XAU/USD decreased slightly and is trading around 2,312 USD/ounce. Traders are being quite cautious ahead of tonight's Fed policy meeting, because if the inflation report shows no improvement, the Fed may continue to hawkish. This means that both the USD and US yields will rise to the detriment of non-yielding assets like gold. "The next important level is 2,300...
As gold has given a very nice long trade and now as it has moved to its destination an H4 Resistance as confluence other confluance is moving average 50 which could also been seen to move gold towards sell also the confluence is parallel channel which indicates us a bearish flag pattern which is also an indication that gold can go down as news is also expected...
Dear friends Gold prices increased slightly despite the recovery of the USD as investors are still "waiting" for important US inflation data and the results of the US Federal Reserve's (Fed) policy meeting to know more details on the central bank's plan to cut interest rates compared to the inflation target. Currently, traders are worried about the Fed's policy...
Dear traders! XAUUSD is consolidating above the $2308 level, but at the same time a descending wedge is forming. Theoretically, the price should break the support, which would constitute a breakout at the 2308 level. On H1, the support level 2308-2308 formed and the price has been pressing towards the support level for several hours, which increases the...
i am expecting bullish but first down move in xauusd
XAUUSD, Expecting first down move before up in M30 timeframe
Gold ready to fly 2325.00 level with cpi data if unfortunately broke 2313.00 support level wait retest the support area 2310.00 - 2313.00 for selling gold if broke 2319.00 level can go for buy order
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Despite the strength of the US Dollar, spot gold OANDA:XAUUSD still increasing strongly and stably. Growing expectations of interest rate cuts by the Federal Reserve and falling US bond yields have provided bullish momentum for gold prices. In addition, tensions in the Middle East have stimulated gold prices to attract safe-haven buying. Benchmark 10-year U.S....
It is obvious that gold has been fluctuating and adjusting in the past two days, which is the same as we expected, but the amplitude is even smaller. The market rhythm is relatively slow, and it has been in a narrow range around 2315. Such a small fluctuation indicates that a big market is about to appear. Today is about to usher in the CPI + Federal Reserve...
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For XAUUSD today analysis, I am expecting a Bullish move from M30 OB 2300-2303 area
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Break of Structure RSI - Divergence Completed " 1234 " Impulsive Waves Fibonacci Level - 38.20% / 50.00%
www.tradingview.com The gold market is currently in a holding pattern, with traders reluctant to make premature decisions due to upcoming significant news. A consolidation below the level of 2315 is observed. A false break of support has led the price to retest the 2310-2315 range, after which traders are pausing before the news release. All attention is...
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago price started to trades inside an upward pennant, where it at once made a strong impulse up from the support line to the resistance line, which coincided with the seller zone, breaking 2285 and 2415 levels. Soon, the price turned around and in a...
Good afternoon, investors and those interested in the gold market! Against the backdrop of global fluctuations, including movements in the USD, global economic conditions, and geopolitical tensions, the price of gold has attracted significant attention from the investment and trading community. In the afternoon trading session today, the price of gold has...
The global gold price has seen a slight increase of 0.09% over the past 24 hours, equivalent to a rise of 2.02 USD/Ounce. Gold prices have edged up despite the US dollar's recovery, as investors remain eagerly awaiting key inflation data from the US and the outcome of the Federal Reserve's policy meeting. The H1 chart shows signs of a Bullish pattern gradually...
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