As we have seen top off the trend guys now we shall see correction back to 2120 1st Target Nothing but treasurey yeild spiking upwards which case the drop in Gold price , this is short term pull back for now be ready
Figure 1.1 has two extreme trends and one extreme trading range. This day began with a strong bear trend down to bar 1, then entered an unusually tight trading range until it broke out to the upside by one tick at bar 2, and then reversed to a downside breakout into an exceptionally strong trend down to bar 3. Two-legged moves are common, but unfortunately the...
Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: As we can see here price is forming a triangle with lower lows which means sellers trying to push price lower. I expect upcoming week to see a breakout and downside move to imbalance around 2100 price level. Fundamental news: Upcoming week we have news with high impact on USD, we will see...
Gold Price Decline _______ The price of gold declined from approximately $2,180 on Friday, experiencing consecutive sessions of losses as investors' expectations for the start of the US Federal Reserve's easing cycle were delayed due to robust US economic data. Fed Chair's Statement _______ The higher-than-anticipated inflation numbers support Fed Chair Jerome...
Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...
reason: market structure fair value gaps break of structure
Weekly Analysis 17 Mar, 2024 Gold underwent a sideways correction last week, and now we have the FOMC meeting approaching. Hedge funds may either book profits this week or buy more gold, depending on the outcome of the FOMC meeting. According to Fibonacci values, the first resistance is at 2190, with the 60% level at 2230. I am expecting a hawkish stance from the...
✍️ NOVA hello everyone, Let's comment on gold price next week from 18/3 - 22/3/2024 🔥 World situation: The price of gold declined from approximately $2,180 on Friday, experiencing consecutive sessions of losses as investors' expectations for the start of the US Federal Reserve's easing cycle were delayed due to robust US economic data. The...
Crude oil as a whole this week is going through a complex shock rebound. I have previously emphasized that from the perspective of the time cycle, the overall future focus will be on whether the low on the 26th breaks below. If it does not break below, the overall trend will be a shock upward, but we still have to wait for time to break through. This week, it...
In the 1-hour time frame, we can currently see that gold has formed a higher low in a descending triangle pattern, which tends to indicate that the price could fall to the support level within the rectangle, which is the support level according to the 99-period moving average in the daily time frame. If it breaks below the upper resistance at the polarity point, ...
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Gold retreats to $2,160 as US yields rebound Gold lost its traction and retreated to the $2,160 area. Following a downward correction in the European session, the benchmark 10-year US Treasury bond yield recovered to 4.3%, making it difficult for XAU/USD to hold its ground. On the flip side, the $2,178-2,180 region now seems to have emerged as an immediate...
my forecast in TF week gold is doing their big -in TF month going for 5 for TF week not sure if it's gonna end soon or what cause it's already over previous 3 price But as my ideal idea-- not just yet cause the form is not finished So the target would be around 24xx-26xx in this or next year
Gold spot retreated from around the $2,180 area on Friday, printing back-to-back negative sessions as market players' hope for the beginning of the US Federal Reserve's easing cycle has been delayed due to strong US economic data. Hotter-than-expected inflation figures justify Fed Chair Jerome Powell's remarks to be patient and stick to the current monetary policy...
This week was very slow for Gold. The market was consolidating after setting a new all-time high. Here are potential scenarios for next week. If the price drops and closes below 2144 level on a daily, it will confirm the strength of the sellers and a correctional movement will be anticipated at least to 2090 level. Alternatively, a bullish breakout of a...
We basically focused on shorting gold last week. The rebound is to give short selling opportunities. Although gold rebounded during the process, it eventually shot up and fell back. When gold shot up and fell back at a high level, it was a bull market. The gold 1-hour moving average is about to enter. If gold rebounds near 2165 next week, it will be the moving...
1) Look for trend - Trend is Friend 2) Enter small size position - Start small 3) Ride the trend - Up or Down 4) Set your exit plan - Take profits or Cut loss 5) Higher highs & Lower lows - Can be your exit strategy
One can wait for the price to reach the bottom of the descending channel and from there one can go long.