World gold prices this morning inched up slightly with spot gold increasing by 7.9 USD to 2,019.9 USD/ounce. Gold futures last traded at 2,021 USD/ounce, up 9 USD compared to yesterday morning. Gold inched up slightly in Thursday trading thanks to falling Treasury yields after US GDP data showed the US economy grew faster than expected in the fourth quarter...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement. Completed Impulsive Waves and Corrective Waves " A - 12345 , B - 12345 ". Bearish Channel as an Corrective Pattern in Long Time Frame.
Going short as per my analysis. well GOld was pushed strongly from the H4 resistance, pricice is continuing downwards, but has to first retrace to put out those imbalances then continue downwards. happy trading, ensure proper risk management.
Gold is still fluctuating in a range. The range is: 2017-2042. You can see that the lows of gold are gradually getting higher and the highs are gradually getting lower. Gold now faces a choice of direction, and we need to observe which way it will break through Xauusd:sell2035-2040 TP:2030-2027-2022 SL:2044 Xauusd:buy2017-2023 TP:2025-2030 SL:2013 It is...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame. Completed Impulse and Correction as Symmetrical Triangle in Short Time Frame. " 12345 " Impulsive Waves and " A " Corrective Wave Completed. Triple Top Pattern in Short Time Frame.
World gold prices increased slightly this morning with spot gold increasing by 8.3 USD to 2,028.9 USD/ounce. Gold futures last traded at 2,030.6 USD/ounce, up 8.4 USD compared to yesterday morning. World gold prices were adjusted up slightly as investors waited for a series of US economic data this week to get more signals about when to cut interest rates by the...
It can be seen that yesterday gold had strong support from 2017 to 2021, but today’s highest point was at 2037, and the previous highest point was at 2039, which means that the high point continues to move downwards Xauusd:sell2037-2040 TP:2030-2027-2022 SL:2044 If gold falls directly, we need to continue to observe whether yesterday's 2017-2021 support range...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Impulse Correction " A -12345 , B - wxy " Completed at Fibonacci Level - 61.80%. CHoCH at Demand Zone in STF. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement.
Hello everyone, it's Karina here, delighted to share with you today's updates on gold prices. At the start of today's trading session, gold experienced a slight increase, currently hovering around 2030 USD. The 1-hour chart shows an upward trend for gold, with support formed near 2025 USD. Looking into this week's outlook, all eyes are on the USD fluctuations...
Hi everybody! What do you expect about gold prices this week? As for Karina: today's gold price decreased by about 6 USD after rising to 2031 USD, following a clear downtrend on the chart. This is due to the strengthening of the USD, as the Fed is unlikely to reduce interest rates in March. This makes investing in gold more expensive due to high interest...
This week, the market is paying attention to the upcoming release of a series of economic data. The initial manufacturing and service PMI values for January will be released on January 24, followed by a series of data on January 25: durable goods orders, fourth-quarter GDP growth rate Another revision, weekly initial jobless claims, Chicago economic data, the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame. Impulse and Corrective Waves " AB " Completed at Fibonacci Level - 61.80%. Break of Structure and Retracement Completed at Demand Zone. Strong Divergence in RSI
Hello dear friends! On the last day of this week's trading session, gold had a gentle recovery with the price fluctuating near 2030 USD and marking an increase of 0.33% on the day. However, it also encountered immediate resistance in this area along with the operating zone of EMA 34, 89. The price could fall back to 2010 USD if news at the end of the day is...
Hello dear friends ! World gold prices increased at the beginning of the US trading session due to safe haven demand, amid rising tensions in the Middle East. The decrease in the USD index is a supporting factor for gold to increase. The long-term price outlook is positive for gold. But the rally will be delayed as the market tries to process the possibility...
Gold prices reversed and decreased because investors continued to take profits, as the market was preparing to receive new economic information, as well as preparing for the US Federal Reserve (Fed) to enter its first monthly meeting. 2024. Experts predict that the US economy is about to release its 2023 report, with good growth expected and stable employment....
Pair : XAUUSD ( Gold / U.S Dollar ) Description : " 1234 " Impulsive Waves will be Completed at Fibonacci Level ( 61.80% - 78.60% ). We have Break of Structure will Complete its Retracement at Demand Zone / Descending Trend Line. Bearish Channel as an Corrective Pattern in Long Time Frame
World gold prices reversed and increased sharply with spot gold increasing by 27.1 USD to 2,022.4 USD/ounce. Gold futures last traded at 2,025.1 USD/ounce, up 18.6 USD compared to yesterday morning. Developments in the Middle East boosted safe-haven demand for gold on Thursday (US time), helping gold escape its previous five-week low under pressure from changes...
Hello dear friends, let's learn about today's gold price with Karina! The XAU/USD pair traded near an intraday low of $2001 mid-afternoon in the US, as investors continued to reduce bets on a Federal Reserve (Fed) interest rate cut in March next. The CME tool shows a 52% chance of such an event, down from about 70% a few weeks ago. The reaction to the...