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...
Data showed U.S. weekly jobless claims rose moderately as the labor market continues to show few signs of a significant slowdown. The Fed held rates steady on Wednesday as policymakers considered whether financial conditions may be sufficiently tight to control inflation. The market now sees an 80% chance of another Fed pause in December, according to the CME...
After setting a short-term peak in 2009, gold has returned to correct in the 1996 area. Although there is a correction and from a technical perspective, it seems that the recovery wave will probably do better in the price ranges around 1981. Although However, the escalation of war increased support and maintenance for gold at the 1993-1989 support price...
Gold prices have risen over the past three weeks as investors flocked towards the yellow metal due to its safe-haven appeal in the aftermath of geopolitical tensions that have erupted due to the Israel-Hamas conflict, Deveya said Gaglani, Research Analyst-Commodities at Axis Securities. Prices have risen nearly 8% from lows despite the dollar index's potential...
I want to send a few small analyzes on the market to readers, please be careful when trading. Thank you ❤️ Gold rose sharply on Friday as the war situation in the Middle East continued to heat up. Israel expanded its bombing of the Gaza Strip, causing local Internet and phone services in Gaza to be cut off. Gold price increased to around the 2010 price level, the...
Gold prices were poised for a third consecutive weekly gain on Friday as the Middle East conflict kept investors drawn towards safety of bullion despite a higher-for-longer U.S. interest rate backdrop. Spot gold edged 0.1% higher to $1,986.76 per ounce by 0341 GMT. U.S. gold futures were steady at $1,996.80.
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!
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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...