XAUUSD is currently positioned within the support zone and has potential to ascend towards yesterday's closing price at $2318 or above.
Additionally, this presents a valuable position to consider taking.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold has been trending higher, but last week we saw a big drop.
On the weekly chart my bias is short but currently I don't have any confirmed sell entry.
Taking a buys on fresh demand zone until price confirms a change in trend.
My point of interest being the price range marked.
Hello everyone, it's Brian here. Today, XAUUSD saw a recovery during the Asian trading session, but as we moved into the European session, the price began to decline again. At this moment, gold has lost nearly $13 and is currently trading around $2307, marking a 0.51% decrease for the day.
The downtrend in gold continues to be significant as the technical charts...
Good morning ☕️
Today’s setup 💡
We saw a massive move to the upside after the interest rates announcement yesterday. 📈
Hoping for a pullback into the marked buy zone now. 🧐
Too bad I missed the sell zone from yesterday while I was driving, but setups happen every day, so no need to rush or take unnecessary risks without a clear setup. 🚗
Remember, patience...
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 everyone, Brian here!
Yesterday, XAUUSD closed stably around $2338, largely unchanged from last week despite significant economic reports, including Friday's PCE index.
The overall PCE index rose by 0.3% from February and 2.7% year-over-year. Adjusted personal consumption expenditures increased by 0.5% from last year, marking the largest increase this...
The current gold price is trading around 2,323 USD/ounce. The golden boy immediately regained the mark of 2,300 USD/ounce after yesterday's sharp decline to 2,285 USD/ounce.
The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate...
The US greenback skilled a small decline today, with buying and selling volumes falling because of a vacation in Japan. The yen, euro and pound continue to be close to their lowest tiers from ultimate week`s chaotic session. The Japanese yen confirmed mild profits in opposition to the greenback, buying and selling at 158.05, up almost 0.2%.
This modest circulate...
Gold grew to become to boom strongly once more and the gold marketplace is retaining a stable boom above 2,three hundred USD/ounce, however does now no longer see any new momentum, because the US Federal Reserve (FED) continues its economic coverage stance. Currency regulations and warnings that inflation stays a hard trouble to solve.
As expected, americaA...
Gold recently broke its previous trendline channel and is now retracing back towards it. We anticipate a subsequent downtrend once the retracement concludes. Our analysis suggests that the price might form a Quasimodo pattern, with a potential consolidation around the 2330-2337 range before declining towards the minimum target level of 2282.
Today, the US economy will release a series of April economic data and non-farm payrolls reports. At the same time, the Fed ended this session. It is likely that the employment report will have a strong impact on financial markets, including gold. Traders have lowered expectations about the timing and extent of US interest rate cuts this year after published...
It looks like the price will drop at the current resistance (area 2739), but the previous price trend seems to be accumulating, which will likely result in a small upward price manipulation. The probable sell zone would be at the upper level (area 2385-2387).
As you can see, gold is in its descending channel and respects the trend lines. Now there are two views! If gold is rejected from the price range of 2332 to 2337, my target short position will be the price of 2268. If it can reach the supply range of 2358 to 2363 and be rejected from this area, the target of our short position will undoubtedly be 2246-2350.
inside count completed possible a or wave of a and 5 to come pa will tell. c of w may finish at 2140 or 2225 if no extension. We should see a drop after testing 50% fib 55 should not pass
Hello traders
It looks like a good time to buy XAUUSD. after the confirmation of cup pattern because the trend is going up. Just remember to keep an eye on the market in case things change.
Also, make sure to protect yourself by setting stop-loss orders below the support zone to avoid big losses if the market suddenly goes down.
Target Hit 🔥🔥🔥🔥
Pivot
2390.00
Our preference
Short positions below 2390.00 with targets at 2230.00 & 2150.00 in extension.
Alternative scenario
Above 2390.00 look for further upside with 2450.00 & 2510.00 as targets.
Comment
The RSI advocates for further decline.
Supports and resistances
2510.00 **
2450.00 ***
2390.00 ***
2287.00 Last
2230.00 ***
2150.00...
