✅Gold managed to break the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and support line yesterday by Bearish Marubozu Candle .
🌊According to Elliott Wave theory , Gold is completing the Double Three Correction(WXY) .
🌊Currently, Gold is on the way to complete microwave C of the main wave Y after breaking the 🟢 Support zone($1,904.260-$1,886.49) 🟢.
Hello traders, previously, I had recommended selling Gold at the 1940-1950
level. As expected, Gold fell heavily after FOMCH which I already predicted.
📌Currently, the price of Gold is around 1875 level.
📌Yesterday, the bearish impulse was so strong that buying Gold looks very
📌That being said, a pullback to 1900 or 1920 can not be ruled out. If...
Market Shift on DXY Sparks Bullish Outlook for Gold
The market has undergone a noticeable shift on the lower timeframes of the US Dollar Index (DXY), which has prompted me to shift my focus towards potential buy opportunities on gold. Join me in exploring this emerging bullish outlook for gold as we navigate the evolving market conditions. Stay tuned for further...
✍️ NOVA hello everyone, Let's comment on gold price next week from 25 - 30/9/23
🔥 World situation:
After reaching a weekly low of $1913.99, the price of gold has experienced a slight recovery, but it is still struggling to surpass strong resistance around the 50-day moving average (DMA) at $1929.79. The upward movement in XAU/USD's price can be attributed to...
Gold prices declined during trading today, Tuesday, as markets came under pressure from the strength of the dollar against most major currencies, in addition to the intense sales that affected most markets due to the rise in bond yields.
Technical abstract :
The price perfectly fulfills my last idea and price reached to our target .
The price of...
Gold prices saw a decline as the US dollar gained strength and bond yields rose following comments from the Federal Reserve.
Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, stated in a speech on Monday evening that he anticipates at least one interest rate hike in 2023, with the possibility of rates remaining elevated until 2024.
Hey there dear attendants
It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies
Lets see what happened and break the leg 😍
Hope to benefit for all
So excited 😝 looking forward from hearing from you
Wish the best
is not financial advice
Gold prices fell to their lowest level in more than a month on Wednesday as the dollar strengthened and expectations that interest rates will remain elevated for longer.
Gold prices will continue to fall.
If you still don't know how to operate it, you are welcome to come to the private information space to communicate with me.
Pair : XAUUSD ( Gold / U.S Dollar )
Completed Corrective Wave " ABCDE " in a Corrective Pattern Symmetrical Triangle in Long Time Frame with the Breakout of the Lower Trend Line , its rejecting from the Fibonacci Retracement - 161.8% it will Make its Retracement and we also have Divergence
we can expect a long-ranging market because it made the impulse move down. The resistance at 1893 - 1897 pushed the price higher and probably it will be our next resistance zone. My goal is to support at around 1874.470
The price of gold, for immediate delivery, experienced a significant decline on Tuesday, dropping to $1,900.83 per ounce, the lowest level in almost two weeks. This decline was driven by a sharp increase in the value of the U.S. Dollar, which was influenced by worsening market sentiment at the start of the week. Investors grew anxious due to the commitments made...
The Fed's hints drove the rise of the U.S. dollar index and also caused the price of gold to continue to fall.
Gold’s bearish momentum could push spot market gold prices back to the 2023 low of $1810.
Gold's downward trend has obviously been testing the 1870 position. Once gold breaks through 1870, it will reach a low of 1850.
Gold prices suddenly slid sharply in the past session, breaking through the important 1900 resistance level, creating a new low since March this year and confirming the continuation of the long-term downtrend. The bearish momentum is very strong, it is likely that the price will continue to go down after this price action, the short term target will be around...
Sorry friends, I had prepared this analysis chart since the beginning of the week, but due to illness, I could not present an analysis about gold this week.
Current analysis shows the likely path of the gold price. Next week, with better energy, I will start the detailed analysis of gold again.
In my opinion, everything you...
⚡️The dollar’s first weekly retreat in two months threw another lifeline at gold on Friday, helping secure the yellow metal’s hold on $1,900 territory and score a modest weekly gain of its own.
⚡️Spot gold’s ability to hold on to $1,900 support came under the spotlight this week after the headline reading for the U.S. Consumer Price Index surged beyond...
This morning, world gold prices dropped sharply with spot gold down 24.1 USD to 1,876.2 USD/ounce. Gold futures last traded at 1,890.9 USD/ounce, down 28.9 USD compared to yesterday morning.
World gold slipped from the important psychological support level below 1,900 USD/ounce in early morning trading this morning as the hawkish stance of the US Federal Reserve...