#XAUUSD Buy Idea ......................................................................
Risk appetite improved as bets increased that the Federal Reserve could begin easing policy sooner than expected. This comes after Friday's nonfarm payrolls report showed the economy continued to create jobs, albeit at a slower pace. Basic support for OANDA:XAUUSD Market participants continue to digest the latest data from the United States as the April...
The story in financial markets focuses on when the Federal Reserve will begin easing policy after releasing weak economic data. The U.S. Department of Labor said that nonfarm payroll employment in April was 175,000, lower than expected and lower than March's upwardly revised figure of 315,000. After the data was released, the CME FedWatch tool showed that the...
On the 1 hour Timeframe, Price has created a bearish CHOCH and confirmed the bearish move with a bearish BOS. Price will most probably come into the 2347-2351 level as there is a 1 hour unmitigated OB at that level. There are 2 scenarios that could play out. 1) Price taps into the 1 hour Bullish OB and creates a 5 minute CHOCH to the upside. IF price does do...
After the release of US non-farm payrolls (NFP) data lower than market expectations, gold quickly increased in price, reaching 2,320 USD/ounce. However, this high level did not last long due to profit-taking pressure and gold quickly fell to close weekly at 2,301 USD/ounce. Although the easing cycle may be delayed, Federal Reserve Chairman Jerome Powell has made...
Scarce U.S. economic data will keep investors focused on Federal Reserve officials in the week following last Friday's U.S. jobs report. Gold prices are trading around 2,312USD/oz after reaching a daily high yesterday of 2,321USD/oz. The story in financial markets focuses on when the Federal Reserve will begin easing policy after releasing weak economic...
OANDA:XAUUSD jumped as weak US initial jobless claims data and dovish comments from Federal Reserve officials weighed on the US dollar, along with tensions. New tensions in the Middle East attract risk haven demand. Data released by the United States on Thursday showed that the number of people applying for unemployment benefits increased by 22,000 in the week...
Gold prices surged to a three-week high of $2,375 an ounce on Friday due to weak U.S. economic data. The University of Michigan's preliminary May consumer confidence index fell to 67.4, lower than expectations. Additionally, there was an unexpected increase in initial jobless claims, reaching the highest level since last August. Investors are now awaiting next...
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Hello Traders, hope you doing great. for upcoming weeks I think we'll probably see a correction in Gold. The first target of this correction is 2340 and the second target is 2305. this post will be updated. at the end, tell me what do you think about gold ? UP or DOWN ? comment it. if this post was helpful please like & share with your friends. THANKS.
📈 Gold Analysis & Key Levels for Next Week 📉 🔹 Resistance Levels: 1. Resistance 1 (2347 - 2360): 🛑 Sell Zone 🛑 2. Resistance 2 (2397 - 2432): 🚫 Strong Resistance 🚫 🔸 Support Levels: 1. Support 1 (2227 - 2267): 💰 Buy Zone 💰 2. Support 2 (2222 - 2189): 📉 Critical Support 📉 3. Support 3 (2143 - 2163): ⚠️ Deep Support ⚠️ 💡 Trading Strategies: - **Pullback...
Gold needs to fill 1840 at some point also the 2040 area. This is a 100% going to happen at some point. I plan on shorting at 2389 which will be extremely low risk with a stop over last months highs. If it doesnt give me the signal im looking for Ill have to remain flat on it, unless it breaks up. I think gold may go beyond 3k after the fill of 1836-40
XAUUSD to drop from 2360.706 to 2350.372 and a rejection at 2347.472 the go up to break the remaining support which are now reaistance at 2360.709, 2368.874 , 2376.873 , 2392.348 and then a long awaited high on XAUUSD which is at around
Buyers are rejected on a daily high Sellers are taking over. Switch to lower time frames find your entry. Good luck
Hello dear traders! Overall, XAUUSD experienced impressive volatility yesterday with gains surpassing the $2350 level and reaching $2360. However, not long ago the price approached $2,380 after which it encountered selling pressure and corrected. But! At the same time a round bottom pattern that looks similar to a cup and handle pattern is gradually forming,...
we made almost 590 pips from our area on gold by 4 positions this week on NEWYORK session last week with just 2 SL .after all of happenings on last week now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special calculation...
The main tone of the gold market this week is centered on the further development of the situation in the Middle East and the escalation of the conflict between Russia and Ukraine. At the beginning of the week, as Hamas and Israel were tense in the Gaza Strip after the peace talks broke down, Russia deployed non-strategic nuclear weapons, and the price of gold...
Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to continue the retracement and then to reject from trendline + liquidity zone. Fundamental news: Upcoming week on Wednesday (GMT+3) we will see results of monthly and yearly...