Gold prices stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of interest cuts. US capacity.
Markets are also paying attention to signals from the United States, with US inflation data and a Federal Reserve statement suggesting...
Spot gold technical analysis
Daily resistance is 2350, support below is 2320-2300
Four-hour resistance is 2334-64, square support is 2320-2300
Gold operation advice: Gold rebounded after bottoming out in the U.S. market yesterday. After hitting the lowest near 2291, it began to counterattack in the U.S. market, and the highest hit near 2332. After two months of...
Spot gold continued to rebound in the short term, with the price of gold once touching $2,330, climbing nearly $15 from the intraday low. It was always difficult to break through $2335 and then fell to around $2315.
If gold prices want to reverse the downward trend upward, the outlook for gold prices remains bearish unless gold prices rebound above...
Medium-Term
Fundamental analysis:
Middle East Crisis (Iran and Israel)
They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East"
Technical analysis:
Wave C = 123.6% of Wave A
Bulls see it as a sell signal
Conclusion:
This market needs a correction
Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected.
At the end of the week GBP/USD...
If you go in the wrong direction, your efforts will be in vain; if you go in the right direction, you will get twice the result with half the effort. It is already a short trend. Go with the trend and the rebound will give you the opportunity to go short. Going against the trend is like licking blood with a knife's edge and pulling out chestnuts from the...
Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428
Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....
Friends, gold has plummeted recently, and opportunities and challenges coexist. Are you ready to welcome your victory?
Spot gold suddenly plunged nearly 40 US dollars in the short term, and the gold price just hit a low of 2295.44 US dollars.
What happened yesterday was that this important factor that was good for gold prices disappeared.
Tehran has played down...
friends
The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges?
In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading...
Gold prices are attempting a slight recovery during the Asian session after finding fresh demand near $2,355 once again. Gold prices took advantage of the softer risk tone and sustained weakness in US Treasury yields, despite recent hawkish comments from the Fed.
XAUUSD trades above 2370 and the daily chart suggests the slide could continue. Technical indicators...
During the Asian session on Monday spot gold had a GAP and opened lower, falling to a low of $2,360/ounce. Gold is mainly under pressure because tensions around Israel and Iran seem to have cooled down, which reduces risk aversion, thus putting pressure on gold prices. There are no new points in the developments. geopolitical conflict, all attacks are just in the...
Gold regained bullish traction and broke above the $2,400 mark, showing some short-term consolidation for now. Technical indicators retreated from extreme overbought levels, suggesting that some decline may be imminent in the short term. However, the possibility of a slide higher is yet to come, as XAU/USD refuses to give up while developing its moving averages on...
XAUUSD | Gold Setup Timeframe M15
This idea is based on Educational Purposes
We will Wait for break the Ascending line
Current point at 2302.00
if Gold break the 2306 point we will open our positions from that point We will hold until Resistance at 2319 break then 2339 and our End Target would be 2349.00
if this point ( 2306 ) can not break this idea would be...
Gold technical prospects are analyzed.Spot gold suddenly fell to $2,305 in the short term and then rebounded to around $2,320.
The near-term outlook for gold has turned neutral, with bulls seemingly unwilling to give up.
On Thursday, the U.S. will publish preliminary first-quarter gross domestic product (GDP) data, which is expected to show annualized growth of...
Gold will continue to fall. At present, the big negative line cannot stop it. It directly breaks through the support level of 2310. The moving average moves downward again. The K line is also suppressed again and may run below 2300.
Gold plummeted more than $50 today, and has already seen a negative trend during the day. With the market's concerns about conflicts in the Middle East further fading and the continuous hawkish signals from Federal Reserve officials, a sharp decline is expected in the near future.
As the impact of the situation in the Middle East subsided, the price fell as low...
Dear Traders,
Hope you are doing great, Gold declined from 2417$ mark and dropped significantly 600 pips on first day of the week. This implies that Gold is likely to make major correction before it rebound and continue the bullish trend. For us, we can enter now with accurate risk management and target 2300$ first and then our second target can be at $2280. The...
