Precious metals on the world market quickly lost the threshold of 2,400 USD/ounce after achieving this record yesterday.
Disappointing economic data is adding to solid safe-haven demand in the gold market. June gold futures last traded at $2,421.60 per ounce, up 2% during the session.
According to the report, consumers see inflation in the United States rising...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
A stronger US dollar and fewer worries about inflation caused gold to retreat after hitting a record of 2431.
Market volatility is caused by geopolitical tensions between Iran and Israel, which initially increases demand for safe havens. Fed officials' remarks that strengthen the US dollar work against the price of gold. Fed rate cut bets and bullish USD seem to...
Gold and other commodities hit record highs on Friday, with gold reaching $2,431.40 mid-session before falling -4.40% by the close of trading. On Monday it remained in an average zone already marked in previous weeks since 8 April. But in Monday's trading day the Middle East conflicts have boosted commodities again with bonds, oil and metals the biggest gainers...
Technical analysis: As expected the Price-action was rejected upon hitting #2,400.80 psychological benchmark for #2 reasons speculated on my remarks: #1) #2,400.80 being distinguished as major Resistance fractal on Daily chart, #2) Overbought Technicals coupled with Bullish outside factor which is keeping Bullish bias alive. However, Fed Rate hike rumours which...
Hello everyone, it's Brian here.
Today, gold experienced a modest decline after failing to sustain its recent rally despite a drop in U.S. Treasury yields and a weaker U.S. dollar. The XAU/USD pair struggled to capitalize following the release of weaker-than-expected global PMI data from S&P, sparking speculation about a potential Fed rate cut come...
As a price action trader, I prioritize simplicity in my trading strategy, focusing on price and timing. Each breakout I pursue must meet specific criteria.
Gold has triggered my sell signal, indicating a potential trend change. However, given current geopolitical tensions, I'll exercise extra caution when executing trades.
Trading Plan:
I'm anticipating a long...
Hello Traders and Investors, today I will take a look at Amazon.
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Explanation of my video analysis:
Just three months ago Gold broke out of a very long term ascending triangle formation - similar to the triangle formation which we saw back in 2019. So far Gold is just creating the expected continuation higher and you can definitely close out partials...
After huge correction on gold from 2432
To 2292
Gold made a good support on 2292-2300 area
we long it from our golden area on newyork session with just 20 pips Sl
And made almost 230 pips from that
FINLY GOLD sahib SHIFTED ITS STRUCTURE TO DOWN SIDE AFTER VERY LONG LONG TIME ,, now we have 2 levels 2323 and 2380 to sell ..lets wait for the evidence before dive in ,,, (big picture)
A price action below 910 supports a bearish trend direction.
A price action below 900 supports further downside potential.
The stop-loss price is set at 955 (just above its 61.8% Fibonacci retracement level).
The profit target is set at 855.
Crossing below its 200-day, might initiate a re-rest of its 200-day and then a leg down.
Gold took out the sell side liquidity and price have been creating new lows now am expecting an engulfing candle closing this previous bullish candle for another massive drop to 2170
Am in on short on gold
JOIN AND ENJOY
Tell us what you think...........?
