FOREXCOM:XAUUSD was ready to overcome the resistance of the 2062 range, but Friday's NFP, with sharply unexpected data of 353K ruined the temporary plans of buyers. The dollar is building strong momentum and continues its strengthening trend. pic: Long-term bullish trend. The price is trading at its maximum values On the 2-week timeframe we see a strong...
💹 Forex Quick Check: #USDCHF 📉 Trend: Bearish 🚀 Action: SHORT @ 0.87104 🎯 TP: 0.85677 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #USDCHF. USDCHF is in the bearish trend and now is going for false breakout to the bearish trend line. Here we can see that we had a strong bearish liquidation zone, where we can find a...
Gold regained momentum and climbed to its highest since early January above $2,060 before falling sharply on Friday. Comments from Federal Reserve (Fed) officials could influence precious metals pricing next week in the absence of much key economic data. Gold increased more than 0.5% on Monday, benefiting from escalating geopolitical tensions and falling US...
Today XAUUSD Setup | GOLD 05th of February 2024 01 : Around BUY 2030 TP 2035 - 2040 02 : Around SELL 2040 TP 2035 - 2030 03 : Around BUY 2020 TP 2015 - 2010 04 : Around SELL 2050 TP 2055 - 2060 05 : GOLD Broke 2040 - BUY Trade 2045 - 2050 06 : GOLD Fell below 2030 - SELL Trade TP 2025 - 2020 07 : GOLD Broke below 2050 - Buy Trade TP 2055 - 2060
Last week, OANDA:XAUUSD moved like a headless chicken, with spikes up and down but not managing to decide either way. From a technical standpoint, we have a strong resistance around 2060 and support between in 2025-2030 zone. After Friday's strong reversal from resistance, the odds are in favor of a down break, but as the title says, I am waiting for a clear...
Gold (XAU/USD) is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target. Entry: 2,031.94 Why we like it: There is a potential breakout level Stop Loss: 2,039.78 Why we like it: There is a pullback resistance that sits above the 23.6% Fibonacci retracement level Take Profit: 2,014.05 Why we like...
NFP hammered gold and although the uncertainty caused by recent war actions seems that gold is falling. For now the direction remains bearish. Last month gold moved very ugly - rapid moves of 300 pips in opposite directions almost every day. The result is an inside monthly bar. Gold is creating liquidity to break the all-time high once and for ever, but just not yet.
The bullish momentum once kickstarted on the 2025 zone, a minor retracement could set In down to the 2016 zone( 8pips drawdown ). The bulls take over the market up till the 2054 and once broken the 2054 margin, we head straight to 2075 before a major retracement BOOST 🚀, COMMENT 📑, FOLLOW 🏷 FOR MORE HELPFUL ANALYSIS 👍.......
– Previous Weekly candle closed Bullish rejecting 2 recent Weekly Resistances (2049s) and (2063s) and forming new Weekly Support just below 2020s, Friday Daily candle closed Bearish forming Resistance at 2055s. – One thing I find interesting on Daily timeframe is how Friday daily candle tapped into previous Daily Resistance held around 2030s then rejected and...
Short-term gold prices will still be strongly influenced by upcoming economic data and their impact on the USD and expectations of FED interest rate cuts. Next week, only service PMI data and the US weekly unemployment report will be released, so these data may not have much impact on gold prices next week. Technically, considering the H4 time frame ptkt chart,...
We move past an important week for markets, one where a one-two punch from Jay Powell’s FOMC presser and a very strong nonfarm payrolls report have essentially closed the door on a March rate cut. With US economic exceptionalism coming back into the narrative, we see this play out in the bond market with the US 2-year Treasury pushing back to the top of the range...
XAUUSD price made a sharp down move, As price is in correction mode now as well as price is above the support area, I expect the price to move higher Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
The xau market is bullish for this week. It has created a top mitigation at 2064 making that zone a liquidity free zone, a minor daily retracement is expected ranging on an 8pip drawdown, we are expecting xau to be bullish by the end of the week
The highest price of gold this week was 2065. On Friday, non-farm payrolls did not break through 2065 and fell directly from 2057 to 2027. If gold falls back to the 2048-2055 range at the opening of next Monday, you can sell gold. It can be bought in the short term based on the vicinity of 2030. Gold trading strategy suggestions: SELL 2045-2050 tp2035-2030...
I am bullish on GOLD. I did an analysis on DXY (Dollar Currency Index) and I found that DXY has little bit more strength then it may fall back and GOLD will rise.
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 Confirm Buyside Liquidity it can go 2060-2065 if it break up then go more we looking for sell form 2060-2065 after confirmation .....
By checking the EUR/USD chart, we can see that after entering the supply range of 1.089, the price faced heavy selling pressure and was able to correct it by 110 pips to 1.078! Now, if the price manages to maintain the support of this range, we can expect EURUSD growth from this level! The price has created a new FVG that I expect to be filled in a short time! ...