hello Trade,
Thoughts on the latest developments
Spot gold prices experienced considerable volatility last week. Following the release of some data, the price briefly stalled at $2,034, then fell to $2,016 (near the MA100 moving average), but soon climbed back above $2,034. By Friday's close, the price was near $2,040, showing a fluctuating washout at the lower...
Gold technical analysis XAUUSD / Gold
Gold has rallied steadily of late as the market discounted most expected rate cuts and converged on the Federal Reserve's forecast of three rate cuts this year. We are now in balance, so the next few weeks of data will be very important for market direction. Hot economic data may even prompt the market to price in the rest of...
Hello friends . As you can see in the chart, the price is in an upward channel. We expect a rise and have a buy position. Our entry point may change depending on live market conditions, but the 2022 range is important
The US Dollar registered its first weekly decline for 2024, which, along with increasing demand for traditional safe-haven assets, lifted the Gold price to over a two-week high on Friday.
The growing conviction that the Federal Reserve will wait until the June policy meeting before cutting interest rates keeps a lid on any further appreciating move for the...
The Minutes from the latest FOMC meeting has been published during the previous week, not exposing much of the data which the market has not already priced. The only issue was related to the statements of several Fed officials that the vote for a first rate cut might be postponed until they see clearly that the inflation is going toward the 2% target. This...
#GOLD.. first of all congratulations to all who follow my idea,
market very well hold your area 2015 and bounced back.
now market at his upside breakout area that is 2042
keep close this area because its market swing level actually, if market hold it, in that case you can see again drop below that level,
if not then upside areas are mentioned on chart..
dont...
Hello friends
Unfortunately, I can't upload a video for you since yesterday
I will post it as a picture
We are currently moving in an upward channel, in the upward path we have many important resistances that have been drawn and the price can have corrections from these areas. Weakness can be seen in the upward direction, and also the data is in favor of the...
Greetings to all dear colleagues, let's delve into and strategize for XAUUSD this week together!
As the trading session kicks off, gold is showing remarkable stability, priced around $2033, virtually unchanged from its last closing figure of $2035.
Looking into the forecast:
From a technical analysis standpoint: The Bollinger Bands are highlighting two...
Higher timeframe outlook for gold
most likely scenario now is short period of back and forth, or a bit deeper pullback, in both cases followed by new bullish continuation. Look at LTF for further confirmation
simple trading - Triangle
Gold has made a retest back to the triangle. With a strong dollar let's see if gold can hold above 2040. Watch the bearish channel.
