Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
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....
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Resistance Level
The indicators on the 1h chart are also trending towards the short side now. It depends on whether the support in the 2185-2181 range is effective. In my opinion, the probability of falling below is greater. At the same time, there is data released today. Judging from the data released last week, today’s data has a higher probability of being beneficial to the...
XAUUSD Gold is trending bullish, an ideal entry would be on a 61.8% Fibonacci retrace off the current price swing. Not financial advise.
Yesterday, the United States released some inflation data indicators. After experiencing the worst year for real estate sales in the past three decades, house price growth accelerated in January, with house prices in 20 major cities rising by 6.59% year-on-year, higher than the 6.2% increase in December last year. increase. Other economic data showed that U.S....
At the stop of the buying and selling consultation on March 27, the spot gold settlement expanded 0.5% to 2,189.89 USD/oz. Gold futures contracts introduced 0.6% to 2,212.7 USD/oz. Core US non-public intake expenditures (PCE) fee index statistics for February might be launched on March 29. This index expanded 0.3% in January 2024. “We must see whether or not US...
On the 30M chart, a short position has appeared, a small double top. Since it is already obvious, our transaction does not require too much consideration. The probability of profit from selling is very high. This time it will fall back, at least to around 2183, and then it will be in the 2176-2169 range. Friends who follow the trade, if your account is...
Dear friends, gold is currently trapped in a volatile market.I think the volatile market situation is a very good opportunity for us to make money. Judging from the current trend, gold has stopped falling above 2170 after falling back from 2200, so gold still has a certain amount of bullish momentum. As the bottom of the short-term candle chart gradually moves...
Dear friends, gold is currently in a volatile market. I think the volatile market situation is a very good opportunity for us to make money. Gold is currently hitting the 2195 area again. However, the upper pressure is also very obvious. Gold touched the 2200 position many times and then fell back and closed the long upper shadow line. Therefore, gold is also...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Impulse Correction Fibonacci Level - 61.80% Break of Structure
The market fluctuates very quickly. When I prepared my strategy, I only had time to tell my friends who were following me and I haven't published it here yet. Now, the bulls are on a strong offensive, and the resistance continues to focus on the 2192-2196 range, with strong resistance at 2202. My strategy is very simple, which is to go short near the...
The gold market fluctuated violently today, and the 2192-2196 we expected has been reached today. At this point, the rise has basically ended, and what is left is a volatile downward trend. The low must be at least around 2134. So the next idea is very simple. Go short on rallies. If you are patient, you can leave some high short orders and wait for them to be...
In the realm of finance, few assets carry the weight and significance of gold. As a financial analyst, dissecting the nuances of gold unveils a plethora of insights into economic trends and investment strategies. Gold's allure lies in its dual nature as both a tangible asset and a safe haven. Its intrinsic value and historical significance make it a sought-after...
Detailed XAU USD forecast as well as a Gold Spot US Dollar technical analysis via moving averages, buy/sell signals, and common chart indicators.
OANDA:XAUUSD Gold price trades in the red below $2,180 early Wednesday, reversing the previous day's uptick to $2,200. The US Dollar remains on front foot, as market sentiment sours and the USD/JPY uptrend regains momentum. Focus shifts to Fed Governor Waller's speech. Gold (XAU/USD) has lacked directional conviction since the beginning of 2024, with prices...
World gold prices inched up slightly with spot gold increasing by 5.7 USD to 2,176.5 USD/ounce. Gold futures last traded at 2,177.6 USD/ounce, up 4.6 USD compared to yesterday morning. The world gold market fluctuated slightly as investors were still waiting for US inflation data later this week to know more about when the US Federal Reserve (Fed) will begin to...
Dear friends, today is a day of relatively high volatility for gold. After gold rose from around 2170 and hit around 2200, it fell back again during the US trading session. So far, it has fallen back to its lowest level near 2171. The total room for rise and fall is 60 US dollars. How much profit did you capture from it? In today's transaction, I successfully...