Today's XAUUSD Trading Strategy! Hello everyone, what do you think about gold's direction today – up or down? Currently, our chart analysis shows that gold is in a somewhat unclear trend direction. However, the potential for an upward move is highly regarded at this moment. We should focus on two key buying levels for gold, which are the support levels at $2023...
Today's gold prices continue to enjoy support, with an increase to around $2030. Current Situation: The gold market has recently broken free from a downward trend, indicating potential momentum shifts. However, it's common for the market to experience retracements following such breakthroughs. Forecast: A slight pullback towards the trendline's support level is...
World gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital. On the other hand, the market expects gold trading to be vibrant when the top consumer country, China,...
World gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning. Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled...
Gold price today is moving around $ 2028 and is supported in the context of a British cargo ship attacked in Yemen. Since then, financial investors are concerned about escalating geopolitical tensions, motivating them to bring capital into gold to preserve capital. On the other hand, the market expects the gold trading will be exciting when China's leading...
The market has not been stable recently. As further chaos in the Middle East has increased geopolitical uncertainty, gold remains an important safe-haven asset, which has also driven gold's recent rise. The market is focusing on whether the Federal Reserve is expected to cut interest rates in March or June this year. The U.S. economic schedule this week will...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Completed Impulsive Waves and " ABC " Corrective Waves RSI - Divergence Break of Structure and completed the Retracement
In today's afternoon session, the price of gold continued its upward trend, reaching $2,030 per ounce, an increase of over $11 per ounce compared to the same time yesterday. This significant rise in the precious metal's price is attributed to China's decision to cut its basic interest rates for mortgages, aiming to rejuvenate the struggling housing and real...
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.
World gold prices continued to inch up slightly with gold increasing by 8.6 USD to 2,024 USD/ounce. Gold hit its highest level in more than a week on Tuesday as the dollar weakened, while the market awaited the minutes of the US Federal Reserve's (Fed) latest monetary policy meeting to continue its search. Look for signals about interest rate cuts. The US Dollar...
Greetings, fellow traders! As we navigate through the early hours of this midweek trading session, the price of gold is holding steady at around $2017 USD, exhibiting minimal fluctuations. A closer look at the charts suggests that sellers are gaining the upper hand. They've managed to breach the uptrend line and are now eyeing further opportunities to drive the...
The GBP/USD remains entrenched in bearish territory, hovering around the 1.2580 mark during the Asian trading session on Tuesday. The strength of the US Dollar may be attributed to improved yields on US Treasury bonds, which in turn, exert pressure on the GBP/USD pair. The downtrend continues to hold sway at the moment, receiving robust support from the dual EMA...
Hello Traders! This is my idea related to Gold. My previous forecast hit the target of 5R, now I expect a retracement, to the FVG and I will look for a confirmation in the supply area. The structure is still bearish, and my bias is for short entries. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I...
Today’s gold still needs to observe further trends. I think a safe trade needs to focus on the key price of 2022. The gold price is currently testing 2022 above and breaking 2022. We can choose to sell gold in 2032-2034. If it cannot break through 2022, it will fall back to 2022. Near 2007, we can try to buy near 2007.
World gold prices increased with spot gold increasing by 2.1 USD to 2,017.4 USD/ounce. Gold futures last traded at 2,029.4 USD/ounce, up 5.3 USD compared to yesterday morning. Gold continues to recover from last week's sell-off after testing support at $2,000 an ounce. Although gold is starting the trading week with modest gains, some analysts say it will remain...
Hello everyone! What are your thoughts on the gold price today and for the rest of the week? Will it rise or fall? Last week, gold experienced significant fluctuations, dipping below the $2000 mark, but it quickly rebounded by the end of the week and is now stabilizing around $2017. The immediate resistance level is at $2025, and with the USD weakening towards...
To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last...
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.