Hello everyone, it's fantastic to reconnect with you today, especially as we dive into the topic of XAUUSD! Today, we've seen a shift in gold prices, descending from $2,054 to $2,028 per ounce by Wednesday morning. This seems partly due to comments from officials at the U.S. Federal Reserve (FED), indicating that the U.S. is still far from reaching its inflation...
Hello everyone! Today, we witness the continuing downtrend of gold prices, currently hovering around the 2023 USD mark. It's a decline of 5 USD for the day and over 30 USD since the beginning of the week. This decline is primarily attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling gold to secure...
It is important to note that the Fed is keeping a close eye on core inflation, which unexpectedly rose in December. Additionally, they monitor the labor market, with data for the final month of 2023 showing strong performance, with job creation and income accelerating and the unemployment rate falling. Although Federal Reserve officials remain cautious because...
Gold - 24h expiry Selling pressure dominated price action yesterday and we expect this to continue today. We are trading at oversold extremes. A higher correction is expected. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the...
Gold is in a critical position and we await what could be the outcome. It meant reverse or continue to the downside to 1975.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " , " abc " Corrective Pattern and " 12 " Impulsive Waves. Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line and Fibonacci Level - 61.80%. We have Break of Structure and Retracement
Hello everyone, nice to meet you again in today's talk about gold prices. Currently, gold price is fluctuating around 2050 USD and down nearly 8 USD compared to yesterday's transaction. In general, the first day of the gold week did not have much change in trend because the US market was closed during the Martin Luther Day holiday. However, escalating...
A bullish flag pattern is a continuation trend which is built by 3 steps: 1. A flag pole, the size of movement up before the tunnel pattern started. 2. A tunnel pattern going down (flag) 3. Breakout above tunnel, movement up projected the size of the flag pole. Currently, we are step number 3. A breakout above the flag roof had been confirmed. A retest of the...
The recent market focus is still on geopolitical conflicts. The current Palestinian-Israeli conflict has exceeded 100 days, Israel continues its fierce offensive, and the Houthi militia threatens to respond to the US air strikes on Yemen. This makes global investment risks continue to rise, and gold is in economic turmoil. Performance has been strong during the...
Hello dear friends, Today the price of gold is trading quite gloomy, down nearly 5 USD and trading around 2050 USD with the trend seemingly starting to move sideways as the market is quite quiet from the holiday event of banks . The next downside price objective is seen at the triangle support at $2,049. Further out, Friday's low of $2,027 could bring temporary...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves at Strong Support Zone. We have Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. We have Break of Structure and Strong Divergence
Gold prices rose at the start of the week, the metal's appeal fueled by safe-haven demand due to tensions in the Middle East, while markets bet the US Federal Reserve (Fed) will cut interest rates soon. than expected. The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond...
World gold prices increased slightly with spot gold increasing by 6.6 USD to 2,055.3 USD/ounce. Gold futures last traded at 2,059 USD/ounce, up 7.4 USD compared to yesterday morning. The world's yellow metal posted modest gains in the first trading session of the week as it continued to be boosted by safe-haven demand due to concerns about tensions in the Middle...
GOLD has tested the weekly resistance multiple time and got rejected. 15minues and 30minues are showing strong bearish price action that may lead GOLD to drop further as 4h already has formed a lquidity candle.
A clear BOS happened in GOLD. So here is my Trade setup. KEEP IT SUPER SIMPLE Manage your trades accordingly DYOR
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line. Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. Rejecting from the Demand Zone and Fibonacci Level - 61.80%
Welcome to a new promising and productive trading week! Looking back at last weekend, gold proved its strength with a spectacular Breakout, completely escaping the sideway trend and ending the downward trend. It was an impressive move from the bulls, as they not only successfully defended the key defensive zone at 2015 USD but also pushed gold prices up sharply...
Hi everybody! It's great to start the new week with this conversation with you all! Let's look back a bit at gold last week, it really impressed me. Gold glided sideways near 2030 USD and then suddenly "danced" to 2061 USD on Friday, before turning around to correct. Now, what makes me excited is the fact that gold is currently at 2050 - 2051 USD entering the new...