In the Asian market on May 22, spot gold suddenly dropped in the short term but did not affect the main trend. Gold price fell sharply from the highest level of the session as of the time this article was completed, which was 2,426 USD/oz, and set a new intraday low at 2,412 USD/oz. OANDA:XAUUSD fell from record highs earlier this week as the Federal Reserve...
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 28 May 2024 BUY LIMIT Order: $2342.32 Stop Loss: $2332.04 Take Profit 1: $2352.36 Take Profit 2: $2365.71 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
The Gold (XAU/USD) is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support. Pivot: 2,372.52 1st Support: 2,325.45 1st Resistance: 2,397.30 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
By diving into the #Tesla stock chart, we can observe that the price has reached a critical supply zone. The pattern emerging on the chart suggests that a significant downturn in Tesla's stock could be imminent. However, keep an eye on the crucial resistance at $199—if the price breaks and holds above this level, it would invalidate this bearish outlook. Should...
Gold is neutral on its 1D technical outlook (RSI = 50.016, MACD = 12.800, ADX = 25.902) as it completed today the second green 1D candle in a row. We don't think that the current bearish wave of the 1 month Channel Up has bottomed yet, since the HL trendline is a little lower around 2,315. We are prepared to buy after the 1D RSI crosses over its MA trendline and...
www.tradingview.com gold is currently trending within an ascending triangle approaching the 2354 resistance level. should it break through the 2354 maek the asset may be driven to retest the 2387 level
Hey Everyone, Great start to the week with our chart idea playing out, as analysed hitting our open bullish target at 2350. We were able to trail this to 2358 for a nice catch. We are now seeing ema5 lock above 2350 opening 2365 and 2378. 2365 will need a ema5 cross to further confirm the 2378 gap. We now have gaps above and a retracement range below that has...
Today, gold once again tested Friday's US market high near 2347 and continued to fall. It did not continue to sprint to the 2350-2355 area. Gold is still in the low-level shock repair stage. Moreover, there is some lack of strength during the rebound. Based on the current situation, gold may have to trade time for space. Gold's rebound failed to break through the...
The provided chart is a daily candlestick chart for Gold Spot (XAU/USD) on OANDA. Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily (1D) - Data Range: From early March 2024 to late May 2024 Price Analysis: - Current Price: $2,355.55 - Price Movement: The price has shown an overall uptrend from March to mid-May 2024,...
Stops and liquidity have been hunted above the resistance zone, suggesting that gold (XAUUSD) can continue its downward trajectory towards the $2315 level. The chart shows a bullish trendline, and a break below this trendline will serve as a confirmation for initiating sell positions. This break would indicate a shift in market sentiment, reinforcing the bearish...
FX:XAUUSD is trading in the range of 2335-2397. Bulls are trying to keep the price from falling, countering the market in the 2330-2340 area. A rebound may reach local liquidity zones. At the moment the market is bearish but also volatile. Any news could have a strong impact on the dolar and gold. In the mid-term, since after a false break of support a...
My dear friends, GOLD looks like it will make a good move, and here are the details: The market is trading on 2352.2 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2384.1 Recommended Stop Loss - 2328.8 About Used...
the last week we have witnessed the biggest fall in a week in last 5 months. what will be going to happen in the coming week is much anticipated thing for traders. our viewpoint is there will be an upward correction in the trend and the retracement zone for the market is from 2327-2333 area and the growing geopolitical tension in the middle east will also be an...
With investors' expectations of interest rate cuts in the market increasingly decreasing, especially when statements from Fed members last week all hinted that there will be no plans to cut interest rates in the near future. This interest rate causes the expectation to buy gold to decrease, leading to a weak demand for accessing the market. Looking at H1 last...
The gold market has had a volatile week, recording record highs before plummeting. On Monday, the price quickly reached a new historic high of 2,450 USD but could only hold there for a short time and then retreated to close at 2,426 USD. On Tuesday morning, gold prices began to decline slightly but still had a retreat and closed at 2,421 USD. This small decrease...
My dear followers, I analysed this chart on GOLD and concluded the following: The market is trading on 2334.0 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2372.3 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
The 1-hour moving average of gold continues to cross downwards and the short position is arranged. The decline is not over yet, and there is still room for decline. The U.S. market is closed today. The market is likely to fluctuate slightly. Since it has already risen, don’t chase more, or choose Sell at a high position is safer. The current price of gold is 2347,...
Dear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to...