Because the graph must run up to test the resistance again at the Supply Zone and because of the strength of the resistance + 1D Supply Line, there is a chance that gold will not be able to break through the resistance.
Hello traders. Happy Tuesday. Taking a look at the 4 hour chart I have marked my area of interest for potential scalp sell positions. $2184 $ 2186 is the area to look for possible rejection. This is just speculation. Gold should hit $2400 this year but I am looking for a pullback this early in the week. But it's only a matter of time before we all see...
Volatile Hogs market trying to decide between short term top and reversal. We will go for the less risk set up which in our opinion will be to buy April Hogs 84.20 limit, stop 82.90, tgt at 87.90
Looking to sell US Bonds at 118.18 limit, technical patterns showing possible resumption of downward pressure. Stop will be 120.01, target will be 117.23
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to take advantage of the small gains made the previous day and is moving within a narrow range around the $2,170 mark during the Asian session on Tuesday. However, caution is advised before placing aggressive bearish bets on the precious metal and expecting a...
Gold prices rose due to a weaker dollar and anticipation of U.S. inflation data, with expectations of new record highs by the end of the year. Traders are pricing in a 64% probability of the Fed cutting rates in June according to the Fedwatch tool, with strong support for gold prices from Chinese household demand and central bank purchases. Also if we take a look...
Gold may develop further into a correction
2157-2163 is acting as a strong support zone so far.
During Friday the price rose from the same area up to 2178 and moved back down near 2163.
Considering that the market may not move properly today, then it may move in this narrow area 2163 - 2175.
I am not expecting big movements taking into consideration also the...
Whether gold is currently moving in an upward channel or a downward channel is the question that has occupied my mind today. As you can see, it seems like gold itself does not know how the game is supposed to be. This made my predictions and analysis in my personal trading not correct today. I would be happy to know your ideas.
Hello Traders , By checking the gold chart in the 1-hour time frame, we can see that the price started to grow as we expected and the price increased up to $2181, and then it was corrected and entered the demand range of $2164 to $2169 and then It was accompanied by a strong growth and was able to grow up to $2200! The level of $2200 was an important level of...
Today I did not follow my rules. I got greedy and I lost 6k. That’s why it’s so important to stick to the rules!
Tomorrow is a new day and I won’t make the mistakes of today tomorrow!
This month is still a positive month for me but it’s always a sad day when the market wins!
Good luck everyone! Enter at the lines to reduce risk!
Hi friends,
Gold Uncle will fly again from
Entry:- 2173.965
SL:- 2165.625
TP:- 2197.147
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This commodity has been trending since 2020, and recently made a new high just after a moderate pullback.
It is going up in a straight line, currently hovering around resistance/support, the MA100 started pointing up and the price made a bullish pattern.
The target for such a pattern is approximately the size of the pole which brings us to about 210.
With...
