XAUUSD at Support 2365-75 zone. Perfactly placed for last r staying area before jumping for the last time towards 2550.
XAUUSD started the week with the strong and continued bullish momentum which has been the case since last few weeks or months now. Currently we have two areas of entries as explained in the chart. Risk entry and Safe Entry take any which suits your risk management. Manage your capital always. Good Luck.
Dear Traders, Gold have been consolidating since yesterday after the major news came out, however, in our view we think that gold has been recovering after the yesterday's news. Two areas that has huge potential first is entering with the current price movement. Or wait for the price to drop $2300 level and buy at the region targeting 1000 pips.
✍️ NOVA hello everyone, Let's comment on gold price next week from 8/4 - 12/4/2024 🔥 World situation: Gold reached a new all-time high, disregarding a strong US March Nonfarm Payrolls report that could delay rate cuts by the Federal Reserve. Despite the increase in US Treasury yields and the slight rise of the Greenback, gold's price remains influenced by...
Weekly chart is pricing something big. There is a cup & handle formation Also an Reverse H & S formation which targets 2400-2500.
A follow up from the 15 year Cycle Gold is going through - Forget the news it's part of the cycle.
@All Last night GOLD created a new peak. As for me, I have a very careful analysis that if GOLD breaks through the 2346>2348 line, I will go Buy. Anyone watching can see that I texted that order very carefully. With GOLD price setting a new peak and tree D1 having a reversal phase from 2326>2379 >Today, all traders are watching to sell GOLD according to RSI around...
XAUUSD continues to hold steady even in the face of strong economic news. A range between 2366 and 2330 is being established, with buyers and sellers vying for lower price levels. Today, the market awaits PMI and Initial Jobless Claims announcements. Yesterday, we saw CPI figures higher at 0.4% instead of the expected 0.3%, with inflation rates at 3.5%. This...
The CPI data released today was beneficial to gold shorts. Gold fell sharply and then quickly rebounded to around 2350. The resistance in this range is still very obvious. At the same time, the 4h chart shape is not friendly to bulls. In the 30m chart, it is temporarily beneficial to bulls. The focus is still on observing the resistance in the 2346-2354 range....
Gold price continued its upward trajectory, reaching a record high of $2,3545 in the Asian trading session on Monday. However, it later retreated below the $2,335 mark as market sentiment shifted, dampening the demand for gold. Before resuming its upward trend, gold price dipped to a low of $2,305, coinciding with the 20-day Simple Moving Average (SMA) touching....
A rise in XAU/USD can be identified by the increasing price, although it may not be immediately apparent at the current rate. - Technical indicators such as the Relative Strength Index (RSI) help signal prolonged overbought conditions. In such instances, observing the chart stuck in a bullish outlook alongside the moving average for a period could aid in...
1. Tenkan-Sen crosses Kijun-Sen from below to above, with the crossover point below the Kumo cloud. 2. Senkou-Span A crosses Senkou-Span B from below to above, causing a change in Kumo cloud color. 3. Chikou-Span is above the price line and the wider the gap, the better. If all these signals occur simultaneously, investors may execute a Buy order in favor of the...
The basic entry in the Sonic R. System is referred to as the "Classic" entry. Following the initial Classic entry, there are sometimes pullbacks that create opportunities for a "Probe" re-entry. At times, even before the Classic setup forms, price action alone suggests early Probe entry opportunities. Two examples of early Probe entry opportunities are: 1....
In Wednesday's US trading session, gold prices unexpectedly rebounded following previous volatility, possibly due to the increase in the US dollar and bond yields. This led to a reduction in expectations for the Federal Reserve to cut interest rates in the near future. On the 4-hour chart, the upward trend of gold remains clearly intact. The Simple Moving Average...
Gold prices continued their upward trend today, reaching around $2347 USD per ounce, with a 0.261% growth for the day, even as the USD index showed signs of cooling off. However, after several consecutive sessions of gains, gold prices are facing profit-taking pressure. Nevertheless, the precious metal is believed to still receive significant support due to three...
Despite the release of better-than-expected US employment figures, the global gold market has seen a significant surge, reaching new record highs during weekend trading sessions. This marks the third consecutive week of gains for the precious metal. Recent developments, including the robustness of the economy and inflation data, prompted Federal Reserve Chairman...
Examining the chart, we observe a MACD crossover, indicating a short-term price increase. However, the downward trend of the RSI suggests weak buying pressure. The crossing of the SMA and EMA lines creates a strong resistance zone. Based on these factors, I predict a decline in gold prices.