- This is what I'm expecting in the bigger picture. - This move can pull the price of gold to 2500-2520 roughly.
Gold prices today jumped sharply after a number of major central banks decided or signaled their readiness to cut interest rates in the future. In Sweden, the country's central bank cut interest rates by 0.25 percentage points to 3.75%. The Bank of England (BoE) announced to keep interest rates unchanged at 5.25% and hinted at an upcoming interest rate cut when...
- Gold is involved in sideways correction. - Watch out for whipsaws. - The way to go is to fade breakouts.
Hi traders potential trade on XAU/USD On H4 We have inverted head and shoulder. and information of higher low and lower high as confirmation of buy at Current price.
Gold fell again despite falling Treasury bond yields. From an overall perspective, gold continues to struggle after its recent pullback. The most recent support for gold is in the $2,295 – $2,305 range. A move below $2,295 would bring gold towards support at $2,190 – $2,200. Gold prices fell slightly in Asian trading today, having mainly received limited support...
#XAUUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about XAUUSD. XAUUSD is breaking the rising Wedge. Almost breakout done. We can see drop here upto 500Pips+ in coming days.Keep in touch we will update further soon.
Details on the chart! After a long basing process for 13 years Gold has completed a Cup & Handle pattern. Price has moved up since then and consolidating. Just completed a ABC correction in Daily chart suggesting the resume of uptrend soon!
the market price makes a weekly pullback to last's week's open ...at 2333,despite 2338 was the expected price ... Daily formation makes a valid rejection at the supply price 2333, sold till the current price at 2311... .... sit tight for the next insights fellaz .... boost idea, comment and follow for more .....Thanks ✨
- The market has been registering higher highs and lows since mid-February ; The mid-term trend is bullish - Over the past couple of weeks, and with the establishment of a new all-time high, prices have naturally consolidated inside a bearish wedge. This consolidation led the market back below the $2,300 zone where buyers seemed to be powerful and numerous enough...
The pivot point for GOLD is identified at the price of 2299. If the price manages to hold above 2306, it suggests a neutral stance with a potential upward movement towards 2330. However, if the price declines below 2287, it indicates a continuation of the downtrend, potentially leading to a further decline towards 2265. It's essential to closely monitor these key...
- Gold might go sideways in near term and then start another leg down to complete the correction
Weekly Analysis: Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First...
Gold has been bearish for past two weeks and I expect it to continue it bearish momentum till around 2220 - 2230. Howbeit price is likely to push to the upside to take out Liquidity engineered close to my AOI. I will looking for short from 2358 - 2362(The red zone) and TL to 2280,2265,2225 will be my profit target. But if price breaks the Trendline, I will be in...
The XAU to USD exchange rate is forecasted to decrease by -1.56% in the next 24 hours, dropping from the current rate of $ 2,303.44 to $ 2,267.42. Currently, the sentiment in the XAU/USD market is estimated to be bullish
Gold is closed above the golden zone . Correction is holding the price. Gold until now did not reach the max wave lvl. Trend line is Up. I expect that Gold will reach 2440. Best Regards
Gold Eyes Renewed Rally as Central Bank Doves Sing, But Can It Break Through? (XAU/USD Forecast) The price of gold (XAU/USD) is poised for a potential return to its upward climb after a brief consolidation period. This renewed bullish sentiment comes on the back of dovish signals from central banks and a key resistance level waiting to be breached. Central...
Gold is a chemical element with the symbol Au and the atomic number 79. In its pure form, it is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals
Nice margin for a long trade. This is probably a flag formation which has also been confirmed. However.... stay tight with the stop loss.