XAUUSD Gold Is Moving in Its Ascending Channel. Already touched Top Border and now shaping downward.
The chart shows the 4-hour candlestick pattern for Gold Spot (XAUUSD) against the US Dollar on the OANDA platform, with the current price at approximately $2340.26. Key Observations: 1. Current Price and Recent Movement: - The current price is $2340.26. - The recent price action shows a decline of 1.16%, indicating a short-term bearish trend. 2. Trendline...
Gold today maintained a volatile trend overall, and began to rebound with 2325 as support. It is currently trading near 2340. So after the sharp decline, has gold stabilized and rebounded? Actually, I don’t think so. I said yesterday that since gold has not rebounded in retaliation after falling by $100, gold will only absorb the plunge in a volatile manner. Gold...
The current shape of gold is similar to the head and shoulders. Analyzing the shape combined with indicators, there is a high probability that it will rise first and try resistance. Therefore, the trading strategy continues to be long first and then short, focusing on the 2358-2369 range. If a head and shoulders are formed, a decline to 2280 is inevitable. At...
Gold had a strong decline yesterday, creating bar D1 with a wide range and closing close to the bottom, showing strong selling pressure during the day. This down day officially closed below bar D1, creating a bearish pinbar that formed a false break above, thus confirming this false break. This is a technical factor that can cause Gold D1 to slow down and keep...
Gold continues to fall sharply today. In recent days, we have basically maintained a short trading rhythm, so the profits we have made recently are still very good. Today we shorted gold near the 2368 position and successfully hit TP: 2357; just now we went long gold near the 2342 position and successfully hit TP: 2350 during the rebound of gold. Today, both the...
The Federal Reserve's monetary policy is hawkish, and some officials even stated that they can continue to raise interest rates if inflation rises, causing a large-scale withdrawal of market interest rate cut expectations. Gold has plummeted all the way, and the current lowest has reached around 2355.Although gold has rebounded in the short term, the overall...
Gold fluctuated downward for 30 minutes, and the rebound high points of gold successively decreased, and the rebound was not strong. The 30-minute moving average of gold began to turn, and there were signs of forming a dead cross. If the 30-minute moving average of gold formed a dead cross downward, then there would be room for gold to adjust downward. will...
Gold continues to fall. It has dropped nearly 60$ from 2410 to now. The current main support is around 2352. The trading is long first and then short. On the rebound, focus on the resistance near 2378. There is data today, please pay attention to risk control when trading during U.S. market time. Friends who want to follow my trading data, please contact me in advance.
KEY POINTS: Analyst says gold to drift back to $2,355 if dollar keeps upward momentum Fed minutes reflected discussion of possiblefurtherhikes Price rise likely to temper discretionary gold buying - ANZ Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to...
possible sell around these levels before making new highs. looking for sell setups. for both gold & silver. invalidation price : daily close above 2450$ / oz. good luck.
The lower in gold charges specifically triggered the USD to growth once more and the final strain become more than the energy of call for for gold. Selling hobby improved after the treasured steel did not regain the brink of 2,430 USD/ounce. Pressure to promote speedy World gold rate beneath 2,four hundred USD/ounce. The USD become supported after many US Federal...
Gold decreased yesterday, but with the structure of bar D1 decreasing with a narrow amplitude, lower shadow and closing above half of the amplitude, buying power is still shown from below. Considering that the price is located around the old peak, that is, the resistance zone, the price behavior is happening like that, showing that the buying force is maintained....
Yesterday and today I have been emphasizing that gold will point its sword at the 2395-2390 area, and 2390 is coming. Unexpectedly, gold fell more than expected, touching around 2382. We shorted gold today near the 2418 and 2413 positions, hitting TP: 2407 and 2401 respectively. The profit in these two transactions was more than $11K, which is a pretty good...
Does Gold reach to the box?! Let me your idea?! It's just a prediction that a harmonic pattern can be hapen...
Gold's 30-minute moving average crosses downwards, and the 1-hour moving average also begins to turn. Gold still has room to go down after falling below the support of the 2400 integer mark. As long as it rebounds to around 2400 in the U.S. market, it can continue to sell.
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.
After falling below the support, it fell rapidly. It has now reached the support platform and the rebound resistance is near 2400. The probability of a direct rise is unlikely, so we continue to focus on shorting after the rebound. The lower support first focuses on the vicinity of 2378.