In my Monday commentary, I stated that there is a high likelihood that OANDA:XAUUSD may have finished correcting, and indeed, the price rose to around 2330. After this initial increase, there was a subsequent drop, but bulls regained control just above the 2300 mark. Yesterday's price movement indicates that dips are being bought, suggesting that Gold has...
Recently, I have been emphasizing that gold bulls still have room to support the rise of gold. Today, under the influence of the positive initial unemployment claims data, gold rose sharply in the short term and broke through multiple important resistance areas, reaching a maximum of around 2339. According to the current structure, gold faces short-term...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Global gold demand growth is driven by increased over-the-counter market investment, continuous central bank purchasing, and heightened demand from Asian markets, especially China and India. This growth is reinforced by geopolitical tensions in the Middle East, leading to a preference for safe-haven...
OANDA:XAUUSD Gold is currently in accumulation phase and likely to turn into distribution phase. Price behaviour has changed in last few days suggesting further growth in price. We need liquidity and volume boost to take the price towards 2380 that area remain 'premium price zone'. We wish you all the success in trading and hopefully our analysis gives you a...
Gold hits the resistance level, and the indicator needs to be repaired. Go short first and pay attention to the support near 2352. Go long if it does not fall below. The rebound resistance is near 2368-2373. If it cannot reach the breakthrough, go short again, with the target near 2343-2337
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Friday amid expectations of a potential Federal Reserve interest rate cut due to a weakening labor market and increasing geopolitical concerns. However, hawkish US Fed talks and a stronger US dollar could pressure gold prices. Traders await the US Michigan Consumer...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
As expected yesterday, the price of gold broke through the shock range after the initial jobless claims data was released, and has now risen to around 2376, a very large increase. The reason why this increase is so large has a lot to do with a number of important data released recently. We can see that the number of initial claims for unemployment benefits and the...
Gold has been rising slowly today without any correction, but it is not yet certain whether the rise in risk aversion can continue to amplify. Gold will continue to rise, and there must be news to stimulate further support. Gold has now reached the early intensive resistance area, and beware of a pullback under pressure.
Gold prices increased sharply in the past session, forming a marubozu candle on the daily frame, showing that buying pressure is very strong. This move reinforced the previous triangle pattern breakout signal, suggesting the possibility of the price returning to an uptrend. Please pay attention to the current resistance level of 2350-2360. If it is broken, the...
Water was at 2,353.1 USD/ounce, an increase of 30.8 USD compared to yesterday morning. The weakening of the USD has strongly supported the upward trend in the price of the yellow metal on May 9 (US time). Specifically, the US Dollar Index decreased by 0.32% to 105, increasing the appeal of gold to buyers holding other currencies. FXStreet editor Joaquin Monfort...
In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support. As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance...
In fact, everyone should have noticed that the market this week is too boring. Gold currently continues to fluctuate in the range of 2320-2307. This gives many people who trade gold a headache. So what will be the short-term trend of gold? This is a point of concern for many gold traders. Combined with the picture above, the market is currently in the stage of...
Hello traders. As you can see the price created the swing high inside the bearish FVG in the premium which is a high probability resistance. In addition, this bearish FVG is aligning with the C.E. of the previous monthly wick. The alternative scenario is, that the price increases to collect the liquidity above the relative equal highs. In this scenario, we are...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
INVALIDATION: BEYOND 150% (2353-2354). Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
XAUUSD sell 235x TP 233x SL 236x ------------ "We are seeing the effect of expectancies of the Fed reducing hobby charges and investor forecasts approximately the timing of the subsequent adjustment," David Meger - Director of Trading and Investment at High Ridge Futures commented on Reuters. . Yesterday`s information confirmed symptoms and symptoms of a...
Gold's 30-minute moving average is still in a dead cross downwards. Gold's 30-minute rebound seems to be strong, but it still has not been able to break through the downward trend line resistance. The gold downward trend line resistance has now moved down to around 2320. Gold has shot up many times and then fallen back. There are many resistances above, so...