On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...
Gold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on...
Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current...
In fact, everyone should have noticed that the market this week is too boring. Gold currently continues to fluctuate in the range of 2320-2307. This gives many people who trade gold a headache. So what will be the short-term trend of gold? This is a point of concern for many gold traders. Combined with the picture above, the market is currently in the stage of...
Now Cup Pattern formed and wait for the Breakout. Because Breakout is the only confirmation to achieved Cub Target. In stock market commonly formed Cup & handle Pattern. I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
There is a potential trend reversal on the 1 hour time frame and probably afterwards following the down trend on higher timeframes. Stop loss: 2420 Take profit :2376 or wait for higher time frames.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Resistance Level
OANDA:XAUUSD after a correction on Thursday, it remained within a short-term uptrend and the market was affected by some comments from Fed officials. Three senior Fed officials said the central bank should keep interest rates high longer as policymakers await more evidence of slowing inflation, suggesting officials are in no rush to cut interest rates....
#XAUUSD 2024.5.17 Did you have a profit yesterday on the buy order at 74/73 as planned? It's great to have a profit of 50-100 pips, right ^^ Today, the opening price of gold is below Pivot and POC so the direction is BEARISH. We will consider selling and target untested virgin POC at 2358-2352 (enter orders when there is a reversal candle at the key...
Gold increased with bar D1 having a wider range than some recent price bars yesterday, showing good buying pressure during the day. The price was pushed out of the previous Inside bar model, creating upward price momentum. But now the price is approaching the resistance confluence + round number 2,400 so it may level off. D1 Gold chart structure is cumulative...
The technical icon indicates that there is MA support below, buy around 2332-2336, and the small target can be set at 2343-2348.
Many Wedge Pattern formed. Expecting a Breakout. I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Preferred direction: SELL Comment: Following our recent trading ideas, the US currency has strengthened slightly. This should not be confusing as the bearish potential for the US dollar remains. Also for the franc . Not long ago we held shorts to the level of 0.90108 . This time we also consider this level as a target and most likely the instrument will...
17th May DXY: May be done with retracement, needs to break 104.40 to confirm. Below 104.40 could trade down to 104 round number support NZDUSD: Buy 0.6145 SL 20 TP 70 ("might close" at 0.6180) AUDUSD: Could range between 0.6655 and 0.6685, Buy 0.6690 SL 15 TP 35 USDJPY: Buy 156.15 SL 30 TP 80 GBPUSD: Sell 1.2640 SL 15 TP 65 EURUSD: Sell 1.0850 SL 25 TP 50...
My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 2413.6 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2376.8 My Stop Loss - 2438.5 About Used Indicators: On the...
Preferred direction: BUY Comment: The previous long trade in silver was successfully closed at take profit, but we continue to actively adhere to short-term buy priority. Current prices are perfect for this and one can safely consider purchases with a goal of at least level 31 (scenario №1). In the event of a sharp change in market sentiment, one can...
News: The United Nations Security Council passed a resolution clearly calling for an immediate ceasefire in Gaza and the release of all hostages. Demands an immediate ceasefire during the Muslim fasting month of Ramadan, which ends in two weeks, and the release of all hostages held by Hamas in an attack on southern Israel on October 7 last year. The deadline ends...
Gold continues to fall slightly today, and the magnitude of the fall is not very large. At present, the gold price has not fallen below the key support level of 2378. At the same time, the opening of the moving average golden cross continues to expand, and the moving average support rises to the 2380 line! Despite the downward correction during the day, the price...