In the previous analysis that was published, it was mentioned that the path for upward movement had become smoother. However, with the price being at the upper boundary of the ascending channel, we were looking for entry points at lower areas for buying, but the price experienced buying pressure and broke the channel from above. We are still looking for lower...
xauusd gold The possibility of gold falling to the price level of $1,600 is very likely due to the contractionary policies of the Federal Reserve and the continued increase in interest rates to the level of number 6. This week's PMI statistics also showed the continuation of the inflation trend, which predicts the strength of the dollar in the next month.
REASONS FOR BUY SETUP 1. GOLD bullish momentum/bull run, forming higher highs and higher lows. 2. LIQ GRAB caused by NFP both on the upside and downside. 3. FIB ZONE tapped----the 79% and 70% zone was taped and market seems to be holding. 4. 1HR DEMAND zone tapped.
Hello Dears Due to the correction of the price in the dollar index and also the reduction of the upward momentum in the gold trend and hitting the resistance zone We expect the price of gold to take a short break This correction can be up to the bottom of the ascending channel or the price of 1930. Note that if the price correction has a high momentum, there...
hello traders after an analysis on xauusd my opinion of gold is bearish after a turbulent friday caused by NFP and unemployement rate fundamentals the daily candle closed as a inverted hammer indicating a bearish sign the candle rejected a bearish trendline gold has been following for a while now. the last two weeks of august gold started a correctional...
Since the day before yesterday and yesterday, I have been insisting that I must short gold, and I guarantee that I will make money. Although gold has risen in the short term today, I have been reminding everyone that if gold fails to stabilize above 1950, gold will inevitably fall. Sure enough, gold fell below 1940 and touched my expected target of 1936....
Gold layout analysis: The gold 1921 empty order that was laid out last Friday. Precisely control the entry position, and perfectly won the weekly closing of last Friday. Congratulations to the fans and friends who have followed the strategy. Gold opened at 1916 on Monday. Last week, the trend of gold went out of the trend of long first and then short. The...
On Monday, the gold 1923 empty order was placed, and it rushed all the way to the 1926 line in the evening. After the empty order entered the market, it fell back to the 1917 position in the early morning, giving the opportunity to leave the market. The overall volatility in the Asian market is not large, and the Asian-European market has remained in a situation...
Gold layout analysis: The white market fluctuations on Friday are still sideways, and there is not much room for operation. We continue to wait and see. Focus on the non-farm payrolls announced in the afternoon. According to the results released in the past, the value of the non-farm payrolls announcement in the evening is expected to be greater than the...
GOLD in Selling Position Technically but Today's NFP can change everything. 1- Daily broken trendline retesting. 2- Daily Upward Trendline Rejection. 3- Fab Retracement at 61.8 4- Bearish Divergence at lower frames. 50 RSI of H4 Over bought.
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Yesterday I judged that gold has entered the overbought zone, and the resistance point is at 1950. The U.S will announce the number of initial jobless claims and the annual rate of the core PCE price index today, which will affect the trend of gold. Today, the volatility of gold is still very small, obviously waiting for the news before choosing the...
This week focuses on non-agricultural data. After the hawkish stance of the Federal Reserve Chairman last week, focus on whether the employment data can demonstrate the resilience of the US economy and provide support for further interest rate hikes. In addition, focus on the speeches of several Fed officials and the announcement of the European Central Bank’s...
International gold prices continued to fluctuate and rise on Tuesday. The rise in gold prices on Monday was mainly helped by the fall in the dollar and U.S. Treasury yields. The market continued to digest Powell's speech last week. The focus will be on Thursday's U.S. personal consumption expenditures (PCE) price index report and Friday's U.S. non-farm payrolls...
As is said in my previous anylisis that Gold will move to its 1946 level which was a key level for gold for two bug reasons one was we were having a Daily trendline and the 2nd one was H1 resistance level now the two confluance made us think that gold will reach its 1946 to 48 level and For today we are still BUY baised as we are watching Gold prices we can...
1. Potential Bullish Trend. 2. Dollar will be strong in near future. 3. Short term pressure. We are looking to go Short on this pair, As the price is heading towards the resistance zone. We will look for confirmations on the lower time frames.
#GOLD... Market trade above 1942 through out the day, that was our area and we discussed in our perveious idea, Now we have expected range arround 1938 to 1947 before NFP, Any further move will start after sustained breakage eitherside. Upside and downside areas are mentioned. Trade wisely Good luck
Will Gold break or drop? 1-The XAU/USD is testing the resistance of the bearish channel. 2-There is also resistance at 1950: double rejection - Wednesday and Thursday. 3-The medium-term momentum is bearish. 4- There is no RSI bullish divergence. Conclusion: Gold would likely drop to 1900!