Traders, In today's trading session, our attention turns to XAUUSD, where we're keeping a close eye on a potential buying opportunity around the 2375 zone. Gold is on the verge of approaching the retrace area following its breakout from a downtrend observed in the 15-minute timeframes. Delving deeper into our analysis, it's crucial to underscore the fundamental...
XAUUSD Trade breakdown On the 15 minute timeframe, price broke above the 15 minute bearish Orderblock that created the low during asian session. Once we confirmed it with a body candle close, i expected price action to retrace to our 5 minute orderblock to retest and reject off it. This was when i enter for risky buys to target higher prices. Price ran...
Silver (XAGUSD) easily broke through the 25.000 Target we set 2 months ago (February 15, see chart below) and invalidated the Triangle pattern as it is entering into a new long-term Bull Cycle: This was achieved as it broke above the 2-year Resistance Zone 1 and the Triangle transitioned into a Channel Up. Last week it hit Resistance Zone 2 and technically we...
U.S. retail sales rose more than expected in March as online retailers' revenue surged, providing further evidence that the economy ended the first quarter on solid growth. The report from the U.S. Commerce Department on Monday, combined with data earlier this month on strong job growth in March and a pickup in consumer inflation, have heightened expectations...
Yesterday's article prompted two gold long orders. The long orders entered the market all made huge profits, and the final gold price reached 2,400. The bottom of the golden four-hour line is supported by the big positive line, and the K line is difficult to move downward. The K line strongly reverses the moving average and pulls it upward, and the inclination...
"Gold had a sudden surge today, catching many investors off guard. However, just as quickly as it rose, it experienced a significant drop, leaving many traders scrambling to adjust their positions. The volatility in the market is making it a challenging day for gold day traders, as the price continues to fluctuate unpredictably. It's important to stay vigilant and...
World gold prices dropped sharply when the US announced that the March CPI increased stronger than expected, both on a monthly and yearly basis. The US March CPI rose by 0.4% month-on-month and 3.5% year-on-year, surpassing forecasts. The core CPI also increased by 0.4% monthly and 3.8% annually, exceeding expectations. US real income in March increased by 0.3%,...
Precious metals on the world market quickly lost the threshold of 2,400 USD/ounce after achieving this record yesterday. Disappointing economic data is adding to solid safe-haven demand in the gold market. June gold futures last traded at $2,421.60 per ounce, up 2% during the session. According to the report, consumers see inflation in the United States rising...
Gold prices saw a slight uptick at the close of the North American trading session, rising 0.22% after Fed Chair Jerome Powell’s hawkish remarks. Economic data from the U.S. was mixed, though Monday’s retail sales report and Powell's comments drove U.S. Treasury yields higher, limiting the gains for the yellow metal. From a technical standpoint, XAU/USD is poised...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Price hit the first target of 2390 and pushed to give indication that it wants to continue higher. It’s busy correcting now and if 2362 area holds, we can see a continuation to the upside. Buys valid above 2390
Short-term DXY Analysis: Navigating a Diamond Bottom 📈💎 The US Dollar Index (DXY) is a critical indicator for currency traders, reflecting the strength of the USD against a basket of major currencies. As of mid-April 2024, here's a concise analysis based on the current market scenario, recent technical patterns observed, and economic events: Diamond Bottom...
Hello,Friends! SILVER pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.403 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
The gold market heated up last week due to increasing geopolitical tensions. Israel is preparing for a potential attack from Iran, while Iran has vowed to seek revenge on Israel following an attack on their consulate in Damascus. This news is expected to drive safe-haven gold buying over the weekend. The US Department of Labor's report states that the producer...
Please, check our technical outlook for SILVER. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 28.764. The above observations make me that the market will inevitably achieve 27.302 level. P.S Please, note that an oversold/overbought condition can...
Hey everyone, quick take on the gold market: should we buy or sell today? Gold dipped hard yesterday below $2325 but bounced back fast, now chilling around $2383. It's close to its record high and doesn't seem to cool off. Despite the U.S. dollar and Treasury yields going up, gold is holding strong, probably because of the tensions in the Middle East and bets on...
Gold prices continued their upward trend for the third day this week, stabilizing above the significant price area of $2,371. Despite recent market volatility, gold has maintained its upward momentum, demonstrating the underlying strength of the buyers at this time. Having surpassed previous resistance levels and historical data, we now turn to the extended...
Hello wonderful friends of Ralph Benjamin! International market information today: Gold prices increased again in the context of escalating geopolitics, especially in the Middle East. It is currently trading steady around the $2,370 mark, marking a 0.58% drop on the day. Overall, geopolitical uncertainty surrounding the growing chaos in the Middle East has...