The main tone of the gold market this week is centered on the further development of the situation in the Middle East and the escalation of the conflict between Russia and Ukraine. At the beginning of the week, as Hamas and Israel were tense in the Gaza Strip after the peace talks broke down, Russia deployed non-strategic nuclear weapons, and the price of gold...
hello guys... I believe xauusd or Gold wanna touch the $2267 level but we have two scenarios here: s1: start a downward movement from here. s2: it will hunt the previous high and then start a downward movement. ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer...
Market structure Uptrend 1.There is Bullish Engulfing candle on Fib 0.5 Level 2.After Taking Retracement There is Higher high and higher low In H1 3.There is no Break of structure found in lower time Frame 4.Trend is supporting 20EMA 5.There is Bullish Divergence in Momentum 6.There is Break of RSI Trend line 7.There is Retracement done on RS1 8.MACD line...
For H1 anaylsis 1.there is Bullish Flag In H1 2.Trend is Supporting 20EMA 3.there is No divergence IN H1 4.Take entry after rejection from FIB 0.3 level
gold | xau | xauusd | paxg | paxgusd idea Gold Important Support $2100 Important Resistance $2560
I still focus for bearish. Recounting back after invalidation level broken.But its ok will try to focus for this setup. Im ready for next week. Trade with at your own risk guys.
Golden news: On Friday (May 3), the U.S. Bureau of Labor Statistics reported that the United States only added 175,000 jobs in April, a decrease of nearly 50% from the upwardly revised 315,000 jobs (originally 303,000). The unemployment rate rose to 3.9%, and wages fell to an annual rate of 3.9%. This month’s non-farm payrolls finally recorded weak growth, and...
On Friday (May 4), spot gold closed at $2,301.26 per ounce, down $36.38, or 1.56%, marking the second consecutive week of decline. This week, gold prices fell more than 2% for the second consecutive week, erasing a small amount of losses, but ultimately faced new bearish pressure. The near-term technical outlook suggests bullish momentum will be lost as market...
For gold, we suggest going long near 2320 in early trading. The gold correction is in place. It fell back in early trading and stabilized at 2319. After gold rose strongly, there was no big correction, but a shock and momentum. That is, the market is easy to gain momentum and may continue upward at any time. New high, the current price of gold in early trading is...
No important economic data was released this week, and trading in the gold market was dull. The slight rise in the U.S. dollar in the foreign exchange market limited the upside space for gold, and gold continued to be in a slight consolidation. Since there is no important data released this week, the speeches of a number of Federal Reserve officials will have a...
The chart above explains. Price has now reached a critical area. What had happened so far is within ANTICIPATION. Price is just moving up aggressively - driven by none other than the MARKET MAKER for just one reason. It is not because they love XAU or whatever shit we may have heard from the MSM. Their reason is simple - Liquidity Grab. They are after all the...
In my short-term wave projection for XAUUSD, I anticipate a price reduction driven by an impulsive wave downward.
At the close of trading on May 10th, the spot gold price rose by $15 USD to reach $2,360 USD. At one point during the session, the price reached $2,375 USD. For the entire week, the precious metal saw a 2.5% increase, marking its strongest weekly gain since early April. Gold surged after the May 9th report indicated weakening conditions in the US labor market,...
Hey folks, Brian here. Today, XAUUSD is making a comeback on the track with a recovery since its last touch at $2300 USD, now trading around $2350 USD, marking an increase of nearly 500 pips. On the 1D chart, XAUUSD is regaining bullish momentum after touching the EMA 34 line, signaling long-term growth prospects are still intact.
Gold Update: According to the weekly report from the US Department of Labor, the number of initial unemployment claims in the country has risen to its highest level since August last year. In the week ending on May 4th, the number of initial unemployment claims in the US increased by 20,000 compared to the previous week, surpassing expectations, reaching...
The global gold price continues its upward momentum, with gold rising to $2,360 USD per ounce. As a result, the precious metal sees its strongest increase in five weeks, as investors increasingly believe that the US Federal Reserve will soon loosen monetary policy. Furthermore, optimism rises as recent data suggests a slight cooling off in the US economy. This...
Hello dear traders! Overall, gold experienced significant volatility yesterday with price gains surpassing $2,328 in a wedge pattern continuing the technical uptrend. It is currently trading at a new high of $2,353, marking a 0.2% gain on the day. So what are the reasons and factors driving gold? Speaking of impact factors, we must mention: Gold prices...