GOLD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GOLD Entry - 2320.9 Sl - 2303.2 Tp - 2352.7 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Preferred direction: BUY Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about...
Gold flipped $2310 resistance to support zone after a brief break out, and it clearly shows how the price is following the trend line. Expecting the price to retest $2400 - upper limits of the triangle.
Preferred direction: BUY Comment: Since last week, we continue to follow to the buy-priority for the euro . Last week passed mainly within the balance of 1.06000 - 1.07000 . For the coming week, we highlight two scenarios, where the most likely scenario №1 says about an increase from current prices. Scenario №2 is quite aggressive on the part of the...
The XAU/USD pair is showing bullish momentum, with the weakening US dollar and global economic uncertainty driving up the price of gold. Technical analysis also supports a bullish bias. Day traders may consider going long on the pair, but should exercise caution due to gold's volatility and use proper risk management techniques. Entry: 2323.28 SL:...
Hola Platinum Robbers, This is our master plan to Heist Bearish side of PLATINUM XPTUSD market. kindly please follow the plan i have mentioned in the chart focus on Short entry, New entry traders pls enter only in pullback of smaller timeframe then enter to rob the money. Our target is Green Zone that is High risk Dangerous area Consolidation will happen. Be safe...
Hello dear traders! The XAUUSD correction continues to build. The price broke through the $2356 support level as we expected as measured by the 0.5 Fibonacci. The price quickly dropped to 2,300 USD and stalled above this level for a few hours. At the time of this article, the price was trading stably at 2,309 USD, marking a decrease of 0.75% on the day. It is...
Preferred direction: BUY Comment: Metals , on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver , the price approached important support at the level of 26.50 , from where last time we recorded a...
In the monthly time, as mentioned in the previous post, after the correction in the form of a smaller valley that formed the cup pattern, it completed the correction wave 4 and is currently in the ascending microwaves of wave 3 of 5, which as In the daily time frame chart, it can be seen that it is moving in an ascending channel, which is currently broken from the...
Upon examining the monthly gold chart, it appears there could be a significant price drop, a secondary scenario in our analysis. We don't foresee a 50% decrease in the near future, though it's not impossible, especially if the market downturn affects all sectors, including gold. It's crucial to consider all possibilities due to market unpredictability, even a drop...
What everyone needs to pay attention to in the near future is further news on the situation in the Middle East and economic data from the United States. The geopolitical situation has slowed down. For the time being, Israel, Iran, and Hamas have no radical actions or battle plans. The market is a little calm, and the safe haven of gold is not so obvious. In...
Market Analysis PT1/2 (24th April 2024) XAUUSD Analysis On the 1 hour timeframe, Price action has rejected off a daily orderblock couple with a weekly bullish Fair value gap, creating a bullish Change of Character to the upside. This means that there could be potential intentions of price creating a potential bullish market structure shift on gold,...
The gold K-line once reached around 2290, and then directly rose to above 2330. This was an obvious bottom rebound, and the bottom was more solid. At the same time, the Middle East was once again unstable, and conflicts between Iran and Israel occurred from time to time. The golden four-hour line is also supported at the bottom. The K-line starts from directly...
During the Asian session on Monday (April 22), spot gold had a gap and opened lower, falling to a low of $2,370/ounce as of press time. Gold is mainly under pressure because tensions around Israel and Iran appear to have cooled, which has eased risk aversion, thus putting pressure on gold prices. On April 19 local time, Israeli Army Radio said Israeli security...
XAUUSD is rising toward the pivot point close to 38.2% Fibonacci retracement and could fall to a support level However, a break above the pivot might lead to an ascent towards the next resistance close to 61.8% Fibonacci retracement Pivot: 2337.75 Support: 2306.43 Resistance: 2361.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
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 25 April 2024 SELL LIMIT Order: $2327.62 Stop Loss: $2337.64 Take Profit 1: $2317.85 Take Profit 2: $2304.86 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price broke $2170 level and started to trades in support area, after which made upward impulse. Price one more time broke $2170 level and later made correction movement, after which started to grow in a rising channel. Inside channel, Gold rose to $2300...
Traders, In our assessment of gold, we've identified crucial zones that warrant close attention: Strong Reaction Zones: Anticipate significant market reactions at these levels. Initial Take Profit (TP): The first TP may represent a relatively weaker point. Trend Change Potential: Breaking above the top zone or below the lower zone has the potential to alter the...