⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian session on Thursday, the price of gold (XAU/USD) has slightly increased and recovered some of the significant losses from the previous day. However, there is a lack of strong bullish momentum. The US Dollar (USD) is struggling to take advantage of the rebound it experienced from a...
✍️ NOVA hello everyone, Let's comment on gold price next week from 22/1 - 26/1/2024 🔥 Identify: The prosperity at the end of January 2024, political and military tensions in the US economy helped Gold prices recover slightly, but not for long. Next week, important economic data such as PMI, GDP... can continue to help Gold prices recover further before...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: On Friday, investors will pay close attention to the economic data coming out of China. It is predicted that the Consumer Price Index (CPI) for the nation will decrease by 0.4% compared to the previous year in December. Similarly, the Producer Price Index (PPI) is expected to drop by 2.6% year-on-year,...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Despite the early Asian session rebound of the US Dollar (USD), the price of gold (XAU/USD) remains in positive territory. The demand for the Greenback has been strengthened by the better-than-anticipated US labor data from Friday. However, the upcoming inflation data for this week will hold significant...
Gold is looking bearish on the technical and fundamental level, the dollar has strengthened a little bit after a rough 2 weeks and could send gold to 2000
✍️ NOVA hello everyone, Let's comment on gold price next week from 1/2 - 1/5/2024 🔥 World situation: A very successful end to 2023 for Gold. In the first week of 2024, there will be some important news that directly affects the price of Gold such as: PMI, ADP Non-Farm, Unemployment Claims, Average Hourly Earnings m/m,... The price model is creating a slight...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The general expectation is that the US central bank will maintain the existing conditions and keep interest rates unchanged after their two-day meeting on Wednesday. As a result, the focus of the market will be on the accompanying monetary policy statement and the updated economic projections. Following...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The USD Index (DXY), which monitors the performance of the US dollar against a group of currencies, continues to rebound from its lowest point since August 31st, which was reached on Tuesday following the release of the hawkish Federal Open Market Committee (FOMC) meeting minutes. In fact, policymakers...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD). According to the minutes of...
Bear market rally is forming with Gold. We are seeing a somewhat recovery. But the overall medium term trend is down. And we need to act accordingly to the major trends. This is a normal Dead Cat Bounce. And the ONLY way it will prove me wrong, is if it breaks out of the downtrend which will start a new uptrend. So what could cause this uptrend? 1. Safe...
Gold has reached the first target of the Inverse Cup and Handle... It seems to be stabilizing around these levels. But it seems to only be a short term (1 or 2 weeks). If the price breaks below the support, we will most likely see the next target at $1,710. As we are dealing with a less favoured precious metal compared to the past, this will require some...
hey traders its my target short closed at dynamic lvl this lvl confirmed by . . . Confirmed by S&D strategy Confirmed by PA Confirmed by FIB EXT Confirmed by PA so its a strong lvl wont b valid if price break down this zone in 4H or daily TF what u think ? share ur chart and leave a comment
The price of GOLD this August is controlled by the bears, as seen on the monthly chart. The weekly price is also controlled by the bears, supporting our short idea. As we are inside the parallel channel, we must be patient to short near the resistance of the channel which is also in confluence with the opening price for the week. If the short materializes, we...
Gold has retraced to the neckline of the double top pattern, upon which it provided a strong bearish engulfing. The weekly resistance has failed to be completely broken in addition to a rejection of the 38% fib. The 4H is trading within a range creating a new lower low along with ADX. The moving average is crossing to the downside as well as a trendline break to...
Last day after news, gold jumped and moved to 2010 level and later it hit 2020 level. Now It's almost 20 plus hours it is playing on the same area and RSI is forming a straight line. This move was totally based on fundamentals. As per my previous analysis I told you in last week on Monday that gold will be in a range. Now it looks like it has broke the range but...
Market is in range and can be in ranging rectangle for 1-2 days and will try to break range. Trend is turning to bearish so take only short trades. Short it near 2000 and aim for 1950 but you can cut it near 1972 if you se reversal in rectangle range on 30 min candle.
Gold is near ending 5th wave from the impulsive wave starting from 1617$ per ounce, i am looking for a three wave pullback towards 1937-1840 area to enter longs again targeting new highs towards 2350/2500 $ per ounce. we might see 2055/2060 before this correction might start.....