 1.072 SL 1.089 These positions are just for this week. Follow us to get more analysis and signals.
Hi there, We gave you a buy position on yellow metal last week and it hit the SL but analysis and path prediction was correct. Anyway we are watching 2 similar paths on XAUUSD that both of them will finish with breaking the highest top price. 1. The 4th wave of 3rd wave of big ascending wave has been finished and we should buy again in support level such as...
The market is changing rapidly. Gold bulls are just a flash in the pan. Rebounds are a better opportunity to short. The gold short trend has not changed. We continue to wait for the bears to exert their strength. Will gold hit a new low today? Let's wait and see. At present, the short-term rebound has not reached 2320, so short below 2320. Target...
Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current...
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...