Hey Everyone, A PIPTASTIC finish to the week with true level to level break and confirmation trading. Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that...
Gold started to retreat after reaching a high of 2326 yesterday, and did not extend the retreat on Friday night, thus forming a volatile downward trend. From the monthly level: the monthly line has given a long upper shadow line of 100+ US dollars last month. This K-line shape is effective for short sellers. The monthly K line can continue to be short on gold; the...
User Analysis: Metal: spot Gold (XAUUSD) Price: $2298 per ounce Technical Analysis: Buy Trend: UP Expected Scenario: Prices could starts upward movement again after the corrections last few days and ( fundamentally ) after the release of the Non-Farm Payrolls (NFP) news from the US, which was impacted negatively on the US dollar. Additionally, the daily...
Consider initiating a buy position for XAUUSD at the present level of 2296. This entry point is strategically chosen to capitalize on potential upward movement in the market. We aim for three take-profit levels: 2310, 2315, and 2318, each representing incremental profit targets as the asset ascends. In case the market turns against us, it's prudent to have a...
Baga tsagin zaswar hudulguun hanasan buguud impulse barij avah shaardlagatai risk entry bolon AAD entry hiih bolomjtoi.
The down candle tail on the W1 touch the 2300 sign of down. D1 Ranging. H4 ascending triangle pattern should be failure. Short only will enter if the price pullback to 2300, and target 2282.
Risk Warning: It is important to note that this is just one indicator and should not be used solely to make trading decisions. It is always advisable to consider other technical analysis tools and fundamental factors before making any investment choices.
Gold prices recorded a slight decline after recent losses as traders continued to price in higher longer-term US interest rates ahead of the US Federal Reserve (FED) meeting over the weekend . The yellow metal fell from record highs reached in early April as safe-haven demand weakened in the absence of any escalation between Iran and Israel. This makes gold...
The Federal Reserve is expected to announce its monetary policy decision from the April 30-May 1 meeting. It is anticipated that borrowing costs will remain unchanged at 5.25% to 5.50% and forward guidance will stay the same. The focus will be on Fed Chair Powell's press conference for insights into the policy outlook, as there are no new economic projections at...
Gold prices reversed after yesterday's plunge immediately after the US Federal Reserve (Fed) decided to keep the standard interest rate unchanged at 5.25% to 5.5%. Both Fed Chairman Jerome Powell and state Fed officials in the US have expressed reluctance to start cutting interest rates until they are more confident that inflation is on track toward goal 2....
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...
After the United States announced the non-farm employment index, prices first soared to 2320 and then fell rapidly. After falling below the low of 2281, they reached 2277 and are currently in the rebound stage. No matter how the price rebounds, it still returns to the downward trend. The current trading strategy is to sell at the resistance level. Trading...
OANDA:XAUUSD market could see more volatility next week on news from the Federal Reserve and is expected to signal that it will not be ready to cut interest rates in June. Although expectations of loosening policy by the US Federal Reserve are fading, gold prices have also increased about 17% since February this year. Gold's strong performance is linked to...
Market attention turns to the Federal Reserve's monetary policy decision on May 1 and upcoming nonfarm payrolls data. Data released last week showed US gross domestic product fell short of target, while the core personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, stagnated at growth of 2.8% year-on-year for the second...
OANDA:XAUUSD spot faced strong selling pressure and fell to a one-week low ahead of the Federal Reserve meeting. The Conference Board's consumer confidence index fell for the third straight month in April, falling to 97.0 from a downwardly revised 103.1 in March. Pessimism prevails ahead of the Federal Reserve's monetary policy announcement scheduled for...
After the Federal Reserve kept interest rates unchanged for the sixth time and announced it would slow down the pace of balance sheet shrinkage, gold prices rose sharply above the $2,300/ounce mark and remained above this key price level. , and also achieved the target adjusted increase in publishing the previous issue sent to you. Market news and reviews The...
OANDA:XAUUSD is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The US ADP jobs report...