Gold is currently moving in a descending triangle. Key support: 2144 - 2149 Key resistance: 2158 - 2163 Gold is waiting for interest rates to come in and provide a 200-400 pip fluctuation! 💰 Fundamental analysis: Numbers above the expected limit of inflation in the United States last week confirmed that price pressures persist and the final stage of...
FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two structures, support at 2158 Goldturn and resistance at 2169 Goldturn. We are looking for a bullish test on 2169 and a break and lock above 2169 will open the range above. We also have a immediate bearish test at 2158 and a break and lock...
Greetings dear trading community, let's explore today's gold price movements! Gold continues to elevate its stance this Thursday, marking a significant rise from yesterday's price of 2175 USD to currently hover around 2190 USD. This upward trajectory is heightened by investors' anticipation of the upcoming U.S. inflation data. The focus is squarely on the U.S....
Gold prices rose on expectations that the Federal Reserve will cut interest rates this year, although traders are still waiting for inflation data this week to confirm the timing of a rate cut. Spot gold closed at around $2,171.5 an ounce yesterday U.S. sales of new single-family homes unexpectedly fell in February after mortgage rates rose during the month, but...
Hey Everyone, Another fantastic day on the charts for us with our 4H chart also hitting all our targets. Earlier this week we got our bullish target 2180 hit followed with our ema5 cross and lock above 2180 opening 2196 and 2223. We got the 2196 twice giving us plenty of opportunities to buy dips for the targets and now heading towards the final target at...
This is a long analysis I made both for myself and to share it with you, I have to say that, I don't usually trade Gold. And I won't be able to comment on the current state of world and news. So this analysis will be focusing only on the charts, please consider the market data and news before taking any position. I summarized everything at the end of the post... ...
Hello dear friends, curious about this week's gold price trends? As we step into a new week, gold has already seen a continuous rise of $10, reaching $2175 during the Asian session. In the short term, it appears set for further growth, though it may encounter resistance around the $2185 mark. The Federal Reserve's monetary policy decisions in June are poised to...
In today’s trading session, gold slightly retreated after a strong surge that broke through the $2200 USD/ounce ceiling, a rally further fueled following remarks by Federal Reserve Chairman Jerome Powell indicating the central bank's plan to implement three rate cuts in 2024. However, as of now, gold has adjusted by decreasing 0.3% to $2175 USD/ounce after...
Introduction - Once again with conviction in due diligence and much, much anticipation, Binary Forecasting Service presents 2300 tomorrow by noon New York time. From time of posting at 4:46 PM ET on 03/27, that is less than 20 hours away and I am dead serious. Details - For background , see previous work in links below to recent drafts. Otherwise, consider: 1)...
After the gold daily line experienced a wave of highs and declines and closed the extremely long upper shadow line, it closed negative again, with continuous negative lines falling back, and the disk price has returned to the original correction area. Regarding the next trend of gold, we need to pay attention to the following points: First, from the perspective of...
With the new review of gold in the 1-hour time frame, we see that the price rose to $2200 last day and then it was corrected! Now, in my opinion, gold can be associated with a growth up to the range of $2203 to $2210 and after that we can have a SELL position with the right trigger! As I said before, the first supply zone is between $2203 and $2210, and the next...
A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future...
Hey Everyone, Another piptastic day on the charts today with our chart idea playing out perfectly Yesterday we got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 of which both were hit. We then advised we were looking for support above 2167 for a continuation and retest on the levels above until we see a lock above...
Gold in the 2-day time frame is forming an ascending channel! The upper limit of this channel can be considered around $2250! If gold wants to complete this trend and wants to complete its price action impulse, reaching $2250 is possible! In any case, it should be noted that this analysis is in the 2-day time frame and this analysis will be long-term. 📈🪙
Wolfinance star analysts believe that although the overall performance of the U.S. economic data released last week was strong, supporting the rise of the US dollar and hindering the rise of gold, the Federal Reserve reiterated that it will cut interest rates three times this year, and investors have high expectations for the Federal Reserve to cut interest rates...
Hey Everyone, Yesterday we advised after hitting our final target at 2197 followed with the rejection back into the range will re-activate all the levels again. Once again we saw price find support at 2175 Goldlturn followed with a nice push up into 2181 and 2191 for another round of buying dips with 2197 now left open. We will continue with our plans to buy...
Hey Everyone, Great start to the week with our chart idea off to a flying start!!! We got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 - Both these targets were hit perfectly after the confirmation. We will ow look for support above 2167 for a continuation and retest on the levels above until we see a lock above...