Gold Outlook: As the week kicks off, gold's price (XAU/USD) remains comfortably above $2,100, buoyed by expectations that the Federal Reserve may cut interest rates later this year. All eyes are on the forthcoming US GDP data for Q4, anticipated at a steady 3.2%, which could inject new life into the market. Currently, gold hovers around $2,168, experiencing a...
XAUUSD has broken its structure with a huge bearish candle, I expect this pair to fall around 100 pips from the initial entry as i wait for a slight pullback and more bearish momentum to pick up.
World gold prices increased with spot gold increasing by 7.5 USD to 2,170.8 USD/ounce. Gold futures last traded at 2,173 USD/ounce, up 13.2 USD compared to yesterday morning. Prices for the yellow metal rose slightly in early trading as investors awaited key economic data and comments from US Federal Reserve (Fed) officials this week for further confirmation....
Dear friends, gold fell back again after hitting near 2181 during the rebound, and is currently trading near 2175. My trading idea today is very simple. First of all, the rhythm of short trading is still maintained overall, but the short-term level constitutes a head and shoulders bottom pattern, so in terms of trading, we first go long gold, and then short gold....
Dear friends, gold fell back again after hitting near 2181 during the rebound, and is currently trading near 2175. My trading idea today is very simple. First of all, the rhythm of short trading is still maintained overall, but the short-term level constitutes a head and shoulders bottom pattern, so in terms of trading, we first go long gold, and then short gold....
This was a forecast I drew up back in early 2021 when my thesis of an 'early rate hike' was being dismissed by every financial expert I knew. Now, 2-3 years later after a incredible and rapid increase of cash rates to pull back the excess fiat in the system, there is increasing chance of even greater fiat printing. I still believe Gold will extend much higher...
Summary of Thoughts After last week's FOMC meeting, XAUUSD enjoyed a strong rally after breaking out of the previous triangular flag narrowing pattern, at one point touching a new all-time high of 2222. The price then quickly retreated to the 2158 level, where it tested support, before recovering slightly to the 2166-2175 area. With a neutral RSI, price...
XAUUSD Taking into account todays developments bond yields will struggle to move much higher in the near term especially if incoming economic data starts cooperating with policymakers This could prevent
Hey AII I hope this emaiI finds you weII Gold is currently in a good buying zone, but there's a different view. For my opinion picture it like navigating the Bermuda Triangle – mysterious and unpredictable. If it breaks down, it could drop to 2120.500. The price-to-earnings ratio (PE) is around 2178, indicating uncertainty. Yet, there's a solid support level...
as dxy is getting more stronger and gold keep getting weaker. the gold will mostly fall to 2150. the risk is high as it is a counter trend trade.
Gold (XAU/USD) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 2,195.20 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 2,222.93 Why we like it: There is a swing-high resistance at the all-time high Take Profit:...
Buy the breakout or from support line. Trade smartly. Do not overtrade.
Gold price rises to near $2,170 per troy ounce, reclaiming losses from the previous two sessions. The uptick in Gold prices can be attributed to a weaker USD, which is influenced by the dovish sentiment surrounding the Fed's stance on interest rate trajectory.
If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
As we see gold tested and failed yet three times to break the zone around 2180. Therefore it has a higher possibility in short term that gold first will be falling to targets 2157-2147 and or 2126-2115.
FX:XAUUSD is forming a correction after a false breakdown of the resistance of the range. Against the backdrop of a strengthening dollar index, pressure from resistance appears in gold. The market is starting to bet that the Fed will not cut rates this year. At the same time Bostic (Fed) said he now expects only one Fed rate cut this year following Powell's...
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 2205 to 2208. Additionally, medium-risk sell zone and high-risk buy zone between 2183-2186 and 2160.5-2157.5, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 2205...