U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department...
and Yet this move is far from over My final log target is still 8000 points away. We are witnessing #Fiat melt away in front of our eyes. Are you actually making money is the real question? #gold #silver #bitcoin
The world gold spot price is around 2,179 USD/ounce, a sharp increase of nearly 19 USD/ounce compared to yesterday's trading session. The international financial market last night received more positive information about the February employment report in the US. Specifically, according to the US Department of Labor in February 2024, the non-agricultural sector...
By checking the gold chart in the daily time frame, we can see that the price was able to grow to $2195 last week and finally the weekly candle closed at $2179! Today, we saw the price rise to $2189, and after that, gold was accompanied by a price correction and fell to $2176! Pay attention, if the price stabilizes below $2200, we can see more correction of gold!...
Pair : Copper - CU Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves at Daily Resistance
With the help & manipulation from CPI data, the DXY is now pushing within our technical bias. We saw in the previous days the $103 low's get taken which would have trapped in new sellers, now CPI has come in & liquidated them. Previous Inflation Rate: 3.9% New Inflation Rate: 3.8%
Preferred direction: SELL Comment: Metals continue to maintain a strong buy-priority, at least in the short term. A huge number of market players are trying to catch the highs and find the most profitable short entry point. However, the limit buyer continues to actively buy up all sales, thus no drop, especially any strong drop, is expected. For the coming...
Preferred direction: SELL Comment: The situation for the British pound is very similar to the situation for the euro. Here we also clearly continue to maintain sell-priority and continue to keep the trade short, according to the previous scenario. Within this week, we expect a fall to the level of 1.28000 , and against the backdrop of the liquidation of...
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a few time ago entered to range, where at once declined to the 2005 support level, which coincided with the bottom part and buyer zone. After this movement, Gold in a short time rose to the top part of the range, and then turned around and fell back to the...
Hello everyone, let's discuss and come up with a new strategy for the day together! Regarding the factors impacting XAUUSD: Gold is still in a consolidation phase around $2,180 on Monday after reaching a new record high of $2,195 before the weekend. The 10-year US Treasury bond yield remains stable below 4.1%, limiting the volatility of XAU/USD. Regarding the...
RalphBenjamin greets everyone , let's update and discuss today's trading strategy! In general, XAUUSD has been experiencing minimal volatility, primarily moving within a range of about 100 pips. It is currently trading at $2178 after reaching a peak of $2184, marking a 0.19% decrease for the day. Opportunities to sell gold have been consistently appearing since...
XAUUSD exhausting evidently around this 2185 price. Previous legs upside have rallied significantly and moves sideways (consolidated). We are now starting to see price scallop over and exhaust somewhat. LTF structure break is currently active and this could be the start of a deep correction from swing low of 2040 to swing high of 2195.
H4 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks in the short term.
Global gold has been extending its gains for the third consecutive week, with the pace of gains accelerating each week. It has broken past historical ceilings and is attempting to set a new post-December 2023 high. Recent Federal Reserve messaging and a string of strong economic data releases have significantly contributed to the rally. Last week, a much sharper...
PYTH:XAUUSD Hello everyone. Brief analysis: Gold has reached the upper boundary of the channel and met resistance in the 2180-2250 zone. Most likely, we will see a correction to global support in the 2080-2030 zone Too fast movement, no resistance, need to reset...
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block. Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios. The first one is, that the price takes the liquidity above 1.939 and then falls to...
Hello everyone! What's your take on today's gold prices? As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now. The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in...
im looking for both side range buy side and sell side, if you feel confident juts trade if you are not sure just watch OANDA:XAUUSD