In our video on 6 May we suggested that gold may be charting a bullish falling wedge. The precious metal has now broken out and is moving upwards from that pattern. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs...
Trading Setup: There is a Trading Signal to Buy in Gold XAUUSD Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2307.7 ⭕️SL @ 2289.4 🔵TP1 @ 2350.0 🔵TP2 @ 2377.3 🔵TP3 @ 2424.2 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...
A lot of people and traders were expecting this precious metal to fall...just looking at whats in front of you doesnt allow you to see the cogwork that moves gold, following a respective pivot off the 25% quarter level whilst also showing the inability to push below2300 for multiple days which caused a consolidation in 1+2HR but a bearish flag on 4HR which is a...
What goes up must come down, this move up was as expected it has cleared a lot of the early sellers stops, I expect price to use this liquidation to drop lower from 2371 to lows of 2306 and later on to 2200 for a proper correction. Use proper risk management
10th May DXY: Consolidating, look to retest 105.50, then trade lower to 105 round number support. NZDUSD: Sell 0.5975 SL 15 TP 40 (Possible double top) AUDUSD: Waiting, looking for a reaction at 0.6660 USDJPY: Test and reject 156 (breakout of bullish channel) Sell 155.80 SL 40 TP 130 GBPUSD: Buy 1.2550 SL 25 TP 55 EURUSD: Sell 1.0790 SL 20 TP...
After Fridays liquidity sweep to the sell side liquidity we had a major pullback to the 2300 levels. This price is holding very well, I see price heading to 2352 area from here 2316. I have my stops below 2301. Use proper risk management and good luck to you all.
Taking a look at the big picture for XAUUSD, we're definitely riding a bullish wave, especially when you zoom out to the monthly and weekly charts. There was a bit of a dip recently, with the daily chart showing some bearish moves, but things are looking up again. We've spotted some bullish price action kicking in i.e. a clear break of market structure on the 4H...
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)
Gold in a narrow range. We are waiting for a shot from the current zones to the next ones. A good wide trade could work out. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely...
📈 Gold Analysis & Key Levels for Next Week 📉 🔹 Resistance Levels: 1. Resistance 1 (2347 - 2360): 🛑 Sell Zone 🛑 2. Resistance 2 (2397 - 2432): 🚫 Strong Resistance 🚫 🔸 Support Levels: 1. Support 1 (2227 - 2267): 💰 Buy Zone 💰 2. Support 2 (2222 - 2189): 📉 Critical Support 📉 3. Support 3 (2143 - 2163): ⚠️ Deep Support ⚠️ 💡 Trading Strategies: - **Pullback...
Gold, Short at 2380 +/- toward wave IV ( green ) of ending diagonal pattern in wave (c) (red) by 22 May 2024.
Gold has been rising slowly today without any correction, but it is not yet certain whether the rise in risk aversion can continue to amplify. Gold will continue to rise, and there must be news to stimulate further support. Gold has now reached the early intensive resistance area, and beware of a pullback under pressure.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
In fact, everyone should have noticed that the market this week is too boring. Gold currently continues to fluctuate in the range of 2320-2307. This gives many people who trade gold a headache. So what will be the short-term trend of gold? This is a point of concern for many gold traders. Combined with the picture above, the market is currently in the stage of...
Gold prices continued their uptrend on Thursday and rose more than 1% as US Treasury yields fell, reducing the greenback's appeal. Labor market data from the United States was weaker, increasing the chances of an interest rate cut by the Federal Reserve despite facing inflationary pressures. XAU/USD's daily chart shows it has slowed its recovery around the...
depending on the support and resistance lines we can say that gold ll try to make new high to 2350 ....then ll go down to 2258 .... in this comming days ... =========================================== good luck
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.