Dear friends, there must be only one question for everyone now, and that is, will gold continue to fall? I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only...
After the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY Modern Jack believes that the gold shock in the European...
Gold rallied on the weekend's positive news. Gold prices continued to strengthen after opening in Asia. Attentive friends will find that Morgan Jack has explained it in advance yesterday. The highest impact reached a position near 2178, but it quickly fell back before stabilizing. It is still two dollars away from my expected 2180. Even so, buying is still a...
Like I mentioned in my article yesterday. Gold will continue to rise after Asian markets open. Because of the boost in risk aversion At present, we need to focus on whether the 2170-2180 first-line position can hold its own. This depends on the influence of the weekend news. I still think gold prices will continue to rise. Jack’s take profit range is 2179-2182
Economists in large part assume the Federal Reserve to hold hobby quotes unchanged withinside the 5.25-5.50% range. Risks lean in the direction of a much less dovish outcome, with the opportunity of the Fed`s midpoint for 2024 growing to 4.9% or simply fee cuts for 2024. GBP/USD's preceding support-turned-resistance at 1.27100 may want to placed a short-time...
OANDA:XAUUSD gathered bullish momentum in the second half of the day on Friday and reached its highest level since early January above 2,070$. The benchmark 10-year US Treasury bond yield is down 1% at 4.2%, fueling OANDA:XAUUSD rally ahead of the weekend. From a technical perspective, the overnight breakout through the $2,040-2,042 horizontal...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : We have Break of Structure and Completed its Retracement Impulsive Waves " 12345 " and " Corrective Waves " ABC " Completed Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Strong Divergence in RSI
Gold consolidates around $2,030, as traders await US inflation data for fresh direction. The US Dollar pauses Tuesday’s turnaround amid sluggish US Treasury bond yields and risk-aversion. OANDA:XAUUSD price ranges between 21-day SMA and 50-day SMA as bearish RSI counters Bull Looking ahead, Gold price is likely to extend its range trade, in the absence of...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves. Bearish Channel as an Corrective Pattern in Short Time Frame. It has completed the Break of Structure and Retracement. 2036 - 2042 is Acting as a Strong Resistance in Short Time Frame , Possible Entry After Rejection or Breakout
XAUUSD - DAILY PLAN 01/09: - Gold prices fell sharply today under pressure from rising Treasury yields as expectations of interest rate cuts by the US Federal Reserve (Fed) are fading and investors await inflation data. US inflation this week to provide more clarity on the future interest rate path. - A report released late last week showed the United States...
Reason For Bearish 1.Bearish Engulfing Formed 2.Breaked 2012 and waiting for retest 2012 3. Approaching Next Support @ 1980 Reason For Bullish 1.Obey Strong Support @ 1980 2. Obey Golden Ratio 0.631 Fibonacci retracement Overall Possible Outcomes XAUUSD SELL@ 2010-15 SL 2022 TP1 1980 XAUUSD BUY @ 1980 SL 1960 TP1 2000 TP 2 2020
The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Tuesday after data showed that consumer inflation in Tokyo – Japan's capital city – eased more than expected in November. In fact, Tokyo's core CPI, which excludes volatile items such as fresh food, was the closest to the Bank of Japan's (BoJ) 2% annual target since...
Gold edges lower to $2,030 during the early Asian session on Tuesday. Meanwhile, the US Dollar Index rose to 103.60 and the Treasury yields edge higher, with the 10-year yield recovering from 4.24% to 4.32%. OANDA:XAUUSD price is trading around $2,030, up 0.12% on the day. OANDA:XAUUSD price sharply fell, dropping more than a hundred dollars from all-time...
The gold hit 1930 again during the day. Although it pulled back after encountering resistance, the magnitude was not large, indicating that the upward trend continued and the bulls were strong! Continue to follow the trend in operation! The US market 1924 can be more direct! Judging from the trend, gold is still bullish. The current position of 1930 is the...
Hello traders, Gold has been rising since 21 August and forming a correction to wave iv. I am expecting price to make a reversal from 1946 to complete wave v at 1840.
1915 The current price is long and bullish! Although the Asian-European trading market is relatively dark, it is still profitable now! The rally remains unchanged, and the US market continues to be bullish! Gold has now clearly turned into a bullish upward trend. In the short term, it maintains a shock above 1910. In fact, it is gaining momentum for another...
Yesterday, gold did not stand firm at 1900, but another shock, first falling and then rising, but we took profit, but it continued to increase at 1900, and continued to be bullish. At present, the main logic has not changed. If it does not break through 1900, it will not buy, and there will be many shadows in the short cycle Line support, the decline in gold...
As we can see the market of GOLD continues falling and recently it gives breakout to its last support. I believe it may fall more. Th best zone to sell it is 1906.