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...
TAKE PROFIT 1 : 2314 TAKE PROFIT 2 : 2324 STOP LOSS 2302.97 When hitting targets ; ⭐️Set Break-Even after first target. ⭐️Partial close at minimum 40-50 pips. ⭐️Implement minimum 2 layers in the zone Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital
XAUUSD possible trending up for wave e ( Blue circled) on an expanding triangle in wave B (red).
Gold now is in a box from 2310 - 2318. Sideway was take place in 11hours. Maybe we will see a new higher high today, in US Session.
Last week we had strong market fluctuations - Looking from the US economic perspective, we see that with the economic indicators announced last week, we see a number of important issues. - ISM PMI index, which is an index measuring the development of the industry, is lower than 50 standard units of this index, signaling that the industry is slowing down. - The...
Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it at once broke $2375 level and fell to support line of channel. Then price some times tried to rise, but anyway fell back to support line, which coincided with $2320 level. Later Gold made upward impulse higher...
12th June (FOMC Decision Pending) DXY: Could test and reject 105.60 resistance before trading lower (dovish FOMC) down to 105 support. NZDUSD: Buy 0.6170 SL 25 TP 45 (DXY weakness) AUDUSD: Sell 0.6560 SL 20 TP 65 (DXY strength) USDJPY: Look for reaction at 158 resistance Buy 158.20 SL 40 TP 115 or Sell 157.70 SL 40 TP 115 GBPUSD: Sell 1.2750 SL 25 TP 60 (DXY...
What are your thoughts on the current gold price? At the moment, gold is trading higher than it was at the start of yesterday's session, approaching the 2313 USD mark. The Bollinger Bands indicator shows a widening downward trend, suggesting further price pressure. Additionally, the descending trendline formed from the previous two peaks remains unbroken. This...
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.
SELL scalp 2315-2320 SELL swing 2332-235 -- The economic easing through some of crucial banks in lots of primary nations has triggered the neighborhood currencies of those nations to decline, thereby pushing the USD up. Gold fees are thereby situation to corresponding downward strain as a not unusualplace rule. However, due to the fact gold rate had dropped very...
Gold, after modest gains over the past two days, trades with a negative bias during the early European session on Wednesday. This slight downturn, however, lacks momentum as traders await crucial US economic data releases later in the day. Market Sentiment and Anticipated Economic Data Traders are keenly focused on the upcoming consumer inflation figures from...
The gold market is in a lull ahead of the Federal Reserve's (Fed) FOMC meeting, with prices trading around $2,330 USD/ounce. Trading today could be relatively subdued as investors await crucial information from the Fed. The Fed is expected to hold interest rates at this meeting, but statements and future guidance from Chairman Jerome Powell will significantly...
Here on Gold price has been falling after the news released of Non- Farm Payroll so it made some up moving this is like to fall after the retetest . So is expected to go for SHORT and apply money management.