Price just made a rebound at the $2200 level and it’s set to drop down. Sellers are exerting pressure at the ATH. And we could expect some shorterm bear trend
In Wednesday's European session, gold prices surged to $2,200, driven by multiple tailwinds that are reshaping the landscape for precious metals investors. The primary catalyst behind this uptick is the prevailing expectations for the Federal Reserve (Fed) to implement interest rate cuts starting from the June meeting. With market sentiment firmly pricing in the...
Hello There!
XAUUSD has the potential to turn bearish below the 2157.90 area, and the closest support is 2147.73. The price follows a bearish ABC pattern from the B-high of 2180, which is also a significant resistant area.
The price has the potential to drop to a low of 2130, provided the price does not go above 2171.11. If it does, then the setup will need to...
If you trade Gold with fix lot, I prepared for you a simple manual how to calculate the best lot size for your XAUUSD trading account.
Step 1
Find at least the last 10 trades that you took on Gold.
Step 2
Measure stop losses of all these trades in pips
Step 3
Find the trade with the biggest stop loss
In our example, the biggest stop loss...
As discussed throughout my yesterday's session commentary: "My position: Even though Gold is Buying back every dip (Technically Gold should decline strongly) and DX on relief rally (coupled with Inflation skyrocketing), environment is far from Gold friendly however Gold ignores all those developments and continues to offer non-stop Bullish action. I have Sold Gold...
As discussed throughout my yesterday's session commentary: "My position: Even though Gold is Buying back every dip (Technically Gold should decline strongly) and DX on relief rally (coupled with Inflation skyrocketing), environment is far from Gold friendly however Gold ignores all those developments and continues to offer non-stop Bullish action. I have Sold Gold...
Gold prices in Asia were flat.
No news about assists yet
The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce.
Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should...
The market fluctuates very quickly. When I prepared my strategy, I only had time to tell my friends who were following me and I haven't published it here yet.
Now, the bulls are on a strong offensive, and the resistance continues to focus on the 2192-2196 range, with strong resistance at 2202. My strategy is very simple, which is to go short near the...
Hi all! To effectively assess the current dynamics of gold prices, you need the following:
- A very significant role will be played by the support line held at least on March 25 and 26. A confident breakout along this line could send quotes down, perhaps to the level of 2150. In the near future, I will carry out a reduction taking into account this line.
- The...
Hello,Friends!
The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2113.739.
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I hope this analyse finds you well. I wanted to bring your attention to the latest developments in the gold market.
Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its...
Gold just took out the buyside liquidity am expecting a minor retest then stability from that zone till 2224 is completed.....
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H4 Analysis:
Bias/Analysis remains unchanged since last analysis dated 22/03/2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the...
