Pair : XAUUSD ( Gold / U.S Dollar ) Description : Making Impulsive Wave " 2 " After Corrective Waves " ABC ". Bearish Channel as an Corrective Pattern in Short Time Frame , Rejecting from Fibonacci Level - 50.00% to completed " 2nd " Impulsive Wave and Retracement for Break of Structure Entry Precautions : Wait until it complete Retracement and Rejection
Hey guys what's up Brandon here, Ekatatrading. Today I wish to discuss my sell on GOLD. I sold because 1. Gold is a bearish market and my LAW says to never go against the momentum unless a reversal is clear Reversal wasn't clear, momentum was bearish so sells it was. That being said around the time of me observing the GOLD market it was approaching the previous...
Yesterday, Federal Reserve Chairman Powell spoke publicly again, saying that Fed officials are not sure that interest rates are high enough to end the inflation war, and that the help they can get in expecting improved supplies of goods, services, and labor to reduce price pressures may be nearing the end. After Powell's speech, traders postponed their bets on...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame with the Break out of the Upper Trend Line and it is making its Retracement and " B " Corrective Wave after Impulsive Waves " 12345 ". Break of Structure / CHoCH Entry Precautions : Wait for the Retracement and Rejection
Due to the recent hawkish rhetoric of Fed policymakers, everyone hopes that the Fed can achieve its goal of suppressing inflation, so gold prices fell again on Wednesday. Pay attention to the data on U.S. unemployment benefits today Today, gold fell as low as 1945, and the position of 38.2% of the Fibonacci retracement in the upward period from 1810 to 2007...
World gold prices this morning reversed to increase slightly with spot gold increasing by 8.4 USD to 1,958.2 USD/ounce. Gold futures last traded at 1,963.5 USD/ounce, up 5.7 USD compared to yesterday morning. The slight weakening of the USD in the evening trading session of November 9 (Vietnam time) slightly increased the appeal of gold to buyers holding other...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and it will complete its " A - 12345 " Corrective Wave at Daily Demand Zone or Fibonacci Level - 161.8% and it will also complete the Retracement for the Break of Structure / Bearish Channel at Same Area Entry Precautions : Wait for Proper Strong Rejection Price Action Confirmation
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.
OANDA:XAUUSD TVC:GOLD ⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with any...
Kashkari, chairman of the famous hawkish Minneapolis Fed: If necessary, the Fed will take more measures on interest rates. The FOMC did not discuss the content of interest rate cuts. Dovish representative Chicago Fed Chairman Goolsbee: If long-term Treasury yields remain at a high level, it is likely to be equivalent to tightening policy. The first task to...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Consolidation Phase as an Corrective Pattern in Short Time Frame , It is Possible that it will Break the Lower Trend Line to Complete its " 12345 " Impulsive. If it Rejects from LTL then Buy. Completed Impulse and making " A " Corrective Wave Entry Precaution : Wait until it Breaks or Rejects LTL
Gold futures price delivered in December 2023 on the Comex New York floor decreased by 15.1 USD, equivalent to a decrease of 0.76% to 1,973.5 USD/ounce. Gold experienced an impressive October and a historic month for this market, closing at a record high with an increase of nearly 7%. However, according to analysts at the World Gold Council, this precious metal...
As gold retraces, attention turns to support zones around 1,953 to 1,947 and key moving averages, while investors watch for signs of recovery. Gold confirmed a breakdown from its small rising trend channel today as it fell through the lower trendline of the pattern and yesterday’s low of 1,977. Weakness was further confirmed on a drop below last Wednesday’s minor...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line , It will Completed its Retest from Previous Support or after BOS. Completed " 12 (123) Impulsive Waves. RSI - Divergence Entry Precaution : Wait until it Complete its Retracement and Reject
The dollar fell slightly in early European trading on Monday, extending last week's losses to a six-week low after the Federal Reserve became less hawkish. At 03:20 ET (8:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, fell more than 1% last week, the biggest decline since the middle of last year. It...
Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns. Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and Corrective Waves " ABC ". Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line and Making its Correction / Retracement for Channel and Break of Structure Entry Precautions : Wait until it Breaks or Reject LTL