Gold price recovers some lost ground below the mid-$2,000s during the early Asian session on Tuesday. The possibility that the US Federal Reserve (Fed) might extend its restrictive stance for longer might exert some selling pressure on the yellow metal in the near term. The daily chart for OANDA:XAUUSD shows that the risk skews to the downside. The bright...
In the new week, I hope you all continue to make great profits! The current trend of gold is still biased towards the short side. On this basis, today's transaction can be short first and then long. The resistance will continue to focus on the vicinity of 2049-2058 and the support around 2023-2018.
XAU-USD is going up but Will soon retest a strong Horizontal resistance of 2067 From where I will be expecting A local bearish correction!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold broke out of a bearish flag/correction after a last weeks drop.
The daily XAU/USD chart shows a slight uptick as it finds buyers around the 20-day Simple Moving Average (SMA) for the second consecutive day, indicating a lack of clear directional strength. The convergence of SMA 100 and 200 around $1,950 without a distinct slope suggests a stagnant market. Technical indicators remain neutral, with the RSI moving sideways and...
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Gold slid below a crucial level this Friday in European trading as the dollar surged, capping a week of losses after a late 2023 recovery. Investor profit-taking and uncertainties regarding the Fed's interest rate plans slowed gold's upward momentum. Spot gold fell 0.3% to $2,037.79 per ounce, while gold futures dropped 0.3% to $2,044.25 per ounce at 05:09 ET,...
There is NFP data to be released today. After yesterday's narrow range, the market will experience another huge shock today. Are you ready? Judging from the current trend, resistance is concentrated around 2049. Focus on this position before today's data is released. If it breaks through, the upper resistance will appear near 2058. If it cannot break through,...
Today the price of gold fluctuates in a range. The short selling range I suggested to you on the channel has helped many people. Tomorrow we will focus on the price line of 2047-2050. If it is not exceeded, gold will continue to fall, with the target of 2025. Recommended operating strategies: sell 2047-2050 tp2035-2030-2025 sl2055 If you like my analysis,...
Amidst anticipation surrounding potential Federal Reserve (Fed) rate cuts in 2024, the outlook for gold prices remains optimistic. Daniel Pavilonis, a market analyst at RJO Futures, highlighted the escalating tensions in the Red Sea as a factor likely to support gold prices. Notably, gold prices surged by 13% in 2023, marking the first annual increase since 2020,...
Guys, there is important news and data today. During U.S. trading time, the market will be more volatile. Everyone should have good profits this week. Don’t be too greedy. If your account is relatively small, I recommend not to participate in the data market. You can wait for the data to be released and look at the market conditions before deciding whether to...
At present, gold has started a downward trend. In trading, we only need to follow the trend to make profits easily.
Gold faced a significant setback on Wednesday after breaking through the technical support range of $2,050-$2,045. Should gold linger below this threshold, sellers might gather momentum to drive prices towards the 50-day simple moving average around $2,010. Further weakness could pivot towards $1,990, followed by $1,975. In a scenario where sentiment favors...
Gold's recent movements against the yearly average hinted at a promising trend above the critical resistance level of 2075/81. Despite breaching this mark in December, hitting highs at 2146, it couldn't sustain weekly or daily closures there, suggesting potential exhaustion. Key support lies at 1935/50, marked by various indicators like Fibonacci retracements,...
Dear Traders, As we had explained in our previous analysis on XAUUSD, we had explained that price will reach $2090 and price just did exactly that, after touching $2088 price dropped and reversed and fell heavily. As the NFP is next week we will see some major movement on Gold and in our bias is bearish as price needs to feel some of the major area.
Yesterday, our strategy of going long first and then shorting was very good and profitable. Congratulations to all members and all friends who traded according to the strategy. Today's strategy is still the same, mainly shorting. There is currently strong resistance in the 2063-2071 range. During the rebound, if it still cannot break through strongly, it will...
Hello guys in my opinion gold global direction is still unclear at the moment . but for today we can see this possible scenario happen its very likely that we see a drop towards 2050s. the price reached a resistance level and formed a double top broke and retested the neckline but in the 1h we kind of have an invertd hs forming . i would look for more...