Preferred direction: BUY Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to...
Preferred direction: BUY Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the...
Gold is still in an uptrend. Tomorrow I will focus on two key points. 2142-2145/2114-2120. If gold undergoes a deep correction, it will steadily continue to rise, accompanied by rising information. I think gold is steadily rising. On the contrary, if gold rises directly, it will fall sharply due to lack of support below. Therefore, I will continue to pay...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 123 " Impulsive Waves Bullish Channel as an Corrective Pattern in Short Time Fame RSI - Divergence Break of Structure Fibonacci Level - 261.8%
GOLD broke out from main trendline and looks good to take a retrace here. I expect a quick drop till the first support zone at $2124. On higher timeframe i think it could drop more reaching $2110 first and $2080 second
There is a great BULLISH setup on the Gold Monthly chart. It's a long-term trading opportunity. There has been a descending trend line which has been broke to the upside and re-tested. The market has bounced off this trend line with force. A strong area of resistance has been re-tested many times. The price moved strongly above this area and is about to...
Hello traders! This is an area where I have been expecting gold to fall for a long time. Since the price has reached the POI, I will wait for additional confirmation to go long to $2500. This is the idea of swing/position trading (very long term). It can also be considered as an investment idea. However, the risks must be calculated and you must have a proper...
Re-analysed our entire wave count as Gold decided to go ahead & create a complex Wave 5 completion. Instead of finishing Wave X at the 2023 high of $2,141 we saw a steeper move, creating a new all time high at $2,165 taking out a lot of sellers. ⭕️Wait For A BOS (Selling Confirmation) At $2,123. ⭕️Overbought & Choppy Market Conditions. ⭕️DXY Strength Incoming Soon.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it declined to support level, which coincided with support area. After this, XAU tried to rise, but when it reached resistance line, it bounced and declined lower than $2015 level, breaking it. Also, Gold...
The recent price action on the GOLD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Today's EUR interest rate decision, where the European Central Bank is expected to maintain the current rate, could lead to a stronger euro and a weaker dollar. This might decrease the demand for gold, causing XAUUSD to potentially drop to 2115. Keep an eye on the announcement for trading decisions.
Upon reviewing the gold chart on the daily timeframe, we observe that as expected, gold continued its rise up to $2140 yesterday and then underwent a price correction, dropping to the $2122 range! Now, the price is once again gathering the necessary strength for a further ascent and is currently trading around $2132. Note that the upcoming supply zone for the...
Gold (XAUUSD) broke the previous All Time High (ATH) yesterday as expectations over a June rate cut intensified. In order to determine our short-term strategies on Gold we often tend to look at the long-term time-frames for trend recognition. This time we look at the 1W chart and in particular how Gold's previous Cycle compares to today. We could look at those...
#XAU #XAUUSD #GOLD #Short #ShortSetup #Eddy I'll Think Its Time to short Gold ;-) In the monthly time frame, it looks like we have the third collision and the completion of the monthly divergence. What you think!? Related Analysis of Gold : (( XAU/USD )) : Check Link :
Just realized I did not include my set up from yesterday Here is a recap, Caught TP1 for 40 pips, Second position got closed at 40 pips as well being that gold whipsawed back to entry and SL. Could have got back in and ate another 200 pips but the trading plan said no.
Analysis Overview: In recent weeks, XAUUSD has been caught in a sideways consolidation, leaving traders pondering its next major move. However, a recent uptick in price action hints at a significant development. The question now is whether this surge represents the final leg of our Wave B or if the momentum will carry the price further up, potentially breaking...
Daily/4h time frames analysis for Gold. Potential scenarios ahead of Powell Testimony. Key levels, price action analysis. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s...