Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
The gold price should retrace a good bit further within the framework of the orange wave iii. Then, a small countermovement should set in, which, however, should be quickly followed by a further sell-off. After the end of the blue wave (i), we expect a (corrective) rise.
COMEX:GC1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Yo Family I hope all is well. Here i'm going to lay out a few different reason why we may be able to CAPITALIZE SHORT this week on GOLD... This is what we do and we highly skilled at it too... Let's vibe out!! I study the DXY very very closely as it...
Looking like the sell I wanted yesterday is setting up, again 4 out of 5 requirements met. If trend breaks I will not be adjusting my bias, I will just sit this one out
Market participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September. ...
Technical Momentum Weakens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,269 and well above the 200-day moving average at $2094. The technical perspective shows momentum studies declining, with the 9-day...
Traders see a 64% chance of the Fed cutting interest rates in September, according to CME's FedWatch tool. Lower interest rates will make holding non-yielding gold more attractive. Data on Friday showed that U.S. job growth slowed more than expected in April, while year-on-year wage growth fell below 4.0% for the first time in nearly three years. New York Fed...
Hey There, Welcome Back. Today we analyze the evergreen hedge commodity. - If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes. - The chart of Gold Futures is showing something interesting. The price took quite a rejection from the recent support zone. -...
Israel suddenly launched an air strike on Rafah, and nearly 100,000 people began to evacuate. On the night of the 6th, the war in the Middle East escalated again. Geographical risks have been the focus of global attention in the past two years. Since the outbreak of the Ukraine-Russia war and the Palestinian-Israeli conflict, risk aversion has been...
The strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased...
gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....
Gold is tricky at the moment because it's uncoupled from traditional influencers, it is a form of currency and I think central banks buying gold as a possible hedge against any pending currency crises that might ensue either debasing the US$ or the problems the Japanese are facing with their currency woes. So I believe we push on higher but at a junction right...
The US #Dollar is trading in the middle of its range since Late 2022. It is also holding the recent uptrend well. TVC:VIX is a tad lower today. #Gold & #Silver still look good, Daily & Weekly. Loading up on AMEX:SLV when we stated the inverse head & shoulder was a good move. (took some off recently but still have large position) AMEX:CEF AMEX:GLD
gold just gave a divergence -tight divergence on the daily tf and a wide divergence on the 4hr tf . it as well gave us a rising eadge with a break of the counter trend line and a retest on the 4hrs time frame giving us an entry
Moving averages displaying all the characteristics of an uptrend, classical Inverse H&S pattern formed, as long with volume upticks with prices pushing upwards leads me to believe this precious metal price could increase
Technical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the...
Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Gold now at sideway .but it may go up soon. Just follow trend . Trend following strategy is so easy to earn money.