Gold prices (XAU/USD) enter a phase of bullish consolidation at the start of the European session, hovering within a narrow band around the $2,260 to $2,265 region, marking a new record set this Monday. Investors now seem convinced that the Federal Reserve (Fed) will begin cutting rates in June, a sentiment reaffirmed on Friday by the US Personal Consumption...
The world spot gold price is on the verge of surpassing $2,285/ounce, rising over $27/ounce compared to the same time yesterday morning. In the US market, the world spot gold price reached $2,285/ounce, sharply increasing by $29/ounce compared to the previous session's close. During this session, there were moments when the gold price almost reached $2,290/ounce,...
Last week, gold experienced a powerful price surge, reaching record highs and extending to today, with a leap to $2257 USD, up approximately $24 USD in the early hours of Monday trading. Gold is propelled by strong price momentum, benefiting from lower bond yields and a weaker USD. News of potential Fed rate cuts in the near future adds further impetus to this...
The price of gold has experienced a remarkable increase, with spot gold climbing by $29.9 to reach $2,280 per ounce. This substantial surge on April 2nd, in US time, has been propelled by the persistent demand for a safe haven amid escalating tensions in the Middle East. Despite the strength of the US dollar and forecasts of interest rate cuts in the US, the gold...
Price forms a higher high, but RSI forms a lower high. Subsequently, the price is expected to decrease. Important note: Bearish divergence at a peak often lasts longer than bullish divergence at a bottom. This is because peaks are driven by greed, while bottoms are driven by fear. Greed is an emotion that can persist over a longer period, whereas fear tends to be...
The long-term, medium-term, and short-term trends all point to a bullish trajectory for gold. As long as gold maintains activity above the confluence support of the upper channel line (b) and the 0.786% Fibonacci extension level, short-term upward potential remains intact. However, in the scenario where the $2,244 level is breached below, gold could undergo a...
PA could extend her gains towards 2285 area Currently selling for 100 pips target Lets get today stuck in profit
I sold everything today. Target 1= $ 1900 Target 2= $ 2100 I am Fibonacci biased . good luck
Personal suggestion for you Gold price trend to continue Up during session It is expected that price will continue in the Fly trend and can approach the price range of 2249 Target 2310 Note: Always wish you to manage your capital safe Take small lots which suits your capital The winner is the one who sticks with the market Give us like and support us
Here gold has made rebound around 2300.000 psychological level so is expected to go down for there is more seller coming in so isniceto take money management
traders Gold price is ready to fly My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2262 Gold buy from 2262_2256 Target zone. 2300 Bis_ Bullish Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators convergence...
On the chart, we can see retracement levels as follows: 0.7955 (23.6%), 0.7764 (38.2%), 0.7609 (50.0%), 0.7454 (61.8%), and 0.7263 (76.4%). Now, we expect that if the price of gold declines from its peak, it will encounter support at the mentioned Fibonacci levels because many traders will place buy orders at these levels when the price retraces.
Spot Gold resumed its advance on Tuesday, resulting in XAU/USD reaching a fresh all-time high of $2,276.90 in the American session. The US Dollar pared gains at the beginning of the day and lost some additional ground after Wall Street’s opening, despite generally upbeat United States (US) data and the poor performance of US indexes.
Hello my dear Smart Looters, This is our Day Trade master plan to Heist Bearish side of Gold Mine. my dear Looterss U can enter at the any point below my entered area, Our target is green Zone. We can escape in the Target area. Be patient and Be careful.
looks like gold is ready for a pullback. its making new high from past 4-5 days. Today we have powell speech and ADP-NFP.
A strong bullish trend is evident in the gold market. The zone between 2177 - 2170 has solidified as a strong support level, previously serving as a significant resistance. There is still liquidity to be tapped into at the higher levels. Moreover, with the current economic context marked by uncertainties and global issues, there are ample reasons for the...
Amid election pressure, gold continues to rise, breaking resistance levels. However, it's also forming a rising wedge pattern, evident in the joining of its tops and lows. Currently, the trend appears upward, but caution is warranted as the pattern suggests potential reversal. Stay vigilant till the end, as outcomes remain uncertain.
Gold's retracement to 50 or 61% is necessary for a well-executed impulsive move. Without going through a corrective phase, gold is only traveling in one direction. Each time the price has reached an Ath, and each time the pair has manipulated close to the Ath. This represents the final vertical resistance of the ascending channel of the upper period. This may...