In early trading on Monday, spot gold suddenly fell rapidly in the short term. The price of gold plummeted by nearly $15 from a level near $2,337/ounce, and currently hit a low of $2,319.82/ounce, setting a new intraday low. A piece of heavyweight news came from Israel, which further cooled the market's risk appetite, thus hitting the gold price trend. This week...
Now Cup Pattern formed and wait for the Breakout. Because Breakout is the only confirmation to achieved Cub Target. In stock market commonly formed Cup & handle Pattern. I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Watch Londons price action as it works into the low of China/or takes the low to make a New Low of day back up into the Hi of day for NY reversal back down... Watch the clock and levels for your setups!!! Let's all eat with the 🦈
Price have been trending downward yesterday, hoping it'll be continuation trend after pull back, but during London session market changed, for breakout existed
As the market changed its character to up side old setup it may not work so I am considering new sell setup to short
My idea from earlier did not go as I had hoped. I have however been holding a short from 2375 since last week Friday. I've taken partials since, but still holding. It is making it's way back to my initial entry so I'm looking forward to seeing how this all plays out. My confluence for this setup is fairly straightforward - price reversed after creating a new...
XAUUSD Daily Timeframe The market has been on overall bullish trend and the market hit one of my major level around 2300 - 2360 break above and come back for retracement to retest the mejor level, but we can see the market starts to consolidate within the major level and the (fakeout) where the market break first, tho there’s a strong sellers that’s trying to...
Traders and buyers are looking ahead to key US inflation statistics for April launched this week which includes the manufacturer fee index (PPI) and client fee index (CPI). PPI is forecast to boom 0.3% month-over-month, in comparison to a 0.2% boom withinside the March document. CPI is forecast to boom 0.4%, in comparison to the March document which confirmed a...
Gold prices in Asia increased in the afternoon trading session on May 14, as the market is awaiting important inflation reports expected to be released this week, for more clues about the speed and scale of interest cuts. interest rate of the US Federal Reserve (Fed) this year. Spot gold price increased 0.2% to 2,338.78 USD/ounce, while gold futures price...
Sellers have taken control, breaking previous lows and creating downside momentum. However, a deceptive move leads to a temporary low, followed by a sharp rise to create liquidity for sellers. I'm considering a sell trade at the established high, targeting a supply area for potential profit as momentum reverses from high to low
Traders and investors are awaiting key US inflation data for April released this week including the producer price index (PPI) and consumer price index (CPI). PPI is forecast to increase 0.3% month-over-month, compared to a 0.2% increase in the March report. CPI is forecast to increase 0.4%, compared to the March report which showed a 0.0% increase. 4%. The annual...
Hello traders. We have news in a few minutes. If 2348 / 2350 holds as resistance, we should see a push down. Scalp buys from 2345 were valid although I am in no trades currently. Let's see how the next hour plays out. Trade carefully. Potential push down as the US dollar is manipulated and that is all I can say. Happy Tuesday. Shout out to Big G. Be well...
Applying risk management in forex trading is crucial for long-term success. Here are some key steps: 1. **Define Risk Tolerance:** Determine how much you're willing to risk on each trade. This is typically a percentage of your trading capital. 2. **Set Stop Losses:** Place stop-loss orders to limit potential losses on each trade. These orders automatically close...
what is your opinion after yesterday pull back,do you think today is gonna continue to decline or continues to rise?according to my view n analysis am seeing a continuations in growth.
Gold prices fell in today's Asian session, consolidating some recent gains as traders turned more biased towards the dollar ahead of key US inflation data later in the week. The yellow metal saw some strength last week as some signs that the US economy was cooling sparked speculation of a rate cut by the US Federal Reserve (FED). capacity in 2024. However, gold...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 14 May 2024 SELL LIMIT Order: $2352.16 Stop Loss: $2364.80 Take Profit 1: $2339.77 Take Profit 2: $2323.28 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Considering the upward trend of gold over the past several weeks, we now expect a correction. Taking into account the one-hour structure, we can enter trades in the specified areas.