Dear friends! Gold is forming a bearish wave, after updating a new peak above 2450 USD to 2334 and closing below this level. In which Price is testing strong support amid changing sentiment, it is likely that we may witness a recovery but it is unlikely to last long as it approaches the resistance level of 2400 USD. Buyers are probably still weak amid corrections...
Gold had its second sharp decline in a row, continuing to create a price bar in the form of a bearish marubozu candlestick pattern with a wide range, showing that the downward price thrust is maintained. The false break that created the bull trap above is actually forming a downward thrust in accordance with technical analysis theory. Gold D1 chart structure is...
After 3 consecutive days of decline, especially the last 2 days of strong decline, Gold D1 rebounded at the end of the week. But considering that bar D1 increased with a narrow amplitude and an upper shadow, and closed below half of the amplitude, the upward push was insignificant, and was even still blocked from selling from above. D1 Gold chart structure is...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure Fibonacci Level - 261.8% RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Consolidation Phase and Breakout of Upper Trend Line
The outcomes of Kitco News` weekly gold survey display that almost all of Wall Street analysts are expecting a lower in gold costs. Meanwhile, 1/2 of of retail investors polled nonetheless trust the valuable metallic ought to flow better withinside the coming days. Lukman Otunuga, an professional at FXTM, stated that the current gold sell-off ought to create...
Last week, international gold fees continuously "plunged" after breaking all of the information conquered in April. Kitco News`s present day weekly gold survey consequences confirmed that greater than 3-quarters of professionals accept as true with gold fees are strong or will fall withinside the close to term, at the same time as 1/2 of of retail buyers...
A bad home sales report (but record April home prices) combined with falling traffic and smaller spending data from Target cast an early shadow on the markets but it was the FOMC Minutes that did the trick. big waves with their more hawkish comments. For any and all that say "yeah but they're old, we've had CPI and Retail Sales since then", see the chart below to...
Dear traders! Today, world gold price closed at 2,334 USD/ounce, up 9 USD compared to the lowest price in last night's trading session of 2,325 USD/ounce. The precious metals recovery is underpinned by a pick-up in US manufacturing activity. Meanwhile, a recent poll by the University of Michigan (USA) shows that consumers have mixed expectations about the...
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 27 May 2024 BUY LIMIT Order: $2333.90 Stop Loss: $2325.22 Take Profit 1: $2342.33 Take Profit 2: $2353.54 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Good Morning Asia Price is currently in a daily accumulation range with a purge of the range high signalling a bearish towards the range low. This makes my predominant bias on the daily bearish. As it’s the start of the week, I'm anticipating a continuation of Fridays move. This morning's setup is framed on the H1 timeframe. Price is still within a bullish...
"Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill "An arrow can only be shot by pulling it backward. When life is dragging your back with difficulties, it means it's going to launch you into something great. So just focus, and keep aiming." - Unknown "Difficult roads often lead to beautiful destinations....
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On gold this week pretty simple markup we only have a 4 hour bearish range within a high time frame bullish scenario! Iam looking for price to pull back within this range and sell, or break the high and then run bullish. Personally I believe will break lower straight at market open then break higher giving us the same bullish scenario here. if we run and close the...
Here is my latest structure analysis and important key levels to focus on and trade on Gold next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
we made almost 310 pips from our area on gold by 3 positions this week on NEWYORK session last week i work less than i can becuase of broke up with my partner... . after all of happenings on last week now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the...
THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to push up into the order region 2430-35 and above that we gave the extension level of 2445-65 if they wanted to take it there. We gave KOG’s bias level bullish above targets 2430-35 and above that 2447 as well as the path showing the short from the region. 2447 was completed,...
4-hour time frame gold analysis Gold can grow at least until 2074
Yesterday, our gold, crude oil, and EURUSD all successfully reached TP. We hope that the last trading day of this week can close perfectly. Gold rebounded weakly in Asia and Europe today, and the strength of the rebound was limited. Overall, it is still in a bearish trend. As long as it rebounds, it will give Sell an opportunity. Gold has fallen from its high...