Gold continues to sit nicely in a strong bullish channel. The major support is at 2038 which is a pullback support level - price could potentially bounce off this level before rising towards our 1st resistance at 2056 which happens to be a multi-swing high resistance. Alternatively, if price breaks the pivot and ascending channel, we could see it drop towards 1st...
– Thursday Daily candle closed extremely Bullish around 2044.500 breaking above recent Daily Resistance. I’ll be looking for potential Buys above 2050.800 targeting 4h Resistance around 2056.900 and Weekly Resistance around 2062.900. I’ll be looking for potential Sells below 2041.500 targeting 4h Support around 2034.500 and 30min Support around 2028.200. High...
Gold gained traction and advanced to its highest level since early February above $2,040 on Thursday. The benchmark 10-year US Treasury bond yield drops toward 4.2% after US PCE inflation data, providing a boost to XAU/USD.As I wrote on Wednesday, “Gold is trading sideways as XAU/USD has failed to break above the $2,035 psychological resistance level for the last...
Gold has approached the sell zone with an upward movement, which was considered in the previous analysis, with high risk, it is possible to use the two types of positions shown to open a bearish position to achieve any of the objectives considered, with stop trailing.
Yesterday, our signal won again. We bought from the price of 2026 and rose to 2038. The profit reached more than 100%. Friends who followed the transaction all made huge profits. From a technical point of view, the price of gold has reached a critical period. The highs are constantly lowering, the lows are also lowering, and it has recently formed a wedge shape!...
we made 140 pips from our area and wmp strategy fallow us for more details and have profitable trade
We tapped into a 2WT zone which could lead to price going down but I have also another possibility in mind where two of my zones are nested. (a lot of orders prob lay there). LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap
• US Treasury yields are on the rise, giving near-term support to the USD. • Investors are waiting for the US Core Personal Consumption Expenditures Price Index. • XAU/USD gains bearish traction in the near term, but not everything is lost for bulls.
Hey Everyone, Piptastic finish to the month with our Bullish targets complete!!! As stated yesterday, market is ranging and leaving gaps both ways but we remain Bullish and will continue to buy dips. - This played out perfectly with ema5 cross and lock above 2036 opening 2044 and 2048 - Both these targets were hit to completing this range. We will now look...
Seen a very nice bullish push up on Gold today, with market moving 200+ PIPS. Still expecting a slow & gradual move into our $2,100 POI before we consider shorting the market back down again & buying it back at a cheaper price!
Indicator will print bull signal if close above 1.08300 on the 15m it would be cosidered a high probability trade 1.ema cross 2.bullish on rsi 3. above hll 4.above blue line 5. ema retest ?6. bullish signal print?
Weekly: Bullish, Retested unmitigated ob 163.150-750, Week closed above recent high, price is 300 pips above last major support and 120 pips from next major resistance. Daily: Bullish, Rejection from major resistance the day before market close, Price is on a 100 pip bullish run breaking major zone without a valid pullback. 4hr: Consolidation, Double top pattern...
I am watching TVC:GOLD after the recent breakdown of a triangle pattern. Price has come back to test the triangle and we are waiting patiently for a signal to go back short. The 1H time frame is almost done filling a fair value gap and it lines up with the bottom of the triangle. Gold can prove to be tricky to pin an entry so i would like confirmation before...
My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2048.7 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal -2032.0 My Stop Loss - 2057.1 About Used Indicators: By the very...
World gold prices increased with spot gold increasing by 10.7 USD to 2,034.9 USD/ounce. Gold futures last traded at 2,045.5 USD/ounce, up 14.5 USD compared to yesterday morning. After a series of stable days, world gold increased on Friday thanks to the weakening of the USD and increased safe-haven buying due to concerns related to developments in the Middle...
Closing the weekend trading session, world gold price stood at 2,035 USD/ounce, a sharp increase of 22 USD/ounce compared to last week's closing session. For the whole week, gold prices increased by 1.4%. The bulk of gold's gains came on Friday as the precious metal was boosted by safe-haven demand and weakness in the greenback. In the context that the US Federal...
With all the excitement this week for the US stock market, and Nvidia in particular, gold has been left on the sidelines waiting for a macro boost. Next week's economic calendar has a host of potential movers with next Wednesday's US Q4 GDP and Thursday's core PCE release the two most likely candidates for a boost. price action. In recent weeks, the Federal...