The decline in the price of gold can be attributed to several factors. One of them is profit-taking by investors, considering that the precious metal has seen a 20% increase over the course of a year. This may have prompted some traders to close their positions to cash in on gains.
Additionally, Hedge Fund Managers may have deemed gold as extremely overvalued,...
Am looking for a sell setup on the current market structure. Fundamentals might be the opposite and the market can shoot upside am not ignoring that part but I don't trade that way, I'll avoid any buy setups and focus on sells.
This down wave might break the bullish trend and move a little far and this is based on technical wave analysis and market structure....
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The pair XAU/USD has increased to historically high levels at (2430.00). In my opinion, the price has to decrease to (1840.00). Fast movements can be expected. Be careful! Patience is the main key to success. Don`t forget to look at the economic calendar!
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Gold has rebounded to around 2332 in the short-term. Many people are definitely afraid that gold will continue to rise to a higher level again. Maybe many people are even chasing gold above 2330. In fact, as emphasized in the first two articles, gold has now fallen below the upward trend, and the short trend is now very strong. The short position is far from over,...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Now that gold has exceeded $2,330, the release of data on the number of initial jobless claims in the United States for the week ending April 20 will have an impact on gold. After the data was released, the price of gold fluctuated rapidly.
On Thursday, the United States will release preliminary data on first-quarter gross domestic product (GDP), which is...
Hey there on 1htF the Gold has rebound from 2311 and 2317 on Wednesday so we can now see a dip more from 2327 XAU/USD trades at $2,327 and has gained 0.28%. The Middle East conflict seems to have de-escalated following the fire’s interchange between Iran and Israel. Expectations for a Federal Reserve (Fed) rate cut in June and July vanished as most market...
XAUUSD has been ranging between 2335 and 2311, with price failing to break the resistance we can expect a bearish move too 2311, SL and TP will be adjusted to suit Price Action, I advise if your taking this trade monitor and use utmost Risk.
The price perfectly fulfilled my last idea. The price broke through the Friday low. OANDA:XAUUSD is testing the support level of 2350, where we had a sharp bullish move. The gold is still ranging after it made a new high within the last two weeks of highs and lows. It might continue ranging between 2350 and 2400 price levels. I expect a retest of the recent...
1. The fact that the Iranian government downplayed the attack on Israel and said it would not retaliate has cost the market some risk premium.
2. Spokesperson of the Iranian Ministry of Foreign Affairs: Israel has received the necessary response at the current stage. The Israeli attack was trivial and militarily worthless.
3. The Israel Defense Forces issued a...
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Geopolitical risks in the Middle East and signals from the Federal Reserve are two primary factors influencing the potential decline in the price of XAUUSD. When geopolitical tensions ease, demand for safe-haven assets like gold typically diminishes, especially if diplomatic breakthroughs or peaceful resolutions occur in the region. Similarly, indications from the...
Based on the M30 chart analysis, we can see that the price has just bounced off our buy entry at 2296, which is an overlap support.
Our take profit will be at2326, which is a pullnack resistance level.
The stop loss will be placed at 2264, which is an overlap support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of...
The price spiked up from the support level. OANDA:XAUUSD made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I expect a...
