📊Due to the reduction of the upward movement momentum of the price, in case of the failure of the downward movement trend of the price and stabilization of the price below the range of 2315 units, the price may fall to the range of 2275 units🎯 and in case of the strength of the range of 2220 units🎯🎯. 📊Otherwise, the price may increase up to the range of 2385 units.
Spot gold prices were mixed on Monday, trading around $2,335, driven by a weaker U.S. dollar. Traders await key data from this week's U.S. Federal Reserve meeting and upcoming U.S. economic data, with market expectations tilting toward interest rates holding steady, but any hawkish stance or hints of delaying a rate cut could push the dollar higher. In the short...
In the Asian market on Thursday, gold fluctuated within a narrow range and is currently trading at 2320, holding on to most of the overnight gains. After the Federal Reserve kept interest rates unchanged for the sixth time and announced that it would slow down the pace of balance sheet reduction, the price of gold rose sharply above the 2300 milestone and once...
The Fed's interest rate decision will be held on Wednesday. The market expects that the wording may be hawkish. The rise in the US dollar and US Treasury yields has significantly suppressed gold prices; despite strong safe-haven demand and central bank buying, gold prices have risen for the third consecutive month. It rose 2.8% in April to a record high of...
After the recent continuous fluctuations in the gold trend, the short-term bulls finally broke through the defense, and the price broke through 2323 and then started a unilateral decline! The lowest level reached 2284. From the daily line of gold, it fell to around 2291 at the beginning of last week and then rebounded. Then it rebounded to the highest level of...
Gold has little fluctuation during the day. Gold will make a big debut tonight on small non-agricultural issues and the Fed's interest rate decision. Gold seems to be waiting for the arrival of data. Gold's current weak pattern has not changed. It still rebounds and continues to be short. The data fluctuates slightly at night. , the U.S. market and other...
Gold is expected to rebound from Friday's downward trend and continue its bull run, possibly reaching $2600 per ounce when the New York session opens on Monday. Investors may seek to withdraw funds from the market, but potential reversals could offer opportunities to collect more liquidity. Tensions in the Middle East, particularly between Iran and Israel, could...
OANDA:XAUUSD spot faced strong selling pressure and fell to a one-week low ahead of the Federal Reserve meeting. The Conference Board's consumer confidence index fell for the third straight month in April, falling to 97.0 from a downwardly revised 103.1 in March. Pessimism prevails ahead of the Federal Reserve's monetary policy announcement scheduled for...
OANDA:XAUUSD - Price is currently rebounding after dropping to 2291 that area attracted majority of the buyers including retail and institutional. Which helped buyers to puss the price towards 2333$ where we saw strong bearish present and took the price back down towards 2304$. Price consolidated for few hours, gather ample amount for big players to take out...
Gold retreated over $100 from its all-time highs established earlier this month. Interestingly, this move down follows a pullback of similar magnitude in the U.S. stock market, which we have repeatedly referred to as a threat to gold’s spectacular performance; one minor detail to point out here is that this time around, gold seems to be falling in reaction to what...
TVC:GOLD Buy arund 2300-2299 zone SL: 2096 TP: 2310-2320
Here is our detailed technical review for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2323.122. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2266.939 level. P.S We...
On the 4 hours timeframe Gold has made a bearish flag making it very suitable for a sell trade. No Divergence till now and will be taking trades according to the books. Entry on the poll. My Trade: Entry:2291.46 Stop loss:2358.20 Take profit 1:2227.82 Take profit 2:2164.18
Yesterday, I was prompted to short gold near 2325. I made a huge profit today and will continue to provide accurate signals in the future. All my current transactions maintain 100% accuracy. If your account is still losing money, you can follow my signal trading and I will help your account make profits quickly!
Falling wedge pattern forms in an overall bullish trend. As we can see on H4 chart of the Gold Usd pair, We have a classic falling wedge forming. Breakout of this falling wedge will push gold prices higher with initial targets of 2340 - 2375 and final target of the psychological level 2400. Confirmation of the targets will come after an H4 close and retest of...
Gold recently broke its previous trendline channel and is now retracing back towards it. We anticipate a subsequent downtrend once the retracement concludes. Our analysis suggests that the price might form a Quasimodo pattern, with a potential consolidation around the 2330-2337 range before declining towards the minimum target level of 2282.
Let's take a look at the technical anylasis for XAUUSD shared a chart for the reference
The market plunged to a key level at 2300. OANDA:XAUUSD is testing the previous week's low. XAUUSD has reached the buy zone, as I mentioned in my weekly outlook. On the weekly timeframe, the price went below the last 2 weeks low. We should pay attention to how the day closes today. I think the market might form a small-range zone and then break through it...