#GOLD - H1 📣 Upon analyzing the 1-hour timeframe, with the breakdown of the consolidation zone at 2341, we expect a price decline towards the 2320 range. ⛔ Stop Loss: 2360 On the other hand, with a breakout above the 2360 range, buying can be considered with a target of 2380. ⛔ Stop Loss: 2341
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade
Currently, gold is experiencing a bearish market scenario, with fluctuations in its price witnessing a state of imbalance. Employing a swing trading strategy suggests waiting for the price to rebound to the $2400 mark before executing a sell order.
Sell Reversal Looing for Gold to come back and break Aprils Low at around 2228.59 & the 50% FIB area of the current W bullish swing at around 2202.35. If these areas are broken, I would look for a H&S (Head and Shoulders) to form for a bearish continuation/reversal of the current trend. TP1 around 1931.77 current swing low | TP2: around 1810.50 swing low | TP3...
XAUUSD is making ABCD Harmonic pattern on 4h Timeframe. At point D there is a possible reversal one. Trade will be valid only if there is bearish divergence on RSI at point D. Wait for confirmation to enter in the trade.
Hi Traders, In the realm of financial prognostication, few assertions carry as much weight as the trajectory of gold prices. As we stand on the precipice of 2024, all signs point resolutely towards a momentous ascent in the value of this timeless metal. Gold, with its intrinsic allure and historical significance, has long been viewed as a bastion of stability...
According to price action, yesterday price tend to give us a short sell, hopefully unemployment claims didn't take out stop loss, today is bulls day
Hello Everyone, XAU/USD has surged upwards and is now testing the daily pivot point (1D PP), which has been acting as resistance. If the price can settle comfortably above the 1D PP, further upside is likely. Conversely, if it establishes below this level, we may see tests towards the weekly/monthly pivot points (1W/1M PP) again. TradeWithTheTrend3344
2400 is a strong resistance zone. We may see a few days of ranging market around this area. Today's strategy is sell from 2385-2389 and buy from 2355-2358. Let's see the price action at these two zones. Market will provide us opportunities. Be patient.
Gold Price Update: Hey everyone! Gold is making moves, hitting the $2,357 mark early Wednesday thanks to a weaker USD after the US Producer Price Index (PPI) data dropped. The numbers showed inflation is still in the mix, with the monthly PPI up 0.5% in April, a jump from -0.1% in March, and beating the expected 0.3%. Looking Ahead: Gold has found new support...
I see XAUUSD currently in wave 5 of (3) of ((3)) of v. I am looking for this move to approach 2600 before a pullback towards 2400. I think the time between the years 1976-1980 is a good reference for where I think we are in XAUUSD's current wave v. Wave v's in XAUUSD tend to be rather extended. Orange ellipses are wave 1's and green ellipses are wave 3's. Big...
Gold will be buying to the high, with the news release i also anticipate for NY session to push
World gold prices increased thanks to motivation from the weakening of the USD and US Treasury bond yields after US producer price data for April was announced. Specifically, the US producer price index (PPI) in April increased by 0.5% over the previous month, a stronger increase than the forecast of 0.3%. Core PPI (excluding volatile food and energy) also rose...
another scenario larger wave 4 c end at 1980 2600 wave 5. Large but possible b 1.618 of wave a. A running flat with symetry
dear all my wolfy traders : I see a down trend for Gold its true unless price breaks red area with price : 2437.189 so I prefer to trade it short. be aware of the small waves that may cause loss for you so try to find good areas to enter. respectly ask any question if you have.
Good morning Traders, This is my sell zone for today 💡 Nothing clear to be honest just this zone created on Asia session. It’s a risky one as Asia High is resting above, but will monitor and see how it reacts. We have news today so we might see low volume until news time. Keep it safe 🤝 Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit...
final night time I additionally shared approximately GOLD in keeping with Trend, it's going to maximum possibly growth strongly to 2450. This morning once I opened the consultation, I noticed Tang Manh, however I become afraid that the consultation might be smooth to run virtual, so now I endorse it. >At this price, I see GOLD is gathering to growth further. It is...
XAU can take 2516 $ and new target you can buy ETF and waite for achieve this target