Price is rising towards the overlap resistance zone which also aligns perfectly with the 61.8% Fibonacci projection and the 38.2% Fibonacci retracement. Since we're in a bearish trend, a rejection from this level could lead the price to drop lower to the 1st support level which is also a pullback support.
The Doji appeared on Feb14.2024 at daily chart. It might be continued to push up. Due to wide consolidation, it's still considered range not trend. The risk must be in mind. It's myself advice.Thanks
xauusd sell for short time 1994 #xauusd sell for short time 1994
Amidst the revision of the Consumer Price Index (CPI) numbers to accommodate new seasonal adjustment factors, the XAU/USD faced bearish pressure, culminating in a 0.50% dip, closing the week around the $2,025 area. This development has heightened focus on the upcoming Consumer Price Index (CPI) figures from January, as market participants seek insights for...
xauusd should go up due to pivot at 2001 and a upsiide hopefully too 2020
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.
gold seems to be going down too target is 1981 , reason could be nfp results and supper supply as time goes i will see whats actually going on
Gold review and analysis expalined in the video. Missed buy and outlook for today.
Tuesday was the 8:30am news release that sent shockwaves to short term scalpers as the bottom fell out @ 2011.50. What's surprising is, the amount of 'high-impact' news that was released was less than Thursday 15th but yet, the market was able to move more violently. What this shows is, it docent matter if a day is packed with news, it does not confirm 100% high...
Gold (XAU/USD) ) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 1988.60 which is a pullback support. Stop loss is at 1982.00 which is a level that lies underneath a swing-low support. Take profit is at 2005.86 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement...
Technical analysis of gold Gold broke key support after hot US CPI release. What is the next move? Gold sold off on Tuesday following a hot U.S. CPI report as it boosted real yields and led to a sharp rally in the U.S. dollar. The market continues to reduce interest rate cut expectations as economic data continues to surprise and bullish. In the bigger picture,...
Price rejected of a daily and broke structure. Back at a resistance level, possible sell explained in the video. Risk management very important
Hey Traders, In this video we discuss the impact the most recent data releases had on the market and how we can go about leveraging that information. Some of the points we touch on is: On Wednesday the ECB vice-president stated that although it appears the Euro zone inflation is heading back to 2%. The ECB needs some time and data to confirm if record-high...
gold trading tips are therefore: Consider whether the markets are in “risk on” or “risk off” mode; Look at the likely performance of the US Dollar as well as the gold price ...
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.
price rejected from the daily resistance, causing a break in structure on the 4hr.. Possible sell analysis explained in the video.
Unlike all the other asset pairs I analyse on a daily basis, COMEX:GC1! FX_IDC:XAUUSD OANDA:XAGUSD COMEX:SI1! can sometimes so it's own thing in comparison to the uniform correlation that TVC:DXY & FX:EURUSD FX:GBPUSD have and CME_MINI:ES1! CME_MINI:NQ1! $CBOT_MINI:YM1!. For that reason, I hold more weight over the longer term timeframes such as...
Hey Traders, The recent harsh push to all time highs came about as we saw renewed global tensions, which are becoming ubiquitous in current times. Rash fear buying came about and prices rose above previous highs. This is why I mentioned so many times last week to DROP YOUR SIZE. Highs can be broken. Although they are areas in which can note short entries, you...