Gold prices fell sharply in today's trading session, slipping from the $2,300/ounce level on concerns about higher, longer-term US interest rates ahead of this week's US Federal Reserve (FED) meeting. . Weakening safe haven demand is also exerting pressure, especially as recent reports suggest ceasefire talks have resumed between Israel and Hamas. This makes gold...
Today is Sunday, and tomorrow we will start a new week of trading. Let’s first summarize this week’s trading results. This week we participated in a total of 20 market transactions, 18 of which ended in profit, and the remaining 2 transactions ended in loss, with a winning rate of exactly 90%. Our overall trading profit is very good. I personally made a profit of ...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Consolidation Phase Completed " 12345 " Impulsive Waves RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
Reason for Sell 1. Bearish Spinning Top in 4h 2. Bearish Engulfing in 4h 3. W Pattern expexted when reach Resistance 2320 4. Bearish Flah Pattern Formed in overall Overall Possible Outcomes XAUUSD SELL @ 2325-40 TP 1 2300 TP2 2280 TP3 2440
The 30m chart has formed a head and shoulders, with support near 2363 and rebound resistance near 2383. If it does not break, go short. The 4h indicator on the trend is beneficial to shorts. This week, the focus is on short trading. The short-term target is around 2348-2333, and the final target is around 2304-2280.
The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article. In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging...
Today you need to pay attention to the impact of US non-farm payrolls data and unemployment rate on gold in April. Today's golden range is 2280-2344, and the small range is 2290-2330 You can trade within the range. Every Friday's trend is quite unexpected. You need to have stricter SL to prevent gold from causing you greater losses because the data breaks...
XAU-USD keeps falling down But a strong horizontal Support level of 2303.8 So after the retest I think That will make A local bullish rebound !
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence ( Over Bought ) Bullish Channel as an Corrective Pattern in Long Time Frame Fibonacci Level - 261.8%
This morning, I shorted gold near 2326.31, and as gold fell back to hit TP: 2315, I profited and left the market; I added positions and went long gold near 2296 and 2286, and as gold bottomed out, it hit TP again: 2300 profit and exit. The total profit exceeded GETTEX:14K , which was another good profit for several days in a row! Tomorrow will usher in a golden...
🔴 Resistance - 2295 🔴 🚀 Target - 2308 - 2316 🚀 🟢 Support - 2390 🟢 🚀 Target - 2283 - 2274 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame Break of Structure Fibonacci Level - 61.80% Bullish Channel in Short Time Frame with the Breakout of Lower Trend Line and Retracement RSI - Divergence
Gold grew to become to boom strongly once more and the gold marketplace is retaining a stable boom above 2,three hundred USD/ounce, however does now no longer see any new momentum, because the US Federal Reserve (FED) continues its economic coverage stance. Currency regulations and warnings that inflation stays a hard trouble to solve. As expected, americaA...
Gold rebounded as expected. I believe that many people were chasing short gold yesterday and today. However, after gold fell sharply, I have reminded everyone not to be overly bearish on gold. Gold may have a short-term rebound and repair.And it is very likely to copy the trend after April 23. We first went long gold in gold trading today. After gold rebounded as...
I have emphasized that there will be a lot of data on gold this week, which may affect the market at any time, so I will also stop trading when the market is unstable. Today's data is negative for gold, but gold has risen, and there will be data that will continue to affect the market. My strategy is still to wait for the rise and the end of the data before...
Gold fell sharply to around 2281, then fluctuated sideways, broke upward and stood above 2900. Although this decline in gold exceeded my expectations, it still stopped its decline in the 2280 area. Then gold is still likely to use the 2280 area as support and replicate the trend after April 23, and may build a new upward channel in the short term. At present, we...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : S / R Level Completed " 12 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame
The Federal Reserve's monetary policy meeting is expected to maintain interest rates at 5.25%-5.5%. Federal Reserve Chairman Jerome Powell's speech on Wednesday will provide more clues on expectations for a rate cut. Traders have scaled back bets on the Federal Reserve cutting interest rates this year as recent U.S. economic data has been stronger than expected...