Gold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday. Friday's disappointing release of the US ISM Manufacturing PMI and the University of Michigan’s Consumer Sentiment Index, along with less-hawkish remarks by Federal Reserve (Fed) officials, reaffirmed bets for a...
Gold Layout Analysis: U.S. Treasury yields consolidated their weekly gains on Friday as U.S. yields edged higher on growing expectations of tightening policy from the Federal Reserve. The 2-year U.S. Treasury bond yield is 4.99%, and the 5-year and 10-year yields are 4.40% and 4.26% respectively. The yields on government bonds of these three different maturities...
Guuuys, I have already predicted a local bearish movement on Gold this week. I think that one more is ahead. The price is currently approaching a strong resistance. From that a trend-following movement will follow. Target level - 1904 please, support my work with like!
AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
HI people ! Currently we are in 5th wave of Elliot wave (A,B,C,D,E) gold Cycle and we soon should see correction So here are quite Possible scenarios BULLISH SCENARIOS :- 1- The price can pull back to 1778-1782 Area and move the next leg up Targets ( 1835 1856 1920 1972 2070) . 2- The price can break 1810 and Target the levels ( 1835 1856 1920 1972 2070) . 3-...
BUY on Close above 1645.70 BUY TARGET 1=1651.60 TARGET 2=1658 SELL on Close below 1632.00 SELL TARGET 1=1625.70 TARGET 2=1620.70
BUY on Close above 1665.10 BUY TARGET 1=1669.70 TARGET 2=1673.30 SELL on Close below 1657.50 SELL TARGET 1=1650.40 TARGET 2=1644.40
1)Weekly Swing rejecting at Golden Ratio 0.618 1730 2) BUY RANGE 1735 AVG BUY RANGE 1730 3) Close Partials at Target 1=1770 4)Target 2=1800 STOPLOSS: IF 4hr below 1720 close Exit from this Trade then this setup will be invalid
Hey Everyone, Another FANTASTIC day of trading!! We called the retracement yesterday to about 1927 and then targets to 1931, 1940 and 1944, which played out perfectly. We waited patiently for the drop and took the buys to a perfect EXIT at 1944 safely before the drop. Executed perfectly start to finish!! (SEE LINK TO RELATED POST BELOW) We are now sharing the...
There is no economic report till the US season today for gold. Gold might be downtrend before the US season as it breaks below the trendline support, and 100 and 50 SMA creates a death cross. Gold price is hovering near to its 200 SMA. If gold price breaks below 200 SMA and stabilizes below $1907, it may test again below $1895/1890. On the other hand, at...
Hey Everyone, After an awesome finish to last week we would like to wish everyone good luck for the week ahead. We have updated the H1 Goldturn trading levels and targets. We remain Bullish and our setup allows us to take buys from support levels within the retracement range and even the swing range with low exposure. 1974 will likely be challenged on market...
Hey Everyone, Another awesome day of buying dips from support confidently with our Bullish setups, all thanks to the Bullish structure of the 4H CHART. We had the Goldturn created above 1890, which gave us the confirmation to buy at that level every time the price dropped. However we maintained discipline and only took the buys with signals. Once we saw the...
Hey Everyone, Please see 4h chart. TARGETS 1903, 1912 RETRACEMENT TARGET 1881 SWING RANGE 1855 We remain Bullish buying dips. 1903 is our next target but we have outstanding retracement target to 1881. We have already banked our buys and now staying out for the remaining trading day and closing the week on a high!!!! Chasing a trend all the way to the...
Price resisted and rejected at 1790 level. We expected this level to hold and it did. We also have a clean break outside the Goldturn channel. We may see a test on 1778 Goldturn support level, which falls just outside of the channel and in line with MA200. MA50 has also crossed over MA200 confirming some further move up. If both these levels cross and price...
Hourly Chart The market has geared up for a range breaker movement and the leading setup and structure at this point will point towards a clear direction. However we try and minimise our positions during this time of the year, as the market tends to disconnect from a technical sequence. The price is currently challenging the top end of the Goldturn descending...
We have drawn our support and resistance levels using our gold turns. We can see areas of support for retracements, which we will look to add to our longs and close and shorts. We are looking for these levels to be tested with EMA5 for further confirmation. We already have advanced signals confirming these moves from last week. We are now breaking down these...
Hourly Chart Update Price failed to break 1868 and as we expected retraced to look for support at ma63 (red line), which it did. This is the first level of support after 1852 in line with gold turn at 1846. If price fails to support on this level we are expecting 1832 to be HIT. We are then expecting some ranging movement between 1832 and 1852 before another test...
4H RANGE 1830 to 1826 1818 level has been hit. EMA5 challenged 1806 on market close. We are looking for EMA5 to break this 1806 level. Once this level is broken and secured by EMA5, historically price tends to then sit between 1806 and 1816 and range sideways. We are then expecting EMA5 to break and close above 1816 for price to break open 1830. Once we see...