Hello all dear traders!
Gold prices today continued to consolidate at high levels with a steady upward trend above the $2,300/ounce mark in overnight trading after the US Federal Reserve (FED) quashed expectations of any interest rate hikes. What's next - this pulled the dollar lower and brought some relief to commodity prices.
However, the prospect of US...
Hey Everyone,
A PIPTASTIC finish to the week with true level to level break and confirmation trading.
Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that...
The international market had its second consecutive decline after the US announced more information on employment, unemployment rate and PMI index.
The world gold spot price is around the threshold above 2,301 USD/ounce, down more than 4 USD/ounce compared to the previous trading session in this market. During the session, the world gold price increased sharply...
XAUUSD trading strategy:
In summary, after being under profit-taking pressure around the 2400 USD level, XAUUSD is still continuing to stabilize in a descending price channel on the H4 chart, which shows that the medium-term outlook tends to be favorable for the sellers gradually become stronger. The current fundamentals are negative and it is likely that the...
Gold, after breaking its upward trend line and confirming the downtrend, may start its movement from next week. The initial support for gold is in the price range of 2282 - 2286, and upon breaking this range, we can expect a price decrease towards 2270 and 2237.
Gold had a sharp decline yesterday. After a slight rebound at the opening, gold began to fluctuate and fall, falling below the support all the way. It fell below the 2300 mark in the US market. It hit the lowest line of 2284 US dollars in the evening, and finally closed at 2285 US dollars. The daily line Closed at a big negative line.
Wednesday will usher in the...
Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets.
Gold prices are likely to fall back to the area of 2,305 USD/ounce, losing all the gains...
From a technical point of view, today's market situation: On the daily chart, there was a negative line yesterday. It can also be seen that the market has closed negative many times since 2431, and the double indicators are still crossing downwards, especially KDJ, which had an upward limit before, and now starts When the price goes down, the upper track of the...
Hey Everyone,
Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips.
We started the week with price playing between two weighted levels 2351 resistance and 2333 support.
We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a...
From a technical point of view, the daily star K-line has fluctuated within a narrow range for four consecutive trading days. The decline was only at the beginning of the week. Judging from the current structure of the daily line, it is still a correction. After the previous decline, it did not quickly recover the lost ground, but fell into the consolidation and...
World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US employment data released on Friday.
Last week was fundamentally rich,...
Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2313 resistance and 2290 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2313 to further open the range above or a rejection will follow to...
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold.
Yesterday, the US economy released more...
Selling XAUUSD at the current price of 2320/19 is recommended. The entry price is set at 2320.10, with three take-profit levels: 2315, 2312, and 2308. Additionally, a stop loss is placed at 2326 to limit potential losses. This strategy aims to capitalize on a potential downward movement in the XAUUSD pair, with the take-profit levels indicating incremental targets...
This week, international gold prices fell quite sharply from 2,346 USD/oz to 2,277 USD/oz and closed at 2,301 USD/oz.
International gold prices continued to decline this week because the FED kept interest rates at the current level and warned that they were not ready to cut interest rates to curb inflation.
US jobs data released this weekend showed that the US...
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark.
Based on technical analysis on the 4-hour chart, the Relative...
The current selling zone for XAUUSD is identified between the levels of 2292 and 2294. This suggests a potential opportunity for traders to capitalize on downward movements in the market. To maximize gains and manage risk, it's recommended to set take-profit levels at 2285, 2280, and 2275, allowing for incremental exits as the price declines. Additionally,...
The current selling zone for XAUUSD is between 2326 and 2326.00. Traders are advised to consider three take-profit levels: 2322.00, 2315.00, and 2310.00. These levels indicate potential exit points where traders can lock in profits as the price of XAUUSD declines. Additionally, a stop-loss order at 2335.00 is recommended to limit potential losses in case the...
