On Daily TF - XAUUSD looks bearish Confirmations: - Low Volume - Bearish Divergence - MACD crossing downwards Swing short setup: Entry - 2178.50 SL - 2202 TP - 2088
Gold consolidates below $2,300 after record-setting upsurge Gold stays in a consolidation phase and trades below $2,290 after reaching a new record-high above $2,300 earlier in the day. The benchmark 10-year US Treasury bond yield holds steady above 4.3% ahead of Fedspeak, limiting XAU/USD's upside. Gold has been considered a highly valuable commodity for...
Gold has peaked, prepare to fall Gold's rise was weak, and it once reached around 2300, but it clearly felt that it could not rise, that is, there was no strength, and the big negative line went straight down, forming a bearish engulfing pattern. The continuous big negative line engulfed Yangdian's real body, and it also closed the upper shadow line, and the...
XAUUSD Gold reversed its direction and rose above $2,280 after correcting lower toward $2,260 in the European session. The broad-based selling pressure surrounding the US Dollar provide a boost to XAU/USD despite rising US T-bond yields.
The XAU/USD (spot gold) pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bullish channel pattern. However, a cautious approach is advised due to gold's safe-haven status. Why Caution is Advised: Gold's Safe-Haven Status: Geopolitical tensions, economic uncertainty, or risk-off sentiment can...
Regarding yesterday's data, my view is to go short, with the target near 2269, and we finally succeeded in making a profit. After the market fell sharply, there was a small rebound. When it was near 2270, I also reminded everyone that there will be a rebound, and the resistance level is 2279-2286. As I expected, it was blocked near 2279. Now I continue to...
Gold created a record HH and it is very likely price is likely to remain extremely bullish in upcoming days. Now, in our price can drop around 2180$ a perfect time for correction to occur, if price do not respect our entry and make it invalid then it would be tough to find a accurate entry to either buy or sell.
Gold has surged past the $2303 mark following the release of ISM Services PMI data, with predictions of a Federal Reserve rate cut (Feb) adding to the momentum. Technical indicators like RSI and SMA indicate the sustained uptrend, laying a solid foundation for further gold price increases. However, caution is warranted regarding potential price corrections in...
The technical analysis advises us of a possible change of structure or at the expense of an important retrocess in the main tendency of the aclist... after an obvious manipulation to liquidate some or as the price is evident from the basic intentions
Gold is trading at a high level of $2,304 and continues to exhibit a robust upward trend despite overbuying. This currency pair has risen for seven consecutive days, with technical indicators on the daily chart showing no signs of exhaustion. While technical indicators are losing strength, the Relative Strength Index (RSI) stands at 56. However, the Momentum...
Gold undergoes a significant correction after a failed attempt to confirm its all-time high (ATH). A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.
Gold prices soared to $2,250 per ounce today, marking a $12 increase from the morning's opening. The driving force behind this upward momentum lies in the growing belief among investors that the Federal Reserve will embark on monetary policy easing. Market watchers anticipate a potential interest rate cut by the Fed in either May or June. Apart from rate...
As anticipated in our previous analysis, gold continues to advance, encountering no significant resistance. However, we observe the formation of support at 2270.00. Despite this, we remain in our bullish trend, with the emergence of a clear bullish channel indicating a potential slight retracement before resuming the upward trajectory. This is a short-term...
🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡 and near the upper line of the Ascending Channel. 🌊According to the Elliott wave theory , Gold seems to have succeeded in completing main wave 5 . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to have a downward trend in the coming...
The greenback index and greenback index futures rose 0.2% in Asian buying and selling on Friday, rebounding from sharp declines in advance withinside the week on anticipation of the pound Non-farm wages } indicates buyers returning to the greenback. Inflation and the power of the hard work marketplace are the Fed`s largest concerns in slicing hobby costs this...
GOLD banked 200 pips up and down yesterday but sellers had the largest share. Over 800 pips bagged successfully this week just trading GOLD Another target smashed before NFP.. stuck in profit
Hello Gold is near the 2300 mark and at this point, the uptrend looks out of control. That being said, there is a real possibility of a pullback at this stage. Technically, Gold has reached the top of the price channel. So, at this stage, I would advise early buyers to book profit and avoid any fresh buy orders in Gold. If there is bearish price action in the...
World gold costs fluctuated barely with spot gold down nine USD to 2,290.7 USD/ounce. Gold futures ultimate traded at 2,310.five USD/ounce, down 10 USD as compared to the previous day morning. World yellow steel costs stabilized on April 4 (US time) after formerly conquering an all-time excessive of over 2,three hundred USD/ounce way to expectancies that americaA...