Based on the M30 chart analysis, we can see that the price has just bounced off our buy entry at 2347.33, which is an overlap support. Our take profit will be at 2363, which is an overlap resistance level. The stop loss will be placed at 2329, which is an overlap suport level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
After analyzing the recent price behavior of gold, it appears that it may have completed wave 3 of a diagonal pattern in a zigzag form. This is followed by a diagonal pattern that could represent wave A, so we can see a recovery soon in the short term through wave B. The analysis shows that this pattern indicates pressure on prices that could lead to a decline...
XAUUSD is falling toward the pivot that aligns with the 50% Fibonacci retracement and could potentially bounce off and rise toward an overlap resistance Alternatively, if price breaks below the pivot, it could continue to fall to another support level Pivot: 2330 Support: 2285 Resistance: 2377 Risk Warning: Trading Forex and CFDs carries a high level of...
Market Analysis PT2/2 (13th May 2024) XAUUSD Analysis On the daily timeframe, we have created a Change of Character to the upside at the 2352 level. Currently price is creating a pullback towards that key level. What i want to see is for price to come down lower towards the 2352 level before deciding whether to long or short. If price fails to create a 15...
My Dear Robbers / Traders, This is our master plan to Heist Gold Mine based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 Plans with target in the chart focus on whether Long or short entry. Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous level market is overbought / Consolidation...
A simple trade idea into Fridays low. As price has already tapped into a key buyside pool on Friday, I'm anticipating a bearish continuation towards sell-side pool below yesterdays low. Potential RR on this setup is a 1:3+
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Gold remains one of the most valuable and sought-after assets in the investment world. With a good understanding of the factors influencing gold prices, as well as careful technical analysis, investors can identify profitable investment opportunities in this dynamic gold market. However, like any investment, it is important to conduct thorough research and...
After the bullish signal with the extremely strong marubozu candle on the daily, the price continued to go up in the last session of the week, the 2360 level that we are observing was also penetrated, but by the end of the session the selling pressure returned. and forced the price to fall below this level, creating a rather long candle shadow above - the bearish...
Technical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows. Furthermore, another bullish pattern has...
World gold prices tend to increase with spot gold increasing by 3.2 USD compared to last week's closing level to 3,362.9 USD/ounce. Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. Experts say that next week is an important time to decide whether...
If every body accompanied closing night, I analyzed in pretty element the Gold Price Range and Ma`s Trend. >With the Current Price Range and Marginal Margin, this Morning anyone is looking to Buy GOLD round Zone 2352>2356 SL 2350 TP 2362>237x >Because the principle fashion of the marketplace is Buy, Gold can nonetheless boom returned to 24xx withinside the close...
The global gold price continues its upward momentum, with gold rising to $2,360 USD per ounce. As a result, the precious metal sees its strongest increase in five weeks, as investors increasingly believe that the US Federal Reserve will soon loosen monetary policy. Furthermore, optimism rises as recent data suggests a slight cooling off in the US economy. This...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 13 May 2024 BUY LIMIT Order: $2358.02 Stop Loss: $2345.07 Take Profit 1: $2370.72 Take Profit 2: $2387.60 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Hello,Traders! GOLD broke out of the Bullish wedge pattern and Went up just as I predicted And is now going down To retest a horizontal Support level around 2346$ And as we are bullish biased We will be expecting A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
For this week on gold we're looking for price to play within the bullish range that it created on Friday price played pretty much perfectly within our bias that we gave out last Sunday. Following the same principle we have tapped into the 50% of the bearish auto block above meaning that we are expecting price to drop lower and break out of the range that we are in...
After the change of direction in Gold when the trade ideas was posted, Gold managed to reach our TARGET area with only 2pips to hit. For more trade ideas, comment in the section below which pair you would like us to analyse and share an idea on. OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY
Risk appetite improved as bets increased that the Federal Reserve could begin easing policy sooner than expected. This comes after Friday's nonfarm payrolls report showed the economy continued to create jobs, albeit at a slower pace. Basic support for OANDA:XAUUSD Market participants continue to digest the latest data from the United States as the April...