This analysis identifies a potential descending triangle pattern forming on the XAUUSD (Gold) chart after the price successfully reached the target zone within a two-channel price movement. Key Points: The price action established a two-channel pattern with defined support and resistance levels. The price successfully climbed to the target zone within the...
The price of gold fell yesterday and encountered the first-line support level of 2150. It rebounded in the short-term and rose, but the downward trend still did not break through. The short-term trend in one hour was bearish, and the upper pressure was around 2170. I am willing to sell within the day! Today the gold price will fall below the 2150 mark and head...
Gold should observe the key area above 2171-2174 on Friday. If it cannot break through this area, then gold will still be in a downward trend. Several key positions where gold’s downtrend may break Lower support 2152-2155/2148-2143 strong resistance area 2131-2134 We select trading opportunities based on specific operating trends. I will help you find safe...
Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards. In this case, our transactions should be mainly short and supplemented by long, which can reduce...
In the world of investments, gold has retained its allure through centuries as a safe haven and store of value. Its enduring appeal transcends cultures and generations, offering stability amidst economic uncertainties. As financial markets fluctuate, gold stands as a reliable hedge against inflation and geopolitical turmoil. Beyond its monetary value, gold holds...
Amidst the prevailing market conditions, there are indications suggesting that gold may face downward pressure in the near term. Despite its traditional role as a safe haven asset, gold's recent performance has been characterized by fluctuations and uncertainties. Factors such as improving economic indicators, rising bond yields, and expectations of tightening...
Gold charges fell 0.2% to $2,171.06 an oz, at the same time as gold futures expiring in April fell 0.3% to $2,175.35 an oz with the aid of using 01:27 ET (05:27 GMT). Bullion charges rose to a report excessive of around $2,two hundred an oz on the begin of the week, however noticed speedy consolidation after hotter-than-anticipated patron fee index information...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Traders may also be hesitant and inclined to wait on the sidelines prior to the commencement of the two-day FOMC monetary policy meeting, scheduled to begin next Tuesday. In the interim, the release of Thursday's US macroeconomic data, including the monthly Retail Sales, the Producer Price Index (PPI),...
Hello everyone, the data on the number of initial jobless claims will be released in one hour. I think it has a high probability of being beneficial to gold shorts, so I plan to go short in today's data trading. If you want to follow, please strictly control the risk. Because the market has already experienced a surge, short sellers are likely to use the data...
In terms of technical form, shorts have the advantage. The current main transaction is shorting. After the decline, a small number of long transactions are added to make small rebound profits. In terms of the general trend, we only need to short. If your account is large enough and well funded, you can even hold some short positions until around 2090. Stay...
In currency markets today, the US dollar showed little volatility as investors awaited the release of additional economic data from the United States to gauge the potential direction of Federal Reserve policy state. After the release of a higher-than-expected US consumer price index (CPI) on Tuesday, there were fresh concerns about persistent inflation, causing...
XAUUSD 1H chart, lower high, break of astructure to the downaide, looking for a sell at the 50-61.8% fibo zone. SL above the previous range high and 2R target at the swing low. Not financial advice.
During the March 12 session, gold adjusted sharply down after americaA CPI records became launched and the valuable steel is presently buying and selling around $2,160. With the RSI indicator beginning to fashion downward after touching the overbought zone, XAU/USD might also accurate withinside the close to future. Gold`s modern help is across the antique height...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
U.S. consumer prices rose sharply in February, indicating that inflation is somewhat sticky. Data showed that the consumer price index (CPI) in February increased by 0.4% from the previous month and 3.2% from the same period last year, higher than the expected 3.1%. This further reduces the possibility of the Federal Reserve cutting interest rates before June....
After this sharp rise in gold, the technical form has formed a lot of room for decline. The current trading idea is very clear. Just continue shorting at high levels, especially near the strong resistance level. The probability of making a profit from shorting is very high. I will continue to publish trading strategies. Friends in need please stay tuned. If...
Gold fell on its first day after the cpi data was released. The current price is 2156. Look at the daily line and 4H line. Gold remains in an uptrend. But there is a downward trend on the 1h line. 1/ Fibonacci first coincides with EMA in the 2165-2169 area. We can try to sell gold. 2/If gold rises and breaks through the 2174 area (the resistance level the day...
Gold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast. Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%. CPI increased slightly, making investors worry that inflation in the US...