After a strong up due to the down of the dolar index, gold is given us a pullback. Let's wait for the broken of this flag I drew in with the arrows and if this hapens, is a good momento for a long position.
Based on current analysis, it appears that the price of gold is showing some uncertainty as it moves within a pattern known as a "pennant". Despite this, there is still potential for the price to increase, as there are risks that could push it up. In order for this to happen, the price would need to break above a downward trendline at the price of $2,000,...
(probably THE SUPER DXY FALL down)
What the feed says today can cause hard times for the dollar (will the interest rate go up? Does that mean that the economy can still hold on to help the banks or see more inflation?
leave your opinion below
The price of gold is currently below $1,950 and may see a bullish trend as XAU/USD bulls may make one last attempt to rise before the Federal Reserve meets. Mehta suggests that for any recovery to occur, gold would need to be accepted above the psychological level of $1,950 and reach the previous resistance level of $1,960. If the Federal Reserve adopts a dovish...
GOLD will go to the upside. If price breaks 1857.82, pretty sure my TP will be 1867.86
Remember that CPI is coming up, so this is a really risky trade....
As the Dollar continues to retrace its steps from four-week highs, the gold market hopes to capitalize on recent recovery gains. Will XAU/USD break $1,850 during Powell's speech as Fed Chair? As investors stay away ahead of Jerome Powell's speech, the US dollar is currently declining from monthly highs. His remarks are likely to spark a new bout of volatility,...
Gold prices extended gains into a second session on Tuesday as bets for a smaller rate hike by the Federal Reserve next week continue to weigh on the U.S. dollar. At the same time, a slight pullback in U.S. Treasury yields has also helped the yellow metal.
At the time of writing, the spot price XAU/USD is trading at $1,936 an ounce, 0.3% above its opening price,...
Gold price needs to break the $1,942 barrier for a fresh uptrend.
Gold price is consolidating the latest uptick to near nine-month highs, as bulls take a pause contemplating the next move. Gold price is holding firmer so far this Tuesday, having witnessed good two-way trades a day before.
Eurozone, United States PMI data in focus
Amidst the US Federal Reserve...
GOLD after our take profit of yesterday the price continues to grow fast inside a Bullish channel where today a pullback on the previous Support area may give the right impulse to continue his rally
Gold inside a bullish channel yesterday had a retracement on the dynamic trendline of the channel where today may start a new long impulse in the direction of the main trend. We are Looking for a long continuation.
The GOLD after a strong bullish rally in the last session is struggling inside a retracement pattern or correction/retracement where find the right place where to get a new impulse on the direction of the primary trend. The price has already tested the 50% Fibonacci level where again another pullback is made on the dynamic trendline. We are looking for a Long continuation.
#ESCENARIO, vemos aun estructura bajista, esperamos mayormente venta hasta el punto marcado
#SCENARIO, we still see bearish structure, we expect mostly selling up to the marked point,
EN
GOLD continues it's a strong bullish rally today with a retracement on the previous support zone in confluence with the Fibonacci level of 61.8% Where the price seems ready to have a pullback in the up-side of the chart inside the bullish channel. We are Looking for a Long pullback.
GOLD price is still inside a Bullish rally where in the last hours the price made a Pullback on the 50%FIBO level where also a clue about the Divergence stochastic in the oversold area made our Idea more solid about a new long setup.
GOLD: Following the decisive upsurge witnessed on Friday, the Gold prices started the new week on a bullish note and closed in positive territory on Monday and Tuesday. After staying relatively quiet on Wednesday, XAU/USD regained its traction and climbed above $1,900 for the first time in seven months ahead of the weekend, closing the fourth straight week in...
GOLD: The price after a strong impulse yesterday, today we may look at a retracement on the previous support area before a new Long setup. The view in long term is Bullish but a Pullback before a new impulse is physiological for the market.
Powell is scheduled to speak at the Riksbank’s International Symposium on Central Bank Independence later during the early North American session. His remarks will be closely scrutinized for clues about the Fed's rate-hike path. The focus, however, remains on the latest consumer inflation figures from the United States (US), due for release on Thursday. The...
