🔖XAU/USD, H4🔖 25 March 2024 Gold prices experienced a downturn as the robust US Dollar continued to dampen the appeal of non-yielding assets such as gold. The resurgence of the Dollar, particularly following signals from several major central banks, including the Swiss National Bank, hinting at potential rate cuts in 2024, weighed heavily on the precious metal...
After the analysis succeeded in reaching the peak of $2222 per ounce, gold begins its downward journey But as he is known for, he does not fall easily without hitting the beginners' positions, so there will be possibilities for gold this week. 1- Based on the speed of the rise and fall, the re-correction will occur until the 1980s at least 2- Breaking the bottom...
It was said in chat 8% rise in gold predicted this year. I drew these lines on in Feb, and although $3500 by August sounds a lot, the chart looks ok. Again, just a bit of fun for the scrapbook.
Gold is still on a downward trend. It found support near the previous low yesterday and rebounded and fluctuated. This is a normal adjustment during the decline. The resistance is also very obvious, which is the 1970 position! Therefore, the current price of 1968 can continue to be short and bearish to new lows! Gold officially started its downward trend after...
Gold is now oscillating sideways, ready to go, and can remain bullish! The decline of gold was supported by the lower Bollinger track of the daily line, and it did not continue to fall. Moreover, the positive line directly pulled up yesterday, breaking through the pressure of 1940! After the breakthrough, the pressure turned to support. Today's sideways...
Gold rose sharply yesterday, fully in line with my expectations, and reached the target position of 1965 as scheduled, and exceeded the target. Our long position of 1947 also reached the target as scheduled. Gold bulls are very strong right now, but there will be adjustments after the big rise. Just rely on the support of 1955 to pull back and go long today! The...
Gold is currently fluctuating at a high level, and now the rebound is blocked. The current price of 1967 can be shorted again! Be defensive and bearish at yesterday’s high of 1975! Below, pay attention to the support of the 1955 line. If it breaks, the market will really turn downward, otherwise it will be high-level consolidation and shock! The current trend of...
After the gold price retreated during the day, it began to fluctuate upward. For the European market, the pressure at the previous high point in 2007 was still relatively high. At present, it seems that there is not enough momentum to directly break through, so the opportunity will be given directly to the US market. , in terms of operation, wait for the pullback...
The upward trend of gold remains unchanged, and the support position continues to be bullish and remains unchanged. The current effective support is the 2008 line. The support position continues to be bullish and remains unchanged! 2014 can be more direct, and the US market will continue to see new highs! The trend is up, and every time it steps back is an...
The rising trend of gold has not changed. Now it is just a break after the big rise. It has stepped back normally. The rise is still continuing. Yesterday we bought in 2014, reaching the highest level of 2052. Now that the market has pulled back, we can still continue to buy. The current price of 2038 will continue. More, continue to be bullish! Gold is now in an...
Gold continues to fall today, and it cannot be stopped at all. The weak downward trend, directly enter the market and go short. The current price of 1998 is short, and it continues to be bearish! On the golden hour chart, the weak Yin is falling. The latest pressure is the Bollinger Band. Each new downward wave is trending. Generally, a small rebound will...
Hello to all traders. 😎😎 I hope all your deals will hit their targets. 🎉🎉 Gold has negative divergence in all time frames. There are currently two ways to get gold. The first path is the blue path. It means to go up to $2200 and then drop from there. What is important is that the candle that reaches 2200 should fall quickly from there and become a bright and long...
Gold's rebound is weak and the decline remains. You can enter the market again and go short. The current price is 1988, which is bearish! Gold has fallen weakly, and its rebound has now been blocked by Bollinger's upper track pressure for 30 minutes, and it has been suppressed by 1990 twice! After encountering resistance, a new decline will begin! The downward...
Gold turned south following a record-setting upsurge on Wednesday and erased the majority of its weekly gains, as the upbeat data releases from the US offset the negative impact of the Federal Reserve’s policy decisions on the US Dollar’s (USD) valuation.
As we can see on XAUUSD that it is potentially creating a inverted head and shoulder pattern. So, plan your trade accordingly.
Price is now in the H4 Demand zone, and I think this is a very strong demand. I am expecting the price to go up. There is a supply zone also in M15. But I am confused that the M15 supply zone can hold the power of H4 demand or not. So, I plan to wait up to the H1 supply zone. If I can find any good price pattern there I will go for short. Happy trading.....
No matter what you do, since you have chosen, you must believe in yourself, your own vision, and your own judgment! Only in this way will you have a goal and a direction. Confidence is very important. If you don't believe in yourself, you won't succeed in anything you try to do. Gold recently hit a record high of 2220, and then experienced a mixed...