after we seen a bullish wave for gold we will make one trade after it reach to 3400_3410 level Capital Management Recommended
There is a high chance that price will fall to 4H demand zone at 71. Try to enter after the rejection and target the closes (daily) supply zone at 2397-410. Wish you good luck.
In Asian hours on Tuesday, May 14, spot gold traded in a narrow range, currently trading around 2341. Gold fell 1 percent on profit-taking to settle at $2,336.10 an ounce on Monday as investors awaited key inflation data this week for more clues on a U.S. interest rate cut this year. In addition, Federal Reserve Chairman Jerome Powell will also speak in the day,...
XAU-USD was trading below The falling resistance But now we are seeing A bullish breakout so I am now locally bullish Bias and I think that we Will see a further move up !
After gold rebounded and came under pressure at 2350 resistance, it fell directly, and then fell below a new low. Gold broke through and fell, and short-term bulls were weak. The 30-minute moving average of gold has formed a dead cross downward short position. The 30-minute gold has formed a downward trend. It has rebounded weakly along the downward trend line....
FX:XAUUSD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction. Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on...
There is a potential trend reversal on the 1 hour timeframe. Stop loss: 2394.645 Take profit: 2360.45
Data showed US consumer prices rose less than expected in April, raising the possibility of an interest rate cut by the Federal Reserve, the dollar weakened and US Treasury yields fell, gold prices rose because expectations of interest rate cuts will make haven assets like gold more attractive. A gauge of core U.S. inflation cooled in April for the first time in...
OANDA:XAUUSD after a correction on Thursday, it remained within a short-term uptrend and the market was affected by some comments from Fed officials. Three senior Fed officials said the central bank should keep interest rates high longer as policymakers await more evidence of slowing inflation, suggesting officials are in no rush to cut interest rates....
We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. Last week is HERE or in the related ideas at the bottom of the post. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development...
With the recent core CPI data not changing and remaining at 3.4% investors are still concerned with inflation hence they are buying gold to safe guard their buying power. This situation is most concerning to central banks around the world and they are the biggest buyers. I am of the opinion that we are going back to price discovery territory. Technically the...
- I expect correction to continue in near term before bullish action resumes - I's ok to be flat in the correction phase - don't need to have a position yet - I'd be looking for buys in the area of 2335-2355
On Tuesday (May 14), Federal Reserve Chairman Jerome Powell said that there is less confidence in inflation coming down than before. But he stressed that he did not think the next move was likely to be an interest rate hike and that it was more likely to keep the policy rate at its current level. Powell said the U.S. economy is doing very well and has a very...
Hey there on 1htF the Gold has moved upside on Asian session open and now continue moving upside so we expect that today can touch 2400 level or maybe go higher
A long positions was entered yesterday upon test of support of what appeared to be a descending broadening wedge pattern. Stay safe and happy trading guys!
Hello traders ,what do you think about GOLD? After breaking its trend line, gold has now reached the resistance zone of 2400. It is expected to grow at least up to the specified level after the pullback to the broken trend line. If this post was useful to you, do not forget to like and comment.❤️
XAUUAD - Long view Trade Reason : 1)4hr uptrend and Correction Completed 0.618 Level 2)Trend Reversal in 30 Min 3)Head and Shoulder Pattern Neckline breakout Confirm Entry - 2346 Target - 2359.775 Stoploss - 2336 Thank You ...