XAUUSD trading strategy: In summary, after being under profit-taking pressure around the 2400 USD level, XAUUSD is still continuing to stabilize in a descending price channel on the H4 chart, which shows that the medium-term outlook tends to be favorable for the sellers gradually become stronger. The current fundamentals are negative and it is likely that the...
Hello all dear traders! Gold prices today continued to consolidate at high levels with a steady upward trend above the $2,300/ounce mark in overnight trading after the US Federal Reserve (FED) quashed expectations of any interest rate hikes. What's next - this pulled the dollar lower and brought some relief to commodity prices. However, the prospect of US...
Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of 2,305 USD/ounce, losing all the gains...
Gold had a sharp decline yesterday. After a slight rebound at the opening, gold began to fluctuate and fall, falling below the support all the way. It fell below the 2300 mark in the US market. It hit the lowest line of 2284 US dollars in the evening, and finally closed at 2285 US dollars. The daily line Closed at a big negative line. Wednesday will usher in the...
Hey Everyone, A PIPTASTIC finish to the week with true level to level break and confirmation trading. Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that...
From a technical point of view, today's market situation: On the daily chart, there was a negative line yesterday. It can also be seen that the market has closed negative many times since 2431, and the double indicators are still crossing downwards, especially KDJ, which had an upward limit before, and now starts When the price goes down, the upper track of the...
Hey Everyone, Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips. We started the week with price playing between two weighted levels 2351 resistance and 2333 support. We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a...
✅The current zone for XAU/USD is indicating a potential selling opportunity, with the price at 2327/30.00. ✅ This suggests that traders may consider selling the pair at this level. In terms of potential profit-taking levels, traders could look at exiting positions at 2320.00, 2315.00, and 2300.00, representing descending price targets. ✅These levels provide...
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...
Selling XAUUSD at the current price of 2320/19 is recommended. The entry price is set at 2320.10, with three take-profit levels: 2315, 2312, and 2308. Additionally, a stop loss is placed at 2326 to limit potential losses. This strategy aims to capitalize on a potential downward movement in the XAUUSD pair, with the take-profit levels indicating incremental targets...
OANDA:XAUUSD market made a notable decline over the week, but it has now rebounded from the key support level at 2300. It's probable that we might see further consolidation because any market cannot move straight up for a long time; it moves in ebbs and flows. This consolidation will likely involve the typical sideways movement and market noise of the gold...
The current selling zone for XAUUSD is identified between the levels of 2292 and 2294. This suggests a potential opportunity for traders to capitalize on downward movements in the market. To maximize gains and manage risk, it's recommended to set take-profit levels at 2285, 2280, and 2275, allowing for incremental exits as the price declines. Additionally,...
The current selling zone for XAUUSD is between 2326 and 2326.00. Traders are advised to consider three take-profit levels: 2322.00, 2315.00, and 2310.00. These levels indicate potential exit points where traders can lock in profits as the price of XAUUSD declines. Additionally, a stop-loss order at 2335.00 is recommended to limit potential losses in case the...
Consider initiating a buy position for XAUUSD at the present level of 2296. This entry point is strategically chosen to capitalize on potential upward movement in the market. We aim for three take-profit levels: 2310, 2315, and 2318, each representing incremental profit targets as the asset ascends. In case the market turns against us, it's prudent to have a...
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative...
The international market had its second consecutive decline after the US announced more information on employment, unemployment rate and PMI index. The world gold spot price is around the threshold above 2,301 USD/ounce, down more than 4 USD/ounce compared to the previous trading session in this market. During the session, the world gold price increased sharply...
Hello all dear traders! Prices continue to consolidate around the 2,300 USD area before the news that NFP is about to be released. The fundamental and technical overview is down. What should we expect next? As it is scheduled news today, anything could happen, such as a shake towards 2328 before a further drop to 2250 or an attempt to break trend resistance.. .
The KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...