Gold gained traction and advanced toward $2,160 after spending the first half of the day in a tight channel near $2,150. Ahead of the Fed policy meeting, the benchmark 10-year US Treasury bond yield stays slightly below 4.3%, helping XAU/USD edge higher.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in...
Through the analysis of the golden hour chart, we know that gold first fell and then rose in the early trading, stopping the fall and rebounding at the 2146 line below.
The overall short force is a bit more dominant. In the short term, we will focus on the pressure level above and the effectiveness of the support below. Once the level is broken, the market will...
Currently, the price is still in the upward trend phase.
Wednesday, March 20, is very important for the movement of gold. Because the Federal Funds Rate will be determined. Price is inside a classic corner pattern. And both up and down directions are possible. (This is just a personal opinion)
Hello everyone !
-Here is my opinion on the GOLD:
-Z.O.I (Zone Of Interest)
-An increase in liquidity.
-An interesting area.
-Optimal Fibo (OTE).
-No counter-trend.
- FVG (Fair Value Gap/Imbalance) *Optional
This is why I would see GOLD rising!
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Greetings !
The setup:
-RMI (Range Manipulation Initiation)
-An increase in liquidity.
-An interesting area.
-Optimal Fibo (OTE).
-No counter-trend.
- FVG (Fair Value Gap/Imbalance) *Optional
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Questions ? Leave a comment!
Today's short trade was very successful, I hope everyone made money.
Now, after a wave of adjustments, the market is temporarily showing signs of rebound. The focus should be on the resistance of 2168-2172 above. If there is no breakthrough here, the trend will still be short-selling.
Strong resistance is at 2180-2186. From a trend perspective, the...
Gold has rallied strongly for a month. However, with market participants in
doubt about Fed's interest rate decision, Gold's rally has come to an end.
In fact, in the last few trading days, Gold has declined continuously. The impulse
and price action of the decline suggests that the fall may not be over yet.
If the Federal Reserve doesn't cut rates as much...
Gold, the timeless metal of myth and legend, continues to captivate humanity with its shimmering allure. From the depths of ancient history to the bustling markets of today, the fascination with gold remains undiminished.
At its core, gold embodies rarity and resilience. Its scarcity in nature lends it an intrinsic value that has persisted across civilizations...
After repeated shocks, the price of gold began to show a weak situation. The key support level of 2150 has been tested for the third time, while the high points above are constantly pressing downwards. The triangle shock situation is nearing the end! I believe it is not difficult to fall below 2150 within the day, so I think it can be sold directly now! The target...
The price of gold has fallen below the trend line and stabilized, and its trend has entered the stage of adjustment. However, it is unknown where the adjustment will be, but what is certain is that the rising momentum has temporarily come to an end, and the next operation will turn to high selling. The main idea is that when the gold price rebounds to around 2170,...
Gold futures price for delivery in April 2024 on the Comex New York floor decreased by 6 USD, equivalent to a decrease of 0.28%, to 2,161.5 USD/ounce.
Information from central banks will take center stage this week, with interest rate decisions due from the Bank of Japan and Reserve Bank of Australia on Monday, the US Federal Reserve on Wednesday, Bank of England...
2nd weekly bar of March 2024 is inside bar confined within the range of the previous bar. need to break down 2151 to breach last weekly bar low indication for weakness continuation ahead. supply zone for short is 2167-72, stop loss: 2174, target: 2128.
Last Friday, it was prompted to short gold at 2149, which is getting closer and closer to the target level of 2145. The position is making a huge profit. If there is a rebound, you can continue to short, but you cannot go short directly. For those who have made huge profits, they can wait until the 2145 target level is reached and then exit the market with...
In my Friday post, I mentioned that I'm cautiously bearish on OANDA:XAUUSD , highlighting the possibility of a descending triangle forming.
Indeed, the price once again failed to break above the descending trendline and closed the day just above the horizontal support of the triangle.
Today, as the market opens and the Asian session begins, we observe a break...
#XAUUSD (UPDATE )
Looking For Buy Setup| Long 🔥
Hey team, Hope you are Enjoying our ideas and Analysis, Today in Trading Session we are monitoring XAUUSD for a Buying Opportunity Around 2047, One More Buy Limit 2045 , Once we will receive any Bullish Conformation the Trade Will be Excuted
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A destroy under the 2023 excessive at 2146 could threaten a deeper correction withinside the multi-week uptrend closer to the 38.2% retracement of the every year rally at 2114 - search for a response Greater reaction there If achieved. The broader upside invalidation is now raised to the 61.8% retracement/2020 swing excessive at 2065/75.
Break of weekly top/near...
Gold has spoke back to uptrend resistance and will be at risk of a few recuperation here. That said, buying and selling stays optimistic whilst on this pattern. From a buying and selling standpoint, losses must be confined to 2114 IF charge is shifting better this time round with a near above 2180 wished for a follow-through.
Note that the FOMC hobby fee choice...
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