The XAU/USD trades at around $2,320 after bouncing off daily lows of $2,291. The latest employment report in the United States (US) increased the odds for a Fed rate cut of a quarter of a percentage point in September 2024.
Target 1 reached. Enjoy traders!
#MOONTHETRUSCALPER
#M88NVIP
#GOLD.. a perfect move as per our video analysis, and market perfectly holding 2312 as i told you..
now market make another fresh supporting area that is 2314 15 keep close it guys because if market hold it then again bounce expected from here,
good luck
trade wisely
Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure and Retracement
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame and Breakout of Lower Trend Line
Demand Zone
Gold price rallied close to 1% on Monday, late in the North American session, bolstered by an improvement in risk appetite due to increased bets that the US Federal Reserve (Fed) might begin to ease policy sooner than foreseen. This follows last Friday’s Nonfarm Payrolls (NFP) report, which showed the economy continues to create jobs but at a slower pace.
The...
Gold is following an ascending channel pattern, subdivided into 5 waves with 3 waves each. Wave 3's peak suggests the initiation of wave 4, anticipated to be an ABC correction targeting Fibonacci levels. Interested traders should monitor for pullbacks and consider entry with stops placed above recent highs for risk management.
Gold retraced back up to the 50% fib level OANDA:XAUUSD FOREXCOM:XAUUSD , started creating a consolidation now we will see further sell movement as gold is currently in a correction phase. This is only a trade idea, use proper risk management. Happy trading
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
I want to try this sell, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research
we still wait for more correction for gold. at least until 2200
watch your risk management. Good Luck.
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support !
i'll help you to have a great trade.
Please using good money management.
dont take any emotional...
the market price makes a weekly pullback to last's week's open ...at 2333,despite 2338 was the expected price ... Daily formation makes a valid rejection at the supply price 2333, sold till the current price at 2311... .... sit tight for the next insights fellaz .... boost idea, comment and follow for more .....Thanks ✨
Weekly Liquidity, obvious sell but based on Silver could see a pullback to either take topside liquidity first then reversing, if not then reverse at an Internal FVG or at an internal high
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a few moments ago rebounded from the support line and started to grow near this line. Soon, the price reached the 2290 support level, which coincided with buyer zone, and soon broke this level, after which made retest and continued to grow. In a short time...
GOLD New Forecast
As previously forecasted, the price has declined and is nearing our targeted level.
Currently, the price is poised to consolidate within the range of 2327 and 2302 before any breakout occurs. Presently, there remains bearish pressure, and as long as trading continues below 2327, it is likely to reach 2302. It may experience interim...
I've set up a trading setup for gold and I'm sharing my expectations for its next moves with you for short-term perspective and trades this week on its chart. As I mentioned in previous analyses, we're in a confined trading range, which was expected after the sharp movements in gold in recent weeks.
We're still within a trading range and waiting for a move to...
