On Thursday, the U.S. dollar index gave up yesterday's gains at 103.93, but bulls continued to put pressure on gold ahead of the release of Personal Consumption Expenditures (PCE), and gold prices have yet to break out of range trading. The dovish Federal Reserve released a timetable for interest rate cuts, suggesting that interest rate cuts will begin in the...
By examining the gold chart in the 4-hour time frame, we can see that gold, after growing from $2028 to $2050, was accompanied by a price correction, and to fill the liquidity gap, it corrected even up to $2039! According to the movement of the price, I think we should see the growth of gold up to $2052 as the first target! Important supply levels are $2052 to...
Introduction - In DRAFT 1 and DRAFT 2, I already discussed the "why" and the "how". In this draft, we focus on the just the "what". As in, "what" is going to happen from here on out.
Details - In my mind, 2087 is "in the bag", so to speak. This rally will have 2 highs or a double top at the end. The level of the second top should be at least 2110-2120. ...
We tapped into a 2WT zone which could lead to price going down but I have also another possibility in mind where two of my zones are nested. (a lot of orders prob lay there).
LQP = Liquidity Pool
Arrows = Inducement Points
2WT = 2 Way Trap
We can see that gold seeks the buysideliqidity, which would mean some bullish pressure. I have these demand zones that would be premium buys, but we also have to consider the huge imbalance price created this past friday! Confluences for buys is!
- Gold is very bullish on the higher timeframe and we have predicted it to smash some new highs in the future!
Hello traders ,what do you think about GOLD?In the daily chart of gold, the structure of the market is sideways and the price fluctuates in a downward trending channel and is currently at the ceiling of the downward channel. On the last trading day of last week,gold broke the resistance of 2035, but the volume of transactions decreased compared to the previous...
📊 If the range of 2040 units is broken upwards and the price stabilizes above it, the price may increase up to the range of 2050 units🎯, and in case of strength, the range of 2055 units🎯🎯.
📊 Otherwise, the price may fall to the range of 2022 units.
Today's gold is completely consistent with my analysis. After several days of volatility, gold rose to 2050 after breaking through 2037-2041 today. We will still be bullish on gold tomorrow. If gold falls back to rebound around 2038-2042, you can buy it with a target of 2055-2063
I will update my thoughts if there are new trends formed. Join me and check out...
Introduction - Earlier this week we eliminated 2150 but was still aiming for 2125. Price action last 36 hours have lowered that ceiling under 2110. In theory, that could still hit. But if trend of "lowering ceiling" continues, we have to settle for 2087.
DETAILS - The lack of commitment by short term traders has price hanging around "almost" breakout...
World gold prices increased with spot gold increasing by 10.7 USD to 2,034.9 USD/ounce. Gold futures last traded at 2,045.5 USD/ounce, up 14.5 USD compared to yesterday morning.
After a series of stable days, world gold increased on Friday thanks to the weakening of the USD and increased safe-haven buying due to concerns related to developments in the Middle...
OANDA:XAUUSD closed with a massive bullish candle on the daily timeframe, and for the first time in history, the market closed above the 2070 key level. You can see that the market stopped right at the resistance zone at 2088. The market bounced off this level two times in a row, at the beginning of December and at the end of the same month. On the daily...
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2048.7
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
My Stop Loss - 2057.1
About Used Indicators:
By the very...
Introduction - Binary Forecasting Service's trend engine says that bulls are zombies. They are dead, but they just don't know it.
Details - Previous four forecasts was chasing 2150 by end of coming week. Despite "catching up" to trend", short to medium term regression waves are not moving up fast enough. This is A recipe for the "C" in Elliot Wave's A-B-C. In...
Gold climbs to multi-week high near $2,050 as US yields edge lower
Gold gained traction and advanced to its highest level since early February above $2,040 on Thursday. The benchmark 10-year US Treasury bond yield drops toward 4.2% after US PCE inflation data, providing a boost to XAU/USD.
Gold has been considered a highly valuable commodity for millennia and...
Expectation remains the same as per analysis yesterday (29/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback...
I've spent nearly 10 years on Tradingview.
But after doing this since the age of 15; it's been interesting and fun (don't worry, this is not me retiring) I just wanted to share some of the key points, the ups and the downs, the challenges and the rewards.
For those of you who don't follow or know me, my trading started after a school trip from Wales (in the...