- Quite a run on gold - Left a lot of inefficiencies behind 2 potential targets annotated on the chart Gold can take its sweet time to accumulate shorts This week will be interesting, potentially choppy
Looking like the sell I wanted yesterday is setting up, again 4 out of 5 requirements met. If trend breaks I will not be adjusting my bias, I will just sit this one out
Market participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September. ...
Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Hey There, Welcome Back. Today we analyze the evergreen hedge commodity. - If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes. - The chart of Gold Futures is showing something interesting. The price took quite a rejection from the recent support zone. -...
Traders see a 64% chance of the Fed cutting interest rates in September, according to CME's FedWatch tool. Lower interest rates will make holding non-yielding gold more attractive. Data on Friday showed that U.S. job growth slowed more than expected in April, while year-on-year wage growth fell below 4.0% for the first time in nearly three years. New York Fed...
Gold recently sold off after falling below its ascending wedge, but looks ready to make a recovery after breaking above a descending trendline. I'd expect upside from here, or a retest of the trendline before moving higher.
Technical Momentum Weakens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,269 and well above the 200-day moving average at $2094. The technical perspective shows momentum studies declining, with the 9-day...
Israel suddenly launched an air strike on Rafah, and nearly 100,000 people began to evacuate. On the night of the 6th, the war in the Middle East escalated again. Geographical risks have been the focus of global attention in the past two years. Since the outbreak of the Ukraine-Russia war and the Palestinian-Israeli conflict, risk aversion has been...
Was looking to buy gold earlier but my rule is to let a 15 min timer after news expire so to allow for a cool down.. Would have already been in profit though. Rules are Rules As im typing this the order triggered, updates as follows
The strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased...
Was expecting a dip, however we ripped out of the bull flag. New path of interest will be taking new highs before a buyable dip. That's where I will be interested in playing again.
The US #Dollar is trading in the middle of its range since Late 2022. It is also holding the recent uptrend well. TVC:VIX is a tad lower today. #Gold & #Silver still look good, Daily & Weekly. Loading up on AMEX:SLV when we stated the inverse head & shoulder was a good move. (took some off recently but still have large position) AMEX:CEF AMEX:GLD
gold just gave a divergence -tight divergence on the daily tf and a wide divergence on the 4hr tf . it as well gave us a rising eadge with a break of the counter trend line and a retest on the 4hrs time frame giving us an entry
Moving averages displaying all the characteristics of an uptrend, classical Inverse H&S pattern formed, as long with volume upticks with prices pushing upwards leads me to believe this precious metal price could increase
Technical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the...
Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Gold now at sideway .but it may go up soon. Just follow trend . Trend following strategy is so easy to earn money.