End of day update from us here at KOG: In the KOG report on Sunday we gave the extension levels of 2365 and 2372 as bullish targets which as we can see we're extending in to and completed one of them. Yesterday we said unless we broke below the bias level we were likely to take liquidity from higher again, so put caution on the short trades. Again, the...
Gold has fluctuated at $20 for three consecutive times and several roller coaster fluctuations. This kind of trend is really difficult to grasp. It is most taboo to chase the rise and fall. However, the overall K-line has peaked and once rebounded to around 2351, but it is still It fell below the support level and reached around 2330. The K-line has come to an...
In Wednesday's US trading session, gold prices unexpectedly rebounded following previous volatility, possibly due to the increase in the US dollar and bond yields. This led to a reduction in expectations for the Federal Reserve to cut interest rates in the near future. On the 4-hour chart, the upward trend of gold remains clearly intact. The Simple Moving Average...
Using the MACD method, it's evident that buying pressure in gold has weakened, with selling momentum increasing. The rising RSI indicates robust buying activity. Additionally, the recent Bollinger Band squeeze suggests impending volatility. Despite the price closely tracking the upper band, a retest towards the middle band seems likely.
11th April DXY: Needs to stay above 105 support area, before testing higher to 105.58 NZDUSD: Sell 0.5980 SL 20 TP 40 AUDUSD: Sell 0.6545 SL 20 TP 60 USDJPY: Buy 153.35 SL 20 TP 45 (watchout for possible intervention) GBPUSD: Consolidate to break 1.25, Sell 1.2490 SL 20 TP 100 (Hesitation at 1.2450) Counter Trend Opportunity EURUSD: Rejection of 1.08,...
"Wave 1: The gold market experiences its initial uptick. This is driven by a small group of individuals who, for some reason, perceive gold prices as cheap and see this as a good buying opportunity. This drives prices up. Wave 2: At this point, some early buyers feel that gold has become overvalued and begin to take profits, causing prices to decline. However,...
We are back with another Gold setup entry: Is 2343.97 with a SL: at 2347.19 target: is 2326 which is amazing Lets go !!! Thanks for tuning in, like and follow me for more Trade God out #xauusd #signal #gold #spotgold #daytrading #forex #Idea #share #like
Preferred direction: BUY Comment: Despite Friday's strong labor market data, the US dollar retains sell-priority, which means buy-priority for most of the American currency's main competitors. The euro is at the top of this list to buy against the US dollar . Here, for most of this week, we highlight two scenarios, and the more likely scenario №1 ...
Preferred direction: Neutral Comment: The British currency perfectly worked out the scenario that we set at the beginning of the week, and all long trades were closed. At the moment, short-term strengthening is expected for the instrument, including, most likely, during the US CPI . However, just like the euro , a fall is expected here in the longer term....
Preferred direction: Neutral Comment: According to the settings that we outlined at the beginning of the week, we continue to hold the euro long, but note that most of the profit has already been recorded, and the trade has been moved to breakeven. This also applies to other majors that we considered as part of the medium-term weakening of the US dollar...
Gold just took a nosedive, losing $20 in a blink right after the U.S. dropped its latest inflation stats, which were hotter than everyone thought. March saw a 0.4% jump instead of the 0.3% everyone was betting on. This puts the Fed in a bit of a bind, trying to steer the monetary policy ship without tipping it over. With inflation pushing a 12-month rise to 3.5%,...
Metal : Gold Price : 2336 $ for Once Technical analysis saying : Hold ( don't buy or Sell it now . Trend : UP Scenario expected : correction to below 2296 $ for Once Technical reasons : prices hit the upward channel and the vertical support level on ( H1 ) many times last few hours , most probably the price will try to break that support level at ( 2320 $...
XAUUSD is rising toward the pivot point and could potentially fall to an overlap support level Alternatively, if price breaks above the pivot, it could continue to rise to the multi swing high resistance level Pivot: 2347 Support: 2305 Resistance: 2364 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
Hello,Traders! GOLD is trading in an Uptrend along the rising Support and we are already Seeing a bullish rebound So I think that Gold will Go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
In Wednesday's US trading session, the sharp decline of Gold after reaching a new peak at $2,365 has rendered the market unstable and caused sudden volatility. This was spurred by the release of US Consumer Price Index (CPI) data, generating uncertain signals in the market. However, upon examining the 4-hour time chart, we can still observe signs of maintaining...
The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the...
Gold turned down after the US CPI report increased higher than expected. Gold "free-falled" to $2,319 as the US CPI report exceeded estimates and the market downplayed interest rate cuts. During the April 10 session, gold prices fluctuated strongly after the announcement of US CPI data exceeding estimates. The precious metal fell from $2,349 to $2,319 and then...
XAU/USD dropped sharply after reaching a new high of 2.365 USD in Wednesday's US trading session following the release of US Consumer Price Index (CPI) data, which unsettled the market and caused sudden volatility. Analysis from the 4-hour chart indicates that XAU/USD is trading below both the simple moving averages (SMA) 20 and 50. This is a clear sign of...