Gold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern .
According to the Elliott wave theory , Gold has succeeded in completing the main 5th wave .
I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle .
⚠️Note: Tensions in...
Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take...
Gold is approaching a crucial support level at 2667 on the 4-hour chart, signaling a potential bullish reversal. This level holds significant importance due to its confluence with technical indicators that suggest a possible upward move. Let’s break down the key elements of the current setup:
2667 is a well-established major support level where buyers have...
Gold rebounded in the short term after the negative news of non-agricultural data. In the short term, it has slightly bottomed out and rebounded, but the overall trend is still weak and tends to adjust. After all, the starting point of the big drop was suppressed by the big negative K2657. Therefore, although it rebounded, it still maintains a bearish outlook....
Today is Thursday, and with key data releases scheduled for New York trading hours and tomorrow’s much-anticipated NFP and unemployment figures, the market is far from quiet. My advice for today is to focus on selling, despite the possibility of some upward movement. However, from a daily chart perspective, the likelihood of a downturn is much stronger.
The...
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2646.3
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2654.0
About Used Indicators:
For more efficient signals,...
You can expect a reaction in the direction of selling from the specified resistance zone
GOLD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is...
Gold trimmed its weekly gains on Friday as traders assessed recent US economic data and its potential impact on Federal Reserve policy. With disinflationary trends suggesting steady rate cuts, Gold continues to shine. However, expectations for a 50 basis point cut in November have eased following strong US macroeconomic data. Key reports like the decline in...
Yesterday's gold movement largely aligned with expectations, with relatively limited fluctuations. However, today is unlikely to be as calm, as the market now faces two sharply contrasting scenarios:
If the Non-Farm Payroll (NFP) and unemployment data are bullish for gold, and the price remains within its current range, we could see a rebound, testing or even...
News: As I said in the past two days, although the United States today 'the number of people applying for unemployment benefits in the United States to the beginning of the week on September 28th‘ has a lot of gold, the gold market does not rise but falls. This shows that the strength of the bulls in the gold market is insufficient, and many investors are not...
Based on the 1-hour analysis, the price is currently hovering near the support level. I'm personally eyeing a selling opportunity, but we need to wait for the price to close below 2640.00 first.
Once that happens, we can place limit orders near the key retracement levels.
For now, avoid placing any advance orders. Wait for strong bearish confirmations before...
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.
In the past few days, I lost my grandmother, and it has been a deeply sad time. After attending her funeral today, I found myself reflecting on many things. Life is short, and whether we pursue fame or wealth, nothing is as important as the health and happiness of our loved ones. I sincerely hope that everyone here can live a healthy and joyful life, with all...
News: Today's U.S. market will have a sharp bearish gold on the ‘U.S. ADP employment numbers for September’, but gold did not fall in time. This is not difficult to understand. After all, many investors in the market do not buy short-selling accounts after the interest rate hike.
But I think there will definitely be a wave of bearish trends in the future. At the...
Yesterday, the US dollar index rose for the second consecutive trading day, hitting a two-week high, supported by data showing the resilience of the US labor market and the dual support of safe-haven currency properties.
It stands to reason that the rise of the US dollar index will suppress gold and cause it to fall. However, due to the sudden escalation of the...
⭐️Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset....
