Technical analysis of gold Last Friday, gold extended its rally to a new high as the US NFP report, despite a disappointing headline number, again showed some under-the-table weakness. Indeed, the unemployment rate jumped to the highest level in two years, and the household survey showed job losses for the third month in a row. In addition, average hourly...
What a trade - Easy TP. All live and in front of ur eyes....
Gold long situation: - 32.8 zone of fib zone - Buying pressure myfxbook correlation - Gold failing to break lows
From the daily timeframe we see that price has been bullish for the past 2 weeks and has now found resistance at $2195-$2185. This area will push price down to the support level seen at $2170-$2160.
Hello traders! Last week was a bit of a pullback week, so a lot of pairs now in the orange label. Nothing green yet, it's either purple, orange or red. You'll find in this video a lot of potentials for the next week, and a great result on Gold Good luck everybody! And happy trading! :)
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Here is the market outlook on Gold (XAUUSD) for next week. It is a clear projection of what is mostly likely to happen on gold in five days of the coming week. In monthly timeframe price has managed to strongly break above the resistance where price was rejected several times in the past. Mostly expect to see price retesting the broken level either this month or...
We might see some pullback in gold and one more high is anticipated for the 5th of A or 1. 2024 is the year of gold.
Gold surged on Friday, reaching its highest level since early January, surpassing 2,080 as the 10−year US Treasury bond yield dropped by approximately 1.52% following the release of mixed economic data. S&P Global's report indicated an expanding US economy, while the Institute for Supply Management (ISM) highlighted a contraction in manufacturing activity,...
Targeting a daily gain of 50-100 pips by strategically trading in alignment with the trend.
The correction of wave 4 is willing to be revealed. Though there are certain Invalidation level, Below 0.5 Fibo retracement is less likely to be wave 4. When analyzing wave corrections, Fibonacci retracement levels are commonly used to identify potential support or resistance levels. The 0.5 Fibonacci retracement level is often considered a critical point, as...
Yes - This way of seeing price action works on any time frame and in any market - Why? - Because it's using basic understanding of how the market works and utilizing these channels as a way to see the strength of buyers and sellers at any given price. In a way, it's a third eye (Price, Volume, Strength). Utilizing this alongside any indicators you'd like to add...
Dear wolfy traders : I explained everything than was necessery in video so if you have any idea or question please share with us in comments
Daily/4h time frames analysis for Gold. Potential scenarios ahead of Powell Testimony. Key levels, price action analysis. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
short? PULL BACK is so close. Final 5th wave of 3rd might be still pending, still not sure about the move. if not the final 5th of the 3rd. we can see some consolidation for the 4th wave.
In this bearish example, we see that the price opened at the close of the previous Daily candle. Price normal mitigates/manipulates into a point of interest created in the previous day. Price will then move down as we are bearish.
We might see some consolidation of wave four and then one final wave for the correction.
Welcome back! Let me know your thoughts in the comments! ** GOLD - 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...