The Channel chart pattern is a continuation pattern which is formed by the combination of two lines. These two lines are parallel to each other and they resemble a channel when drawn on the price chart. The upper line of the channel acts as the resistance line whereas the lower line acts as the support line. When the direction of a channel is upward then it is...
Here is a quick guide on how I have my FIB RETRACEMENT TOOL set up with Retracement & Extension levels.
Supply zone for short 2336, next supply zone: 2346, stop loss: 2356, target: 2285
Gold is beginning to trend downward as the dollar shows a slight uptick in strength at the outset of the EUR/LON session. While the dollar index remains within the range of 105 to 106, a breakthrough above 106.100 or 106.200 could signal further gains for the USD in the upcoming wave. However, it's worth noting that we've been witnessing high timeframe...
End of day update from us here at KOG: Further to yesterdays KOG Report, no longs as planned. Before open last night, we identified a move to the downside, price didn't give the pinpoint entry we wanted but moved nicely into the levels we wanted giving us the break of 2370-75 as planned on the report, bias levels hit and complete for now! So, what now? We're...
Dear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is oversold at the level Bull Robbers/Traders gain the strength. Be safe and be careful and Be rich. Loot and escape near the target...
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...
Gold has been weakly short since the opening, testing the 2336 hourly line and unilaterally going short, with no obvious signs of rebound midway. The long orders at 2335 in the morning have been stopped and left at the 2331 position, the bottom of the small structure. There are signs of heavy pressure in the current 2335/36 area on the market. The European...
The price of gold fell nearly $50 on Tuesday, reaching a new low of 2285, as the Federal Reserve decision will be ushered in on Wednesday, and the market expects that the wording may be hawkish. The dollar and U.S. Treasury yields rose, which significantly suppressed the price of gold; despite strong safe-haven demand and central bank buying Gold prices continued...
"In the XAU/USD chart, a rising wedge or a bearish flag formation appears to be developing, indicating a strong selling opportunity. To refine the entry for this trade, consider using the 2-hour and 1-hour timeframes. The entry price is set at 2319 with a stop loss at 2329, and the target for this bearish setup is potentially down to 2266."
Gold reacts to the specified range and the possibility of falling is likely
The first ascending channel is well broken, in the continuation of the formation of the flag pattern, which will probably break down our target, the end of the initial ascending channel.
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
#GOLD.. market exact moved as per our video analysis, as we discussed in video that 2312 is the area for downside, but market didnot closed below that, and bounced back, well now we have upside range top around 2334 with 2329 as per pattern, keep close it. upside above 2333 selling will be invalidate. good luck trade wisely
Pair : XAUUSD ( Gold / U.S Dollar ) Description : S / R Level Completed " 12 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame
Market attention turns to the Federal Reserve's monetary policy decision on May 1 and upcoming nonfarm payrolls data. Data released last week showed US gross domestic product fell short of target, while the core personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, stagnated at growth of 2.8% year-on-year for the second...
Gold has broken the previous trendline channel (blue channel) and is now retracing back to the trendline channel. We expect the price to go down after the retracement is complete. But where will the price stop and start to reverse? We think that the pattern will form a Quasimodo pattern, where the price will hover around 2330-2337 before dropping to the minimum...