Gold: Between Two Fires - Focus on US GDP data In this analysis, I have explained the critical position of the gold price and the two possible scenarios it can create during the GDP data. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
🏃♂️ Gold is moving near the 🟢 Support zone($2,327-$2,302) 🟢, 100_SMA(4-hour TF) , Yearly Resistance(2) . 🌊According to the theory of Elliott waves , Gold seems to have succeeded in completing wave 4 with Double Three Correction(WXY) . 📈In terms of Classical Technical Analysis , the 🏳️ Bearish Flag Pattern 🏳️ is well visible. 🔔I expect Gold to fall...
Friday gold was close to print a key reversal on the daily chart. It was day 41 in the current daily cycle. Day 41 is quite late in gold's daily cycle as a normal cycle 41-46 days long. We can easily find daily cycles on the gold chart where gold printed a DCL around day 40-44... A usual daily cycle decline lasts for 5-7 days so if I'm right gold will print its...
Trading Setup: A Trading Signal is seen in the Gold XAUUSD (1h) Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 2361.0 ⭕️SL @ 2399.3 🔵TP1 @ 2274.3 🔵TP2 @ 2235.6 🔵TP3 @ 2178.9 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...
✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024 🔥 World situation: Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD. 🔥...
After today's opening, gold suffered two smashes again, falling below the 2318 support and even falling below 2300, a drop of nearly a hundred points. Since the fall from the high of 2417, gold prices have been under pressure and the decline has further expanded. On the daily chart, the price of gold first shot up to around US$2,431, and then fell back to nearly...
Gold is facing strong resistance and is likely to drop. Consider shorting gold at the current resistance level with a target price set at the nearest support level. Monitor price action and market sentiment closely for potential profit opportunities. Use proper risk management techniques and stay informed about economic data and geopolitical events. Entry:...
The XAU/USD pair is showing bullish momentum, with the weakening US dollar and global economic uncertainty driving up the price of gold. Technical analysis also supports a bullish bias. Day traders may consider going long on the pair, but should exercise caution due to gold's volatility and use proper risk management techniques. Entry: 2323.28 SL:...
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...
Market Analysis: Gold Price Corrects Gains Gold price rallied above $2,400 before correcting lower. Important Takeaways for Gold Prices Analysis Today Gold price rallied significantly above $2,400 and recently corrected lower against the US Dollar. It cleared a key bearish trend line with resistance at $2,310 on the hourly chart of gold at FXOpen. ...
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The near-term appeal of the precious metal remains weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is trading lower at $2,335 early Monday in Asia. Persistent US inflationary pressures are raising uncertainty about upcoming Federal Reserve rate cuts. The Fed's interest rate decision on Wednesday will be a key event to watch. ⭐️ Personal comments NOVA: According to weekly...
Gold rejected from supply zone/order block from yesterday and has formed a lower low this morning. If we go by ICT we are going back to 22xx from here. I have entered a short once the previous low was broken at around 2324.5. Plan is to exit in parts based on support levels below and Fibs. With news and wars making markets extremely volatile I entered the trade...
Hi folks today I'm prepared for you Gold analytics. A few moments ago price reached the support level, which coincided with the support zone, but at once rebounded and declined to the trend line. After this movement, XAU turned around and made a strong impulse up, breaking the 2300 level, after which it rose a little more. Later Gold corrected, after which in a...
15M Close Bearish Then Sell Strong Bearish Pre London Open Target 1 : 2312 Target 2 : 2310
XAUUSD has displayed a 123 pattern and formed an ascending triangle, coupled with a breakout of resistance, all indicating a potential bullish movement. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before making any trading decisions.
In times of geopolitical turmoil or war, investors often seek refuge in currencies perceived as safe havens. several currencies are considered safe harbors due to their stability, liquidity, and low risk of depreciation. Some of the notable safe-haven currencies include: 1-US Dollar (USD): The US dollar is often regarded as the ultimate safe-haven currency due to...
Gold has surged to an astonishing level, nearing $2,350. Gold prices are struggling to attract any meaningful buyers amidst the emergence of new USD buying pressure. Betting on the Fed's likelihood to maintain higher interest rates for a longer period amid challenging inflationary conditions is expected to bolster USD demand. From a technical standpoint, despite...