Because the ADP data was lower than expected, suggesting that the US labor market is cooling, the possibility of the Federal Reserve cutting interest rates has increased, which has put downward pressure on US Treasury yields. Combined with the geopolitical tensions caused by the ongoing conflict in the Middle East, it continues to be a driving force for gold...
Hey Everyone, A PIPTATSIC finish today starting with our 2359 target HIT!!!!! We called this target yesterday, and the day before to complete this range This target followed with the cross and lock above 2359 opening 2374 and potentially 2390 at a stretch. 2374 was also hit today with a dip back to 2359 for support and then buying dips inline with our plans for...
I see a repeat of March 2020 happening but with birdflu (check out my silver miners AMEX:SILJ thread where the fractal looks better). Within 5 months, miners had a 42% gain, but within that time period there were 2 huge drops and 3 huge gains: 1. $46-$20 (56% loss) in 2 weeks (June-July) 2. $20-$40 (100% gain) in 4 weeks (July-August) 3. $40-$50 (25% gain) in...
Today, gold prices surged, with the last trade at $2,375.2 per ounce, up $27.8 from yesterday morning. Gold rose midweek, supported by the weakening USD and lower Treasury yields, following the latest data showing a cooling labor market. According to the ADP report, private companies added 152,000 jobs in May, significantly lower than the previous month's figure...
Yesterday Israel attacked Hamas, causing gold prices to increase sharply last night despite the ISM PMI index being greater than 50. Looking at H1, the news of Israel attacking Hamas has caused the price of Gold to rise through tradingrank for more than a week now. - Price surpasses 2464 and confirms wave 5 has ended at our target area of 2317. - From the chart...
Technical Analysis The price has successfully followed its bullish trend, reaching our target of 2369. Today's market continues to exhibit bullish pressure, having stabilized within the bullish trend. As long as the price trades above 2357, it is expected to rise to 2369 and 2377. However, a break below 2357 could lead to a decline towards 2347 and 2344. ...
XAU/USD Swing Trend - Primary : Down Trend - Secondary : Down Trend - Minor : Down Trend I think now It may be at the end of leg C of 4. and Finished 13 day of Down Trend Already. However, Trade with the trend, when my Minor Trend looked up, I then waited for the price to adjust down to the EMA line and to the +1 SD line as well. Therefore, the Buy Position has...
Here on Gold price has crossed our TP 1 and now return to resistance zone forming order block (OB) after break of structure (BOS) so is likely to go up so this point is expected to go LONG and expected profits should be around next resistance zone at level of 2,410.000. Apply money management.
GOLD BUY NOW 2358.00 TAKE PROFIT 1 : 2362.00 TAKE PROFIT 2 : 2373.00 TAKE PROFIT 3 : 2403.00 STOP LOSS 2344 When hitting targets ; Set Break-Even after the first target. Partial close at minimum 40-50 pips. Implement minimum 2 layers in the zone. Please follow a sensible and responsible money management strategy when trading. You should never invest money...
A sharp rise in gold is prone to a market that lures more buyers. Tomorrow's NFP, it is still difficult to see a unilateral big market today. After gold rises and falls, it is still high to sell after confirming the resistance level. Gold rises and falls, it is easy to form a shooting star pattern. Now gold has a shooting star pattern in 30 minutes. Gold is still...
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By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow again to the supply zone of $2360. Afterward, it experienced a significant decline, hitting all the previously announced targets. The lowest level at which the price corrected was $2315. Once it entered this demand zone, it faced buying pressure and was...
Hi folks today I'm prepared for you Gold analytics. Some days ago price started to decline from the trend line and in a short time declined to the resistance level, after which broke this level and continued to fall. Later, Gold fell to the support level, which coincided with the support zone, and started to trades inside consolidation, where it at once started to...
To remove the orders, we envision two scenarios that are specified in the picture. As mentioned in the previous analysis, the first scenario is more likely, we have to see what decision will happen to the market according to the news and the trading process and the volume of transactions.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame RSI - Divergence Completed " 12345 " Impulsive Waves Break of Structure Demand Zone
In the financial world, Bitcoin is garnering attention with the hypothesis that it could hit the $100,000 mark before the US Presidential election. Recent trends in Bitcoin have seen significant growth, as predicted yesterday, BTCUSDT continues to rise, currently forming a cup and handle pattern with support around the $67,000 area. With the increasing...
Looking at the fourth trading session, yesterday, gold prices experienced a slight decline, but buying pressure surged as soon as the ADP Nonfarm Payrolls data was released during the U.S. session, proving quite robust. In the morning session today, gold prices continued to rise, breaking through the accumulation area of the past few days. The wave of risk...
6th June DXY: Look for DXY to climb to 104.45 before ECB decision, break 104.45 could trade up to 104.75 - 105 NZDUSD: Sell 0.6195 SL 25 TP 55 AUDUSD: Sell 0.6625 SL 15 TP 30 USDJPY: Buy 156.65 SL 30 TP 130 (Hesitation at 157.40) GBPUSD: Sell 1.2750 SL 20 TP 60 EURUSD: Sell 1.0860 SL 20 TP 70 (ECB Rates Decision) USDCHF: Sell 0.88808 SL 30 TP 70...