🏃♂️ Gold is moving in the 🟢 Support zone($2,327-$2,302) 🟢 and managed to break the Uptrend line and the Support line yesterday. 🌊According to Elliott's wave theory , Gold seems to be completing wave 4. 🔔I expect wave 4 to finish near the Resistance lines and 🟡 Price Reversal Zone(PRZ) 🟡, and Gold will start to decline again and break the 🟢...
hello guys! I believe xauusd is still bullish and every correction is an opportunity for us to get more long positions! so the blue area and the bottom line of the channel are two potential areas to getting the long position! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I...
Gold has been falling all the way today, directly falling below the previous low of 2354, so the decline of gold will continue, and gold is ready to rebound to around 2347 Sell! Gold’s 4-hour double top structure is a bearish pattern. The bulls are helpless after being tossed around today. This is also the biggest change in the gold market recently. The shorting...
Gold price lacks any firm intraday direction and is influenced by a combination of diverging forces. The weaker US GDP print and a rise in US inflation benefit the metal amid subdued USD demand. Hawkish Fed expectations cap the upside as traders await the release of the US PCE Price Index. Generally speaking, Gold tends to benefit against the USD in a...
Gold has rebounded to around 2332 in the short-term. Many people are definitely afraid that gold will continue to rise to a higher level again. Maybe many people are even chasing gold above 2330. In fact, as emphasized in the first two articles, gold has now fallen below the upward trend, and the short trend is now very strong. The short position is far from over,...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded near $2030 support level, which coincided with support area and even declined below. But later XAU turned around and in a short time rose higher $2030 level, breaking it, and continued to grow in rising channel. In channel, price...
The price spiked up from the support level. OANDA:XAUUSD made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I expect a...
Hello all dear traders! Overall, as expected, the gold market quickly retreated from the $2,400 level, losing a loss of $65 in just one day. It can be seen that gold today touched the 2300 USD mark but it quickly bought back the decrease, recovering 10 USD in this period. It is currently trading at $2310. So what are the reasons and factors that cause gold...
GOLD: The bearish pattern is confirmed again A few days ago I warned of an "Ascending Wedge Pattern" in GOLD, which signaled the end of the bullish wave. We all know that gold is manipulated, but given that the price failed to rise further despite the new conflict between Iran and Israel, this was raising the chances of a bigger bearish correction. We should...
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 17 - 2024 ECONOMIC COMMENTARY This week, international gold prices continued to increase beyond the threshold of 2,400 USD/oz to 2,417 USD/oz, but then gradually decreased and closed at 2,390 USD/oz. Gold prices rose again to exceed 2,400 USD/oz on April 19 due to an attack believed to be by Israel...
Welcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
We are now in last phase of 1 bullish wave , next week we shall see new All time highs in Gold , before and pullback , this will be different guys more aggressive in Gold , Tp available in chart , many reasons to this rise escalation between countries etc …
Gold failed to break through new highs again. Although there was a short-term rebound, the amplitude was very small. The short-term decline has become a trend. Then we will follow the trend according to the market, short on rallies, and achieve stable profits. We hope this can Help you.
The Channel chart pattern is a continuation pattern which is formed by the combination of two lines. These two lines are parallel to each other and they resemble a channel when drawn on the price chart. The upper line of the channel acts as the resistance line whereas the lower line acts as the support line. When the direction of a channel is upward then it is...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
In the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate...
XAUUSD Forecast: Two Predictions In Play 1. SELL FOCUS Strategy: Daily closed with bearish momentum candle.. we will be selling within the H4 selling breakout zone, H1 swap zone (SBR). & lower time-frame selling continuation. Action: Sell until it goes down and creates a buying structure within the Daily & H4 support. 2. TO THE MOON! Strategy: As...
Gold rebounded to above 2340 in the short term, which looks very strong. However, from the perspective of the entire rebound process, although gold has continued to consolidate the bottom during the rising shock, it has provided solid support for gold's rise. However, judging from the overall rebound strength, gold is currently not enough to form a reversal trend....