Gold is currently volatile for many days. If gold rebounds in the 2028-2032 range again today, then I think gold will first rise to 2037. After breaking this range, it will continue to rise to 2048. If gold fails to rebound in 2028-2032. Then gold will form a double-determined trend and fall all the way to the 2018-2022 range. So the trading strategy I am...
Expect weakness from gold. Gold will start going up when fed decides to cut rates. I expect it could happen in H2 of 2024.
World gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning. World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. In particular, the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure and Retracement Rejection from Resistance Level Completed " 12345 " Impulsive Waves RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame
From the 4H chart, we can see that gold has strong support from yesterday’s moving average. As long as it breaks through 2040, there will be some room for growth. The upper resistance range is 2045-2049, 2055-2058 In an obvious upward trend, we cannot sell blindly and wait for a suitable range to sell. Or wait for an obvious support range to buy You can make...
The U.S. Bureau of Economic Analysis (BEA) will release the revised gross domestic product (GDP) value for the fourth quarter of 2023 on Wednesday, and the market is not expected to revise the initially announced annualized growth rate of 3.3%. The January Personal Consumption Expenditures (PCE) price index will be released on Thursday. The core PCE price index...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " ABCD " Corrective Waves Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure and Retracement Bearish Channel as an Correction in Long Time Frame
Greetings to all dear colleagues, let's delve into and strategize for XAUUSD this week together! As the trading session kicks off, gold is showing remarkable stability, priced around $2033, virtually unchanged from its last closing figure of $2035. Looking into the forecast: From a technical analysis standpoint: The Bollinger Bands are highlighting two...
Warm greetings to all splendid friends, let's explore today's gold prices together! Currently, gold is hovering around $2031, marking a slight decrease of nearly $4 from the last closing on Friday. It's evident that after a significant uptick, gold is undergoing a correction, moving towards approximately $2030—a new support level established after breaking...
World gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term. Kitco senior...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello Traders! This is my idea related to GOLD H1. I see that we are in a bearish channel and at the moment, I would like to see a retracement from the resistance level. I will look for a short entry if I will see a confirmation of a bearish market structure. I expect that we will reach the PWL and my target is 1975. Traders, if my proposal resonates with you...
The position report of SPDR Gold Trust, the world's largest gold ETF, shows that the institution reduced its holdings by 2.01 tons again yesterday. This is also the twentieth time this year it has reduced its holdings. Fed Governor Waller said in a speech that Fed policymakers should postpone interest rate cuts for at least a few more months to see whether the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel in Long Time Frame Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement Completed " ABC " Corrective Waves
Today, the USDJPY is trading around the 150.30 mark, showing little variation from its position at the same time yesterday. In this context, the Japanese Yen remains on the defensive amidst the Bank of Japan's (BoJ) policy uncertainties. Japan's flash PMI indices have not made a significant impact on the JPY's upward trend nor provided any substantial support....
Hao, you, today EURUSD is trading around 1,082 and still keeps the recovery adjustment on the price channel. However, EUR/USD slipped to the average level before the late breakthrough on Wednesday after the US Federal Reserve (Fed) published the latest minutes to show policy makers to continue. Focus on discount risks.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Rejecting from Fibonacci Level - 78.60% and Daily Demand Zone Completed " 12345 " Impulsive Waves