In my post from yesterday, I pondered whether the bulls still possessed the strength to drive the price to the psychological level of 2300, and indeed, they did. Following a brief intraday dip, precisely to the 2267 support level mentioned in yesterday's analysis, buyers swiftly regained control and, as anticipated, propelled the price to 2300. However, at this...
Looking for one last push on GOLD before NFP tomorrow. PA still have some bullish strength in her.. PA could have us retest previous high or create a new high.
NEW YORK SESSION open PA did a simple retest on SMTF, as trend remain bearish for today.. New found target of 100 pips.. Taking this with proper risk mgt.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " and " ABC " Corrective Waves RSI - Divergence Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame S / R Level
I've consistently emphasized the abundance of gold data this week, urging caution in trading. Although gold is once again on the rise, a downward correction is expected around the 2300 mark, presenting short-term profit opportunities. If your current account is still facing losses, don't miss out on this opportunity. I provide accurate signals daily, ensuring...
We expect the gold market to go higher again, as 2280 is a strong support here, so the market may take some downward correction.
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low. Further new high has meant location of ChoCH has been brought closer to current...
Warm greetings to all precious metals enthusiasts! Despite a slight correction, gold remains resolute in its elevated position, indicating continued bullish sentiment. Currently trading around $2256, down a modest 156 pips from yesterday, gold is undergoing corrective movements following a robust rally. Looking ahead, gold is supported by safe-haven demand amid...
Gold prices (XAU/USD) enter a phase of bullish consolidation at the start of the European session, hovering within a narrow band around the $2,260 to $2,265 region, marking a new record set this Monday. Investors now seem convinced that the Federal Reserve (Fed) will begin cutting rates in June, a sentiment reaffirmed on Friday by the US Personal Consumption...
Hello fellow traders, GOLD might retrace this area in the future. The idea is buy, if youre on a short positions on 2330-2360 its all in your own. This is only my view on TVC:GOLD trying to understand the massive bull trap being made by institutions. After the run 16% since february, GOLD rise upto 2300$ Im expecting it retrace back to its Lows from 1600,...
The world spot gold price is on the verge of surpassing $2,285/ounce, rising over $27/ounce compared to the same time yesterday morning. In the US market, the world spot gold price reached $2,285/ounce, sharply increasing by $29/ounce compared to the previous session's close. During this session, there were moments when the gold price almost reached $2,290/ounce,...
Last week, gold experienced a powerful price surge, reaching record highs and extending to today, with a leap to $2257 USD, up approximately $24 USD in the early hours of Monday trading. Gold is propelled by strong price momentum, benefiting from lower bond yields and a weaker USD. News of potential Fed rate cuts in the near future adds further impetus to this...
The price of gold has experienced a remarkable increase, with spot gold climbing by $29.9 to reach $2,280 per ounce. This substantial surge on April 2nd, in US time, has been propelled by the persistent demand for a safe haven amid escalating tensions in the Middle East. Despite the strength of the US dollar and forecasts of interest rate cuts in the US, the gold...
Price forms a higher high, but RSI forms a lower high. Subsequently, the price is expected to decrease. Important note: Bearish divergence at a peak often lasts longer than bullish divergence at a bottom. This is because peaks are driven by greed, while bottoms are driven by fear. Greed is an emotion that can persist over a longer period, whereas fear tends to be...
The long-term, medium-term, and short-term trends all point to a bullish trajectory for gold. As long as gold maintains activity above the confluence support of the upper channel line (b) and the 0.786% Fibonacci extension level, short-term upward potential remains intact. However, in the scenario where the $2,244 level is breached below, gold could undergo a...
PA could extend her gains towards 2285 area Currently selling for 100 pips target Lets get today stuck in profit
Personal suggestion for you Gold price trend to continue Up during session It is expected that price will continue in the Fly trend and can approach the price range of 2249 Target 2310 Note: Always wish you to manage your capital safe Take small lots which suits your capital The winner is the one who sticks with the market Give us like and support us
Here gold has made rebound around 2300.000 psychological level so is expected to go down for there is more seller coming in so isniceto take money management