During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the...
Hello all dear traders! Gold prices struggle to gain any meaningful traction and trade within a tight channel near $2,300. The Fed is less hawkish outlook dragged the USD to a multi-week low and supported XAU/USD ahead of key US NFP data. In the current context, the possibility of price increase is possible but it is unlikely to last long as it approaches the...
Gold price trend changes during yesterday's US non-farm payrolls news. Golden track: 2294--------2320.7--------2277.5--------2302 As I said in my last post. We divide it into two ranges 2280-2230. Transactions other than 2280-2230. The previous pressure prices were 2292-2295 2280-2283 2317-2319. Therefore, we can sell high and buy low to complete yesterday's...
Hello everyone, Brian here. Today, gold ends the trading week hovering around the $2,300 mark during the Friday session in the U.S. The 10-year U.S. Treasury yield remains just below 4.6% following weak U.S. data. Despite this, an improved risk sentiment has prevented XAU/USD from gaining any significant momentum.
XAUUSD trading strategy: In summary, after being under profit-taking pressure around the 2400 USD level, XAUUSD is still continuing to stabilize in a descending price channel on the H4 chart, which shows that the medium-term outlook tends to be favorable for the sellers gradually become stronger. The current fundamentals are negative and it is likely that the...
Hello all dear traders! Prices continue to consolidate around the 2,300 USD area before the news that NFP is about to be released. The fundamental and technical overview is down. What should we expect next? As it is scheduled news today, anything could happen, such as a shake towards 2328 before a further drop to 2250 or an attempt to break trend resistance.. .
Gold prices reversed their gains after initially recovering above a key support level today, with momentum hindered by persistent expectations of higher U.S. interest rates over an extended period. The precious metal briefly returned to the $2,300 per ounce mark in overnight trading following the U.S. Federal Reserve's indication that there would be no immediate...
Gold, Daily - Indicators with Fibs Overlay: Let's assume that the long extension will fail as a result of the Daily short that has traded. This target is 2260.15 . . . we have intraday fibs that take us to nearly that level. We have been ranging just above support for the past 4 days, which does lead me to think that eventually the trend may be down on the daily ....
Introduction - This continues directly from NFP SWING 2315-2275 POST. Details - This is a sharper move down that carry more bearish implications for intermediate outcomes. Let's get this up first and continue from there. I am keeping this post public until I fix the tg link problem. For whatever reasons, it is not letting people join so, kind of a nightmare...
I'm selling gold because of these reasons:
Gold is expected to rebound from Friday's downward trend and continue its bull run, possibly reaching $2600 per ounce when the New York session opens on Monday. Investors may seek to withdraw funds from the market, but potential reversals could offer opportunities to collect more liquidity. Tensions in the Middle East, particularly between Iran and Israel, could...
🌟🎉 Celebrating Milestones: We've Hit Our First Target Resistance Level at $2332! 🎉🌟 Dear Followers, I am thrilled to share some fantastic news with all of you! Our journey in the gold market has reached an exciting milestone as we've successfully achieved our first target resistance level at $2332 🚀💰 What a joyous moment to celebrate together! This achievement...
Title: 🌟 Seizing a Golden Opportunity: A Bullish Outlook on Gold 🌟 📈💰✨ Dear Followers! ✨💰📈 I'm thrilled to share with you an exciting opportunity brewing in the gold market 🚀 Currently priced at $2304, gold is showing all the signs of gearing up for a significant move 📈 Our analysis points towards target resistance levels of $2336 and $2342, marking crucial...
🌟✨ Gold Update Alert! ✨🌟 📈✨ Hey traders, let's talk gold! 📉💰 🔍 It seems like gold is on the move, dancing within a channel and recently busting out of a downward trend! 🚀📉 As it nears the resistance zone, the anticipation is palpable for a correction. 🔄💡 But here's the interesting part: once this correction happens, there's a chance it might hit the midline of...
Upon reviewing gold in the weekly timeframe, we observe that the price is trading around $2298. If the NFP data is announced to be higher than the forecasted rate, it will strengthen the dollar index and consequently cause a significant drop in gold prices! Should this occur and gold stabilizes below $2300, we can expect a fall in gold prices to lower levels such...
Upon reviewing the Bitcoin chart on a weekly (logarithmic) timeframe, we observe that the price is trading around $61,200. It might penetrate below $59,500 to gather more liquidity! Let’s examine the scenarios together: if the price stabilizes and closes below $59,500, we may see a further decline, possibly even a correction in Bitcoin down to $53,210. This would...
Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
As We Talked in The Previous Analysis: The Gold Price Failed To Create a New Higher High ! The Support Line is Broken ! Presently, The Price Has Pulled Back to 0.5 Fibonacci Retracement Level and Formed a Bearish Double TOP Pattern. --------- TARGET: 2260.000🎯