The day will focus on the United States September import price index monthly rate, the United States October one-year inflation expectations, the United States October University of Michigan consumer confidence index preliminary value, according to yesterday's data performance, the evening data will be biased towards bearish gold prices, coupled with 2023 FOMC...
As we all knows GOLD has a gap below at 1830 and market will come down to fill it. It will be better to look selling opportunity at every resistance or on every high volume.
Gold jumps $30 as Fed downplays rate hike. The Israeli-Palestinian conflict continues to escalate and is expected to expand, and the sense of panic continues to rise. At the same time, the Federal Reserve again downplayed expectations of interest rate hikes, and the dollar ushered in a sharp retreat. Gold extended to a new high of 1865 today after yesterday's...
As explained in yesterday's video, Gold is still in a bearish structure overall. However, after the incapacity to break under 1855 during the trading day, I decided to close my short trade with a minimal 30 pips loss and decided to wait and see. As the title suggests, today is a very important day for Gold traders, and after inflation and FED minutes the...
Macro Monday 15 Gold Performance During Recessions vs S&P500 With the U.S. Treasury Yield Curve being inverted since July 2022, many leading analysts believe that the U.S. economy is headed toward a recession in coming months. Many of the charts covered on our Macro Monday releases are signaling some recession concerns (not confirmations). With this in mind, we...
Late gold view: The lower support is this week's low near 1810, no matter when it can be long. The upper resistance is near the high point of 1849 this week, and once the market effectively breaks 1849, there will be a rebound, and it is estimated that it will rise to 1880. If 1849 is blocked, gold will double dip or fall back. The daily line dipped to 1810 on...
Gold has formed a falling price channel for a long time. Gold prices channel below and reacts to shallowing and is gentle. With Intensity waiting to reach the upper boundary ( 1875 - 1900 ). Just saved with the Fibo degeneration zone ": 0.5 - 0.618 - 0.786 of the previous down wave. Gold may move towards the fibo zones. If it really reaches 1956, then it will...
This is not the first time we chart these Cycles on Gold (XAUUSD), as we did our latest study on September 27 (see chart below) and we were quick to catch the break-out sell on the 1W MA50 (blue trend-line) towards the 1W MA200 (orange trend-line): This time though, we add the Channel element as well as the unique US10Y/DXY ratio and the mix proves to be...
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend! If you are confused about trading, please join me, I believe you will have a great harvest!
Gold is now maintaining its bottom and oscillating sideways. The decline has temporarily come to an end. If it is no longer weak, it will become stronger! Moreover, the release of the big non-agricultural data in the U.S. is expected to lead to a skyrocketing rebound! The US market continues to be bullish relying on the support of 1815! Plan your trade, trade...
Let's think beyond technical analysis and consider what Gold is likely to do. We all see it's at a support level, and we're expecting a correction after a 1000 pip drop. In the long term, it's in a descending channel, and to reach the channel's resistance, it needs to rise to 1880, which is 600 pips away. So, two questions arise: Is it that simple for Gold to...
After the break under 1915 important confluence support that I've spoken about, XauUsd dropped like a stone, with a drop counting 1000 pips. Although most of us expected some correction after, Gold started to consolidate instead and bulls were unable to elevate the price to confirm the last broken support level at 1855 (at least so far) The price action from...
OANDA:XAUUSD Hey there dear attendants It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies Lets see what happened and break the leg 😍 Hope to benefit for all So excited 😝 looking forward from hearing from you Wish the best is not financial advice
The downward trend of gold has not changed, and operations continue to be bearish at high altitudes! The rebound is still a short-selling opportunity! The US market position of 1824 continues to be empty, and the target position of 1800 below remains unchanged! Gold continues to fall. Although there is a rebound during the decline, the strength of the rebound...
XAUUSD D1 We have sold off an absolute monstrous 1250 points in total from 1940 down to 1815, actively 1150 points as we have bounced somewhat 100. Support price of $1805 would be the lowest price gold has trading during the whole of 2023. We have have a huge bearish selloff without any relief rally. A bounce from support price of $1805 could be amazing...
On last week's Gold (XAUUSD) analysis we called it was time to finally break below the 1W MA50 (chart below) and it did in spectacular fashion, already hitting the 1850 target: The price now almost hit the 1W MA200 (red trend-line) and being near the bottom (Lower Lows trend-line) of the 5-month Channel Down, the conditions for a short-term (at least) rebound...
As explained in my Sunday video, Gold is extremely bearish and the price could fall to 1805-1810 support. Indeed, XAU/USD started the month and the week on a bearish note and is currently trading 300 pips lower compared to Friday's closing price. Looking at the posted chart we can see that this is already the 7Th red day (not closed yet) and after the break under...
As you know, I was bearish Gold since Tuesday and argued that, if XauUsd breaks under 1915 zone support, we could assist a 500 pips drop. The "major target for bears" was hit yesterday and now we may wonder what's next. Technically, the structure is strongly bearish, however, considering the magnitude of the recent drop, a correction to the upside is probable....