Buy Entry : 2286.9 SL: 2279.5 TP: 2302.5 RR: 1:2 All the best :)
Gold is shining bright as it rides a bullish wave, fueled by geopolitical tensions and economic uncertainty. Technical indicators are pointing upwards, hinting at more potential gains. Day traders can hunt for buying opportunities during pullbacks, but must tread carefully in gold's volatile waters. Entry: 2333.19 SL: 2328.31 Target 1: 2337.21 #Gold...
Gold is expected to rebound from Friday's downward trend and continue its bull run, possibly reaching $2600 per ounce when the New York session opens on Monday. Investors may seek to withdraw funds from the market, but potential reversals could offer opportunities to collect more liquidity. Tensions in the Middle East, particularly between Iran and Israel, could...
GOLD Inside the Corrective Pattern - Both Scenarios Are Possible GOLD Inside the Corrective Pattern - Both Scenarios Are Possible The price is moving inside a 60-minute Ascending Channel pattern suggesting further growth but it's a bit tricky. It can also confirm a bearish wave... F rom the current perspective, the Bullish scenario has more chances for today....
The Federal Reserve's interest rate decision on gold has kept interest rates unchanged, and the Fed is still doubtful about the next interest rate cut. It is still a bit difficult for gold to reverse directly into a deep V, and it is not enough for gold to reverse directly. Gold's 4-hour moving average is still a dead cross downwards, and the 4-hour double top is...
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price increases in the coming hours. Key Points: Buy Entry: Consider entering a long position...
Please pay special attention to the accurate trend, colored levels. Be careful BEST MT
MY IDEA FOR GOLD IN NEXT WEEK I think that in the coming week, due to the events and the settlements that have not been done in the stretched areas, the price will reach these areas and more settlements will be made, and I am considering a drop for gold in the coming week.
This chart depicts the price movement of Gold Spot in relation to the U.S. Dollar over a period of time, likely on a one-hour timeframe based on the label. Here's a summary of the chart analysis: The chart shows a pattern resembling a rising wedge formation, characterized by converging trend lines sloping upwards. Within this pattern, there's a series of higher...
Gold continues to decline, isn't it exciting? Recently, every time gold rebounds, we say it's just a rebound, not a reversal. A rebound presents a better selling opportunity, and it seems that everything is running as predicted. The 4-hour moving average of gold has crossed downwards, indicating a bearish trend, and the 2300 psychological support level has been...
The XAUUSD pair, representing the price of gold in US dollars, has experienced a significant shift in its market dynamics. Previously, it had been riding an upward trend, buoyed by positive momentum. However, recent developments have seen this trend falter, marked by a notable breakdown. This breakdown is particularly highlighted by the crossover of the...
Chart Base On Support & Trend Line Support. I'm 90% Sure About This Trade.
- I'm still favoring bull case - Wave 2 turned out to be more complex; still waiting for wave 3
The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article. In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence ( Over Bought ) Bullish Channel as an Corrective Pattern in Long Time Frame Fibonacci Level - 261.8%
By checking the gold chart in the 1-hour time frame, we can see that the price started falling from the range of $2332 last day and corrected to $2312! (+200 Pips) After that, it faced buying pressure again and grew to $2352! There are a series of very important supply levels in front of the price that I want to specify for you! First of all, the range of $2352...
XAUUSD price is in the support zone. If the price cannot break through the 2296 level, it is expected that in the short term there is a chance that the price will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!