In general, XAUUSD is encountering difficulty surpassing the resistance level of $2220. However, it remains stable within an ascending channel. Moreover, upon closer observation, a cup and handle pattern is gradually forming. Based on these factors, my expectation is for a breakthrough above the resistance level, aiming for the medium-term target of $2220. In the...
Gold buyers continued to shrug off the extremely overbought 14-day Relative Strength Index (RSI) conditions, as they clinched another record high at $2,365 on Tuesday. If a Gold price correction sets in on a hotter US CPI report, the previous record high of $2,331 will be tested The extension of the Gold price pullback could test the April 4 high at $2,305,...
World gold prices hit a record on April 9, thanks to buying activities and geopolitical risks, while attention was directed to the meeting minutes of the US Federal Reserve (Fed) and inflation data of this country. Minutes of the Fed meeting and data on the consumer price index will be published on April 10. Gold is considered a safe haven from inflation and...
🔴 Resistance - 2354 🔴 🚀 Target - 2378 - 2389 🚀 🟢 Support - 2348 🟢 🚀 Target - 2327 - 2209 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR...
This wave of gold bulls is super strong, and the retracement of three big steps is also two big steps. Even a simple technical retracement is as high as 20 points. The bulls will never look back until they kill the shorts. The current maximum has reached around 2288. Judging from the closing line of the daily line yesterday, 2288 is not the top, and the big rise...
Historically, gold has been a way of shielding cash from inflation, a way of accumulation. It is enormously valued as a herbal useful resource this is hard to take advantage of and extraordinarily hard to destroy. This valuable steel is utilized in industry, earrings manufacturing and in part for superior technology. About 7% of the gold recovered is used to...
Gold examined new highs as gold call for stays robust beforehand of americaA inflation document due out tomorrow. Gold is overbought, however it stays to be visible whether or not buyers will need to withdraw earnings as vital banks retain to shop for gold for reserves. Spot gold hit $2,365.25 on Tuesday, a brand new document excessive amid persisted weak spot...
Gold price is retreating slightly below $2,350 in Wednesday's Asian trades, having hit a new record high of $2,365 on Tuesday. Gold traders seem to take profits off the table after the relentless rise and ahead of the all-important US CPI inflation data release.
Today’s gold trading conditions are as follows: 1.Xauusd:@2358-2360 Sell, TP:2347 Profit: + $6618 2.Xauusd:@2364-2366 Sell, TP:2347 Profit: + $8615 3.Xauusd:@2338-2340 Sell, SL:2347 Loss: - $3973 The trading profit so far today is: $11,260. Gold hit a new high today, reaching a maximum of around 2,365. Gold still maintains a strong upward trend. But in actual...
Technical Analysis Report: Gold (XAU/USD) Current Price: $2260 Entry: Long at current price Stop Loss: Near $2280 Take Profit 1 (TP-1): $2250 Take Profit 2 (TP-2): $2240 Analysis: Gold is exhibiting a robust adherence to a well-defined trendline channel, indicating a clear directional bias. The current price of $2260 offers an opportune...
Exploring XAUUSD reveals a strategic SHORT opportunity. Gold faces a critical resistance level, with bearish patterns indicating a potential reversal. Technical indicators, including a bearish divergence in the RSI and a MACD crossover to the downside, suggest weakening momentum. This is underscored by a recent failure to sustain gains above key psychological...
If this divergence plays out (high prob.) , the price will be bearish in short term. Not financial advice.
By observing the Ichimoku indicator, traders can discern market price trends effectively. An upward trend is indicated when the price line is above the Ichimoku cloud. A downward trend is signaled when the price line is below the Ichimoku cloud. There is no clear trend when the price is within the Ichimoku cloud region. In some cases, traders may find the...
Using Exponential Moving Averages (EMAs) can help identify trends earlier, but they may also produce more false signals. On the other hand, Simple Moving Averages (SMAs) react slower to price movements, which can help filter out unusual price fluctuations and false signals. However, their slower reaction may cause traders to miss out on some good entry...
This week, markets are closely monitoring the release of significant US inflation data. The inflation figures are expected to provide further insights into the Federal Reserve's interest rate cut trajectory and could serve as the next catalyst for gold prices. The US Consumer Price Index (CPI) for March will be published on Wednesday. According to economists'...
The gold price currently surpasses the channel's upper margin, signaling a potential retracement. With robust support at $2195, a pullback is anticipated.
Gold is currently under pressure at the 2340-2344 first-line resistance. If it falls back, it will continue to observe the support near 2325-2318. If it can break through, there may be an opportunity to try the 2352-2362 high again. If it falls below the support, the 2313-2305 range will be considered. In terms of trading direction, I still prefer the idea of...