Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 61.80%
Dear friends, gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and rebounded slightly again. As of now, gold is trading near 2251.According to the current gold trend, there is no doubt that gold still maintains a trend upward trend, so overall gold still maintains a intact upward pattern. But in the short term, today's...
Dear friends, gold has repeatedly broken new highs and hit the 2265 line. At present, gold still maintains a strong unilateral upward trend. However, as far as current trading is concerned, I do not advocate continuing to cash long gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term...
26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The...
Technical analysis OANDA:XAUUSD Gold price is duplicating the move seen in Wednesday’s Asian trading, as it edges lower below $2,200 early Wednesday. Gold capitalizes on sustained US Dollar strength and a rebounding US Treasury bond yields struggle, as traders take account of the latest hawkish US Fed commentary. The short-term technical outlook for Gold...
Gold is under pressure as the USD bounces up, waiting for the US core PCE report Gold sweeps two-way as the market awaits the core PCE report, the Fed's favorite inflation gauge, tomorrow. During the March 27 session, gold climbed above $2,193 before falling to $2,183 when the USD rebounded and then recovered and ended the day at $2,192 when US government bond...
Dear friends, there must be only one question for everyone now, and that is, will gold continue to fall? I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only...
The recovery in gold prices weakened as the US dollar rebounded. During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5 There won't be much major news coming out in the near term, so all...
✅As I expected, the Gold (sniper) touched the 🎯 Target 🎯 of the previous posts . 🌊According to the theory of Elliot waves , it seems that Gold has succeeded in completing the main wave 5 and now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to continue its downward trend...
Following a quiet Asian session, Gold turned north and advanced to $2,180 in the American session. Although the benchmark 10-year US Treasury bond yield stays in positive territory above 4.2%, the selling pressure surrounding the USD supports XAU/USD. The daily chart for the XAU/USD pair shows that bulls retain control. The bright metal develops above all its...
Gold turned down as the market waited for the CB consumer confidence report. Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report. In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and...
Gold rebounded at the beginning of the new week, waiting for the upcoming PCE report! Last week, gold rose sharply after the FOMC meeting but reversed most of the gain after a series of US economic data at the weekend. Last week, gold prices swept in two directions after economic data, especially after the Fed's interest rate policy meeting. The precious metal...
After the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY Modern Jack believes that the gold shock in the European...
🌐 PLAN FOR THE WEEK OF March 25 - March 29 Price zones to note this week: Resistance: 2182 - 2195 - 2200 - 2223 Support : 2152 - 2145 - 2125 - 2100 - 2077 If the gold price escapes the $2145 price range, a price decline will begin, and Gold's conquered targets will be directed towards the support areas mentioned above. On the other hand, if the gold...
Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the...
Gold weakened after lower-than-expected unemployment claims and manufacturing PMI rose, the focus turned to Chairman Powell's speech today. During the March 21 session, gold prices were under pressure when the number of applications for US unemployment benefits was lower than expected and the manufacturing PMI index increased. The precious metal dropped sharply...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Gold increased sharply after the Fed's decision to keep interest rates unchanged. Gold attracted strong buying pressure when the Fed kept interest rates unchanged and Chairman Powell expressed a "dovish" stance. In the March 20 session, after increasing by more than $10 to above $2,164, gold turned down again and ended the day at $2,157. Earlier today, the Fed...