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...
There may be a pullback before the news. Ahead of Initial Jobless Claims, traders are waiting for a negative scenario against the dollar, if the data is below 212K, the gold may continue its decline, if the IJC is above 212K, the gold will head towards 2328. Resistance levels: 2305, 2328 Support levels: 2295, 2280, 2267 The market is bearish, the correction is...
#GOLD.. it was fantastic move as we told you in today video analysis, now market have 2296 as one of the most important support for today, if market hold that level in that case you can see a bounce from here, only only buying invalidate below 2295 and that will be your cutt n reverse area on confirmation. good luck trade wisely
The Fed's meeting this week gave some support to gold, with Jerome Powell saying that another hike this year is unlikely, although that hadn't been a serious expectation anyway. It remains very likely that the Fed won't now start cutting rates this summer and also quite possible that there won't be three cuts in 2024 and that the expected start of the cuts, now in...
On Thursday, gold TVC:GOLD prices declined as investors analyzed the likelihood of the U.S. Federal Reserve easing monetary policy this year. This reassessment came after the Federal Reserve noted that inflation progress has halted, suggesting that interest rates might remain elevated for an extended period. technically side: There are two possible scenarios...
H4 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line. ...
Gold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 2,283.15 which is a pullback support. Stop loss is at 2,260.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 2,324.27 which is a pullback resistance that aligns...
Looking for Gold to breakout of the downward trend with a break and retest of the $2298.5 level before continuing higher. I am looking for entries on the 5min and 15min timeframes. I believe this is a short term bullish move before the bigger overall bearish retracement on the higher timeframes.
XAUUSD is currently positioned within the support zone and has potential to ascend towards yesterday's closing price at $2318 or above. Additionally, this presents a valuable position to consider taking.
There's the out look long term - day/week charts are main High Timeframes from now on in clearly... Only options are, it goes higher from 50% pulls back finishes 75% - doubt it. Consolidates from 50%, plays between 75% and 25% - Likely. or we drop to open (near 25%) consolidate then rally to 75% to finish the year. - Likely.
gold trading between 2296 and 2298 looks like from here it will retrace till 2306 and then from there we can expect sell all details mentioned on the chart ,,, good luck
Yesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the OANDA:XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue...
Hello traders. I am waiting patiently to see what gold does today. I have marked my areas of interest for scalp buys and sells. If the daily bottom of the yesterday's candle body holds as support we can push up, otherwise we will have to wait for confirmation with a break and close below said area and I would look for the sells after a break and retest. This...
Wednesday's open continued Tuesday's downward trend. After the European market fluctuated and rose, the U.S. market, under the influence of a series of positive economic data, coupled with the impact of the Federal Reserve's decision and Powell's speech, the gold price rose sharply to the $2,326 line, and then turned positive. The number of U.S. ADP jobs,...