Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD finished the session around $2,030, slightly below a confluence resistance zone near $2,035. Many...
– Wednesday Daily candle closed Bullish within recent Daily Range as price continue to consolidate. I’ll be looking for potential Buys above 2038.100 targeting previous Weekly Support formed on 8th January 2024 around 2045.400 and 1h previous Support formed on 2nd February 2024 around 2052.500. I’ll be looking for potential Sells below 2030.300 targeting Daily...
Gold has reached the top of the 4H Channel Down pattern, while the 4H MA50 and the 4H MA200 just formed a Golden Cross. Despite that, and as long as the 1D technical outlook isn't bullish (RSI = 54.450, MACD = -0.200, ADX = 28.783) but more importantly the price is inside the Channel Down, the sentiment remains bearish. The 4H RSI is on the same kind of Bearish...
broke structure rejecting this resistance zone on higher time frames. supply area rejected. looking for a nice 300+ pip move great risk to reward setup
FOREXCOM:XAUUSD does not reach the resistance zone. Another strong seller appears on the market. The market pressure is formed and the price of XAU forms a set-up that predicts further decline to the range support. Today at 13:30 the US GDP will be published. Analysts expect GDP to decrease by 1.6%. But based on the general data there is a possibility that...
For 3 months DXY was in a decline from October 2023 to December 2023. Price went on to create the perfect leading diagonal, consisting of 5 waves. On the 28th of December, we were anticipating price to complete the diagonal and bounce off our diagonal support and reverse. Price went on to do exactly that! So, how do we use DXY to find setups? DXY can be...
Hey Everyone, Once again we saw price range between the two structures. The retracement range is holding well with another retest bounce from the retracement range into 2036. As part of our plans, we used the support areas to buy dips perfectly inline with the levels. As stated yesterday market is ranging and leaving gaps both ways with 2020, 2016 bearish gaps...
As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot. Focus on the PCE data this Thursday, which will have an impact on the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame Break of Structure and Completed the Retracement RSI - Divergence Completed " 1234 " Impulsive Waves Symmetrical Triangle in Short Time Frame and Rejection from Upper Trend Line
Gold is currently volatile for many days. If gold rebounds in the 2028-2032 range again today, then I think gold will first rise to 2037. After breaking this range, it will continue to rise to 2048. If gold fails to rebound in 2028-2032. Then gold will form a double-determined trend and fall all the way to the 2018-2022 range. So the trading strategy I am...
Gold's implied volatility from the derivatives market remains low and there are few signs of a spike. Typically, gold prices increase during periods of high volatility and decline during periods of lower volatility. However, weakness in the USD and US government bond yields on Tuesday helped prolong gold's rally. Gold prices tend to move inversely to the USD...
Try Longs initially aiming for 2041 -2044. As always, heed your DD!
We are still bearish on Gold mid term & waiting for buyers to take out liquidity & reach our POI. Only then will we look to enter sells. Currently not in any short term buy's, but will keep an eye out to see if market structure offers an opportunity. Our main bias is still sells🤙🏽
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 traded constantly based on the intra-day spot rate....
This is a higher time frame analysis. Gold retesting on a higher time frame could be 100s of pips. Use this information to your advantage and flow with the market. We will post biweekly analysis. Stay tuned and Follow for more updates.
Gold is declining, although the whole market was expecting a rise to higher zones. There is a strong pressure on the market due to the upcoming news, as well as the strengthening of gold. The gold market is trading in a narrow range and is forming a kind of consolidation, therefore, it is possible to trade relatively strong levels Reasons for further decline 1)...
The nearby reference in 2027 appears precarious and fragile, possibly lacking sustainability for potential buyers. Selling the asset aiming for the 1970 mark, could be a prudent move to secure profits along the journey. Remember to pay heed to your due diligence!