On the weekly time frame, gold has reached a range for which correction is possible, provided that at the end of the week, the weekly candle closes with a shadow similar to or greater than the one created in the live market.
After both gold and U.S. crude oil made money, gold in the current market has reached the 2123.29 line, and oil is at 78.1. Excessive short-term debt in the United States and interest rate cuts are obstacles to the dollar's rise. But this is a good dynamic for gold and U.S. oil. I think there is still an opportunity to buy.
Gold price pulls back from multi-month peak, downside potential seems limited Gold price rallied to a three-month peak on Monday and settled at an all-time high, above the $2,100 mark amid bets that the Fed will start cutting interest rates in June. Apart from this, a further escalation of geopolitical tensions in the Middle East turns out to be another factor...
As I cast my eyes over the XAU/USD chart, the dance of gold prices unfolds with the precision of Elliott Wave choreography. With my latest analysis, I've charted what appears to be a complete five-wave advance, suggesting that gold's uptrend may have hit a temporary ceiling. The recent peak, which aligns with the completion of wave (5), signifies the potential...
Xau prompts to make an expected swing move rejecting from 2121...Eyes on the 2080 R-zone
Gold prices rebounded sharply after US PCE data matched estimates, along with a manufacturing PMI report and a lower-than-expected consumer confidence index. after the US core PCE report was in line with estimates, along with the manufacturing PMI report and US consumer confidence index were lower than expected, demonstrating weakness in the world's largest...
Some funding managers are thinking about converting their price range` running currencies to the U.S. greenback in anticipation of a U.S. flow to shorter securities agreement cycles this spring. The extrade is in reaction to a brand new rule surpassed with the aid of using the U.S. Securities and Exchange Commission (SEC) closing year, which calls for securities...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally,...
Discover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Waiting for the pull back and rejection on a 4h close rather than going against the trend and trying to call the top
🔴 Resistance - 2100 🔴 🚀 Target - 2111 - 2131 🚀 🟢 Support - 2094 🟢 🚀 Target - 2082 - 2071 🚀 🚫 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...
Gold price stands tall near two-month top, eyes $2,100 amid rising June Fed rate cut bets Gold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday. Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for...
Excluding news factors, from a technical perspective, gold's short-term peak signal has appeared, and short selling will be the main focus. The tradable range is as shown in the figure, You can buy short positions in the 2082-2088 range, with the first target near 2065. If this position can form support, gold will rise again, and the increase may exceed...
It rose violently last Friday. I personally believe that gold prices do not have the conditions to move unilaterally in the near future, and shocks are inevitable! From a technical point of view, after the gold price surges, there is a need to fall back and adjust! So I sold it at 2085! The price of gold has now reached the key high near the 2100 mark again. The...
GOLD this morning there's no Gap. Currently shifting sideways to accumulate. At this rate, I suppose GOLD can nonetheless growth further, everybody. > This region everybody must discuss with Buy GOLD round 2080>2082 SL 2079 City 2086>2100 If in this day Gold falls thru the Accumulation Zone as above, everybody must watch to Sell Strongly whilst GOLD falls to the...
Educational Analysis says XAUUSD may move in this range for some time according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. So Waiting for the market to get...
Educational Analysis says XAUUSD may move in this range for some time according to my technical. Broker - FxOpen This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an...
Central bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid...