From a technical point of view, the daily star K-line has fluctuated within a narrow range for four consecutive trading days. The decline was only at the beginning of the week. Judging from the current structure of the daily line, it is still a correction. After the previous decline, it did not quickly recover the lost ground, but fell into the consolidation and...
Gold had a sharp decline yesterday. After a slight rebound at the opening, gold began to fluctuate and fall, falling below the support all the way. It fell below the 2300 mark in the US market. It hit the lowest line of 2284 US dollars in the evening, and finally closed at 2285 US dollars. The daily line Closed at a big negative line. Wednesday will usher in the...
From a technical point of view, today's market situation: On the daily chart, there was a negative line yesterday. It can also be seen that the market has closed negative many times since 2431, and the double indicators are still crossing downwards, especially KDJ, which had an upward limit before, and now starts When the price goes down, the upper track of the...
Hey Everyone, A PIPTASTIC finish to the week with true level to level break and confirmation trading. Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that...
Gold is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The gold market's focus has shifted...
Hey Everyone, Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips. We started the week with price playing between two weighted levels 2351 resistance and 2333 support. We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a...
✅The current zone for XAU/USD is indicating a potential selling opportunity, with the price at 2327/30.00. ✅ This suggests that traders may consider selling the pair at this level. In terms of potential profit-taking levels, traders could look at exiting positions at 2320.00, 2315.00, and 2300.00, representing descending price targets. ✅These levels provide...
Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
Selling XAUUSD at the current price of 2320/19 is recommended. The entry price is set at 2320.10, with three take-profit levels: 2315, 2312, and 2308. Additionally, a stop loss is placed at 2326 to limit potential losses. This strategy aims to capitalize on a potential downward movement in the XAUUSD pair, with the take-profit levels indicating incremental targets...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. LAST UPDATE Price has...
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...
The current selling zone for XAUUSD is identified between the levels of 2292 and 2294. This suggests a potential opportunity for traders to capitalize on downward movements in the market. To maximize gains and manage risk, it's recommended to set take-profit levels at 2285, 2280, and 2275, allowing for incremental exits as the price declines. Additionally,...
The current selling zone for XAUUSD is between 2326 and 2326.00. Traders are advised to consider three take-profit levels: 2322.00, 2315.00, and 2310.00. These levels indicate potential exit points where traders can lock in profits as the price of XAUUSD declines. Additionally, a stop-loss order at 2335.00 is recommended to limit potential losses in case the...
OANDA:XAUUSD market made a notable decline over the week, but it has now rebounded from the key support level at 2300. It's probable that we might see further consolidation because any market cannot move straight up for a long time; it moves in ebbs and flows. This consolidation will likely involve the typical sideways movement and market noise of the gold...
Consider initiating a buy position for XAUUSD at the present level of 2296. This entry point is strategically chosen to capitalize on potential upward movement in the market. We aim for three take-profit levels: 2310, 2315, and 2318, each representing incremental profit targets as the asset ascends. In case the market turns against us, it's prudent to have a...
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2354 resistance and 2327 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2354 to further open the range above or a rejection will follow to...
Gold prices (XAU/USD) traded slightly lighter near $2,335 on Monday during the early Asian session. Recent US economic data shows that inflationary pressures remain stable, casting doubt on interest rate cuts by the US Federal Reserve (Fed). The Fed's interest rate decision on Wednesday is closely watched. The US Dollar Index (DXY) fell to 106.00, US bond yields...