Hello everyone! After yesterday's TP, the plan is changing; we're turning bullish on GOLD! - Here's my view on GOLD: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we have a very strong dollar, and as you know, when the dollar rises, GOLD...
DAILY CHART NARRATIVE: ->Swing is bullish. ->Internal is bullish. ->Fractal structures are bearish ->On this timeframe, a high has just been violated. Therefore, I'm expecting a pullback on the same timeframe, but until the internal structures shift bearish.
Gold has been strengthening all last week and today, Monday, it reaches a strong resistance where the correction phase may find its end. Globally, earlier, we saw a change of trend and at the moment the market is starting to look for a change of sentiment towards selling. Consolidation below 2035-2031 will form a bearish potential Reasons for further...
As per my trading strategy, I recommend to Buy Gold Limit buy Gold from 2023 -2024 with stop loss 2013 Take profit 2055 RRR 1:3
Hello friend we are going to reach 2044 . entry : now tp: 2044 sl :2029
Technical analysis: Despite previous critically Bearish configuration (both Technically and Fundamentally), Gold is kept Supported above #2,027.80 - #2,032.80 former Support now turned to Resistance zone and currently on very positive gradient without any viable explanation (at least to me). However I don't expect those to play that big of a role in the coming...
Technical analysis: Despite previous critically Bearish configuration (both Technically and Fundamentally), Gold is kept Supported above #2,027.80 - #2,032.80 former Support now turned to Resistance zone and currently on very positive gradient without any viable explanation (at least to me). However I don't expect those to play that big of a role in the coming...
xauusd sell move . 4 hr correction complete . 30 min trend line travel. wait for trendline Breakout . Entry - 2023.500 Target - 2016 Stoploss - 2029.700 Thank You ..
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " ABCD " Corrective Waves Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure and Retracement Bearish Channel as an Correction in Long Time Frame
Currently, this precious metal is trading around the $2017 mark, showing a 0.02% increase for the day. As a result, the PBOC's LPR cut and cautious sentiment have prevented the Gold price from moving. Meanwhile, technical indicators are showing weakness just below the middle line, indicating a decrease in buying pressure. In the coming period and based on the...
The metal has been on a clear trend despite the retest experienced at the later part of last week, The week it may like hit + $2060 / 85 per ounce bench mark We at DANCOLNATION CAPITAL is not interested of the retest sells but to catch the impulsive moves
Hello traders ,what do you think about GOLD?Gold is placed below the resistance zone and the trend line. It is expected to fall to the specified level after the completion of the pullback to the broken level. This week, important data will be published, including the PCE, from the US, which will affect the US dollar and ultimately the movement of gold. If this...
H4 Analysis: Expectation remains the same as per analysis yesterday (25/02/2024) -> Swing: Bullish. -> Internal: Bearish. -> Sub-Internal: Bullish. -> Has reached EQ. I have marked sub-internal in red due to the significant range of the internal structure. Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback...
XAU/USD hit a high resistance area there is a tp1,2 and 3 XAU/USD seems like it's going to drop tell me what you think traders?
hello Trade, Thoughts on the latest developments Spot gold prices experienced considerable volatility last week. Following the release of some data, the price briefly stalled at $2,034, then fell to $2,016 (near the MA100 moving average), but soon climbed back above $2,034. By Friday's close, the price was near $2,040, showing a fluctuating washout at the lower...
Gold has touched the resistance trendline for the third time in a downtrend channel. Wait for proper confirmations.
Gold technical analysis XAUUSD / Gold Gold has rallied steadily of late as the market discounted most expected rate cuts and converged on the Federal Reserve's forecast of three rate cuts this year. We are now in balance, so the next few weeks of data will be very important for market direction. Hot economic data may even prompt the market to price in the rest of...