Yesterday, the price of gold soared rapidly due to the impact of the U.S. unemployment rate in April and the seasonally adjusted U.S. non-farm payroll data in April, but the price quickly returned to below the downward trend line. The price still rebounded in the later period, but did not break through the downward trend line. This shows that news events only...
My dear followers, I analysed this chart on GOLD and concluded the following: The market is trading on 2301.8 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2331.0 Safe Stop Loss - 2280.8 About Used Indicators: A super-trend indicator is plotted on either above or...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 06 May 2024 BUY LIMIT Order: $2293.91 Stop Loss: $2277.09 Take Profit 1: $2310.47 Take Profit 2: $2332.50 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
📈 Gold Analysis & Key Levels for Next Week 📉 🔹 Resistance Levels: 1. Resistance 1 (2347 - 2360): 🛑 Sell Zone 🛑 2. Resistance 2 (2397 - 2432): 🚫 Strong Resistance 🚫 🔸 Support Levels: 1. Support 1 (2227 - 2267): 💰 Buy Zone 💰 2. Support 2 (2222 - 2189): 📉 Critical Support 📉 3. Support 3 (2143 - 2163): ⚠️ Deep Support ⚠️ 💡 Trading Strategies: - **Pullback...
*Retest of Moving average that has been consistent with being resistance. *trend line bearish
The 4-hour moving average of gold is still in a downward bearish position, and the gold shorts are not over yet. Gold has fallen back quickly after every recent surge. The situation is still controlled by short sellers. Don’t be fooled by the strong rebound of gold bulls on the surface. The rebound is a better opportunity for short sellers.
Gold fell again at the opening of Monday. Currently, the support is at 2286-2278, and the resistance continues to be observed near 2313. The focus of this week's trading is to short at high levels, with the final target near 2218. If the shorts are strong and fall below the support near 2278, strong support will appear in the range of 2274-2269 in a short...
Today is Sunday, and tomorrow we will start a new week of trading. Let’s first summarize this week’s trading results. This week we participated in a total of 20 market transactions, 18 of which ended in profit, and the remaining 2 transactions ended in loss, with a winning rate of exactly 90%. Our overall trading profit is very good. I personally made a profit of ...
Here is my expectation for the GOLD to move long in the following days. Keep track of the break out for the triangle formation and then enter the trade with considering the risk and watch the trade to play out perfectly. Always manage your risk and aim to protect your initial invested funds then targeting the profits.
With the current outlook on Gold, I have two POIs for the Possible sell continuation. :. 🚨🚨🚨STAY SAFE - Use Proper Risk Management and Trade Management ⚠️ Please LIKE, COMMENT and FOLLOW for future analysis⚠️
A 4 hour forex trading strategy is a trading method that focuses on using the 4-hour timeframe to analyze the market and make trading decisions. It is a popular approach among traders who prefer a longer time frame but still want to take advantage of short-term price movements. iTs mean monday target 2305 or up..! Follow dragon for new targets new ideas!
GOLD moves in an indecisive range to sweep the market price @ 2341-2357.. before the weekly candle formation gets activated in the sell momentum continuation
XAUUUSD tried pushing up during NFP But got rejected at the 50 SMA at 2320, now price is trapped between the 50 and 200 SMA holding in the downward at 2286. currently am taking a bearish bias because of the descending channel formed. Am waiting for price to break 2286 area then we sells all the way to 2198
Here is my latest structure analysis and important key levels to trade on Gold next week. Resistance 1: 2354 - 2360 area Resistance 2: 2392 - 2432 area Support 1: 2215 -2264 area Support 2: 2194 - 2222 area Support 3: 2146 - 2165 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSD is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The US ADP jobs report...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Consolidation Phase Completed " 12345 " Impulsive Waves RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
Hi folks today I'm prepared for you Gold analytics. A few moments ago price rebounded from the trend line and in a short time rose to the support level, which coincided with the support zone. Soon, the price broke this level and started to trades inside consolidation, where it at once rose to the top part, but soon turned around and made a correction movement....
Any healthy trend will respect support and resistance levels. In this chart the thick green line is a valid support which got broken. But where is the retest?? Market should have taken support on the thick red line to go up and test the broken green line, get rejected and come down. Only then I would call this last down phase as a healthy down trend. Market even...