On the daily time frame, a sideways movement has been forming since April 9th. The buyer’s vector 4-5 reached a new high. The key candle of vector 4-5 was on May 20th and is located at the top (highest volume, "tKC" on the chart). The seller absorbed this candle, and now the seller’s vector 5-6 is developing. The first target is 2326.515. On the hourly time...
Although PCE data shows inflation has cooled, gold prices OANDA:XAUUSD Still reversed Friday's gains and fell to close at $2,327/ounce. PCE data was in line with market expectations, but core PCE data was below analysts' expectations, suggesting inflation in the US is cooling faster than the market expected. So fundamentally the likelihood of the Fed cutting...
I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950...
My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2361.2 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2345.5 About Used Indicators: The pivot point itself is...
Currently, investors are focusing on the ADP private sector employment report, expected to be released today, June 5th, and the non-farm payroll data on June 7th to gauge the health of the US labor market. These reports will provide further insights into whether the Fed might delay its rate cuts in September. If the employment data is weaker than expected, gold...
Here on Gold price has break the resistance zone after the initial liquidity grap and has moved away from our Take profit 1 and return back so it posible to move more to reach a Take profit 2 . So going for LONG is needed and targeting profits should be the area make zone and stoploss should be around 2362.000 . Money management is neccssary
#XAUUSD Timeframe 2H Gold dropped from 2450 to 2310, now she is trying to build a bullish falling wedge pattern to reversal ( end of iv ) Elliot Wave has many scenarios but this zone has high R/R for this case, it is invalid if Gold has the new low ( < 2314) if I am correct gold must break the green line and the Close price must stand above the yellow line. TP1...
Gold stays in a good consolidation sample because it has for the beyond 9 days. The excessive of the variety is at 2,364 (C), additionally a weekly excessive, and the low is 2,315. On Wednesday gold superior to a three-day excessive of 2,357, over again checking out resistance on the 20-Day MA. At the time of this writing gold is on the right track to shut at its...
In response to yesterday evening's news, US Treasury yields continued to decline, providing support for gold and lifting it to a new weekly high during Thursday's Asian trading session. Currently, the market's focus is on the upcoming release of the US weekly Initial Jobless Claims data for further direction. In the meantime, let's focus on the...
Gold prices rose at the beginning of the week when the latest report showed that US manufacturing activity slowed for the second consecutive month. Specifically, the purchasing management index in the manufacturing sector decreased to 48.7% in May, compared to 49.2% recorded in April. This figure is weaker than the forecast of the world. expert. Disappointing...
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 06 June 2024 BUY LIMIT Order: $2337.98 Stop Loss: $2325.72 Take Profit 1: $2350.00 Take Profit 2: $2365.98 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
✅GOLD will soon retest a key resistance level of 2363$ So I think that the price will make a pullback And go down to retest the demand level below at 2347$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Just this morning, GOLD`s fee expanded via way of means of almost 20%, breaking the whole accumulation facet of the Sellers. Currently, as I see it, GOLD's subsequent response factor will maximum possibly react across the 238x Zone. As I additionally in reality advised all and sundry at the start of the week once I commented that so long as GOLD has a destroy thru...
On Monday we posted analysis of gold mentioning major support and resistance along with bullish and bearish targets. both bullish and bearish target got hit and today we find a ranging market in a particular zone. RSI is below its neutrality area of 50%. Market range 2316- 2348 a breach below 2311 will take market to 2304 and 2287 in deep dive above 2355...
Today's gold prices are more and more obvious, but yesterday's retracement trend and today's repeated failure to pull up, the trend is still obviously weak, and the short trend of gold is relatively obvious. Although today's ADP data is bullish for gold, gold did not rise immediately after the data was released, but swept back and forth, so the power of gold bulls...
The short position target of 2330 has been completed. Next, the US market will recover. The hourly MACD green column is shrinking, which is a short-term upward trend; The lower side of the range is around 2325-2330, and the upper target is today's high of 2350. If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
i have placed two pending sell limit positions the first is at 2337 the second is at 2347 both with a stop loss of 2359 the goals start from 2320 and extend until 2312 we have stated that we will open and close more than one scalping deal this week due to the strength of the dollar after it became clear that analysts’ expectations are that the european and...
The market is in a period of volatility and hesitation, and the MACD indicator is also flat, which can be understood as paving the way for Friday's data. It is still uncertain whether the data is good or bad for gold. Friends who currently hold 20, 25-30 long positions can consider taking profits at 2337-2340, which is today's pressure level; if they cannot...