⛔️ The most important news related to gold is to be released today in the New York session. That is USD CPI DATA. This CPI DATA is the inflation data for America. These are very VOLATILE and very fast and very fast EFFECT DATA to GOLD. ⛔️ US10Y is currently down slightly to 2.94% LEVEL. It was a little CORRECTION just like we thought. The POSITIVE SENTIMENT...
- As mentioned earlier, a very important event took place at the FOMC MEETING yesterday. The US Federal Reserve has increased their rates by 50bps. Before that there was some talk among the traders about it. So after raising their rates, the US dollar weakened. This is because the USD has been BUY in the past due to the sentiment of traders on the rates they...
- Today is a very important day for XAUUSD. The reason for this is the release of the USD JOLTS JOB. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. So far, the US DATA received yesterday is slightly MIXED DATA received. But according to the INDICATOR RULES, they managed to make USD UP. - US10Y is now up to 3.00% LEVEL. It was a...
- Today is a very important day for XAUUSD. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. So far, the US DATA received yesterday is slightly MIXED DATA received. Also, GDP was very bad at DATA. So GOLD got a good DEMAND. - US10Y is currently at 2.84% LEVEL. The POSITIVE SENTIMENT for USD...
- There are some very sharp economic data to be released this week for the US dollar. Today, especially GDP DATA is due to be released. So be careful when you trade NEWYORK. ADVANCED GDP INDEX, UNEMPLOYMENT CLAIMS DATA will also be released today. - US10Y is currently at 2.76% LEVEL .. Now US10Y is DOWN. Currently, the POSITIVE SENTIMENT for USD is similarly...
gold has been showing a strong bullish bias for a while and right now price just extended our wave 4. we looking bullish opportunities. remember wave 2 is the longest wave. trade with proper risk management.
XAU/USD (GOLD) will down from 50% area of fibo or it will down from 61.8% area. We can see the price to the more downside in the upcoming days for finishing the Triangle. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count...
XAU/USD (GOLD) can go around $1846 for making a B wave of a triangle. We can see an impulsive wave on gold as a-b-c as a corrective rally for the B wave of the triangle. Gold has bounced very quickly from the recent bottom and I would like to call it's a corrective rally because we can clearly see triangle formation on a weekly chart. We are on a c wave of B wave...
i see a possible ending diagonal for gold, before it get strength for bullish moves, would recommend waiting for a clear direction. waiting for another abc to the downside for a completion of ending diagonal .
Advice For Day Traders: XAUUSD is not tradable between the range of 1766 to 1745 . They are trend changer levels. Gold's Simplified Trading Strategy: According to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold's target price 1782 - 1790+...
Hi, everyone, The gold market is in bullish sentiment. if we consider it as a start of a new impulse move of price action. We are still at 3rd wave of the Elliott wave theory. So hopefully we may see the gold price to change positions to new heights within the next few weeks. Thank you and trade safely.
GOLD has bearish from august 2020 until now. We will look forward more bearish until 1728.34 where price action should be monitored to join any upward wave ((v)) continuation.
So this is my count and projection. Only interested in buying deep 1765-1800 If it doesnt do there and wave 5 has started - then might sit this one out as wave 5 may not be that amazing! Having said that - Gold has a tendency to overshoot!
Gold is seen rising since its fall last week in a rising channel, it is either there is a breakout of this channel or a bounce up from the current region. let see how the market reacts from this current region.
Hi Traders, It seems as if price may retest the most recent high at $1611. I'm looking at this current structure as a ABC regular flat, with the expectation that wave C will come in 5 waves. Wait for clear confirmation before taking any sell positions. Regards, Wave Theorist
Gold continue its bull momentum in coming weeks. We got high volatility on gold that spoiled many traders accounts last week. Still there is NO structural sign of reversal unless a spinning top on weekly candle. I would like to make a statement here that we entered into a range structure which may last 6 weeks before breakout. I am expecting a triangle bullish...
Elliot Wave Anlaysis I've tried to keep it as clean and simple as possible, showing you all the different sub-waves and waves; impulsive and corrective, along with a couple of patterns. We can see price respecting an uptrend channel creating higher highs and higher lows; therefore we must go with the trend. As you can see, the corrective wave (ABC) has...
Two scenarios for gold: 1. Since the top at 1,357 USD gold is in a correction which usually turns out to be some form of ABC-Correction. If we are still in wave A, the following wave B should take gold back above 1,300 USD. Probably to around 1,315 USD.. After that expect another wave down which might not end before prices around 1,215 - 1,205 USD are...