The USD has continued to rise thanks to market concerns that the Fed may not start cutting interest rates in June but will wait until July. This has caused some major currency pairs to decline sharply.
During the March 19 session, gold charges fell to $2,a hundred and fifty because the US greenback endured to growth in fee in advance of the Fed`s FOMC assembly. The valuable metal's nearest guide is on the December four top around $2,145. If this threshold is broken, XAU/USD ought to fall to the following guide quarter at $2,097.
Today, all interest can be at...
Good morning traders.
This is my setup for today.
Not much to say tbh, gold is just creating liquidity all over the place.
Important news today, so keep in mind.
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TVC:GOLD currently has bullish divergence after completing a bullish AB=CD harmonic pattern. If the LH is broken, we could see bullish price action on Gold.
Hello traders!
The Xau/Usd pair is still consolidating for the move. You have to wait for the breaks. Target Buy: 2195.90. Target Sell: 2120.800. Be careful! Don`t forget to look at the economic calendar!
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Gold currently on a resistance zone on the daily with a possible move to the downside which could give a 290 pips movement explained in the video.
Remember: Risk management very important
GOLD TRADING STRATEGY ON March 20, 2024:
Strategy 1. From now until 11:00 a.m. - 12:00 p.m. Gold returns to 2153, then buy gold. TP hopes to reach 2162 further than 2173, but there are conditions when Gold closes above 2158 at 4:00 p.m. Otherwise, gold closes below 2158. Exit Buy and move to Sell to 2143, at this time you can hold until 7:00 p.m. Gold breaks...
I was expecting a strong downside moves on gold, but the chart is showing something different. The price is approaching short term trendline, and i expect it will broke up. Invalidation below $2146 and target $2176
As soon as the candle comes out of the resistance, then we have to wait for the retest, and as soon as the retest happens, after a bullish candle, we have to enter, as explained to you above.
In A we are confirmed that yes we have a Bullish Momentum can be found and we enter on B
GOLD Bullish Falling Wedge Formed & Bullish Breakout Expected.
Next target to see 2190-2200 in this week. Take Long position after successful bullish breakout of GOLD above the Trendline.
Considering the recent rising wave, it is expected that the continuation of the correction process will take place. Therefore, as long as the price does not stabilize above the green resistance range, the corrective and downward trend is still more likely
Seize the opportunity! The current market trend suggests selling at 2155/2157. 📈 Secure your position now and capitalize on potential gains. 🛡 Enter the market confidently at 2155, positioning yourself for success.
✅ Strategically plan your exit strategy with Take Profits set at 2140 and 2120. Maximize your profits while minimizing risk. Don't miss out on the...
Hello,Friends!
Previous week’s red candle means that for us the GOLD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2163.729.
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Here the price has broken the neckline, but it does not mean that we will buy here; if the price keeps moving below the previous high, the pattern may fail. If we want to make a proper entry here, we will have to wait for the last high to break
