Hello traders, Gold's rally has been nothing short of spectacular till now. Almost, every dip has been bought by the market participants vigorously. So, selling Gold is akin to "getting rekt" . So, at this point, I would recommend traders to avoid selling Gold. However, there might be a pullback to 2315 level as price seems very overstretched now. For selling...
Under the influence of the news and people's concerns about the Federal Reserve's interest rate cut, gold rose crazily and reached the psychological level of 2350. At this position, it is impossible for me to conduct long transactions. I prefer to go short. Before it falls below 2300, my trading idea will remain high and short, and long orders will only be...
International gold price OANDA:XAUUSD price on Kitco closed the week at 2,329 USD/ounce. Gold futures price for delivery in June 2024 on the Comex New York floor is trading at 2,349 USD/ounce. The world OANDA:XAUUSD market ended the week with strong price increases. The precious metal is up nearly 5% compared to last Friday. After rising to 2,220...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
In the overall technical picture, the short-term upward trend of the gold price will be influenced by the following technical levels: Support: $2,220 - $2,205 - $2,188 Resistance: $2,245 - $2,250
With gold prices still on the rise, reaching the Fibonacci 0.618 retracement level of wave 5, the next expected move is an ABC correction wave. Traders should closely monitor for signs of this anticipated correction pattern in the market.
XAUUSD: The Year of the Bulls 🐃 The last month or so has been a bullish infused few weeks for the precious metal gold, having surged above the 2000 level late last year with a spike up to 2140 and then settling down for the remainder of 2023 whilst initially being calm in Q1 price volume started to pick up in late february where it has since scaled to new all...
In the realm of commodities, gold remains a cornerstone of investment strategies worldwide. Recent developments in the precious metals market have reinvigorated interest in gold, attracting attention from investors globally. From economic indicators to geopolitical tensions, various factors contribute to the fluctuations in gold prices and market dynamics. As...
In the 1-hour timeframe, gold is exhibiting a bullish trend following a breakout to new highs, followed by a successful retest. Now, market participants anticipate further bullish price action, signaling potential strength in the precious metal's market sentiment. Traders may look for confirmation through sustained upward momentum and bullish patterns to...
Next week's gold trading ideas: step back near 2305 to do more, defense 2300, target 2360 near!
At present, the market has reached the resistance level again. From the indicator point of view, there is still room for growth. For the time being, we will observe the 2277-2289 range. The support will first be around 2263, followed by 2256-2252. If it falls below, consider around 2232. At that time, the pattern may be head and shoulders, which also means a...
Here on gold the price has been strengthen which means that more buyers are taking control so is like to continue going up for this coming but going to make a pullback so it very important to go for long with caution and use money management.
Here on gold market has been in uptend showing that buyers still in contol . For the coming week there is likely more strong bullish as the price keep stengthing . More buyers is likely to come in . So it expected to trade with money management
Hello traders, currently we are in uncharted waters as far as Gold is concerned. Gold is breaking new highs everyday at ease. This indicates there is enough buying interest from the big players in the market. So, at this stage, I would recommend traders to avoid selling Gold. If you want to sell, you need wait for bearish price action ( consecutive bearish...
OANDA:XAUUSD is making the same pattern that 50% before so I think we might be able to 50% again. the market is already broken out and is looking super bullish. Using this triangle pattern we can see that price is broken out and shooting to the upside with great momentum and volume.
The price of gold ($XAU/USD) has surged above the $2,300 mark, defying expectations in the face of robust US Nonfarm Payrolls (NFP) data and escalating geopolitical tensions. Despite a strong labor market report indicating robust hiring, gold continues to assert its status as a safe-haven asset amid uncertain economic conditions and geopolitical instability. The...
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