As of October 17, 2023, at 09:00 AM, let's analyze the current technical situation of Gold.
🟡 Gold is currently positioned at a higher low (HL) on the downtrend line. It recently encountered resistance at the Senkun Span, which is a significant level within the Ichimoku Cloud. Subsequently, it underwent a brief bearish movement to maintain its position below the...
POLITICAL-In terms of unstable geopolitical, international and regional tight escalaltion, demand of GOLD is going to be in FIRE !!! Price is going high from HTF POI this can push price higher and higher!!
Gold is respected since 1924, so we are on track. If gold goes up, take another entry on 1935, but we are now on our track, so be careful. On 27 Oct, we have a full moon, so we expect a minor low. So, it's better to exit your sell trades on 27 Oct and reenter on 2 Nov. In case gold makes a minor low, then we will again see our major low on 23 Nov at 1783.
Please...
Gold rose strongly in Friday's trading, breaking through key suppression and showing momentum through the five hurdles. The continuation of this uptrend suggests that we should continue to ride the trend next week, firmly bullish and actively long on the back of the 1900 round mark.
From the news side, the intensification of the Palestinian-Israeli conflict has...
Active consumers in the euro zone will save the economy from a hard landing. Although sluggish manufacturing, weak exports, high financing costs and geopolitical instability are holding back economic growth, spending is still rising as people benefit from a strong labor market. . The European Central Bank predicts the economies of euro zone countries will continue...
#GOLD... What a move done by market in last 5 days and today was absolutely funtastic.
In my last idea I told about 1867 as resistance area but market break his area and then make it as support and hold it 4 to 5 times and bounced further.
Week was absolutely profitable.
We all exit from gold now
Keep close now market areas tha tis 1825 to 1829
That is...
Gold and geopolitical risks
New forecast
Gold metal recorded its best weekly profits in 7 months, at a rate of about 5.31%, amid the escalation of geopolitical tensions in the Middle East region and the decline in US Treasury bond yields.
The strong weekly gains for gold came as a result of the escalation in Gaza and the increasing conflict between the...
Recently, I spotted a gold support break on the H4 chart , driving the price up to 1932.00 . Currently, the price has retraced to 1912 , hovering near a critical support level at 1896. This support level will be a key indicator for potential future price movements. Stay vigilant and consider various factors before making your trading decisions.
Traders and...
Gold Analysis October 16: War risk sentiment supports Gold price
- Fundamental analysis:
Gold had the most exciting trading session of 2023 when it increased from 1868 to 1932. The war between Israel and Hamas suddenly escalated when the Israeli government warned more than 1 million in northern Gaza to evacuate the area. Haven products such as Gold are supported...
It could be retracment of a bullish move which was given to us in last week we have a confluence of Daily Resistance level and H4 bearish orderblock and as we remember we have achieved 68% fibbo retracment also the bigger confluance we are in down trend 📉 on daily time frame but for being safe the we in this little short trade is, in last week price has broke...
Greetings traders!
We're currently observing a compelling setup in the XAU/USD pair. The price action is oscillating within a well-defined corridor. Recently, there's been a notable rebound off the corridor's lower boundary, indicating bullish momentum.
Entry Zone:
Our optimal buy-in range is situated between 1846 and 1854.
This zone is derived from recent...
Hello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
After closing at 1932 , gold may continue near 1950
Then correction , then it will continue bullish trend if price closes above 1960 , it will continue near 1980.
Keep in mind that political event will strongly influence price action, strict risk management is a must in this period.
Leave your opinion in comments.
Wish you a profitable week .
Good luck.
I present to you a possible scenario going into the weeks ahead .
Gold finished Friday 13 Oct very strong with a move that no doubt destroyed many whom were taken by surprise with the aggressive move out of 1880 back up to 1945 in one trading session .
The question is what's next? Well no one has the exact answer but here is a possible scenario which could be on...
Gold - Elliott Wave Count
Gold - Based on the current market structure, it is becoming clear that the ABC correction of Wave 2 has ended and Gold will continue to rise towards the $2400 range and beyond. Today's move indicates that the Wave 3 has already begun. However, it is important to note that if the market breaks the $1810 level, the aforementioned view...
today is Friday,I would like to remind everyone that as the weekend is approaching, the market is worried about news of geopolitical conflicts within two days of the weekend, which has led to rising market risk aversion, stimulating strong buying of gold, with gold rising to a maximum of around 1919. I informed everyone to go long gold near 1890 and 1900....
"XAUUSD: Celebrating back-to-back wins with over 450+ pips from our last two trades. This setup is the product of our recent victories!
Show some love with your likes and comments!"
TVC:GOLD
My current views on GOLD:
Short chart explanation.
This structure can be:
1. A continuation of the bigger WXY - forming another XZ correction (so the price is heading on the downside)
2. A correction at a smaller degree (ABC), finishing a potential Wave A on the downside, before bouncing forming the Wave B on the upside, potentially reaching again...
