Gold prices surged in the latest week's trading, driven by a weakening US dollar index and declining US bond yields. Analyzing the 4-hour timeframe reveals a flag pattern formation, reminiscent of one identified in Bitcoin on March 3rd prior to its all-time highs. Currently, gold is consolidating between 2174 and 2153, presenting an opportunity for a breakout in...
Gold has tried four times to push through the top of the channel. At the same time, the dollar has broken down and is likely to test the bottom of its channel. The dollar fall should give gold, the strength that needs to test the top of its channel again, and if it closes on the daily above the channel, then look for a big move higher. It will then retest the...
gold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2037-40, support below 2030-15 Gold operation suggestions: From the daily analysis, we are currently focusing on 2037-40 suppression at the top and support at 2030-15 at the bottom. If there is no stimulus from bullish news, gold may surge higher and then fall...
Gold Price Analysis for the Week of 26/2 - 1/3/2024 • Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news. • The XAU/USD is currently trading at $2,038, showing a 0.70% increase. • Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above...
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Hello Traders, Hope you all are doing good!! I expect Gold to go Up from here. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence,...
Gold technical chart, daily pressure 2040-2053, support below 2020-2000 Four-hour pressure 2034-40, support below 2029-2020 One-hour pressure is 2034, support below is 2020 Operational suggestions: Judging from the daily analysis, the short-term pressure at the top today will focus on around 2035-40, and the bottom will further test the strength of the support...
XAU, the symbol for gold, has broken down from a symmetrical triangle pattern after being within it for 91 days. From a technical standpoint, we can anticipate a 10% decrease in gold's price based on this pattern. After successfully retesting the pattern, we can expect the first drop to target the initial level of support, which is around 1987. Stay tuned for...
Gold technical chart, 1-Day pressure 2040-2053, lower support 2020-2000 4H pressure 2034-2040, lower support 2029-2020 1H pressure 2034, lower support 2028 ✅Operational suggestions: Gold continues to maintain range fluctuations. Today, the top price continues to sell around 2042. The short-term support below focuses on around 2028-30. The bottom focus range is...
I told you in my discussion yesterday that if gold falls below 2040! Then the market trend will completely reverse to down! My friend in question followed me yesterday and today to lay out the gold sell order! This is a dead end! Gold gives a profit of 33 dollars, even if you only have 1K of trading capital, you can make 3K successfully and make a profit of 3...
The golden bear directly killed 2016 yesterday, the non-agricultural data before gold stopped to 2063, this trend makes many investors confused, we do not care about the impact of the data, look at the daily shape of gold and weekly data, in fact, it is still a big short, so we must insist on continuing to look for empty opportunities, the big cycle shows that...
Gold has been on a steep rise for the last weeks and I believe it is ready to break out the big resistance zone that is has been holding on to for a while now. I will be looking for a retest of this big zone and only then I will be looking for buy entries. Let me know what you think!
Gold is now supported by its decline, and there is demand for a rebound. The Asian market rose by $14! From the trend point of view, gold is now undergoing a shock adjustment trend after a sharp rise. It is expected to maintain a shock within the range of 2050-2080. The direction will be chosen after the shock is over! The current operation is to sell high and buy...
On Thursday (December 28), the market insisted that the Federal Reserve would not relax its expectations of a faster interest rate cut. The U.S. dollar and U.S. bond yields were further put under pressure. Gold rebounded and once touched $2,088, approaching the 2,100 mark. Gold prices climbed to more than three-week highs on Thursday as the dollar and U.S....
Gold technical chart daily pressure is 2066-2072, with support below 2040 Four-hour pressure is 2066, support below is 2040 One-hour pressure 2066-2072, support below 2055 ✅Suggestion: Gold rises again at the opening today. Today, focus on the support of 2055 below and the resistance of 2066 above. If gold does not break through the range, it will enter a small...
Gold Since October 6 2023 , the bulls have being in control of the price and even now the bulls seem to be still in control of the price. The big question that traders should ask themselves me included is that, is gold going to trade above the high it created on December 04 2023 which is around 2145.00 , now we are trading exactly where gold closed on the 4th of...
After profiting from our gold buy yesterday, the price has started to decline today after testing the 2070 resistance. The uptrend remains intact, providing an opportunity to continue buying during the dip. XAUUSD Buy @ 2055-2060 Stop Loss (SL): 2049 Take Profit (TP): 2068-2075 I have been consistently issuing signals for the past month with an accuracy rate...
Gold has continued its upward trend from last week, and this week's trading strategy is to temporarily follow the trend and maintain a long position. The previously significant resistance zone of 2050-2060 has now turned into support. Initiating long positions is advisable when the price reaches this area, with a new resistance level at 2080. Today's Gold Trading...