Affected by the geopolitical situation, gold has rebounded, but we still insist that gold only rebounds rather than reverses. Therefore, Sell can continue after rebounding near 2325. Gold's 1-hour moving average continues to cross downwards in a short position, and there is no sign of a turning point. Gold's rebound is limited, and it has not truly stood above...
Xauusd continues to make a slated pull-back after making its liquidity sweep above 2337.... now on the verge of takin out the next poi at 2348 .... sit tight fellaz and anticipate the moves ,comment and follow for more THANKS
A technical sell position as price is below the exponential moving averages both on 4 and 1 hour time-frame. However we must keep ourselves abreast with the geo-political tensions in the Middle-East. With advance GDP release on 25/04/2024 may bring strength to the dollar. Summary Entry = Current Price (2317.90) Target = 2250.00 Plan the Trade, Trade the...
Hi folks, it's my opinion on GOLD, as you can see price go thought breaking block , then pullback , and shows signals for lower prices in lower time frame. So I anticipate it's a good time with low risk for short position.
In the Tuesday trading session in the U.S., Gold slipped as it dropped to the crucial support level of 2,300 USD, but quickly found stability thereafter. The recovery of gold prices coincided with the weakening of the U.S. dollar after the PMI data for the United States was announced weaker than expected. From a technical standpoint, looking at the chart, gold is...
We have seen a huge sell off on Gold since yesterday😍 Price is very close to our 'selling confirmation' price zone.
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...
XAUUSD is rising toward the pivot point and could potentially fall to a support level that is close to the 161.8 Fibonacci extension Alternatively, if price breaks above the pivot, it could continue to rise to the pullback resistance level Pivot: 2320 Support: 2266 Resistance: 2363 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
Hello dear traders! In general, XAUUSD continues to maintain at the historical peak. Although it closed at the weekend around 2,392 USD/ounce, down from the peak of over 2,400 USD/ounce set yesterday, world gold prices are still around the highest level in history. The need to buy gold to shelter capital in the context of the tense conflict between Iran and...
Gold prices have recovered slightly during today's Asian session and are currently trading around the $2,330 resistance level. Gold prices have now recovered after falling sharply following last night's US GDP data and the precious metal is currently trading around $2,330. Although gold's upward momentum has weakened when the RSI indicator on the daily chart...
Gold technical analysis Daily resistance is 2361, support below is 2320 Four-hour resistance is 2361-69, square support is 2334-25 Gold operation suggestions: Judging from the current trend, the short-term support below will focus on 2334-25, the important support will continue to focus on around 2319, and the pressure on the top will focus on the 2361-69 area....
The market has been trending up, we saw a retracement earlier this week. My bias is still long
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...
Hello fellow traders, Today our focus is on GOLD. After the downfall of the GOLD in the beginning of the week, we now can see a small upward correction. That correction is about to end today, as we are seeing a strong signal based on my Alligator SECRET strategy. Currently we are in the selling zone according to the strategy. The price finds resistance on the...
Hey folks, should we be buying or selling gold today? Right now, gold is stable around $2,323 per ounce, maintaining its downtrend despite easing tensions in the Middle East and profit-taking among investors. According to technical analysis, the recent dip seems to be just a minor correction in a bigger bullish trend, given gold's substantial 22% rise over the...
Gold has played out 100 % accurate as per our previous set up We do see a double top formation with a break of neckline a valid short entry would be a retest of the neckline zone
As expected, no breakthrough occurred last week while gold was moving sideways around 2380. The market reacted to news regarding Iran & Israel last week; however, the reaction has been diminishing since Iran's first retaliation. When Israel responded to Iran's attack during Friday's Asian session, the gold price failed to reach beyond 2420 and quickly resumed its...