Gold Trade Idea Result: Entry Point : Near the support level of $2176.33 - Reversal Pattern : A Pin Bar or Bullish Engulfing pattern was observed with high volume. - Position : Long position was initiated based on the reversal pattern. Exit Point: The position was closed with a profit of approximately 40 pips . This trade successfully capitalized...
Weekly just did nice breakout from super strong resistance. Price tend to pullback to before continuing to higher price. H4 time frame: We can price divergence: price is making higher high while AO is making lower high. The buyer is geting weaker. Let's monitor price action and look for SELL OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
Preferred direction: Neutral Comment: Bitcoin , like gold , continues to break records, and most likely, in the short term, just like gold , a new high will be recorded. In the very near future, perhaps even during the weekend, we will already see the price of the coin at the level of $70 000 and even higher. However, it is unlikely that the instrument...
**Trade Idea for Gold:** 1. **Observation Phase:** - Monitor the 1-minute chart closely for high volume activity. - Look for a ** Pin Bar ** or **Bullish Engulfing** pattern near the support level of **\ $2176.33 **. - Conversely, watch for a ** Pin Bar ** or ** Bearish Engulfing ** pattern near the resistance level of **\ $2187.71 **. 2. **Entry...
Gold price trend to continue buy during Session It is expected that price will continue In the buy trend and can approach The price range of 2177 Gold buy from 2177-2175 Target zone 2200 Note: Always wish you to manage your Capital safe Take small lots which suits your capital The winner is the who sticks with the market Give us like and support
Hi Traders Gold price is ready Gold is currently experiencing a Worldwide uptrend and has reached its highest price ever I predict that the market will bounce back From the main resistance level and move towards the nearby support level Gold buy from 2177.. 2175 1st Target. 2190 2nd Target. 2210 If this post is useful to you you can support me...
🔖XAU/USD, H4🔖 11 March 2024 Gold prices enjoy continued gains, propelled by a weakening US Dollar. A series of lacklustre US economic data, coupled with dovish statements from the Federal Reserve, diminish the appeal of the greenback. The focus shifts to forthcoming inflation reports, where a continued decline in US inflation may heighten expectations for Fed...
For a longer period of time investors are waiting for a clear signal that the Fed will make their first move on cutting rates, or so-called the pivoting moment. It happened during the previous week at Fed Chair Powell`s testimony to the Senate, where he noted that most probably the rates will be cut “at some point”. As markets are discounting immediately every...
FX:XAUUSD in the distribution phase updates highs to 2195. Price enters resistance zone while the dollar index gets a dose of negative news and high inflation. CPI, Core retail Sales, Initial Jobless Claims and PPI are worth watching in the coming week. Also, quite a few FED & FOMC speeches after Powell's two day speech that said nothing new. The dollar index...
I see no reason for gold to fall. The fundamentals are very strong, as is the technical analysis. We have seen that even inflationary NFP have failed to move the market in opposite direction. I would use every single drop to buy gold. According to my Elliot wave count and also the type of market structure, gold has more room to rise before a major retracement or...
This is a large trade with large targets and stops so make sure you're using a risk management calculator and using the correct % size. I recommend nashmarkets risk calculator and 2-5% risk per position.
Gold prices broke records this week, reaching $2,150/ounce. The strong recovery was fueled by a weakening U.S. dollar and falling Treasury yields on bets that the Federal Reserve could start cutting borrowing costs sooner than the Federal Reserve proposed. policy makers. While Fed Chairman Powell has signaled that the central bank is in no hurry to cut interest...
Let's dive into this week's enthralling gold market update! Since February 28, the gold market has been on a thrilling ride, soaring to new heights only to gently return to around $2,160 per ounce in Friday's Asian trading session. Market expectations that the Fed might cut interest rates in June have injected fresh momentum into gold prices. And none other than...
Personal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer...
Gold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high). However, there are three points to note: 1/ the increasing force is showing signs of decreasing; 2/ Price has increased sharply for many days, creating heavy overbought signals; 3/Selling pressure is showing signs of...
– Last Weekly candle closed extremely Bullish breaking above the all time high formed in December 2023. Friday Daily candle closed strong Bullish around 2179.300. I’ll be looking for potential Buys above 2185.800 targeting 30min Resistance around 2194.000 and Strong Key Level around 2200.000. I’ll be looking for potential Sells below 2170.800 targeting 1h previous...
good evening gold gang! its that time again wowwwww what an insane week last week .. i stopped analysing as it was trending so dang hard it was just buy every pull back lol I wonder what we will get this week as dollar is still in freefall .. could we see higher pricing? i think we can I wont be looking at any sell until the 2207 projected algo level. Then i...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...