H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low. Further new high has meant location of ChoCH has been brought closer to current...
Gold (XAUUSD) has technically started its new Bull Cycle after breaking above the Resistance and previous All Time High (ATH) into green overbought territory. Being overbought in such instances isn't necessarily bearish but suggests that even though the long-term trend is now heavily bullish (and should be for the next year or so), we should look for key...
Preferred direction: SELL Comment: Metals have been at the top of trends lately. It’s not surprising to have such a performance, especially in the case of gold . A corrective downward movement is expected in the near future for silver and gold , and if we are talking about the medium term, then we can already enter into sales. However, in the short term,...
Preferred direction: SELL Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD , in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500 , where the nearest support is located. It should be noted that the instrument retains the prospect of...
Preferred direction: BUY Comment: Our medium-term target for the AUDUSD currency pair has been achieved. However, the short-term outlook remains in favor of the buyer, and growth is expected towards the level of 0.66500 . There are assumptions that the main competitors of the US dollar will, for the most part, strengthen against the American before the ...
Preferred direction: Neutral Comment: Surprisingly, the price for the main coin went according to the most aggressive scenario and we are already almost the previously set goal. However, at the level of 60 000 , where our target is located, there will most likely be a reversal upward towards the level of 70 000 . Here we also should not forget about the ...
Preferred direction: SELL Comment: The Swiss currency also began to strengthen against the American dollar , although we previously noted that this currency is one of the weakest among the main competitors of the US dollar. However, for this currency pair we confidently set sell-priority and expect a fall towards the level of 0.88761. Both scenarios...
Preferred direction: BUY Comment: As expected earlier, the American currency began to adjust against its main competitors, but this does not apply to the Japanese yen . Here, as was said, the US dollar will most likely either trade at previous levels, or begin to grow altogether, as indicated on our chart. In general, both scenarios are relevant despite...
Preferred direction: BUY Comment: The aggressive behavior of buyers of the American currency forced the prices of the main competitors of the USD to decline at the beginning of the week. This affected the euro and pound to a greater extent, but the currencies of the Pacific region also sank. Nevertheless, we continue to adhere to the buy priority in...
Preferred direction: SELL Comment: As part of the upcoming weakening of the American currency in the medium term, one of the most promising currency pairs for such a trade is USDCAD . The fall is considered towards the level of 1.35000 , target №2 - 1.34000 . The more likely scenario №1 still assumes a preliminary update of the maximum, that is, a...
Preferred direction: BUY Comment: Medium-term long sentiment for the AUDUSD currency pair remains. At the moment, we have active scenarios. Let us recall that we considered two scenarios simultaneously, i.e. gradually accumulating a long position. There may be another update on local lows, but the medium term is still very confident for buyers. We are...
FX:XAUUSD has been forming a small correction towards liquidity zones since the opening of the session. On the background of strong bullish trend it is quite logical scenario before the news publication. The dollar index is testing a strong resistance before the news and a correction is possible, which will only strengthen the growth of gold. But, it is...
Hi Traders Gold price is ready Gold currently experiencing worldwide Down trend has reached its highest price ever I predict that the market will bounce back From the resistance level move towards the Nearby support level Gold sell from 2177_2183 Target zone. 2140 If this post is useful for you You can support me with like And advice comments
📊 # OANDA:XAUUSD XAUUSD Fractals Market Algorithm (april/3/2024) Fractals Price action | fibonacci | trend line | mdfxco
RalphBenjamin, hello everyone! As RalphBenjamin mentioned in last week's analysis, XAUUSD's outlook remains positive after the correction and recovery period, especially as it quickly bought back the dip and retested its all-time high ATH at 2270 USD mark yesterday. It is currently trading at a new high of $2282, after surpassing $2270, marking a strong $12 gain...
Copper is up big! We are following Mr. Copper on the TTR for a long time. This advance is not driven by a good Global economy. Something is up behind the scenes, which is very scary as this is not a reflection of the Global economy doing so well! All war metals are up…
Today’s gold trading conditions are as follows: 1.Xauusd:@2178-2180 Sell, TP:2277 Profit: +$130 2.Xauusd:@2174-2176 Sell, SL:2277 Loss: -$1055 3.Xauusd:@2184-2186 Sell, TP:2277 Profit: +$1995 4.Xauusd:@2273-2275 Sell, TP:2268 Profit: +$2150 5.Xauusd:@2168-2166 Buy, TP:2273 Profit: +$2720 There was not much profit in gold trading today, only a...
Standing at the weekend session, the world gold spot price was around the threshold of nearly 2,232 USD/ounce. Last week, world financial markets received a lot of positive information from the US economy. However, gold price only decreased in 1 session, the rest increased. One session increased to over 40 USD/ounce. At the end of the week, the world gold price...