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...
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...
Bias is Bullish. Price is moving up with convincing momentum. Respecting bullish PD Arrays, disrespecting bearish ones. No signs of reversal. The intent to reach the DOL/Swing High seems clear. The expectation is for Gold to make further gains. A potential pullback to 2400 area would make sense as a zone to buy from, as buying from the top is not...
Gold now at sideway .but it may go up soon. Just follow trend . Trend following strategy is so easy to earn money.
We have used advanced market theories in this analysis considering the economical factors and multiple charts analysis
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 is near resistance. It is in sideways near resistance. If it breaks that resistance level in weekly. It will go to new level. Maybe around 90000.
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards. The short-term outlook suggests that wave ((1))-red recently reached a peak, and wave ((2))-red is unfolding to push lower. Subsequently, wave ((3))-red will return to begin...
Initial set up a pending order for the sell stop, thats now been invalidated. Looking for a change of direction confirmation. If that does not occur Ill be placing the sell top order again
I observed a bearish flag pattern on the 15-minute timeframe (TF15) for gold trading. After noticing the price break below the lower boundary, I entered a short position during the first pullback, targeting significant resistance for a short swing trade. On the 4-hour chart (TF4), one can also consider shorting based on the price pattern illustrated in the...
As we observe gold on the hourly, it was stagnant throughout today's NY session. I have also mark an ascending trendline. For me to jump in a buy I would need for it to crack 2337 and a retest. For a selling opportunity, I need it to break this TL and crack below 2327. I see this as a perfect opportunity for a breakout to happen on either direction.
Gold (June) / Silver (July) Gold, last week’s close: Settled at 2308.6, down 1.0 on Friday and 38.6 on the week Silver, last week’s close: Settled at 26.69, down 0.139 on Friday and 0.845 on the week Gold and Silver futures turned higher upon China’s open last night at 8:00 pm CT. It is important to remember China was on holiday late last week, which means a...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards. In the short term, the completion of wave (iv)-purple in an ABC pattern indicates that the upward movement from 2285.2 suggests that wave (iv)-purple may have ended. Pushing...
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...
gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....
Gold is tricky at the moment because it's uncoupled from traditional influencers, it is a form of currency and I think central banks buying gold as a possible hedge against any pending currency crises that might ensue either debasing the US$ or the problems the Japanese are facing with their currency woes. So I believe we push on higher but at a junction right...
The only chart you need right now. #gold momentum resetting volume resetting
If Sustain above 2309.6 then 2324.6 to 2325.9 or 2328.5 to 2331.3 or 2333.6 above this bullish then 2347.1 to 2353.8 If Sustain below 2302.0 then 2286.1 to 2283.0 or 2280.7 to 2278.0 below this bearish then 2263.6 to 2256.9 or 2254.1 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or...