As KSE 100 index is moving towards it H4 supply and will return immediately from there if we get any rejection on level we will be shorting The confluance for sell baised is on H4 break of structure as higher low was broke and move back upward and we will return from supply level
As usdchf is on its previous high and over the time it has taken a rally upwards now its going to have a rally down it could be a retracment as we can see 200EMA show that USDCHF is bullish trend and will move upward but it could be a call for reversal so we will be waiting for a bearish Engulfing or bearish harami here and will be shorting this pair as we have...
Gold is making has given a rally downwards and going to retrace to that level now am baised for long in gold the reason is on daily time frame gold is having a Support i am waiting for gold to retrace back to 1910 to 1905 level and then go long as we know gold is in bearish trend but it has a resistance level on 1920 to 1925 level then 1930-33 level also its a H4...
EurAud is moving in an upward direction lastly and follwing its daily trendline as we waiting for the retest of this daily trendline for going Long as the wait has been over and the pair has enterd in our daily trendline zone another Confluance is 200 EMA which is also showing us a buy trend and the market for this pair is Buy side we entered early but we are...
If tonight's CPI data shows that inflation has picked up and remains strong, the expectation that the Fed will continue to raise interest rates will increase, which will put downward pressure on gold prices. On the other hand, if the release data shows lower-than-expected inflation, this will reinforce the market's view that the Fed will not need to raise...
The price of gold dropped close to the resistance level of $1,900 per ounce, despite the weakening of the dollar. The US Dollar Index, which measures the dollar's volatility against major currencies, fell by 0.19% to 102.135 points. One important factor that will impact the future of gold is the condition of US banks. As geopolitical risks in Russia decrease,...
XAUUSD holds on to modest intraday gains, trading within familiar levels in the $1,950 price zone. Investors' mood improved these days, following United States (US) inflation-related figures supporting a dovish Federal Reserve (Fed). The daily chart for the XAU/USD pair shows it holds on to most of its intraday gains. Currently, gold is approaching the end of the...
Spot Gold trades at daily lows near a daily low of $1,942, as optimism reigns following softer-than-anticipated US inflation figures. The Bureau of Labor Statistics reported the CPI rose by 0.1% MoM in May and 4% from a year earlier, while the core annual CPI printed at 5.3% as expected, easing from the previous 5.5%. Gold is bearish according to the 4-hour...
Nzdjpy has taken a support on its H1 support level but as we are monitoring this pair we have a sell baised someway and thats the reason we have a trendline on H1 time frame if it goes down and touches this H1 trendline we will be buying this pair from there after a proper price action as markets are slow today but we are still in the market and monitoring this...
Silver is having Resistance on H1 and M15 tendline and also H1 resistance so its a Sell signal we will go sell in this commodity
XAUUSD gold is buy now as i can see its in a downtrend from daily to H1 Time frame, but as the confluence i am seeing i have drawn a M15 trendline which is broken with no volume candle but here comes another confluence which is 200-EMA on which price is taking support and here as i always say 2 confluences are enough to go for an idea so we can enter buy's
The gold market is seeing steady support from various central banks across countries. In the initial months of 2023, many countries have been steadily increasing their gold reserves. China has remained the largest buyer of gold since the beginning of the year, with the People's Bank of China (PBOC) having bought a net 8.1 tons of gold in April alone, marking its...
The price of the precious metal, XAUUSD, experienced a dip, reaching a low point in nine weeks. This was due to recent data indicating that the US economy is doing well. The positive data strengthened the possibility that the US Federal Reserve (Fed) may continue to pursue its current monetary policy. The US Dollar Index and US Treasury yields also contributed to...
Gold recently dropped below the 50% retracement of the March/May rally at $1,943.86 and hit a low of $1,930.20 during European trading hours. Although XAU/USD rebounded from this level, it is facing difficulty in regaining its position above it. The US Dollar is receiving support from the negative market sentiment and favorable US macroeconomic data....
Gold prices decreased today as negotiations for US government debt extension resumed. Earlier, the price of gold, XAUUSD, had gone up slightly due to a rise in safe-haven demand, as the deadline for debt default approached and talks remained at an impasse. The Federal Open Market Committee recently released minutes from its latest monetary policy meeting, showing...
Recently, gold has faced some challenges due to the increase in the value of the USD and an upsurge in real yields. As a result, gold prices have retreated from their recent highs and are approaching critical daily support levels. The primary concern here is if the trend of US rates becomes more aggressive, which could lead to a rise in the value of the USD and...
Investors are showing optimism in the medium to long term as gold prices make a rebound. This is due to the anticipation that the US Federal Reserve will ease its monetary policy after 10 consecutive interest rate hikes over the past 14 months, leading to a potential depreciation of the dollar. Despite concerns over inflation, positive data on the real estate...
Gold prices rebounded after falling to a 2-month low when Fed leaders gave reassurances on monetary policy. Fed Chairman Jerome Powell suggested that due to uncertainties in the banking sector, interest rates may not rise much, indicating a potential pause in rate hikes. This led to speculation that the Fed may not raise interest rates in June. As a result, gold...