Gold now in a bullish wedge correction, will gold's price rise towards resistance 1 (R1) and then pullback or to R2 at NFP reports later today. Alternatively, the price of the metal could dip towards the lower channel of the bullish wedge immediately after the NFP news. N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely...
During the Asian session on Tuesday, spot gold fluctuated widely. The price of gold barely held the 2330 mark on Monday, helped by the weakening of the US dollar, but was still under pressure below the 21-day moving average of 2340. The market focus turned to the Federal Reserve policy meeting and the US non-farm payrolls to be released this week. data for clues...
daily just hit a breaker block that might be the ticket to 2250 which is for me the real bouncing zone.
Last week, the market had access to a plethora of US economic data, including the FOMC interest rate decisions, non-farm payroll reports, and service sector production data. These reports all indicated that the Fed would maintain the current USD interest rates. The reduced expectations for a rate cut in June meant that gold had to continue its adjustment...
Will the Gold break up or continue consolidate Gold reaches a resistance zone.
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Looking for a continuation push down to 2265 area. NFP push was solid, but looks like gold found its direction. Anything about 2297 is a no go for me thats why SL is placed there
Trend is downward.Market Rejected by the 50 EMA . SR SL TP are given here.Result will be published soon.
I see a W structure with double top at 2327-2320 levels with strong resistance at 2330 to push gold down to 2310-2305 levels Gold sell 2327-2320 Safe sell 2335-2327 Tp levels on the chart Happy trading
XAUUSD is currently exhibiting a neutral stance on the 1-hour timeframe, trading between support at 2238 and resistance at 2335. The price action suggests a consolidation phase, indicating indecision in market sentiment. Traders should monitor for potential breakout scenarios while considering key technical indicators for confirmation, exercising patience and...
👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Long setup in XAUUSD for scalping, Please refer to the details Stop loss, Demand Zone(Buy Zone), TP 1 and TP2 for take profit. For more ideas, you are welcome to visit our profile in tradingview. If the price had hit the TP2 when you see this idea, please wait for next idea. Have a good...
The price perfectly fulfilled my last idea. It played out nicely and hit the target. OANDA:XAUUSD is pulling back towards the resistance zone after breaking the strong level at 2300. The market is forming a bearish flag formation, as I mentioned in my weekly forecast. Today we have high-impact news, so I think it might continue moving downward if DXY moves...
2189$ can be the next target? before uptrend to 24k, 25k , 26k. The sharp V-shaped irrationally lead the sudden rise and then creating a quick inverse V-Shaped and rise in the bullish trend to complete the bullish retracement in the aftermath. A V-shaped mostly occurs in the Bullish trend and then show reversal trend, However this may create a strong bearish...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
Gold price rallied close to 1% on Monday, late in the North American session, bolstered by an improvement in risk appetite due to increased bets that the US Federal Reserve (Fed) might begin to ease policy sooner than foreseen. This follows last Friday’s Nonfarm Payrolls (NFP) report, which showed the economy continues to create jobs but at a slower pace. The...
In todays trading , Price currently trade at $2325.00 level. Price May breakout from that zone for more bullish price continuation . A buy opportunity is envisaged from the current market price. Target is $2352.00
Last week, the sector gold fee withinside the first consultation of the week traded at 2,335 USD/ounce. In the subsequent sessions, gold expenses couldn't keep the mark above 2,340 USD and started to decline, achieving the bottom stage of the week under 2,283 USD. World gold fee multiplied once more above 2,325 USD/ounce after the Federal Reserve (Fed) introduced...