The price of gold fell again to refresh the previous day's low, and closed below the mid-range line. The power of shorts increased, and the short-term moving average also maintained the dead cross bearish development. The indicators also maintained the short signal spreading downward, although the ZZ indicator has shown that it has bottomed out. However, it...
The current trend is highly similar to yesterday. Yesterday's 1970 is today's 1960. The range is gradually moving downwards, and the 4H level K-line has been running below the short-period moving average. This is a typical weak market. The key today is also the selection of short selling points. The best opportunity for short orders is definitely to rebound...
Gold prompts the 1952 current price short order to fall again and take profits! The short order has won 7 consecutive times this week! Now the decline is still continuing, the US market continues to be short, and it will be short again after rebounding around 1955! Looking at the golden hour chart, there is an obvious downward trend, there is no doubt about it!...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and it will complete its " A - 12345 " Corrective Wave at Daily Demand Zone or Fibonacci Level - 161.8% and it will also complete the Retracement for the Break of Structure / Bearish Channel at Same Area Entry Precautions : Wait for Proper Strong Rejection Price Action Confirmation
Through the analysis of the 4-hour chart of gold, we know that gold has continued to rise and fall from the 1971 line in early trading, indicating that the bulls lack momentum for rebound. We can clearly see from the chart below that it is currently running below the zero axis, indicating that there is some short-term Weakness does not constitute a reversal. In...
Immediate support is now visible at the horizontal 200-day SMA at $1,935, below which the confluence of the 50-day and 100-day SMAs around $1,925 will come into play. Daily closes below this level would initiate a new downward trend towards the January 16th low of $908. In an attempt to recover, gold buyers have reclaimed the 21-day SMA at $1,964 on a sustainable...
World gold prices this morning continued to decline with spot gold down 19.3 USD to 1,949.4 USD/ounce. Gold futures last traded at 1,955.7 USD/ounce, down 17.8 USD compared to yesterday morning. The gold market witnessed its third consecutive decline as investors looked for new signals about the US Central Bank's interest rate stance. Daniel Ghali, commodity...
XAU-USD broke the key Horizontal level of 1973.5 Which is now a resistance So we are bearish biased Now and I think that A move down is To be expected !
On the daily chart, after gold's rise encountered resistance, it began to correct. Although gold prices are still operating in a high and volatile area above $1,950, the short-term multi-party trend is weak. We need to pay attention to the risk of trend reversal. In this regard, we must pay attention to market hot news and Changes in bull-short sentiment. At...
Kashkari, chairman of the famous hawkish Minneapolis Fed: If necessary, the Fed will take more measures on interest rates. The FOMC did not discuss the content of interest rate cuts. Dovish representative Chicago Fed Chairman Goolsbee: If long-term Treasury yields remain at a high level, it is likely to be equivalent to tightening policy. The first task to...
The precious metal has gained more than 8% since Hamas attacked Israel. While the war will continue to drive haven flows toward Gold, further price gains also hinge on the Fed’s rate cycle nearing an end. This will result in retreating US yields, reducing the opportunity cost of Gold.(Source: FX Street) From Technical Aspect, XAUUSD is forming Wave C of (2),...
Today's trading rhythm is still mainly short gold at high levels. Today, gold as a whole fluctuates within the 1970-1965 area, and the profit margin is not large. However, judging from the structural trend of gold, gold is still in a weak shock structure. Even in the rebound process, it is relatively weak and cannot be maintained, so gold is still relatively...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Consolidation Phase as an Corrective Pattern in Short Time Frame , It is Possible that it will Break the Lower Trend Line to Complete its " 12345 " Impulsive. If it Rejects from LTL then Buy. Completed Impulse and making " A " Corrective Wave Entry Precaution : Wait until it Breaks or Rejects LTL
Gold futures price delivered in December 2023 on the Comex New York floor decreased by 15.1 USD, equivalent to a decrease of 0.76% to 1,973.5 USD/ounce. Gold experienced an impressive October and a historic month for this market, closing at a record high with an increase of nearly 7%. However, according to analysts at the World Gold Council, this precious metal...
The gold four-hour line continues to maintain a short position. At least the negative line continues to decline, forming an obvious top signal and closing the upper shadow line. The large negative line physically breaks through the 50 moving average, and at the same time covers the rebound range of the positive line. The K line cannot reach it. The current K...
Through the analysis of the golden hour chart, we know that the market continues to fall back and adjust. During the decline of the market, the main bulls are in a state of increasing their positions, indicating that it is a short-term behavior. The market has been fluctuating widely at high levels recently, which is also a sign of the The early rebound is a...
OANDA:XAUUSD prices face challenges, partly because traders have factored in the downside risk premium from the Israel-Hamas conflict. The lack of escalation of the conflict has reduced safe-haven demand for Gold H2 Chart shows that OANDA:XAUUSD price is maintaining above 196x, resistance zone at 1970 1972, below 0.5 zone of fibonacci retracement, stable...
Gold always thinks it can’t rise anymore. From the 1810 line to the 2010 line, it is 200 US dollars. The current K-line is obviously in a long-term run, and a fall is inevitable. Moreover, the daily level is also a triple top situation, that is, three mountains. At present, we are decisive adjust empty At present, the K-line is indeed bullish, but the market...