Dear Traders, After looking at how price has behaved strangely suggesting a possible price reversal, if price drop it is likely to have. a swing bearish move since there is no strong reason for price to retest the 2277 region as it already has done once. There is another strong possibility is that, below price area of 2270 needs to be filled so we can expect...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price struggles to capitalize on previous bounce from $2,300 mark, oscillates in narrow band during Asian session. Currently around $2,330 area, traders seek clarity on timing of Federal Reserve interest rate cuts. Fed adopted more hawkish stance with only one rate cut forecasted for 2024. Markets...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rebounds slightly during Asian session on Tuesday, partially recovering from previous day's losses. US macro data indicates declining inflationary pressures, raising expectations for a September rate cut by the Federal Reserve (Fed) and providing some support for gold. However, gold...
Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) . In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend . I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical...
Hello everyone, I am Kelly, I have been engaged in trading for 13 years, my accuracy rate is above 83%, I am good at technical analysis, follow me and make money together! Gold has built a double bottom in the early stage. Although it fell partly today, the structure has not been destroyed, so it is still in an upward trend. I prefer and am better at grasping...
Today, as the U.S. May sales monthly rate was bullish for gold, gold rose rapidly in the short term. Our long positions near 2317, 2310 and 2306 respectively hit TP2319 and took profits. Very beautiful trading results. In today's gold long trade, my profit totaled more than $25K. Very good trading results. According to the current short-term structure, gold...
Good evening, everyone. I'm Kelly. Let's continue trading. Now we still hold a long position in gold. The price has reached the resistance level of 2332-2336. It is normal to fall back when encountering resistance. The support is at 2326-2322. In the process of falling back, as long as it does not fall below the support by a large margin, it is still an upward...
Gold is exhibiting a bearish trend on the 4-hour timeframe, moving within a descending channel. The price has completed a 50% Fibonacci correction, signaling the end of Elliott Wave 4. This presents a favorable opportunity to enter a selling position, anticipating further downward movement.
Today, gold continued to rise in the short term, reaching a high of around 2335. In the short term, it touched the key suppression area I pointed out. With the bottoming out and rebounding yesterday, the intraday trend was relatively intact, and the short term seemed to have been supported. However, although gold continued to rise in the short term, it has not...
This is what I am basing mine on for the bear market (I am basing mine on what I believe to be true!) Technical Section: Expanded Flat in play Pattern = Double top Target 1 = $ 2300 Target 2 = $ 2280 Target 3 - $ 2200 Invalidation level = $ 2471
Gold continued to fall today, but it is still in the range of shock market. According to the current strength of the decline, the room for gold to fall should be limited. After gold fell to the low point of 2310-2305 area, it is obvious that the willingness to buy is gradually increasing! And gold gradually began to show signs of counterattack in the short term....
In XAUUSD, There is Choch in M5, M15 chart is showing just for posting the idea, expecting a down move now
Gold these days multiplied returned to 2330 however as I can see, in line with a massive body like D1, Gold remains under Ma20.34. With the Price Model, I see that Gold may be very just like the Trendline and could maintain to decrease. Regarding Surfing Trade, you may nonetheless Buy GOLD these days. But in my opinion, every person ought to wait to promote to be...
Hello traders , This my idea for Short. GOLD (XAUUSD). NOW market ready for short . this is my ideas only. what you are flow your trading statistics you can continue. If you need more my ideas follow me.
Looking from the chart Gold has hit an upper limit in the channel and it's coming down from here... MAy God help us as we stick to our plan and take max profit. Remember, in coming down there will be little pull backs but do not fright... Follow the plan. Stay safe
Hoping Gold would fall greatly from here... Bears, Brace yourselves for for a good fall. I don't need to say much, the chart explains itself.
#XAUUSD Chart of the Day XAUUSD Bullish sentiment has gained momentum, above pivot level $2330 look for further upside towards resistance levels at $2345 ahead of $2358. Below the pivot there is possible downside towards supports at $2300 and $2295 in extension.
The monthly rate of US retail sales is bullish for gold. Gold has seen a wave of gains, but then it rose and fell. This is the main theme recently. The positive data of gold are all rising and falling. The rebound highs cannot break through the new highs, and the trend is still downward. Therefore, we are mainly bearish today. Don't rush to enter now. Wait for...