🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡 and near the upper line of the Ascending Channel. 🌊According to the Elliott wave theory , Gold seems to have succeeded in completing main wave 5 . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to have a downward trend in the coming...
Gold Short Setup: Rising Wedge Bearish Breakout This chart shows a potential short setup for Gold (XAUUSD) on the 30-minute timeframe. A rising wedge pattern has formed, which is a generally bearish continuation pattern. The price has recently broken below the wedge support line, and is now testing the 2257.705 level. Technical Analysis: Pattern: Rising...
In the IH time frame, USOIL exhibited a bullish trend, marked by consecutive higher highs and higher lows. However, a bearish divergence has emerged, suggesting a potential shift in the trend. Subsequently, the price broke the previous higher low as indicated by the RSI. Additionally, another break of the previous higher high occurred, accompanied by a Bullish...
silver lags behind gold but silver is highly correlated to gold. buy idea is that silver will eventually move higher with gold.
Gold took out the sell side liquidity now we already gotten a retest from the premium fvg zone am taking short from this point till 2230 is completed JOIN AND ENJOY.........
As per Elliott count on medium high time frame gold is within wave 5 . It has achieved the half of wave 5 and half or slighly higher than half is still pending. D wave system has been used to identify the Elliott waves on Gold. D waves system is an Elliott wave detector. So one the basis of this analysis we expect gold to reach 2360 zone. This is not a financial...
Preferred direction: SELL Comment: For gold , we previously gave two setups for sell, and one of them is already in work (scenario №2) . However, against the background of the upcoming potential volatility (NFP) , as well as the short-term weakening of the US dollar , most likely, it is at the very moment of the release of data on the US labor market that...
FX:XAUUSD breaks records and updates the high to 2305, but technically, the implied target is still not reached. Today Initial Jobless Claims before NFP is published and the market may go into a consolidation phase. On D1 we see the dollar declining after a false break of the resistance at 104.94 as well as the downside resistance. Ahead of Initial Jobless...
Today's setup is all about staying cautious and playing it smart after yesterday's successful 100+ pips trade! 🎉 I'll be trading only before news hits, keeping a tight grip on those gains and not giving anything back to the market. 📈 Yesterday saw a strong sell-off from the all-time high during the New York PM session, so my expectation is for today to close on...
Overextended bullish leg has been formed. We have broken below internal supply at 2258 and have retested this supply now being the new internal demand. Will we see a further push down from this level? Risk management is key!
Gold appears to be overvalued in my opinion. On the 4-hour time frame, the market has shown a rising wedge pattern and a double top pattern within that. Both the neckline of the double top and the support line of the wedge have been breached. This indicates to me that a corrective movement may be on the horizon for the pair. My targets are set at 2263 / 2240
XAU/USD fell slightly below the 2,300 USD/oz mark ahead of US NFP jobs data Gold prices retreated slightly to around $2,270 at the beginning of the Asian session after just setting a new record high yesterday, surpassing $2,300. Geopolitical risks in the Middle East and expectations of loosening monetary policy from the Fed are still big driving forces for this...
Gold still pushing higher and higher. Is it posible were in a longterm bullrun? See update post montly timefram. Priceaction wise gold is showing a rising wedge wich can indicate a correction or reversal. Selling the high resistance off this channel can be done but is trickie against the main bullish trend. A confirmed break below this support channel and below...
CAREFULLY using SLV calls to be on upside here. Shares of SLV might be a better bet; however, if you choose calls, expect volatility. In my opinion, it will be somewhat volatile until before reaching the target -- if it does.
XAUUSD Forecast: Two Predictions In Play 1. BUY for the SELL. Strategy: Daily has closed with bearish candle. Price will gain until H4 selling breakout and H1 swap zone (SBR). Action: From the buy to a sell. Awaiting the right price confirmation. When it’s time to unleash, we UNLEASH! 2. Slight SELL for the LAUNCH! Strategy: As price retests the H4...
CME_MINI:NQM2024 - PR High: 18118.50 - PR Low: 18074.75 - NZ Spread: 97.75 Key economic calendar events 08:30 | Average Hourly Earnings - Nonfarm Payrolls - Unemployment Rate Cheap discount margins raised for employment numbers - Massive inventory run prev session - Holding near lows from Mar 15-19 (pivot level) - Prev daily bar engulfing 2 preceding...
The XAUUSD exhibited a bullish trend within the IH time frame, marked by consecutive higher highs and higher lows. However, a Bearish Divergence has emerged, signalling a potential shift in the trend. Therefore, it's advisable to wait for confirmation of this trend reversal before considering a new entry.
Hey guys , gold right now into the zone , overall trend is bullish but as said before i dont hold for long instead catch 50 pips and exit and your trades upto you whether you take few pips or hold , watch for any rejections in the zone strong rejection aim for the bullish FVG first target and if that break too then lets go for H1 FVG where the trendline lies ,and...