January as a month was a bag of choppy price action (maybe long term consolidaton, who knows) as it traded within the range of December high and low. Same being the case with DXY, only difference DXY showcased aggressive behaviour to trade higher, after it found support on 100.6. Beginning Feb, DXY has taken out liquidity from January and December Highs. Factors...
XAUUSD Forecast: Single Prediction In Play 1. BUYING CONTINUATION. Strategy: Current price had collected the H4 swap zone (RBS), H1 support, & also the M30 buying breakout zone. Action: Buying continuation depending on confirmation within this H4 swap zone. We will buy until the Daily & H4 resistance. BUY - SELL! Be Ready: Miracles, the zone is...
Gold is formed triangle pattern in 15 min chart giving no clear direction Now it's trending in no thread zone hight possiblly of stoploss hunting market on both side Can be taken a long and short with proper break out of triangle pattern with conform retest Just mark the leval and tread safe
Gold prices are poised for a technical bullish rally on the daily timeframe, supported by Elliott Wave analysis indicating a 12345 pattern. This follows a 50% retracement and completion of the fourth wave, accompanied by bullish price action. Furthermore, bullish fundamentals are reinforced by escalating geopolitical tensions, such as Iran's retaliatory drone...
The price of gold continues to rise due to political tensions in the Middle East. This raises expectations that the Federal Reserve (Fed) will cut interest rates in the near future. Lower interest rates can make currency depreciate, making risk-free assets like gold more attractive. On the 4-hour chart, the price of gold is stable above the Simple Moving Averages...
Hello all dear friends! Overall, gold experienced a significant price increase yesterday surpassing the $2,355 level. It is currently trading at a new high of $2,388 at the time of writing, experiencing significant gains of tens of dollars on the day. Do you wonder why gold increased so strongly? Regarding international market information: In the context of...
XAUUSD has reacted off the pivot that lines up with the 78.6% Fibonacci projection and the 161.8% Fibonacci extension and could fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level which is lines up with the 100% Fibonacci projection Pivot: 2394 Support: 2365 Resistance: 2417 Risk...
as due to political tensions rising it is safe to buy from valid support areas ,,,, so havig one bias only
XAUUSD has reacted off the pivot that aligns with the 38.2% Fibonacci retracement and could fall to a multi-siwng low support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2362.84 Support: 2326.19 Resistance:2404 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
A stronger US dollar and fewer worries about inflation caused gold to retreat after hitting a record of 2431. Market volatility is caused by geopolitical tensions between Iran and Israel, which initially increases demand for safe havens. Fed officials' remarks that strengthen the US dollar work against the price of gold. Fed rate cut bets and bullish USD seem to...
XAUUSD LONG ONCE AGAIN TOWARDS 2400 Currently shaping smaller triangle inside a big triangle which is expected to break from 2360 & move for another 400 pips to touch 2400 & then after breaking the bigger triangle Gold will fly once again towards 2480-85 in sha Allah
Hey everyone! Quick update: Gold was on a wild ride yesterday, dropping to $2,330 and then surging up to $2,392, netting a cool $62 gain in no time. That’s some solid proof that gold's still got its mojo despite all the market madness. With U.S. inflation heating up, it looks like the Fed might hold off on any big monetary moves, which only strengthens gold’s...
Gold prices (XAU/USD) are riding the wave of a recent breakout, scaling towards the $2,400 mark, a potential new all-time high, during early European trading on Friday. Technically speaking, the strong positive momentum continues unabated, despite the Relative Strength Index (RSI) being extremely overbought on the daily chart. However, bulls might consider taking...
Gold is so crazy today, it has not seen such violent fluctuations in a long time. Due to the sudden war news, it quickly broke through 2400. After reaching around 2430, it started a plummeting mode, with a drop of nearly $100. Maybe it's a coincidence, but we can't rule out that this is controlled by funds. Bulls are creating shipping opportunities....
Market Analysis PT1/2 (15th April 2024) XAUUSD Analysis On the 15 minute Timeframe, Price broke above the 15 minute lower High, creating a Change of Character. To Confirm a bullish Bias, i would want to see another Bullish BOS to continue buying gold all the way to the ATH. However, if price fails to do so and ends up breaking the 4 hour Bullish OB, then...
World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce. The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that...
For Gold last Friday was a difficult day, information sources allowed Gold to increase sharply to 2431. Information about the Middle East war, raised concerns about a possible third war and Updated data from forexfactory took Fomo investors from 2397 to 2431, but then dropped very sharply. It was truly a phase that gave Ae Seller a heart attack. Comments for this...