Its been a good pull back from the lows EURO made, but dollar is not yet done, we will see one more drop to the downside. Sell at 1.0858 target lows of 1.0788. Bears are about to attack stay safe. Use proper risk management.
My dear friends, My technical analysis for SILVER is below: The market is trading on 26.457 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 25.495 Recommended Stop Loss - 27.009 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
Today’s gold trading situation is as follows: 1.Xauusd: @2292-2294 Sell, TP:2292, Profit: +$ 564 2.Xauusd: @2295-2300 Sell, TP:2291, Profit: +$ 9318 Today is the fourth consecutive day of profit in this week's trading. The profit so far today is $ 9882, which is an increase in profit compared to yesterday's profit. I think it is very meaningful to be able to...
In our last analysis, we had anticipated the gold price to reach the 2300-2350 zone. right now the price has touched 2305$ and ranging. We believe that the price has the potential to move upward and reach the 2325-2350 zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
Dear friends, let's discuss and strategize for today's gold price! Overall, the medium-term outlook still suggests upside for gold towards new global ranges. At the time of writing the price is trading steady around $2,278, highlighting a 0.53% decrease on the day. Today's Unemployment Rate and NonFarm Claims are strong news, bringing unpredictable declines, we...
Hello dear friends! Let's discuss and strategize our new day! Overall, XAUUSD has experienced the most significant and notable price increase this year, specifically yesterday it increased in price past the level of 2265 USD. It is currently trading at a new high of $2293, after hitting $2305, marking a 0.23% decline on the day. So what comes next, higher or a...
West Texas Intermediate crude oil has increased nearly 20% since the start of 2024 and is currently trading near $86.50 per barrel. The precarious situation in the Red Sea, production cuts by OPEC (and its allies), and the inability of the United States to bring more production online fast enough have greatly contributed to the rising oil prices in the past four...
Crude Oil set a new local higher high higher close on a daily, violating a key horizontal resistance. It opens a potential for a further growth to 89.0 resistance. I would suggest looking for entries after a pullback. The safest zone to watch is a demand zone based on a broken structure and a trend line of a rising channel. ❤️Please, support my work with...
Today, the market witnessed gold prices correct slightly after peaking at $2,300 and then falling to $2,272. This is an important development showing positive fluctuations in the short term but does not affect the long-term price upward trend of gold. In the current economic climate, with high inflation and strong economic data, the Federal Reserve (Fed) will...
Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally. Gold is still in an overbought state so there may be more downward momentum in the near future. Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but...
At present, crude oil is around 86, which has reached the expected high point. Although technically bullish, this level is no longer suitable for chasing the rise. According to technical expectations, it should be temporarily suspended between 86-85. If crude oil does not stop in the short term, then the short-term market will exceed expectations, so it is okay to...
Hey traders! Today, gold continues to dazzle us, aggressively claiming the $2300 mark as its new conquest. Despite the US dollar flexing its muscles and a spike in bond yields over the past week, gold has soared, setting new record highs. A significant factor propelling this rally is the crunch in gold supply. Central banks globally have been voraciously hoarding...
🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡 and near the upper line of the Ascending Channel. 🌊According to the Elliott wave theory , Gold seems to have succeeded in completing main wave 5 . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to have a downward trend in the coming...
The world gold spot price is around the threshold above 2,255 USD/ounce, up more than 18 USD/ounce compared to the transaction at the same time yesterday morning. Closing last night's session, the world gold spot price in the US market stood at 2,253 USD/ounce, a sharp increase of 21 USD/ounce, compared to the previous session's close. The world financial market...
The world gold spot price is around the threshold above 2,282 USD/ounce, an increase of more than 27 USD/ounce compared to the transaction at the same time yesterday morning. The world gold spot price in the US market stood at 2,282 USD/ounce, a sharp increase of 29 USD/ounce, compared to the previous session's close. During the session, there was a time when the...
Preferred direction: SELL Comment: For gold , we previously gave two setups for sell, and one of them is already in work (scenario №2) . However, against the background of the upcoming potential volatility (NFP) , as well as the short-term weakening of the US dollar , most likely, it is at the very moment of the release of data on the US labor market that...
Preferred direction: BUY Comment: The British pound also remains on the buy list. Here, the expected movement for the current NFP is the same as for the euro . Growth is expected towards the level of 1.27000 , where local resistance will occur. The target is not set above this area (quite an aggressive option). But one can consider potential sales when...
FX:XAUUSD breaks records and updates the high to 2305, but technically, the implied target is still not reached. Today Initial Jobless Claims before NFP is published and the market may go into a consolidation phase. On D1 we see the dollar declining after a false break of the resistance at 104.94 as well as the downside resistance. Ahead of Initial Jobless...