Introduction - So since the move to 2311-2314, I have to "play it by ear" because price is moving faster than my ability to map "an intermediate thesis" that is in sync with price action from here to August. In order to stay relevant and ahead of price action, let's talk less and do better. Details - Continuing from DRAFT 9-3, price chose yellow route to 2291...
As a price action trader, I prioritize simplicity in my trading strategy, focusing on price and timing. Each breakout I pursue must meet specific criteria. Gold has triggered my sell signal, indicating a potential trend change. However, given current geopolitical tensions, I'll exercise extra caution when executing trades. Trading Plan: I'm anticipating a long...
After falling twice in Asia and Europe on the previous trading day, it finally hit a low of 2292 and then stabilized. Then gold prices began to rebound, eventually rising to the $2,333 level, giving bulls temporary breathing space. Despite falling U.S. Treasury yields and a weaker dollar, gold prices failed to sustain gains and ultimately failed to hold...
when wave (1) ends, gold will bounce up again to make wave (2) or make ATH. However, if wave (2) ends, it will find a time to open sell.
Gold extended its downward momentum at the start of Tuesday's Asian trading session, dropping to 2,300, down more than 2% from Monday. The decline seemed somewhat contained due to speculation that major central banks would cut interest rates later this year. From a technical standpoint, this sharp decline has brought gold prices to touch the simple moving...
Gold continues to face downward pressure, dropping below the $2,300 mark near the end of the US trading session on Tuesday. Expectations regarding the Federal Reserve's monetary policy still support the increase in US Treasury bond yields, thereby keeping the US Dollar (USD) at its recent high level. From a technical perspective on the 4-hour chart, we can...
Hello dear friends, what do you anticipate the price of Gold will be today? Yesterday, we witnessed a fluctuation in the gold market, as the price dropped below 2,400 USD near the threshold of 2,310 USD. In the Asian trading session on Tuesday, Gold continued its downward trend below the 2,300 USD mark. This decline is attributed to the easing of tensions in the...
Hello there, Brian here with a glint of today's gold market dynamics! Gold (XAU/USD) found itself under a relentless sell-off siege for the second day running on Tuesday, edging toward its bi-weekly nadir around the $2,300 landmark as the European trading session dawned. Despite a nocturnal offensive on U.S. forces in the Middle East, investors clung to optimism,...
Market review Spot gold on Friday (April 12) opened at $2372.2 / ounce, Asia-Europe trading hours, the US index in the $105 horizontal for several hours, the afternoon pulled up more than 30 points, the index hit a new high within the week. Gold continued its strong momentum, and the price rose directly to the $2,400 area without adjustment. As of now, the gold...
Trading is a trial and error process! In the case of continuous errors, the main problem is the shrinkage of funds and psychological suffering! A trader must reduce the probability of mistakes, because your profit comes from someone else's loss. That is to say, when someone makes a mistake, there will be profits for people to earn in the market, but you can't...
In the recent gold market, the overall uptrend structure has not changed, although the price has retreated after surging above $2,430 / oz. This pullback is seen more as a market correction than a reversal of trend. In the big cycle, the bullish upward pattern of gold is still solid, and it is expected that after the correction, the market will continue to...
On Wednesday (April 17), spot gold maintained a volatile trend, reaching a high of $2394.22 and a low of $2372.61. It was trading at $2,381.69 an ounce, down 0.02%. Gold has regained traction after rebounding from last week's all-time high of $2,431 and once again falling below the psychological level of $2,400 an ounce. Overall gold market sentiment remained...
There have been a series of incidents in the Middle East in recent weeks, including the conflict between Israel and Iran and an attack on Saudi Arabia. These events have raised concerns about geopolitical risks in the market, which has given gold prices a certain boost. However, if these events are mitigated, gold prices could see a pullback. Economic data...
Hello dear friends, what are your thoughts on today's gold prices? Gold has recently experienced a sharp decline, distancing itself from the near $2400 mark to trade around $2311, losing nearly $65 from the same time yesterday. What caused such a significant drop in gold prices? Global Economic News: Ahead of the Federal Reserve's June monetary policy...
Fundamental analysis: Gold futures in New York extended their record rally on Tuesday, buoyed by buying momentum and geopolitical risks. COMEX gold futures rose 0.89 percent to close at $2,372.00 an ounce on Tuesday, after hitting an all-time high of $2,384.50 an ounce earlier in the session and hitting a record high every day since March 28. Investors are...
Analysis of the latest gold market trends: Analysis of gold news: On Tuesday (April 23), spot gold maintained a sharp decline during the day and rebounded sharply during the US trading session. The price of gold is currently around US$2,319 per ounce. Gold prices slipped to their lowest in more than two weeks on Tuesday as concerns over an escalating crisis in...
Hello dear traders! Today, gold prices are fluctuating around 2305 USD after retreating under profit-taking pressure from 2400 USD, marking a decrease of 100 USD since it plunged. Regarding international market information: - The precious metals correction was underpinned by investors remaining optimistic amid hopes that the Iran-Israel conflict will not escalate...
Hello dear traders! Overall, it appears that the market maker has strong sellers emerging in the market and they are building limited resistance areas. The market is not yet ready to break above 2400. It is currently trading at $2300, selling since the beginning of the session, highlighting a 1.14% decline on the day. The price is testing the local low and...