Is till believe that OANDA:XAUUSD doesn't have enough momentum to beat previous highs of 2400 to 2450. Bullish momentum dies off after the sellers stepped In and tried to take control of the narrative three weeks ago from 2450. Yesterday the price rose to 2350 and was unable to stay above a mini-resistance 2360 and now I still think TVC:GOLD In OANDA:XAUUSD ...
Hello everyone, let's recap the gold market over the past week together! This past week hasn't been particularly favorable for gold. The precious metal is currently closing at $2,327 per ounce, remaining in a short-term downtrend. The trading level has seen little change since its last session at $2,365 per ounce. In the short to medium term, adjustments are...
Hello everyone, how do you think gold will trade today? In the short term, gold is showing signs of a slight recovery, but this is not expected to last as it has broken through the support level of 2330 USD. Today's outlook continues to favor selling as long as gold remains below the EMA 34 and 89 lines. What about you? What are your thoughts on this...
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) Ideas For 04 June 2024 BUY LIMIT Order: $2330.07 Stop Loss: $2314.55 Take Profit 1: $2325.34 Take Profit 2: $2365.64 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
In this video, we conduct a brief analysis of XAUUSD (Gold). Despite experiencing downward pressure over the past three weeks, it is currently approaching a significant support zone. On the three-week timeframe, we observe a bullish trend. Our focus is on identifying a buy entry point within this critical support area, assuming price action aligns with our...
Welcome, big predatory traders. I think that the next week will be very aggressive, especially after the violent decline that occurred from the $2450 level. The price has also failed so far to break the $2320 level. The general trend for gold, as we all know, has been upward for a long time, and no matter how low the price falls, it is inevitably rising, but the...
(Based on the 4H/9D Chart) SLO2 @ 2427 ⏳ SLO1 @ 2380 ⏳ SSO @ 2325 ⏳ TP1 @ 2291 TP2 @ 2217 TP3 @ 2162 TP4 @ 2077 SUPPORT @ 2011 This is an Intermediate Time Frame trade (4 hours to 6 day): — Offers a clearer picture of the underlying trend compared to short-term frames. — Provides more opportunities for confirmation signals and technical analysis. — Allows...
After reaching the lowest level in 3 weeks around 2315, gold reacted strongly and increased to 10 levels. The latest break out level at 2337 is still doing well as resistance today, my expectation is that gold will fall to the 2305-2300 range. today. Although in the h4 time frame gold is in a short-term downtrend, back in the daily frame gold is still ready to...
Hey Everyone, Great start to the week with our chart idea playing out perfectly. As stated we are we got a drop into the retracement range no ema5 cross and therefore nice bounce all the way into hitting our Bullish target 2339 and now heading towards 2360 target. We are looking for the ema5 lock to further confirm 2360 Goldturn to complete this range...
Gold's current Falling Wedge Reversal pattern presents an excellent opportunity for traders to capitalize on a potential upward movement. By waiting for a confirmed breakout above 2334 , or alternatively entering at the support level of 2320 , traders can strategically position themselves for potential gains. Ensuring a stop loss at 2316 will help manage risk...
From the 4-hour chart, it can be clearly seen that a head and shoulders top pattern has been formed, which is a bearish pattern. The short-term rebound high is 2336. The trading strategy is mainly short selling, sell @ 2327-2332, and you can add short positions at 2336, with a target of 2305-2300. You can configure your positions according to the above strategy...
GOLD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GOLD Entry - 2341.1 Sl - 2319.1 Tp - 2375.5 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Silver was in a bullish trend, and this descending channel can act as a bullish flag. The bottom of it can be good support for silver. As you can see on the chart, XAGUSD had a perfect reaction to that zone, indicating it can rise more.
Daily/4h time frames analysis on Gold. Price action and important key levels. Potential scenarios. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
We expect the price to reach the target zone of wave 5 to find conditions for executing buy orders in this zone. As Friday passes, the market eagerly awaits the personal consumption expenditure (PCE) price index to be announced later. It is expected to show moderate price pressure in April, which would support the case for a rate cut later this year....
THE KOG REPORT In last week's KOG Report, we gave the support levels below, and suggested that if the market opened and those levels held price, we felt an opportunity to long the market would be available into the 2350-55 region and above that 2375, we achieved just short. Due to the ranging price, we stuck with the plan to then look for the short trade from...
Gold is weak overall during the day. So far, the highest rebound of gold is 2333. It may be difficult to get a good short position in the short term, so we can consider selling around 2330. Technically, the weekly line 2449 fell under pressure and closed down with a big negative line. The rebound last week was fruitless. The weekly line closed with a negative...
As you can see, XAUUSD responded perfectly to the trading range zones and is moving smoothly within the channel. The price of gold couldn't consolidate under the support zone and experienced a fake breakout, leading to a rise. Consequently, it has now moved upwards and has the potential to continue rising further. Keep an eye on the resistance zone for any...