Gold prices on Comex are nearing a three-week high at $2,089 USD, propelled by a surprising drop in the US core PCE price index to 3.2%. This unexpected shift has increased bets on an early Fed interest rate cut, with over 75% probability priced in by March, according to CME Fedwatch. The decline in inflation provides a favorable starting point for the Fed in...
Dear traders, As expected we are seeing some strange move within the market due to the low volume, based on our last chart price did fall but failed to continue the selling momentum and idea hit breakeven. In here, there are two possibilities that price can go first from sellers bias we think price still can drop from 2040$ area which will remain crucial,...
Dear Traders, XAUUSD we are still eying $2090 region and price have shown some strong bullish momentum and hence why a entry now can be a good opportunity. What do you think?
Following a record close at $2,070, gold is pushing towards $2,100 in the Asian trading session. The dovish Fed stance and strong US bond auctions are impacting Treasury yields and the US dollar. The 14-day RSI provides support, but a recent dip suggests a potential pullback to the 21-day SMA at $2,032, with $2,050 acting as a key level. To sustain the upward...
The 14-day Relative Strength Index (RSI) continues to hold above the midpoint, providing potential support for further price increases. However, the latest downturn in the RSI suggests that the downward momentum in gold prices may extend towards the 21-day Simple Moving Average (SMA) at $2,032. Prior to that, the $2,050 level will pose a challenge to bullish...
XAU-USD went up to retest A horizontal resistance Of 2033 and we are already Seeing a bearish reaction So I will be expecting!
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame. Completed Impulsive Waves " 12345 " and Corrective Waves " ABC " and making its " 12 - abc " Impulsive Waves. Break of Structure and Retracement Entry Precaution : Wait for the Breakout of UTL / LTL
Dear Traders, Gold bounced back from 2152$ to 1972$ and rocketed towards 2046$ as Fed Interest Decision gave it a boost. Prices retreated to fill the liquidity void and are forecasted to reach 1990$. Look out for sellers at this level. Price either can drop significantly from the current area of price or do some short of retracement as it is shown in the chart...
XAU-USD is going up In a strong uptrend But a horizontal resistance Of 2042$ is ahead so after The retest I will be expecting A local bearish reaction !
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and Corrective Waves " abc " in Short Time Frame. Consolidation Phase as an Corrective Pattern in Short Time Frame. Breakout and Retracement for Break of Structure Entry Precaution : Wait for Breakout and Retracement of UTL / LTL
XAU-USD went down but Has almost reached a support Level now at 1971.5 from where I will be expecting a rebound And a move up !
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Impulse Correction Impulse and LL - LH in Short Time Frame. Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line Entry Precaution : Wait for the Rejection or Retracement
hey everyone, Our last setup idea on GOLD has dropped 200+ pips and this is based on the previous idea. We are expecting price to drop from this point region and expecting price to drop until is 1940$. Tomorrow we have important news on gold and usd which will be crucial. stay alert and trade safe.
It is normal for gold to fall back if 1984 enters the market to go long, but the K-line obviously still has support. At the same time, 1983, 1982, 1981 and 1980 can all enter the market in batches to go long. The K-line will definitely reach 2000 points today. The signal of gold bottoming out, especially the bullish engulfment on the hourly line, is that the...
The number of people applying for unemployment benefits announced yesterday rose to 220,000 at the beginning of the week ended December 2, slightly lower than the expected 222,000.The number of people renewing unemployment benefits in the United States fell to 1.86 million in the week ended November 25, the largest decline since July and the second decline since...
On the daily chart, after gold surged higher and fell back, the 5-day moving average changed from an important support line for this round of rise to the main pressure line for the short-term trend. The gold price rebounded on Monday and Tuesday, but encountered resistance and fell back at the 5-day moving average. It is currently running to around US$2035, and...
2025 long entry Keep the bottom line in 2019, let’s make more adjustments, it’s that simple At present, the K-line is falling back, which is a normal trend, but the overall trend is still above the big positive line. The K-line is still above the 50 moving average. The one below that stabilizes the bottom line is the 2019 line. If it does not break, it will...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12 " Impulsive Waves and making its " 3 - xyz " Wave. It has breakout the Previous Resistance Level and Completed the Retracement for Break of Structure. Bullish Channel as an corrective Pattern in Long Time Frame Entry Precaution : Wait for the Proper Rejection