we are tracking a descending channel pattern, outlined by the red boundaries. Currently, gold's price has rallied to the upper resistance of the channel, marking a pivotal moment for traders. Should the price adhere to the channel's resistance, we anticipate a potential reversal heading back down. However, unlike previous lows, a higher low is expected this time...
Looking like the sell I wanted yesterday is setting up, again 4 out of 5 requirements met. If trend breaks I will not be adjusting my bias, I will just sit this one out
- Quite a run on gold - Left a lot of inefficiencies behind 2 potential targets annotated on the chart Gold can take its sweet time to accumulate shorts This week will be interesting, potentially choppy
Triangle consolidation, rebound stage, buy, tp2319/2322
Yesterday, our direction was bullish, and we bought at 2315, successfully winning TP1:2325 and TP2:2330. Today, the price of gold began to continue to fall. The short-term energy has become stronger in the short term, and we need to change the direction to bearish. Judging from the one-hour chart, the lows are now constantly being refreshed, and it has also...
Core Analysis System (SMC) 1 Price, 2 pattrens, 3 Volume ,4 Volitality, 5 Momentum, 6 Time, 7 Sentiments 🕛 TOPDOWN Analysis H1 shows a bullish structure with price successfully touching its extreme Point of Interest (POI). Afterward, it provides a bullish confirmation, indicating readiness for a bullish position on the 5-minute timeframe. 😇 7 Dimension...
XAUUSD | 30 Min Safe Zone Hey Traders ! Hope you are doing well Keep trading simple with us .. - Resistance Levels 2316.00 - Next Resistance Levels at 2321.79 - Firstly we have to observed the circle which indicates if #XAUUSD break the Trendline our Target would be at 2331.00 and then 2344.00 - If #Gold completely reject the Trend line our Targets would...
OANDA:XAUUSD 1/ US Fed's Interest Rate Stance: Neal Kashkari's remarks on maintaining a high interest rate amidst rising inflation could bolster the US dollar 2/ Middle East Tensions: Israel's limited operation in Rafah has stalled the upward momentum of gold prices, indicating a temporary halt in geopolitical concerns 3/ Impact of Interest...
Gold's 30-minute rise is no longer strong enough and is beginning to be suppressed by the downward trend line. Gold's 30-minute moving average is about to form a dead cross. If a dead cross is formed, gold will have room to fall again. The resistance of the gold trend line has now moved down to 2325.
Hi there, 105.6 level of usd index is important for this week. You could sell it in this level with TP and SL we mentioned for you in chart. Be profitable
Gold price adjusted slightly down in the past session, unable to break the previous peak around 2330. The situation has not yet had any notable changes, we can still keep the current comments, temporarily divided into two cases. Case: First, if the price breaks below 2280, the price may follow the previously formed two-peak reversal pattern, towards the 2200...
"Gold (XAU/USD) attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, driven by geopolitical tensions and political uncertainty, as well as central bank buying activity, may contribute to pushing gold prices higher. However, hawkish remarks from Federal Reserve officials could dampen hopes of interest rate cuts in 2024, despite...
GOLD FORECAST The current analysis indicates a bearish trend for gold, as long as it remains below the 2325 threshold. At present, the price seems primed for consolidation between 2327 and 2302 before any breakout occurs. The prevailing bearish pressure suggests that if trading persists below 2325, a decline to 2304 is likely. Although there might be temporary...
Currently in a bearish channel with the short-term trend line recently broken. Consider two short entries: First entry: Short from 2325.40, a significant level in the chart. Second entry: Short from the zone comprising the weekly pivot, top of the channel, and a reversal point. Target price (TP) could be around 2287.00.
By checking the EURUSD chart, we can see that after entering the important demand range of 1.068, the price was accompanied by buying pressure and was able to increase by 130 pips to 1.08120 and fill about 50% of its old FVG! The price is currently trading in the range of 1.077 and I still expect the price to grow to higher levels such as 1.08130, 1.08470 and...
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.
By checking the #NASDAQ Indext Chart in the 4-hour time frame, we see that the price is close to an important supply range (18085 to 18175 and 18250 to 18340) and we will probably see a drop of #NAS100 soon, The possible targets of this drop will be 17940, 17780 and 17670 respectively! Please support me with your likes and comments to motivate me to share more...
Preferred direction: Neutral Comment: Metals , for the most part, continue to stagnate, making entry difficult and leading to better times. The most likely scenario today is a modest increase to 2343.869 , where the instrument will most likely continue to be on the balance, since buyers do not yet have the strength to grow (scenario №1) . An alternative...