Today’s gold trading situation is as follows: 1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696 2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228 3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769 Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have once again continued our...
After today's opening, gold suffered two smashes again, falling below the 2318 support and even falling below 2300, a drop of nearly a hundred points. Since the fall from the high of 2417, gold prices have been under pressure and the decline has further expanded. On the daily chart, the price of gold first shot up to around US$2,431, and then fell back to nearly...
Gold is currently in an ending diagonal which breaks down into 5 waves with 3 waves each. It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level. For those that are interested in entering, watch for any sort of pullback and enter with stops above the...
Hello dear friends! XAUUSD continues its corrective trend. Previously, I warned about the approaching decline. Gold is shedding buyers and appears to be heading towards finding a medium-term bottom. From a technical perspective: The first point of resistance is seen at the previous day's high of $2,334, above which the psychological level of $2,350 will be...
Colleagues, there is a high probability that price will continue its upward movement to complete wave "5". I expect the completion of wave "4" in the area of 2321.827, then I expect an upward movement to the resistance area of 2430.961. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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,...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
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...
Here is the daily projection for gold. Expect price to continue rising towards our long term upside target. More updates coming!
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
The current gold 30m chart indicator shows signs of weakness, but the 2h chart currently has the advantage for bulls. Continue to pay attention to the resistance near 2392. If it cannot break through, the backtest support near 2383-2377 has a high probability. If it breaks through, the upper 2404-2416 range will be the short-term top. Friends who hold short...
World gold prices went down as the market gradually reduced expectations that the US would cut interest rates. On the other hand, the need for safe haven capital in precious metals is also gradually decreasing as the Iran-Israel conflict has calmed down. Geopolitical uncertainty continues to support gold and any escalation would push prices towards 2,500 XAU will...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2376, which is an overlap resistance. Our take profit will be at 2359, an overlap support level. The stop loss will be placed at 2397, a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not...
Yesterday's gold market trend was highly consistent with our expectations. We emphasize the changes in the rhythm of long and short, and believe that there is the possibility of an increase after the decline. According to the current trend, gold may remain volatile and strong today and may continue to rise. Although the market has changed significantly recently, I...
GOLD TRADING SCENARIO ON April 18, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2358, then Buy Gold immediately. TP hopes to reach 2373, which is further than 2389, but there is a condition that requires at 5:00 p.m. Gold closes above 2375, and vice versa. Gold closes below 2375, then exit Buy and move. Sell direction to 2358. Sell...
is a counter trend trade, risk 0.5%. risk small ond beat overtrading , thanks
Gold price analysis: Current short-term trend: Up. News: Good news for gold Technical Indicators: MA shows bullish trend Short term pattern: triangle consolidation Breakthrough direction: Up Support: 2366-2262 Pressure: 2397-2404 In the short term, low buying is still the main trend! The above gold prices are based on the real-time prices on...