Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame Break of Structure Fibonacci Level - 61.80% Bullish Channel in Short Time Frame with the Breakout of Lower Trend Line and Retracement RSI - Divergence
* Predicting SELLS for GoLD going into New York session momentum 8:20 watch the magic
Federal Reserve Meeting and Gold Price Outlook - The Federal Reserve is holding its two-day meeting starting today Tuesday and will conclude on Wednesday. Most market participants expect the Fed to maintain its current interest rates. The CME's FedWatch tool shows a 94.6% chance that rates will stay steady and a 5.4% chance of a 0.25% rate cut, which would bring...
if Sustain above 2318 then 2333.0 to 2336.0 then 2345.8 to 2347.3 then 2354.4 to 2357.0 then 2373.7 to 2377.2 if Sustain Below 2318 then 2311 then 2309 to 2305.5 or 2302.9 then 2291.7 then 2281.7 then 2274.7 to 2271.5 or 2268.5 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a...
This is an update to a previous gold analysis. According to the news of the previous day, the interest rate of American gold has reacted well and we continue based on the previous analysis. We have a return to the trendline breakout area and it looks like we will continue to fall if we lose the support area up to $2,242.
We All Know How Gold Loves To Shift Its Direction At A very Critical Areas, as you have seen in my previous analyses i was bearish on Gold, however when i reversed my fibo i can see that Gold Is Now respecting the 0.618 zone of the fibo , meaning that if this 4H candle closes above 2298 we will see 2338 immediately from there we will retrace to 2312 which then...
Hello Traders ! The Silver Price Formed a Descending Triangle Pattern. At The Moment, The Support Level is Broken ! So, I Expect a Bearish Move 📉 ----------- TARGET: 25.95000🎯
IDK BRO, This is something I only recently saw but I am uneasy about it still being early and the real volume/liquidity hasn't really entered the market yet
In this scenario, gold has completed a reverse triangle pattern and is ready to grow. This scenario is confirmed if the price can cross the beginning of wave (c) in less time than the formation time of wave (c).
Scenario 1: Gold is forming a diametric bow tie pattern and we are currently in wave (e) of this pattern. The diametric pattern can end at $2200 and then we expect the price to rise above $2400.
To me this pb looks like a classic retest of the neckline from where XAG recently broke out...I expect a pivot followed by an extreme move up very soon.
Rising stocks of crude in the USA over recent weeks have put a hold to the commodity's long rally for now. However, recent rumours that the government's Strategic Petroleum Reserve might start to be refilled with prices of American light oil (Exness' symbol 'USOIL') below $79 seem to be a key reason for reluctance to push much below $80 a barrel as yet. The...
There may be a pullback before the news. Ahead of Initial Jobless Claims, traders are waiting for a negative scenario against the dollar, if the data is below 212K, the gold may continue its decline, if the IJC is above 212K, the gold will head towards 2328. Resistance levels: 2305, 2328 Support levels: 2295, 2280, 2267 The market is bearish, the correction is...
🛢️📉 USOIL Market Update: Cup and Handle Breakdown! 📉🛢️ TVC:USOIL Attention, traders! USOIL has shown a pivotal development at the top of its uptrend with the formation of a cup and handle chart pattern. We've now observed a breakdown of the handle, accompanied by an increase in volume, signaling a strong entry point for the selling side. Key Details: -...
#GOLD.. it was fantastic move as we told you in today video analysis, now market have 2296 as one of the most important support for today, if market hold that level in that case you can see a bounce from here, only only buying invalidate below 2295 and that will be your cutt n reverse area on confirmation. good luck trade wisely
The Fed's meeting this week gave some support to gold, with Jerome Powell saying that another hike this year is unlikely, although that hadn't been a serious expectation anyway. It remains very likely that the Fed won't now start cutting rates this summer and also quite possible that there won't be three cuts in 2024 and that the expected start of the cuts, now in...
📉🚨X AUUSD Market Alert: Bearish Flag Breakdown Imminent!🚨📉 OANDA:XAUUSD Traders, get ready! The XAUUSD market is showing significant bearish signals between the falling trend. We've identified a bearish flag and pole chart pattern that has now completed, setting the stage for a potential breakdown. Here's the detailed breakdown: - Pattern Insight: The...
On Thursday, gold TVC:GOLD prices declined as investors analyzed the likelihood of the U.S. Federal Reserve easing monetary policy this year. This reassessment came after the Federal Reserve noted that inflation progress has halted, suggesting that interest rates might remain elevated for an extended period. technically side: There are two possible scenarios...