GOLD is currently testing the weekly structure resistance level. It's approaching the kill zone, where we have major structure resistance and fibo extension levels of 161.80%. The market created a divergence and price deceleration on the hourly chart. We expect a pullback from this resistance level. ------------------- Share your opinion in the comments and...
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Preferred direction: SELL Comment: By the end of the week, all long trades on metals have been fixed, and on the eve of the NFP , we expect a fall in gold . It should be noted that a slight increase is still possible even without the NFP data, where, against the background of volatility, the price may rise above the current new historical maximum....
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
H4 Analysis: Analysis/Bias remains unchanged since yesterday (08/03/2024) -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS and subsequently a bearish CHoCH which is the first structural indication, but not confirmation that bearish pullback is underway. Expectation is for price to pullback to H4 POI or 50% EQ before targeting internal...
The price perfectly fulfilled my last idea. OANDA:XAUUSD has been moving upward almost without any pullbacks. The key level that will play an important role this week is 2148.99 because the market will decide whether to close below or above it. On the daily timeframe, we have lost some of the bullish momentum. It seems like bulls are out of breath and they need...
Currently, investors are waiting for the employment report from the US Department of Labor. According to data released by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, private payrolls increased by 140,000 last month after increasing by 111,000 in January. The report shows that the market US employment is still growing...
Currently, buyers are anticipating the employment file from the United States Department of Labor. According to facts launched via way of means of the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, non-public payrolls multiplied via way of means of 140,000 final month after growing via way of means of 111,000 in January. The file...
Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Chair Jerome Powell’s remarks cemented mid-year rate cut bets, ahead of a key jobs report later in the day. was little changed at $2,157.16 per ounce, as of 0350 GMT, hovering around a record peak of $2,164.09 hit in the previous session
Gold in the XAU/USD pair has ascended for a seventh straight day, though it has shed some momentum. Overbought conditions are making it challenging for the pair to extend gains further, hinting at a potential price correction or a consolidation phase ahead. Technically, the daily chart displays oscillators hovering at extreme levels, indicating a likelihood of an...
Hello traders. We have NFP today here in the U.S. On the weekly chart, if news is not good for the US dollar, and we do get volume for a push up... Well there is no traffic to the left and we are in open waters . I have marked my current areas of interest. I am patiently waiting for a good set up. Buys from 2050 if support continues to hold ? Current area...
Nowadays, Gold already All time high and we don't have any Supply Zone. Still go up with Strong Buy Momentum, Non-farm will action somethings at today evenings So, i planning to follow trend because it' ours best friends for all investors. This price right now, quite risky i need it does correction but .... HAHA (Look at Chart) I will wait after non-farm news...
gold is right now at it,s ATH,the possible pullback is nearby the upcoming NFP today will be the decisive factor for the shiny metal......i am personally no longer interested in buying gold any more as GOLD is overbought right now so possible retracement should be in mind of a good trader .
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🔖XAU/USD, H4🔖 8 March 2024 Gold prices are sustaining their bullish rally and are currently testing another resistance level at the $2160 mark. The surge in gold prices is primarily attributed to the weakening of the dollar, influenced by the dovish message delivered by Jerome Powell during the testimony. However, the prevailing optimism in equity markets and the...
Looking for Gold buys once a strong bullish candle closes above the current resistance, also need to keep in mind that we have strong Key Economic event today The NFP!!
Hi. I expect two scenarios to happen. First scenario (blue line): In the first position, I risk 0.5%, the price is in an important area and it has swept away a lot of liquidity. Second scenario (red line): if the first position is stopped, our second position will be activated at 2051.59 (with 1% risk). Good Luck.
Pay tience.. Welcome to another day of opportunity, as a valuable asset that I am, I am compassionate towards myself and others, I am like your alarm guys.. I help you bounce back and committed to my personal growth journey, todays hope is for every to bag and make as much money as they can.. stay stuckinprofit guys.