#XAUUSD 5/16/2024 Today gold reached the 2395-2398 area I mentioned earlier. Then it fell to around 2380. Yesterday's CPI data took advantage of buying gold. So yesterday's gold rally was strong. We still can't oversell gold today. If the gold price pulls back, then we can buy gold Of course, there’s also dollar news today: Thursday’s unemployment claims...
In his speech in Amsterdam, US Federal Reserve Chairman Jerome Powell said that inflation is still high and the Fed will have to spend more time in this fight. He said the Fed will maintain restrictive monetary policy until inflation falls to its 2% target. Marex analyst Edward Meir said that the fact that Fed Chairman Jerome Powell did not signal a rise in...
Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring XAUUSD for Bearish XAUUSD (UPDATE).... Short from Trendline 🔥🚀 Gold again To Retest the Resistance & Trend line of 2397-2402 But it is Strong key level so I think that there is a high Chance that we will see a Bearish Pullback and a move Down..
According to the investigations conducted in the gold symbol, we have readiness for a long position at the price of 2311
Gold continues to rise in Asian markets. Continuing to the London market. The current price of gold remains at 2261. Combined with the high point ahead, visual inspection shows a double top trend. This is not a good trading position at the moment. Focus on paying attention first. If it breaks through the previous high point and fails to stabilize later, you can...
World gold spot price is around 2,395.3 USD/ounce, up 25.3 USD/ounce compared to overnight. Gold futures price in June 2024 on the Comex New York floor is at 2,398.8 USD/ounce. Gold price today is trading on the world market at 2,370 USD/ounce. Gold delivered in June 2024 on the Comex New York floor is at 2,374 USD/ounce. World gold price on the night of May 15...
After a slow start to the week, gold prices recovered on Tuesday, reclaiming the $2,350 mark. If the upside gains accelerate in the coming trading sessions, the next technical hurdle lies near trendline resistance at $2,370. Removing this barrier could spur increased buying activity, setting the stage for a potential rally to $2,420 and even $2,430. In the event...
GOLD has now accelerated to 239x. With this Trend, it's miles very feasible that Gold will growth through 24xx withinside the quick term, all and sundry. If everybody has been following current movies or comments, from these days I advocate and percentage with all and sundry the Perspective of Buying GOLD from the location 2306>2308. >Today I`m nevertheless...
Judging from the recent trend of gold, there is no doubt that the buying power is stronger, so overall gold maintains a bullish pattern.However, in the short-term structure, gold also falls sharply during its rise, which brings considerable difficulties to our transactions.I believe that in the past two days in gold trading, many people should have lost money...
After His Correction , Gold is starting to Going Up Again
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Fibonacci Level - 23.60%
Gold focuses on observing the support near 2358. If it falls below, there is a high probability that a double top pattern will appear, and the price will return to the 2347-2333 range again. When it cannot break the 2347-2353 resistance, the next space will be the 2318-2307 range.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did. CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could...
Gold prices fell amid falling US government bond yields and a strong USD. The 10-year US government bond achieved a yield of 4.4% and decreased nearly 4 basis points compared to the opening level. The USD index (DXY), which tracks the movement of the USD against 6 other currencies, is currently down 0.03% to 105.00 and is struggling here. The US Bureau of Labor...
Gold decreased yesterday, ending the previous streak of 2 consecutive days of increases. The previous day's D1 bar created an upward but weak breakout, and because yesterday's D1 bar closed below the bottom of the previous rising D1 bar, it turned that break into a false break - which could cause Gold's upward momentum at D1. stalled, even pulled back down. The...
World gold fee at the night time of May 14 became approximately 13.eight% better (285 USD/ounce) in comparison to the quit of 2023. World gold fee transformed via way of means of financial institution USD fee became 72.eight million VND/tael, such as taxes and fees, approximately 16.2 million VND/tael decrease than the home gold fee as of past due afternoon on May...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Consolidation Phase in Short Time Frame RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Bullish Channel in Short Time Frame