Pair : XAUUSD ( Gold / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Fibonacci Level - 261.80%
Gold broke its downward trendline and surged last week. Yet, today, this precious metal is undergoing a correction after its rapid ascent, with its peak nearing $2200 USD. Currently positioned around $2160 USD, the metal is expected to further decline, not only providing better buying opportunities but also enhancing market liquidity and accumulation potential.
Hello traders, let's dive into the gold market, XAUUSD, today! Gold is presently oscillating around the $2160 mark in the early trading hours of Wednesday. The metal faced a considerable downturn last night as news releases bolstered the US Dollar, thereby curbing XAUUSD's ascent. Chart analysis suggests a modest recovery for gold, finding support at $2153. Yet,...
Gold prices are hovering near record highs, reaching close to $2,200 USD/oz last Friday. The precious metal's momentum is pausing as investors await a pivotal US economic data release. The US Department of Labor is set to unveil the February CPI report on Tuesday (3/12). Economists surveyed by Dow Jones anticipate a 0.4% month-over-month increase in CPI for...
U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department...
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 : Completed " 123 " Impulsive Waves Rejection from Daily Resistance Fibonacci Level - 261.8% Break of Structure RSI - Divergence
PYTH:XAUUSD Hello everyone. Brief analysis: Gold has reached the upper boundary of the channel and met resistance in the 2180-2250 zone. Most likely, we will see a correction to global support in the 2080-2030 zone Too fast movement, no resistance, need to reset...
Hello everyone! What's your take on today's gold prices? As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now. The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in...
The price of gold (XAU/USD) saw an increase to approximately $2180 after hitting a record high at the start of the new week, buoyed by a weaker US Dollar (USD) and declining US Treasury yields, which provided some support for gold prices. Additionally, growing expectations for the Federal Reserve's (Fed) first interest rate cut in its June meeting have also...
Focus on data this week On Monday, the New York Fed’s 1-year inflation forecast for February On Tuesday, the U.S. February NFIB small business confidence index, CPI data, and OPEC released its monthly crude oil market report On Wednesday, U.S. EIA crude oil inventories for the week, IEA released monthly crude oil market report Thursday, US February...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure Completed " 123 " Impulsive Waves Rejection from Fibonacci Level - 161.8% RSI - Divergence
Let's dive into this week's enthralling gold market update! Since February 28, the gold market has been on a thrilling ride, soaring to new heights only to gently return to around $2,160 per ounce in Friday's Asian trading session. Market expectations that the Fed might cut interest rates in June have injected fresh momentum into gold prices. And none other than...
Greetings, fellow traders! Yesterday, we witnessed a robust surge in gold prices, leaping from $2160 to near the $2200 mark—a swift $40 increase—propelled by a weakening USD and supportive market news favoring this esteemed metal. Currently, gold's price is pausing at $2179, following an upward trajectory. However, I anticipate a period of adjustment after this...
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 : Completed " 123 " Impulsive Waves Impulse Correction Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence
The U.S. initial jobless claims data performed poorly. The number of jobless claims was slightly higher than expected and the previous value, once again casting a shadow on the recent weak U.S. economy. The U.S. dollar index has weakened and set a recent low. Federal Reserve Chairman Powell has been The views of the testimony were also moderate, which also led...
Gold broke its down trend at 1680 and It was a great opportunity for longing and now we heading to 1815 XAU continues to push higher and trades above $1,770 for the first time in nearly three months on Friday. The US Dollar stays under heavy bearish pressure as investors cheer the soft US inflation report and heightened optimism about Chine easing coronavirus...