Gold has struggled against this central bank headwind and is sitting on a prior level of resistance turned support at $2,009/oz. This week’s sell-off has driven the spot price through both the 20- and 50-day simple moving averages, adding to the negative tone. We noted in the article above that $2,009/oz. should hold a short-term sell-off and while this still...
Hey Everyone, Piptistic finish to the day for us with our swing range doing exactly what it says on the tin. Yesterday we had Ema5 cross and lock below 2036 retracement range, which opened the swing range 2020 and 2005. - Both of these levels were hit We then advised that we would need to see ema5 cross and lock below 2005 to open the support structure or a...
HELLO FRIENDS As i can see Gold is now return in bearish Trend and we always follow the Trend because Trend is your Friends Investors are looking for more cpeaper price to hold Gold in Long Term for 2024 so if the breakout happen we will enter with no emotion and no fear and hold till Design levels its just an trade idea share you thoughts with us Stau Tuned...
Gold price (XAU/USD) has executed a short-term recovery move in the midst of a persistent downtrend. Gold price printed a fresh monthly low near the psychological support of $2,000 on Wednesday, then bounced. Yet despite the rebound, the precious metal remains on the backfoot as investors continue to worry about when the Federal Reserve (Fed) will start its long...
Gold Setup on Fundamental New | H1 timeframe Welcome Back Traders ! -Todays at a Same Time 4 High Impact news going to happened -This idea is based on Educational Purposes -In Last FOMC and CPI news gold use the same move -Strong Resistance at 2015-2020 if these news tried to break this zone we furthermore expected 2028-2030 point - But Remember overall plan...
The yesterday's retail sales data turned out to be very bearish for Gold. The price violated both a solid rising trend line and a key horizontal support on a daily. The broken structures compose a supply zone now. We can anticipate a further bearish continuation. Next support - 1979 ❤️Please, support my work with like, thank you!❤️
Hey Everyone, Update on our 1H chart idea from yesterday. Ema5 cross and lock below 2036 retracement range opened the swing range 2020 and 2005. Both of these levels were hit, as analysed and both provided the expected reactional bounces for 40 pips, as stated throughout. We will now need to see ema5 cross and lock below 2005 to open the support structure or a...
Gold broke under the 1D MA50 for the first time since October 13th and turned bearish on the 1D technical outlook (RSI = 41.420, MACD = 1.310, ADX = 35.745). The pattern that has emerged is a Channel Down with the price near its LL bottom. Consequently we expect a short term rebound to retest the 4H MA50 and then a new bearish wave towards the S1 level (TP =...
After a breakout of a resistance line of a bullish flag pattern on a daily, Gold is currently retesting that. We can see a perfect confluence between a horizontal support and a falling trend line. A bullish movement may initiate soon. Your bullish confirmation can be a bullish breakout of a falling parallel channel on an hourly time frame. Patiently wait for...
Hey Everyone, Today we saw 2051 cross and lock below opening the retracement range, which was HIT. The retracement range then gave the 30 to 40 pip bounce, as part of our plans to buy dips from weighted levels. Ema5 has now also crossed and locked below 2036 retracement range opening the swing range levels 2020 and 2005. A cross and lock below each level will...
Gold price (XAU/USD) witnesses a sell-off after failing to reclaim the weekly high above $2,060. The precious metal drops as investors reconsider the timeframe in which the Federal Reserve (Fed) may reduce interest rates. This comes after the release of the sticky Consumer Price Index (CPI) report for December, as well as hawkish comments from European Central...
Hey Everyone, Great start to the week with our first bullish target hit on market open at 2051. We were able to take 30 pips from the retest for a easy catch. Ema5 has now also crossed and locked above 2051 leaving a gap open to 2063. We will need to see price and ema5 maintain position above 2051 for this continuation into 2061. However, if we see a retest at...
Gold price is aiming to reclaim weekly high as bets supporting Fed rate cuts deepen. Fears of stubborn US inflation have faded after a surprisingly soft PPI report. Deepening Middle East tensions have improved the appeal for safe-haven assets.
The price retest and broke through they level 2050. if the bulls hold the level, the price will continue to rice towards 2150. I'look for a pullback to the rang zone. I think the price can go up. because it is gaining bullish momentum.because formed a rally at the end of last week and broke the resistance of the downtrend. my goal is the resistance and liquidity...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2051 for a immediate bullish target and 2036, as our bearish retracement target. We will see price...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2061 for a immediate bullish target and 2042, as our bearish target. We will see price range between...
Hey Everyone, Quick update on our daily chart idea, which is playing out and respecting the channel dynamics. As stated last week we were seeing price test the central zone of the channel, which we highlighted to show the flow of the historical challenges in the channel. We were expecting a likely bounce from this support zone inline with historical patters,...
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We the tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test,...