Considering the status of gold, which was moving in a long-term uptrend line and now that trend line has been broken, we should expect a significant price decrease from it.
"XAUUSD shows a falling wedge pattern near a strong support level, suggesting a dip buy opportunity. Entry between 2295-2300, SL at 2290, and TP up to 2400. Employ trailing stop according to TP ratio."
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Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Price some time traded between this level and after reaching resistance line of channel, it made downward impulse. After this, XAU broke $2385...
Last Week : Last week Globex opened inside the Value of 5086 - 4925 Range and right away found buying that started pushing us towards VAH. RTH gave us a push out of Value and holds above brought in more buyers to give us pushes to the Edge and attempts at Previous Ranges VAL/Value area but that move was sold back down towards the Edge and back under 5086 brought...
in the realm of gold market price .... Gold tends to do more of supplies .which depicts shorting on any pulllback ... anticipate as the price pullbacks till 2314 and then the short continues at the said price . Follow for more insights , boost idea ,comment if you find this insights helpful . Thanks
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...