Fundamental Gold make a big drop on Monday, due to the cool down of political tension in Gaza and Ukraine. Technical Gold is approaching the 2300 level. This is psychological round number level. Buyer will enter at this level . Below is SMA 200 , lie at the 2250 level. If support level 2300 broken, this level will be test.
At present, gold has entered a downward trend in the short term. The candle line has fallen below the 200-day moving average, and the 20-day moving average has crossed below the 50-day moving average to form a dead cross. The price is expected to fall into the 2300-2319 range next, and can be sold after rebounding to the 2340-2350 range.
Gold price rebounds to $2,380 in Thursday’s European session after posting losses on Wednesday. The precious metal holds gains amid fears that Middle East tensions could worsen and spread beyond Gaza if Israel responds brutally to Iran.
Sentiment for strong buy, ISM & FED Rates news coming soon. I see a good opportunity to sell trading against the majority. Anyway 200 SMA must be touch on 4H Timeframe.
long opportunity after MMS with the lower of previous day was taken .. so hunt the chance
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Dear Traders, This why we think Gold is going to plummet, Persisting Inflation: Sticky inflation signifies a troubling scenario where prices resist adjusting swiftly to shifts in supply and demand or broader economic changes. If inflation persists at heightened levels despite the Federal Reserve's attempts to manage it through interest rate adjustments, it could...
After some correction, it is expected to continue the downward trend. According to the behavior of the price at the support levels and the support trend line, the continuation of the movement trend will be according to the specified paths. If the price does not cross the support range, it will be a warning for the continuation of the upward trend and the formation...
Dear all, Look at the chart it is still up trend, no doubt. Although now comes the selling momentum, but it is just temporary. If the break the zone 2.8k is to be expected. 2280 should not be broken down if it really is super bullish. TraderPP
Market shifts the stature they are some imbalances and liqulity .hopefully swipe the liqulity and imbalance touch the order block.
World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce. The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that...
Looking to buy gold here target price 2,500 with hurdles at 2354.73 & 2431.59. stop level on a 2 days close below 2291.465 or a 2% intra-day break below it.
In the current market, gold has maintained a spotlight position as traders navigate through fluctuating CPI data and escalating geopolitical concerns. The precious metal's price has been a bellwether for investor sentiment, balancing inflationary pressures with its traditional role as a safe-haven asset. Technical Take: The chart illustrates a critical juncture...
Analyzing the H1 timeframe suggests that gold may soon experience a decline back towards the support level at 2298. Notably, the current resistance level was once a robust support level. The decisive breakout signals gold's intention to sustain its downtrend. Therefore, I intend to capitalize on this opportunity with a swing sell. Are there many who share my...
longer projection is that its on a downward trend to target level 2274. Right now as i am posting this, gold is between two different orderblocks there is one at 2314 that is pushing it back to an upwards trend. but there is a larger bearish Orderblock above that at 2343.53 pushing it down. so at the moment its in a ranging momentum. it might break free out...
Fundamental Analysis Weak S&P Global Business PMI data cast doubt on US economic developments amid growing expectations that the Fed could keep interest rates 'higher for longer' US Q1 GDP forecast will be announced on Thursday, expected to decrease to only 2.5%, this will weaken the US dollar and create conditions for gold to grow. Technical Analysis On...
There's an AB=CD pattern for mid-long term trend. D=2431.38? maybe, we need more signals. But for short term trade, I prefer to sell high. Thanks & take care!
Gold just crossed the higher high let's gooo. 1 more break