Discover an enticing selling opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Hello traders, Gold has breached the 2200 historical level due to US Dollar weakening across the board. However, the uptrend might not last long as price is approaching the top of the channel(technically) We recommend traders to watch out for bearish candlesticks in the 2205-2225 zone . If there is bearish price action in the zone that we have highlighted in...
Gold price increased sharply in the past session, breaking the accumulation zone and confirming the triangle pattern and the continuation of the uptrend. Despite not being able to create an ATH in the previous session, the bulls did it this morning, the price briefly broke the 2200 level and then encountered selling pressure again. However, it is likely that the...
Although nearly unchanged as compared to the day prior to this morning, the fee of the yellow steel has dropped sharply at some point of the day. On March 21 (US time), gold constantly conquered file highs way to the dovish speech of americaA Federal Reserve (Fed) on the cutting-edge coverage meeting. The valuable steel hit an all-time excessive of $2,222.39...
"I am considering investing in gold and wondering if it will drive sellers out of the market. I have decided to take the deal and buy with low risk from 1 to 3. Observing the recent candlestick chart, I believe there is a liquidity pool below that I can benefit from a potential rise in gold. Best of luck to everyone else investing in gold."
Greetings, cherished companions, Today, gold is trading steadfastly above the $2200 mark, sustaining its upward momentum with a recovery of nearly $18 in the early trading hours. Yesterday's news brought another round of optimism as the Fed Chairman hinted once again at potential rate cuts within the year, bolstering traders' confidence and triggering a flurry...
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) Signal For 22 Mar 2024 Trade Idea 1 SELL LIMIT Order: $2194.68 Stop Loss: $2223.17 Take Profit 1: $2166.45 Take Profit 2: $2151.09 Trade Idea 2 SELL LIMIT Order: $2201.34 Stop Loss: $2223.17 Take Profit 1:...
Gold, the perennial symbol of wealth and stability, has recently found itself at a crucial juncture in the financial markets. With its price hitting a previous high of around $2150 per ounce, it appeared to have found a sturdy support level. However, market analysts are now observing a potential shift in momentum. The rally in gold prices, characterized by five...
Natural Gas Price Fo#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 03:15 AMEX:UNG Stock Forecast 05:00 USO Oil Stock Forecast 06:29 DXY US dollar Stock...
Dear friends, gold fell back after rising high during the day. Gold continued to fall during the U.S. trading session. At present, gold fell back to the lowest position near 2166. The gold trading orders that we gradually shorted in batches all left the market with profits near the 2170 position, continuing our 9-game winning streak for gold! According to the...
Resumption of the rate up to 151.00 and rebound of the US Dollar: The US Dollar has shown a recovery, bringing the USD/JPY rate back up to 151.00. This suggests an increase in demand for US Dollars compared to the Japanese Yen, which could be influenced by a range of economic and geopolitical factors. Upward revision of US economic outlook: The upward revision of...
Gold still maintains strong support as the watershed of 2140. On top of this, we mainly organize and deal with it according to the high range of 2140-2195; we can maintain the idea of buying low and selling high; at the same time, treat this wave from the range of 2080-2195, Pressure and support, the pressure position is 2165-2170-2175-2180-2190/95 in the...
Gold prices have entered a consolidation phase, oscillating within a narrowing range, which could be indicative of a forthcoming significant move. The Bollinger Bands on the chart are beginning to tighten, often a precursor to a breakout. Currently, prices hover just beneath the previous all-time high, suggesting that gold is testing critical levels. The recent...
The price of Gold is currently positioned at $2181, following an evident breakout on the chart. The market sentiment is cautious as traders are seeking confirmation before confirming a bullish trend. The breakout is a critical juncture, as noted on the chart, indicating that a new price range could be on the horizon for Gold if the breakout is confirmed with a...
Gold has had a strong rally after holding the 1W MA50 on the week of February 12 2024 and remains almost overbought on its 1W technical outlook in the past three weeks (RSI = 68.498, MACD = 43.750, ADX = 37.013). The grand pattern on 1W has been a Channel Up dating back to late 2019. As shown on the chart, the last two HL were on the 1W MA50 and 1W MA200...
In early trading in the European market on Thursday (March 21), spot gold continued its intraday gains and was currently trading around 2207, rising by more than $20 during the day. The Federal Reserve said on Wednesday that it would still cut interest rates three times by 25 basis points each time before the end of this year. Federal Reserve Chairman Jerome...
Hey there, fellow traders! Get ready for another exciting play in the forex world – this time with NZD/USD gearing up for a buy opportunity. Here's why you should be paying attention: 🔍 Let's Talk Numbers: We're eyeing a buy entry point at 0.60300, with a smart stop-loss set at 0.60043 to keep risks in check. Our first target? A juicy 0.60803, offering a sweet...
Hey Everyone, Absolutely amazing finish on this chart idea!!! We posted this chart idea last Sunday with our Bullish targets all the way into 2206. We had the 2151 test earlier this week for support, as highlighted on the chart with no cross and lock below confirming the rejection for the bounce into 2171 weighted Goldlturn. Ema5 then gave us the cross and lock...