Yesterday's trend was as I predicted. I will continue to share my views today Data released on Thursday showed that the U.S. personal consumption expenditures (PCE) price index increased at an annual rate of 3.4% in the first quarter, while the Federal Reserve's inflation target is 2%. The current high inflation data is a problem and the economy is slowing down...
I´m expecting jump up on GOLD due fundamental fuel. You can buy now at the curent price 2321 and target 42. After partial TP at this level, target 55. Wish you good luck.
The gold trend is downward and we will see more gold falls... I am not a gold trader because I am afraid of the volatility of gold This process is only for someone who invests.
During the day 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 of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
The price of spot silver versus the US dollar (XAG/USD) remains entrenched within a moderate uptrend. This tends to attract trend-following systems that attempt to buy breakouts of key areas of resistance and buy into corrections. As evident from the H4 chart, price action has rebounded from an equal AB=CD harmonic formation at $26.79. Traders commonly enter...
Hello dear friends! Today, gold is on the rise again, well-protected as the bulls successfully maintain prices above the $2300 support level. Gold has climbed nearly 150 pips from the same time yesterday and is currently hovering around the $2335 mark, near the EMA 34 and 89 lines. The short-term trendline continues to favor buyers. As long as the $2300 support...
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The near-term appeal of the precious metal remains weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
The support line marks the point where demand takes precedence over supply and prices will not decrease below that support line. The reverse holds true for a resistance line. Prices often break through support and resistance lines. A breakthrough a resistance line shows that the buyers have won out over the sellers. Open price 2340 When the price moves up and...
Gold rejected from supply zone/order block from yesterday and has formed a lower low this morning. If we go by ICT we are going back to 22xx from here. I have entered a short once the previous low was broken at around 2324.5. Plan is to exit in parts based on support levels below and Fibs. With news and wars making markets extremely volatile I entered the trade...
Xauusd analysis lures to the 50's of 2300... to set in the continuation of the key sell momentum.. follow for more insights fam .. as we hedge along with market
Good morning Traders ☕️ No plan today, just monitoring the 1H SELL ZONE + the FVG to see if we might have a reaction, but at the moment I don’t see other clear zones 😅 I try to keep it safe guys. Yesterday was a no trade for me 🤝 Something the best thing to do is to stay out 💯 Check my profile for more GOLD analysis 🧐 Trade smarter, not harder! 💼📈 Don't...
Gold (XAU/USD) is rising towards the pivot which has been identified as an overlap resistance. Could this precious metal stall around this level before potentially reversing to drop towards the 1st support? Pivot: 2,344.22 1st Support: 2,314.56 1st Resistance: 2,361.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
The geopolitical situation remains tense, and Israel's attack on Rafah is on its countdown. Israeli warplanes violently attacked the northern Gaza Strip for a second consecutive day on Wednesday, breaking weeks of relative calm. Israel said it was moving forward with plans to launch a full-scale attack on Rafah in the south. This will again be important...
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 17 - 2024 ECONOMIC COMMENTARY This week, international gold prices continued to increase beyond the threshold of 2,400 USD/oz to 2,417 USD/oz, but then gradually decreased and closed at 2,390 USD/oz. Gold prices rose again to exceed 2,400 USD/oz on April 19 due to an attack believed to be by Israel...
Gold chart overview Today I will post an overview on the various time frames and also outline the trends and detailed entries
Gold (XAU/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,342.54 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 2,359.96 which is a pullback resistance that sits above the 50.0% Fibonacci retracement level. Take profit is at...