Hello traders ,what do you think about GOLD?Gold is moving in a descending channel and is below the resistance zone. It is expected to fall at least to the specified level after the completion of the correction and breaking of the specified trend line. If this post was useful to you, do not forget to like and comment.❤️
FX:XAUUSD rises on Tuesday and Wednesday amid unexpectedly weak news in the US market, but at the same time the dollar does not tend to fall. Today is a day off in the US and gold is creeping up towards resistance. The price is resting in the strong resistance area of 2332, the limit resistance level formed by the sellers does not let the price go beyond it....
In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range. If it maintains support between $2309...
FX:XAUUSD continues to be under strong pressure from sellers on the back of a strong dollar. The market failed to overcome the 2325 area and is heading for a support retest. Ahead of the news (Core Retail Sales, Retail Sales), increased volatility is expected. Traders are expecting neutral-bullish data against the US market. If the figures are higher than...
Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) . In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend . I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical...
Dear Traders, After looking at how price has behaved strangely suggesting a possible price reversal, if price drop it is likely to have. a swing bearish move since there is no strong reason for price to retest the 2277 region as it already has done once. There is another strong possibility is that, below price area of 2270 needs to be filled so we can expect...
Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point. the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar. we expect a bearish fall till 1.0720 and...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure Consolidation Phase in Short Time Frame RSI - Divergence Bullish Channel in Long Time Frame and Rejection from Upper Trend Line
according to the 4h timeframe the chart made this "TRIANGLE" pattern, as you can see the price manage to break the pattern and close above it with 4h candlestick. also on small timeframes starting from the 30mins u will see great bullish price action. 2329.00 will be the entry point and hopefully we can get 300 pips or more from it. i will keep u guys...
The lower-than-expected retail sales data in May in the United States had a short-term impact on the market, but the long-term economic outlook still needs to focus on the Fed's policy trends and changes in economic fundamentals. Investors should remain cautious and pay attention to the global economic situation and geopolitical risks to make reasonable...
Gold faced renewed selling pressure during early European trading on Tuesday, eroding part of the previous day's modest recovery from the $2,287 area, a one-month low touched due to strong US jobs data. Investors are scaling back bets on an imminent interest rate cut by the Federal Reserve (Fed) in September. This has kept US Treasury bond yields elevated and...
A potential sell-off is incoming on the asset. Strong selling now is needed to encourage profitable buyers to cash in, providing good momentum for further price declines, in my humble opinion. Targets: TP 2320, 2311, 2284, 2264 Remain vigilant and agile, always prepared to adapt to new market conditions. The markets will never adjust for you; why would...
GOLD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GOLD Entry Point - 2329.2 Stop Loss - 2347.1 Take Profit - 2300.9 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello traders , This my idea for Short. GOLD (XAUUSD). NOW market on the trend line . once Sell candle confirm on the trend line go for Short.. If you need more my ideas follow me.
Gold is still bullish; Price Action is observed. Use proper risk management and happy trading. OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY
The Federal Reserve opted to maintain interest rates at their current levels and delay any potential rate cuts until at least December. Officials foresee only a modest quarter-percentage-point reduction for the year, emphasizing the importance of managing inflationary pressures. Fed Chair Jerome Powell highlighted that despite robust growth and low unemployment...
Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on. We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this...
Technical Analysis: Gold The price reversed to a bullish trend after closing 4h candle above 2332, so the next bullish station is 2337 and 2357 Current Outlook: The trend appears bullish for today, as the price has stabilized above 2323. As long as it remains above 2323, it is expected to touch 2338, and above it will get 2357 Bullish Scenario: as long...