After the intraday shock and correction, the short-term position is currently intertwined with the moving average near 2375. The short-term trend begins to show a bottoming trend and begins to exert upward force.
Trading strategy; go long in the 2370-2373 area, target 2390.
The Times of Israel's latest report on Tuesday stated that the United States expressed confidence that Israel would not attack Iran directly and would instead focus on its proxies.
The British "Financial Times" reported on Tuesday that the United States and its European allies have stepped up efforts to dissuade Israel from launching a counterattack against...
The 4-hour moving average of gold began to turn around, and gold had a 4-hour double bottom structure, and gradually stabilized. Gold did not fall further, but gold only fell to the 2317 line and stabilized and rose again.
In the past two days, we have been emphasizing that the short position in gold has just begun. Gold has fallen sharply in the past two days. Gold was originally expected to rebound near 2340 and was short. Gold fell directly to 2335 and fell below 2300 to a new low. It rebounded to 2313 and was directly short. Gold fell again. The gold short position has won six...
Gold went long at 2375 in the afternoon, and the article also directly publicly suggested that 2373 went long at the current price. Gold rose sharply again, and gold dry longs harvested again. Gold won three consecutive victories from yesterday to today. Gold is bullish. If it falls back, it is better to continue to go long. .
Gold's 1-hour moving average is...
Last Friday, gold saw a sharp rise and fall in the early trading, and then the US market entered a sweep, sweeping around 2372-2402. It tested the resistance of 2402 again in the late trading and then fell back under pressure to hover around the 2390 mark.
The price started to fall under pressure after confirming the resistance in the 2388-2389 area in early...
Gold fell by 2225 yesterday. Gold fell quickly and was harvested instantly. Is it cool? We directly charge more at the current price of 2374
Gold was blocked in the 15-minute short-term adjustment and fell back, and gold began to fluctuate in the short-term. Pay attention to the support near 2365 before adjusting to go long. If the upper rebound of 2390 still...
Yesterday, we achieved two consecutive victories in gold, first short and then long. Gold is still bullish overall, and it continued to fall back to the long trend in early trading.
Gold bottomed twice in 30 minutes near 2362 and the support stabilized and rose. Today it stepped back on the 2362 support and stabilized and continued to do more. Gold's long-term...
Gold has a 30-minute head and shoulders structure. Although the rebound is slightly stronger, it still has not changed the pattern that needs to be adjusted. The current price of 2383 continues to be short!
Gold is still just rebounding now. Yesterday's negative line was at the top, that is, yesterday's opening price was around 2382. The rebound did not break...
Affected by the risk aversion sentiment, gold rose by more than 40 US dollars in the short term. Once the risk aversion was over, the gold price returned to its original level. The two waves of market movements were very large, and we also made a small profit during the period!
From the current market point of view, gold has basically stabilized the support of...
Gold has risen strongly as a safe haven and has not stepped back, which shows that gold is still gaining momentum for further rises. It is not suitable to chase long now. After all, the fluctuations are relatively large now. If there is a slight correction, the loss may be stopped, and then the situation will be more embarrassing. It’s better to be patient and...
This wave of gold is the creator of history. Both the amplitude of the increase and the rhythm of consecutive new highs are unprecedented in the history of gold. At the time of writing this blog, gold has soared to around 2353. There is no top for the large unilateral rise in the market. It can be said that a small technical retracement is as high as 30 points....
Gold won three consecutive times yesterday, 2353 was bullish and harvested. After the US CPI data, 2351 continued to be short. Gold fell again and harvested. Gold's long and short wins were two consecutive. It followed yesterday's three consecutive victories. Gold won five consecutive victories. Gold can't go up. , the short-term has peaked, and the rebound...
Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure and Retracement
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame and Breakout of Lower Trend Line
Demand Zone
Gold is following an ascending channel pattern, subdivided into 5 waves with 3 waves each. Wave 3's peak suggests the initiation of wave 4, anticipated to be an ABC correction targeting Fibonacci levels. Interested traders should monitor for pullbacks and consider entry with stops placed above recent highs for risk management.
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....
H4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 06 May 2024.
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for...
Gold charges rose in Asian buying and selling today, taking gain of a current decline withinside the greenback as weaker-than-anticipated US payroll facts brought about buyers to growth bets at the Federal Reserve. The US Federal Reserve (FED) will reduce hobby costs.
However, gold`s profits have been tempered with the aid of using progressed threat urge for food...
