The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
Dear wolfy traders : "Today, it is predicted that the price of gold will rise significantly. Although news related to the US dollar may cause temporary price drops, in the long run, the price of gold is expected to increase. Therefore, it is recommended to use the corrections as an opportunity to engage in long-term or scalp trades. Rest assured, I will provide...
Dear all wolfy friends : What I see is buyers power to reach higher prices for next days but for sure there would be a structure( battle of the sellers and buyers). so on this condition I suggest you to play on buy if you are a trend trader but what if power goes for down trend? if power goes for downtrend im sure we are in correction prices after there be a...
XAU daily view. 1950 key important level. We are out of descending channel, but still new BOS is not formed. Price is still doing LH and LL. If 1950 is broken and price confirms above, we will have new HH. If price cannot brake 1950 - will be looking for shorts. Liquidity was swept and that’s a good sign for shorts. If it brakes and retest 1950 forming resistance...
If you see the movement of gold, there is no sign of bullish, the price increases is still possible because of the correction from the bearish and next week it is still most likely the price will continue the trend bearish. I look for a strong support area and the area is also accompanying with Fibo Retracement at the level of 0.236 Previous analysis I shared on...
This is my final update to the long trade on Gold I have been tracking. We got the bounce exactly from 0.886 as indicated in my previous post and we got an approx. 1.7% move but it failed to go any further. Although the setup is successful as we have already got 2+ % bounce earlier from it and we were expecting the type 2 bounce form the harmonic would give us a...
US DOLLAR IS LOOKING TO INFLATE THE NUMBERS AS WE HEAD FOR SOME FORM OF SWITCHOVER. I have predicted since january we could see an offering by the fed to buyback all fiat currency (USD) in exchange for the new alternative digital standard. Being that more than 90% of circulating currency is digital this would be an easy and palatable transition by most of...
Sell from this zone . Take profit @1977- 1969 Gold Intraday: key resistance at 1991.00. Pivot: 1991.00 Our preference: Short positions below 1991.00 with targets at 1977.00 & 1969.00 in extension. Alternative scenario: Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets. Comment: As long as the resistance at 1991.00 is not surpassed,...
Over the past few days, there has been a bullish trend in the price of gold. Currently, the price is hovering around a crucial level of 1959. If the price breaks and closes above this level, it is expected to continue moving upwards towards the target areas of 2000 and potentially 2066. However, if the price is rejected at the 1959 level and closes below it, then...
Bullish bounce due to bullish divergences and a likely drop of Dollar. On the other hand, I remain bearish over the long term.
After a strong increasing, XAU is pausing and already broke the trendline, we can consider to have a SHORT position: - Stop Loss: nearest peak. - Target Price: around 1825-1822.
Bullish up to $1900 then bearish. Long term analysis:
On monthly time frame, gold price is in downtrend, formed a lower high, RSI below level 60, and in weekly it is sideways near an important support level, RSI approaching near level 40. So, on weekly we may expect correction from 49300 level, which means in coming days, on daily time frame we may expect some up move. But for that we have to wait for a proper price...
XAU $XAU Initial Long. This is a pure digital signal processing signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: XAU is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and...
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels...
The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry,...
Hello my friends - today in my long-term analysis, I came to a very interesting conclusion about gold. In the monthly time, gold could not hold above 1752 after setting a new price record. Accordingly, the price of gold will experience a sharp decline. From this price point, you can open a trade in a negative direction. -At risk to Reward: 1 to 4 ! -Maybe this...
Yesterday gold tested its support and the lower limit of Value zone helped gold to maintain the 1915 levels. The news were also positive for USD. So there was lot of selling pressure. But gold is able to sustain and rise to its previous support near 1926. For today the important levels are 1935 and 1918. I can see there is a good supply area near 1935-1940. So we...