Gold prices remained close to a four-week low on Wednesday, as investors awaited a U.S. Federal Reserve policy decision that could clarify the central bank's interest rate plans after recent strong U.S. economic data. Technically: The price of gold has recently experienced a decline, aligning precisely with our projected target. Currently, it continues on its...
We All Know How Gold Loves To Shift Its Direction At A very Critical Areas, as you have seen in my previous analyses i was bearish on Gold, however when i reversed my fibo i can see that Gold Is Now respecting the 0.618 zone of the fibo , meaning that if this 4H candle closes above 2298 we will see 2338 immediately from there we will retrace to 2312 which then...
Technical analysis: Short-term rebalancing as Gold tested (successfully so far) the #2,292.80 Daily chart’s Support taken from #2,300.80 former local Low’s, with Daily chart finally turning Bearish which is spectacular news for both Short and Medium-term Sellers. As long as #2,300.80 benchmark holds, Sellers shouldn't worry since all major chart’s candles ends in...
The price of gold fell nearly $50 on Tuesday, reaching a new low of 2285, as the Federal Reserve decision will be ushered in on Wednesday, and the market expects that the wording may be hawkish. The dollar and U.S. Treasury yields rose, which significantly suppressed the price of gold; despite strong safe-haven demand and central bank buying Gold prices continued...
The gold market has shown signs of a double top on the 4-hour chart, suppressing upward movement. Short-term rebounds lack strength, and the 4-hour moving averages have crossed bearishly, indicating the potential for further decline. The market opened lower this morning and has been declining since then, with any rebounds confined to around 2337. Below 2337...
Gold is currently experiencing a downward trend on a daily basis. Last week, the price dropped below an important horizontal support level and remained below it. This has created a supply zone with a broken structure and a descending trend line. Today, there was a significant bounce back from the lower boundary of this zone, indicating strong resistance. It...
XAUUSD has displayed a 123 pattern and formed an ascending triangle, coupled with a breakout of resistance, all indicating a potential bullish movement. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before making any trading decisions.
Yesterday we did 2337 Sell again, and the two TPs we set up have reached the target. Today we are ready to continue Sell. Recently we have been saying that gold is just rebounding, the market has not reversed, and the short market has continued. Gold has fallen sharply, breaking the recent shock, and gold has continued to be short after rebounding in the US...
Gold technical analysis The overall market in April showed relative strength, rising from 2230 to 2430, setting a record high. The current price is hovering around 2330 and is expected to remain near 2330 at the monthly close, which is the 50% level of the rally. Therefore, the trend in May is likely to rise first and then fall, continuing the rise and then...
On Thursday, gold TVC:GOLD prices declined as investors analyzed the likelihood of the U.S. Federal Reserve easing monetary policy this year. This reassessment came after the Federal Reserve noted that inflation progress has halted, suggesting that interest rates might remain elevated for an extended period. technically side: There are two possible scenarios...
Hey traders, In this post, we will compare investing, trading and gambling . 📈 Investing Investing is the act of putting money in a financial market with the expectations of a long-term positive return. The investing decisions are usually made using fundamental analysis. The main goal of an investor is to predict the long-term market trends and benefit on...
Following a break of a significant support level on the daily chart, Gold tested a nearby support level. The price was consistently rising within a bearish flag pattern on the 4-hour chart. The test of previous horizontal structure prompted a strong bearish response, causing the price to breach the flag's support level. This indicates strong selling pressure...
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
Trend line and fibonacci levels to sell in continuations of the trend.
Last week, Gold attempted to extend its decline as the USD gained strength following the release of the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March. This data exceeded expectations, with the annual underlying inflation rate accelerating to 2.7% from the projected 2.6%, albeit slower than the 2.8% recorded in...
XAU-USD keeps falling down But a strong horizontal Support level of 2303.8 So after the retest I think That will make A local bullish rebound !
As discussed on my yesterday's session commentary: "My position: I have managed to catch decent #10-point Profit throughout Friday's session, Selling High's which brought #2,327.80 test. I will assume no new orders for the session and will look to re-Sell Gold as Higher as I can. #2,342.80 - #2,352.80 is optimal re-Sell zone. I am very comfortable with waiting /...
The market is currently in a correction pattern and is reacting to a possible level of structure. Let's see if this the move that we are expecting to move price up. Feel free to share your views