The world gold market is quiet as investors are waiting for important reports this week. It is expected that the personal consumption expenditure index (PCE) report, which is expected to influence the interest rate direction of the US Federal Reserve (Fed), will be published today. In recent statements, Fed officials left open the possibility that the US Central...
chance for sale and if its hit sl it will be buy u got 2 setups infront of u folow it
Greetings, dear friends! Let's dive into today's gold price trends together! As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of...
Hello, dear friends! Today, gold has dipped nearly $5, trading around $2025 USD after failing to break the resistance at $2035 USD. The movement of gold prices is currently largely influenced by the Federal Reserve's (Fed) interest rate expectations. As such, the upcoming release of the core Personal Consumption Expenditures (PCE) Index - the Fed's preferred...
In the trading landscape of Tuesday in North America, gold witnessed a modest uptick, yet remained confined within a narrow range, reflecting a certain cautious sentiment in the market. The primary catalyst behind this growth was a slight decrease in the yield of U.S. Treasury bonds, casting a dim light on the U.S. Dollar. This is evidenced by the U.S. Dollar...
As we've moved through the first half of the trading day, gold has seen little change, hovering around $2028 USD and capped below the resistance level of $2035 USD, also showing signs of a double top pattern (indicating potential for a price decrease). Selling gold at this juncture seems to be a favored strategy, targeting profits at the support level of $2017...
Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD finished the session around $2,030, slightly below a confluence resistance zone near $2,035. Many...
1) FVG rebalance fail. 2) CE being respected. 3) CE will be protected low, if CE is violated, then price will dive down further. 4) Inducement / Internal liquidity void 5) Entry and target small swing target to 2088-2089
XAUUSD Pivot Point 2031 If the price is higher than the pivot, open long, TP1 at 2041.50, and TP2 at 2055, cut loss if the price is lower than the pivot. If the price is lower than the pivot, open short, TP1 at 2025 and TP2 at 2016, cut loss if the price is higher than the pivot. *** Please money management***
– Wednesday Daily candle closed Bullish within recent Daily Range as price continue to consolidate. I’ll be looking for potential Buys above 2038.100 targeting previous Weekly Support formed on 8th January 2024 around 2045.400 and 1h previous Support formed on 2nd February 2024 around 2052.500. I’ll be looking for potential Sells below 2030.300 targeting Daily...
I could buy if it breaks 2038.98 zone. And could sell if breaks 2031.96 zone
I've seen this played out many times in the lower time frames. I don't really know how to put it into words. let's just pray I'm right then..lol
Gold to Bitcoin is heading for a triple bottom. Price action there will tell us if BTC is going to keep running hard or if Gold has one more big run in store probably the latter not financial advice
What do you think ? Write in the comment
XAUUSD sell to then buy to make possible HH out of the range
Hello Traders! as shown we are in a bearish channel , looking for confirmed signals to enter short I expect that the price will reach to 1978
Gold has reached the top of the 4H Channel Down pattern, while the 4H MA50 and the 4H MA200 just formed a Golden Cross. Despite that, and as long as the 1D technical outlook isn't bullish (RSI = 54.450, MACD = -0.200, ADX = 28.783) but more importantly the price is inside the Channel Down, the sentiment remains bearish. The 4H RSI is on the same kind of Bearish...
Gold dipped low and took out a previous low. Then it snapped up and took liquidity at a previous high. Drawing a fib from the swing low to the swing high, it came right down into the ICT optimal trade entry(OTE). It also respected the fair value gap(FVG) on the M15. It will be drawing to last week's/Friday's high to grab that liquidity, taking out previous highs...