XAU-USD is going up but Will soon retest a strong Horizontal resistance of 2067 From where I will be expecting A local bearish correction!
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Gold broke out of a bearish flag/correction after a last weeks drop.
Global gold prices are holding steady, with spot gold registering a modest increase of 2.3 USD, reaching 2,043.6 USD per ounce. Gold futures, in the latest trading session, settled at 2,050.7 USD per ounce, marking a 1.2 USD uptick from the previous day. After a four-session decline, the world gold market has found stability, as investors await the release of the...
Ah, the glittering world of gold! It's like a treasure hunt in a maze filled with news and whispers. Picture this: a Thursday morning where the gold market is as quiet as a library, all due to that sneaky non-farm payroll announcement peeking around the corner on Friday. It’s like everyone's holding their breath, waiting for that big news to drop, hoping it won't...
In anticipation of today's Non-Farm Payroll (NFP) trade news, I am strategically eyeing a selling opportunity within the range of 2054-2056, with an extreme level target set at 2062-2066. The chart analysis is remarkably clear, presenting a compelling opportunity. Despite the inherent risks, the clarity in the charts motivates me to engage in this clash during...
KOG Report: In last week’s KOG Report we said we would likely see the week start with ranging movement where if we saw the resistance levels hold above at 2060-65 we felt an opportunity to short the market would be available. We gave the initial level of 2050-55 and then on the break the level of 2030-35 with the weekly bias being bearish below 2075 with target...
My thesis regarding gold is simple—an Expanded Flat correction for Wave 2. The primary rationale for this determination lies within the retracement on completion of the initial 5-Wave move up on completion of WA. From my perspective, this retracement exhibited insufficient depth to be counted as a W2. Reverting to what I call the Elliott Wave Theory paradox, if...
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As we expected from gold, when we said that the selling pressure is more, it crossed the 2048 support area with great strength, in this area we did not have a suitable candle confirmation to enter the transaction. Arriving at the next support area that we mentioned before, by observing the pin bar candle Ascending in the price area of 2033, we could enter into buy...
Gold will fall in nfp then rise from 2030 So my point of view gold can buy from 2030 to 2060 Soo gold first sell then buy
Investors are awaiting key data releases like the upcoming U.S. Non-Farm Payrolls report scheduled for Friday, which could influence both gold and the dollar. NFP Report Key for Direction: The upcoming US NFP report on Friday is the main event for gold traders this week. A strong jobs report could boost the dollar and weigh on gold, while a weak reading could...
So finally I am seeing what i wanted to see on the 4 hour. Nice pullback and we have an imbalance for price to fill and turn from. I like the target 2015, would be nice if we see it this week but there is still a chance we see it early next week. I am watching the 15 minute structure for entries.
There is NFP data to be released today. After yesterday's narrow range, the market will experience another huge shock today. Are you ready? Judging from the current trend, resistance is concentrated around 2049. Focus on this position before today's data is released. If it breaks through, the upper resistance will appear near 2058. If it cannot break through,...
Just like I published earlier, the sell momentum has kick-started and the fall is massive and would even drop more Let's hold the entry and see it fall to the 2020's as we make more profits off the forex market Follow for more helpful analysis 👍....
The current point for gold is the support zone of 2030 to 2035, which is very important in the daily time, so if it reaches and we see confirmations for buying transactions, we can enter. This point is very important that if this area is broken, it can cause more selling pressure and a fall to the price of 2012. If this happens, we can have positions to enter...
Price formed a triangle which is a continuation pattern and it's now broken.
Gold price continues with its struggle to gain any meaningful traction on Friday and remains confined in a narrow trading band below the $2,050 level in the early European session. Traders also seem reluctant to place aggressive bets ahead of the US monthly jobs report.