Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2372.191. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold was under a downtrend that it broke. Now we can expect a pullback to the support range and continue the uptrend towards targets 2352 ~ 2358.
Hi Traders ! The XAUUSD Price Has Pulled Back to The Resistance Level (2318.740 - 2333.375). Let's Expect The Bullish Scenario: if The Market Breaks The Resistance Level and Closes Above That, We Will See a Bullish Move📈. TARGET: 2372.000🎯
Gold Update: According to the weekly report from the US Department of Labor, the number of initial unemployment claims in the country has risen to its highest level since August last year. In the week ending on May 4th, the number of initial unemployment claims in the US increased by 20,000 compared to the previous week, surpassing expectations, reaching...
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 10 May 2024 BUY LIMIT Order: $2322.16 Stop Loss: $2306.41 Take Profit 1: $2337.67 Take Profit 2: $2358.29 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Trading Setup: There is a Trading Signal to Buy in Gold XAUUSD Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2307.7 ⭕️SL @ 2289.4 🔵TP1 @ 2350.0 🔵TP2 @ 2377.3 🔵TP3 @ 2424.2 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...
Hello traders. As you can see the price created the swing high inside the bearish FVG in the premium which is a high probability resistance. In addition, this bearish FVG is aligning with the C.E. of the previous monthly wick. The alternative scenario is, that the price increases to collect the liquidity above the relative equal highs. In this scenario, we are...
✅GOLD broke the key Horizontal level around 2353$ Which is a support level now And the price is going down To retest the new support From where we will be Expecting a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
GOLD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short GOLD Entry - 2368.1 Sl - 2389.5 Tp - 2331.7 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
A lot of people and traders were expecting this precious metal to fall...just looking at whats in front of you doesnt allow you to see the cogwork that moves gold, following a respective pivot off the 25% quarter level whilst also showing the inability to push below2300 for multiple days which caused a consolidation in 1+2HR but a bearish flag on 4HR which is a...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves RSI - Divergence Break of Structure Fibonacci Level - 78.60% Resistance Level
On Monday, the price of gold experienced a rebound as market participants deliberated over the trajectory of interest rates in light of recent US employment indicators. According to Friday's data released by the Bureau of Labor Statistics, the US Nonfarm Payrolls report indicated that 175,000 individuals secured employment in April, falling below market...
After analyzing the recent price behavior of gold, it appears that it may have completed wave 3 of a diagonal pattern in a zigzag form. This is followed by a diagonal pattern that could represent wave A, so we can see a recovery soon in the short term through wave B. The analysis shows that this pattern indicates pressure on prices that could lead to a decline...
Gold, Short at 2380 +/- toward wave IV ( green ) of ending diagonal pattern in wave (c) (red) by 22 May 2024.
Preferred direction: SELL Comment: The Canadian dollar stands out from other majors today as Canadian labor market data is expected to be released. Previously, we adhered to sell priority and the targets for the previous trading idea can be considered closed. Ahead of today's statistics, we remain bearish and highlight two main scenarios. Scenario №1 is...
Preferred direction: BUY Comment: The next buy transaction is being considered for the EURAUD currency pair. We previously considered both long and short positions for this instrument. Today it is not too late to join long positions, and most likely, starting from the current price, the price will go to the level of 1.64767 (scenario №1) , where our goal...
Good Evening and I hope you are well. Gold comment: Strong buying today and bulls made a higher low and higher highs. Please have a look at my chart, which contains my next best guess on what could happen. 2375ish has enough targets to be a magnet above but I don’t think we can get there without a pull-back. A retest of 2448 is still very possible. current...