The support line marks the point where demand takes precedence over supply and prices will not decrease below that support line. The reverse holds true for a resistance line. Prices often break through support and resistance lines. A breakthrough a resistance line shows that the buyers have won out over the sellers. Support' and 'resistance' are terms for two...
Gold closed up $16.49, or 0.71%, on Thursday to close at $2,332.30. On April 26, spot gold accelerated its short-term rise, with the price just breaking through $2,345. Gold short-term technical outlook analysis U.S. first-quarter GDP data was lower than expected, causing concern. Gold maintained modest gains. Generally speaking, gold tends to benefit in a...
The golden day line closed high, closed a small Yin K line, two consecutive days this week around 2390-2393 area shorting have gained, high adjustment market, after the second high, failed to close strong, or break high strength, short term is to convert downward, the weekly line is as expected to touch the high line and then pressure. Gold is currently under...
Gold continues to be short this week, all new highs are profitable, the profit reaches 200K, congratulations friends 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!
Gold has experienced a significant sell-off in recent trading sessions, driven by a stronger US dollar, rising bond yields, and inflation concerns. This has created a challenging trading environment for day traders in XAU/USD. While some may see this as a buying opportunity, caution is advised as selling pressure could continue. Traders should do their own...
Today, gold fluctuated and recovered after testing near the 2319 position. It hit near the 2344 position and then stagnated again. Gold is currently trading near the 2335 position. At present, we can see that gold as a whole is weakly fluctuating in the 2345-2315 area. What I have given you today is the gold short trading strategy and signals, short gold in the...
XAU-USD making a bearish flag, we can see some fall in XAU price in upcomming days if we put buy stop order at 2291 we can make some good profits. brfore taking this trade follow proper risk management strategy and always DYOR.
The price is currently hovering at the daily SBR area with a break of structure happening on H4. Try to short this with SL on the current previous high & target the nearest daily support. Trade safe!
Just wanted you guys to hear my voice this is just a visual to my most recent idea
XAUUSD Forecast: Two Predictions In Play 1. A CHANCE AT DROPPING. Strategy: Weekly candle closed with a solid bearish candle. I am predicting a selling structure as the market respects the H4 resistance & the Daily QM selling structure. Action: Selling structure until we analyse a reversal within the market. Sell until the earth’s core! Unless Elon...
Hi Everyone, hi everyone. we can expect GOLD will trade sideways but still under bearish control i think this week will be closed between 2327 -2340 if the CORE PCE INDEX not far away from forecast. but you need also watch the 2368 - 2372 . closed above that i think the trend is changing to sideway between 2390 - 2305 for longer time. closed below 2305 beware of...
as price action and retest S\R WREKS zone we could see negative move to closing weekly
Hello here some idea For Gold on Daily Basis, I trade as 1Hour as the main candle movement and entry at 15M candle. Strong High Pop Volume on US Season Yesterday mean there is buyers interesting on buying gold again. Im Waiting for pullback on asia seasn on low Pop Volume and before london season open i started entry for long entry and assume will take profit on...
Gold has retraced from its max value of 2431.590. Currently it is at key trendline level on daily. But we see no signs of bearish trend slowing down. Hence, price may fall further. Bearish continuation pattern has been formed and on break of its pole end, price will continue bearish, which gives us a good opportunity to sell.
Hey there on 1htF the Gold has moved upside earlier when the Powell speech and also there is another next support area which of the 1htF has breaks manipulation and go upside so in fomc news release and first went downside 2295.50 and then return from these area and now continue rise upside we can looking for another opportunity to drop again of these areas can be...
Hello friends In the price of gold, we see the formation of a 5-wave bearish pattern. This pattern usually appears in zigzag form and their waveform is 5-3-5. Currently forming wave A, which is 5 waves. Wave B corrects wave A in the form of 3 border waves and usually 61.8. C wave is also (like A wave) 5 waves and is about 100 or 161.8% of A wave. Therefore, we...
Hello * Expanding flat formed * C wave of corrective structure in play * MACD divergence Entry: 2343 Stop loss: 2370 Take Profit 2319
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line RSI - Divergence Fibonacci Level - 61.80% Impulse Correction