The market is changing rapidly. Gold bulls are just a flash in the pan. Rebounds are a better opportunity to short. The gold short trend has not changed. We continue to wait for the bears to exert their strength. Will gold hit a new low today? Let's wait and see. At present, the short-term rebound has not reached 2320, so short below 2320. Target...
Hi guys, In this chart i Found a Demand Zone in XAUUSD CHART for Positional entry, Observed these Levels based on price action and Demand & Supply. *Don't Take any trades based on this Picture. ... because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank you
On Monday, I was confident that USDCAD was set for a bullish move. All indicators pointed towards an upcoming surge in momentum. I just needed to wait for another bullish flag to form, which it began to do. But then the CPI report came out, disrupting everything and wrecking the market structure. As usual, after such news, the price tried to revert to its original...
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...
🔴Gold extends decline after US Nonfarm Payrolls beats expectations Gold (XAU/USD) falls all the way back to the $2,294s on Friday after the release of US Nonfarm Payrolls (NFP) data shows the US economy added 272K jobs in May when 185K had been expected. The result was also higher than the April figure which was revised down to 165K. The US Bureau of Statistics...
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
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...
Hey Everyone, After completing our target at 2326 yesterday, we have a gap left open at 2349. We got a nice run of over 150 pips but not the full gap. As always we only buy from dips so our exits have been nice, safe and early. We also highlighted that any rejection before the target, we will be looking for support above 2309 for the bounce. This played out...
still think we have room to go higher,Resistance at the mentioned level and we'll test the short. Waiting for the price to revisit 2291.13 We want to see support here, based on the price resisting we'll take a action price will decrease today or tommorow this level must be retest first...
Yesterday was a pump & dump type of day in the markets. We saw Gold pump during CPI, then dump back down during the FOMC Interest Rate decision later on in the evening, towards our technical bias, which of course as always benefits us. Take advantage & sell the Gold market. Profit from any downside movements, then buy it back later for a cheaper price.
Dear traders! Gold prices edged higher in today's trading session, after a weak US inflation report caused the US Dollar Index and US Treasury bond yields to fall. Besides, gold prices are having new buying momentum due to consumer prices cooling down more than expected in May, according to some economic experts, this could create an opportunity for the US...
On the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward...
In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path. Chart pattern on weekly. I really like using higher time frames. DXY ( U.S. Dollar Index)
I saw that there was a clear base on XAUUSD, after the price fell on Friday last week. XAUUSD plan takes a SELL opportunity if the price enters the base. Look at the chart. This plan is not a recommendation for making XAUUSD trading decisions, all profits and losses are not our responsibility.
XAU/USD decreased slightly, currently trading around 2,314 USD/ounce. Yesterday, XAU/USD turned down after the Federal Reserve (Fed) signaled that there would only be one interest rate cut this year in the context of inflation still far from the target level. The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in...
Hello everyone, In today's trading session, gold has seen a slight increase. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting, starting this morning (June 12), could push gold prices down. While demand from bargain hunters has boosted gold prices, the rise is capped by the strong U.S. dollar. Recent positive...
Hello traders ,what do you think about GOLD ?After Friday's drop and breaking the support zone gold is now nearing the next support zone .After the correction and pullback to the broken zone, it is expected to fall at least to the next levels If this post was useful to you, do not forget to like and comment.❤️