Preferred direction: BUY Comment: The end of the previous trading week was not in favor of the US dollar , which we were preparing for and talking about during the previous week. The beginning of this week will most likely maintain this bearish sentiment for the US dollar and a short-term strengthening is expected for its main competitors, at a...
In the subwave, we're in the wave 4 , but this wave may not completed because it may goes down to the 2396 level of abc correction OR break the red line(if break, then completed) the sub-wave (5) of wave "C" of wave 3 target may target to 2473 to 2484. It's sideway now, and has a potential descending triangle pattern, let's wait and trade!
Key Points: An analyst predicts gold could drift back to $2,355 if the dollar continues to strengthen. The Federal Reserve minutes revealed discussions about potential further interest rate hikes. Gold prices declined for the third consecutive session on Thursday following the release of the Fed's minutes, which showed some officials favored raising...
Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 2371, an overlap support Our take profit will be at 2401, a pullback resistance The stop loss will be placed at2329, which is a pullback support High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all...
Dear traders! Overall, after gold updated its new ATH at 2450 USD, gold experienced a pullback to 2375 USD. Break of previous previous consolidation above $2400. Amid slowing inflation, Fed officials kept a cautious stance on interest rate policy and extended the duration of interest rate cuts longer. Gold prices have begun to experience downward pressure. From...
XAUUSD is rising toward the pivot point and could potentially fall to an overlap support level that closes to the 61.8% Fibonacci retracement However, a break above the pivot might lead towards the next resistance Pivot: 2392 Support: 2349 Resistance: 2410 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
GOLD, as I shared yesterday, has dropped deeper than I expected. With the modern Trend being absolutely at the SELL side, these days I will nevertheless watch for right and clean possibilities to SELL GOLD following the Trend. >Today I will quickly Buy GOLD consistent with the Oversold RSI Point at the M30 and H1 frames At this rate, anyone must check with BUY...
Hello all of you! Gold prices retreated during Tuesday's North American session after hitting an all-time high of $2,450. However, it fell below the April 12 high of $2,431 as the greenback recovered somewhat. XAU/USD trades around $2,420, after hitting a high of $2,433. Fundamentally, in the short term, gold may continue to be affected by bearish market...
Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest...
XAUUSD price is near the important support zones 2365 and 2355. If the price cannot break through the 2355 level, it is expected that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Gold prices are currently following a five-week upward trend, suggesting strong potential for 'buy-the-dip' trading opportunities in gold. However, for a sustained bullish trend to begin, gold needs to close above the wedge resistance at $2,450, which is an all-time high for the metal. Regaining this level could propel prices towards the $2,500...
XAU/USD has just bounced off the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 2,375.22 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 2,357.98 Why we like it: There is a pullback...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 23 May 2024 SELL LIMIT Order: $2406.90 Stop Loss: $2426.86 Take Profit 1: $2387.18 Take Profit 2: $2360.95 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Yesterday and today I have been emphasizing that gold will point its sword at the 2395-2390 area, and 2390 is coming. Unexpectedly, gold fell more than expected, touching around 2382. We shorted gold today near the 2418 and 2413 positions, hitting TP: 2407 and 2401 respectively. The profit in these two transactions was more than $11K, which is a pretty good...
Hello,Traders! GOLD is trading along The rising support line And the price is going Down now so after it Retests the support We will be expecting A further move down Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The yields within the bond market are hinting towards a reversal in Gold and potentially other metals today, however, Gold right now is sitting at the HOP level of a Bearish Alt-Bat. If GLD were to reverse here, we would see it as a type 2 return which could result in Bearish price-Action beyond just the intra week but extended to the entire macro trend as a...
Upon reviewing the gold chart on a 15-minute timeframe, we observe that the price is currently trading around $2423. It is likely that in the initial movement, we will see an increase to the range of $2428.5 to $2433. Following that, once the price enters the specified range, we may witness another drop in gold prices. All the important levels for trading have...
Hey Everyone, A big move down on gold today from the rejection at 2429. Yesterday we stated we were looking for ema5 to break either 2429 or 2413 level to open the next range. Today we got the break below 2413 opening the full retracement range like we said and this played out perfectly hitting the retracement range. We now also have a cross and lock below the...