From a technical standpoint, a move beyond the $2,047-$2,048 resistance barrier, representing the weekly trading range's highest level, signals bullish momentum for traders. Furthermore, the emergence of a golden cross, with the 50-day Simple Moving Average (SMA) surpassing the 200-day SMA from below, adds support to the outlook for further upward movement. The...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12 " Impulsive Waves and Bullish Channel as Corrective Pattern in Long Time Frame and Short Time Frame and Rejection from Lower Trend Line / Demand Zone with Strong Divergence in RSI
XAUUSD BUY TP in the chart SL in the chart Good luck guys Note: To reduce the risk on your balance you have to use only 2% of your balance. - - - - - -❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️.
This morning, GOLD saw a slight gap widening, but then quickly moved back up to 2059 territory. This rate could rise again by a factor of 206. The price range is on the strong buy side, so you shouldn't rush to sell right away. As expected, there will be a lot of news this week and the rest of the year. It's very easy to get hit by a sharp decline. If the...
This week's gold forecast I will be looking for shorts to the downside as it has entered my 5hr POI that I have marked out previously. As of now I am expecting price to continue dropping towards the 2035 mark or possibly lower to take the trend line below it. As price has already distributed within my supply I will be looking to sell to target the liquidity...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Triple Top as an Correction in Long Time Frame , Completed Third Top and Reject with Pin Bar. Consolidations Phase in Long Time Frame. Completed " 12345 " Impulsive Waves at Daily Resistance Level
Traders seem reluctant to place bullish bets on the USD and prefer to wait for the release of the US Core Personal Consumption Expenditures (PCE) Index, scheduled for the end of the North American trading session. The headline index is expected to dip to 2.8% YoY in November from the previous 3%. Meanwhile, the core figure, excluding volatile food and energy...
Gold spot prices saw a notable 1.10% surge on Friday, reaching a peak of $2,070 before retracing to $2,050. XAU/USD's intraday performance has been strong, surpassing the 200-hour SMA since last week's breakthrough above $2,020. A pattern of higher lows on the daily charts has emerged since early October, finding support near $1,820, with the 200-day SMA...
Gold continues its upward trajectory at the beginning of the Asian session on Friday. The softer U.S. dollar and the optimistic U.S. GDP growth figures provide some support for the precious metal. Gold is trading near $2,055, marking a 0.53% increase for the day. Immediate delivery gold sets a stop-loss at $2,040/ounce. The U.S. dollar initially found market...
The price of gold continues its daily upward trend, reaching new highs in weeks, surpassing $2,060. The 10-year U.S. Treasury bond yield remains in negative territory below 3.9% following soft U.S. PCE inflation data. This allows XAU/USD to gather momentum for further price increases. From a technical standpoint, breaking through the $2,047-$2,048 resistance,...
Today we shorted gold and made a very good profit. Now the market is testing support for the first time. The focus should be on the resistance of 2063-2074 above. If it cannot be broken through, the decline here must fall below 2030.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves. Bullish Channel as an Correction in Long Time Frame and Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of UTL and Retracement Entry Precaution : Wait for the Proper Rejection
XAU-USD went up to retest A horizontal resistance Of 2033 and we are already Seeing a bearish reaction So I will be expecting!
XAUUSD SELL TP in the chart SL in the chart Good luck guys Note: To reduce the risk on your balance you have to use only 2% of your balance. - - - - - -❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️.
From a technical standpoint, a move beyond the $2,047-$2,048 range could be considered a breakthrough, surpassing a week-long consolidation and supporting bullish sentiment. This is evident with the golden cross formation, as the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA from below, enhancing the prospects for additional upside. Moreover,...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of Lower Trend Line and Retracement. It can Reject from Fibonacci Level ( 38.20% - 50.00% - ). Completed " ABC " Corrective Waves and Strong Divergence Entry Precaution : Wait for the Proper Rejection
It is now 19:30. As of now, gold has been fluctuating back and forth in the 2045-2030 area as a whole today. Gold is currently trading near the 2035 position. According to the current situation, although gold is supported near 2030, judging from the strength of the rebound,the bullish momentum of gold has gradually weakened, and today when gold touched the 2030...
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