2052 2058 2064 Gold price is up rising fed rate cut speculations in 2024
oil showing big rejection in previous strong horizontal support zone
there big confusion between fed and market because of that gold is not breaking above 2050 nor it is going below $2000 neckline is big horizontal resistance breakout of neckline is necessary for new bullish trend on h1 time frame from 1973
gold price went form 1810 to 2148 in just two month this rally shocked everyone what was most shocking instant reversal from all time high which nobody expected abc wave has now retrace 50% near 1980 that is why you are seeing intraday support near that level gold next move from depends on fed fomc today , which will decide gold will go 1930 or retrace back to 2007
last time fed give hawkish speech but still gold spiked to 2150 now back again below 2050 nfp news tomorrow will decide rate cut speculation in march is right or wrong march rate cut will decide gold will go back to 2150 or 1900
gap up says many thing survived fed tapering strong dollar fed aggressive rate hike in history of globalization only true competitor to usa supremacy still all of this euphoria can't escape global recession
usdjpy pair is going constantly because big rate deference between boj and fed price has made a parallel channel and now testing lower white line if trend line holds as support then new higher high can break 151 resistance if trend line breakout then 144 first big support level
since war news gold price are flying bulls fomo has reached at maximum level but price is still trading inside a parallel channel high 2052 is first big resistance level for scalpers
bitcoin price are up this year gold collapsed two times this year in big way but bitcoin has been very strong if ending diagonal lower trend line breakout then you can say trend has peaked
gold price are coming down from high 2009 price made new low 1931 after fed said we will not hesitate’ to tighten again if needed hawkish fed almost killed gold last week this week cpi will decide major change in gold price falling wedge chart pattern is completed lower trend line tested break above 1971 will confirm trend reversal
after recent fed fomc dollar is down so the gbpsud is up white trend line is big dynamic resistance if breakout then you can expect trend reversal and first horizontal resistance red line at 1.23109
most of the fomc member suddenly turned dovish after bond market selloff since then gold is flying and now rising with at white trendline before fed chair speech today this rising white trendline is a big dynamic support level while resistance is 1980 and no big support before 1908 on hawish fed it can make sharp correction or if fed also turn dovish like...
gold price made triple top at 2080 after may fomc meeting since price are coming down but in July fomc fed forecast two more hike but since that fomc it is sideways now in September fomc fed also has doubt on soft landing and price is making symmetrical triangle correction for breakout 1908 and 1938 are big support and resistance
usd is rising every week inside the parallel channel now testing upper line of the channel trend bullish until lower line of the channel breaks
gold correction was started after 517 strong nfp nice than it is sideways, market was confused between hard landing and soft landing now correction is completed and not much room inside the traingle pattern soon we will see breakout for upside breakout - level 1980 for downside breakout - level 1800 big news this week fed fomc higher for longer bad for...
silver price are down since may fomc now price heading towards a key support level 22.246 you have one trendline, horizontal support and fib zone - total three types of support at the same time
oil price are coming down since biden selling their SPR and price has made new lower low after abcde triangle correction breakout on fear of recession in economic super power usa but new temporary QE has given full fuel to fed pivot if price makes bottom at $65 and break about $93 than it will be stagflation 2.0 low growth and high inflation
euro dollar is coming down since dollar has been strong price is making lower low with lower high a perfect down trend until it ends price action has also made falling wedge chart pattern now testing lower white trendline with hammer candle stick today fed speech big news