We have continued to be bearish recently and have made good profits. During this period, we have repeatedly emphasized that the rebound is not a reversal, and the decline is not over yet. Today we once again choose to sell at the rebound high.
The 4-hour moving average of gold crosses and runs downward, the falling K-line is arranged, and the opening is widened....
Last some months we saw it went up too quick that means there are not a potential volume there enough. So it needs to pullback to get some liquidity to reach more higher price. Then my view is next few months we will see it down a bit.
This week, 15 Wall Street analysts participated in the Kitco News Gold Survey and most analysts expect gold to slide this week. Four analysts, or 27%, predict gold prices will move higher, while five analysts, or 33%, predict gold prices will fall. 6 experts, equivalent to 40% of respondents, believe that gold will continue to trade sideways.
Meanwhile, 217 votes...
Last week, the world gold price in the first session of the week traded at 2,335 USD/ounce. In the following sessions, gold prices could not maintain the mark above 2,340 USD and began to decline, reaching the lowest level of the week below 2,283 USD.
World gold price increased again above 2,325 USD/ounce after the Federal Reserve (Fed) announced information on...
The decline in gold surprised many traders, as they expected a stronger reaction in the context of a sharp drop in US government bond yields after Fed Chairman Jerome Powell revealed the possibility of monetary easing in the coming months. future, despite concerns about rising inflation. This somewhat "dovish" view has boosted market psychology, directing capital...
XAUUSD GOLD (H4) the price of gold go to down near 2270.29 now the price of gold 2310.00
now you all focus on gold now sell zone gold big drop you all now enter to sell with out any force are you can analyses with your mind
KEEP FOLLOWING
We will be closing week 3 of April 2024 and still in manipulation phase.
In prediction. Week 4 will be catch a retracement.
APRIL 2024
-Week 1 -starting with trend
-Week 2 - True open of the April
-Week 3 - Price above True Open which indicate Open High Low Close
-Week 4 - In progress (LOW CLOSE IN PREDICTION)
I have identified gold's first important resistance in the area above its head. If it cannot pass with full power, it can touch any of the following areas.
Today, I for my part see the fashion view and tradable regions rotating at 232x-229x
>Currently Gold is reacting to the resistance sector round 2306>2308
In addition, I additionally see Gold nevertheless in Bien Ma reporting a decrease
With this Zone, you could alternate and recollect coming into each Buy and Sell Borders
>Sell Gold round 2309>2311
SL 2313
TP...
GOLD TRADING SCENARIO ON MAY 6, 2024:
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2298, then Buy Gold right away. TP hopes to reach 2313, which is further than 2333, but there are conditions needed at 5:00 p.m. Gold closes above 2308, and vice versa. Gold closes below 2308, then exit Buy and move. Sell direction to 2291. Sell orders at...
World gold prices tend to increase with spot gold increasing by 1.5 USD compared to last week's closing level to 2,302.7 USD/ounce.
Experts assess that the gold market has just had an interesting week when it received a lot of information that affects the direction of this precious metal. Gold started a series of declines and reached the lowest mark below 2,283...
Hello Traders,
Last week was pretty calm, except for Gold, that was very good.
This week is also still pretty calm at Monday, but it's preparing to set up for something good! :)
Let's hope this week will give us some nice opportunities
Enjoy the video!
Happy trading! :D
As suggested by my last post, my main strategy for this week is buy.
Gold is now trapped within the trend lines.
We shall buy from supporting line or once resistance line is broken.
However, it's highly possible that today the trend line won't be broken.
Let's see how the market behaves today.
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Falling wedge pattern and price action suggest price consolidation, LH and LL with downtrend approaching demand zone. Watching RSI, MACD, will give additional confluence of bias.
