Smart investment, Strong finance GOLDEN INFORMATION: The price of gold is currently struggling to maintain its momentum from the previous day, hovering around $1,895 during the Asian session on Tuesday. The XAU/USD pair has the potential to break its four-week losing streak thanks to a weakening US Dollar (USD). However, sellers of gold remain cautious in...
NOVA hello everyone, Let's comment on gold price next week from August 21 to August 25, 23 World situation: Potential support and resistance levels for XAU/USD are being closely monitored based on the technical analysis of the daily chart. Despite some efforts by the bulls to recover, they still face significant challenges as indicated by their position deep in...
Smart investment, Strong finance GOLDEN INFORMATION: During the Asian trading session on Wednesday, the price of gold (XAU/USD) is hovering around the $1,901 level. Concerns about potential tightening of monetary policy by the US Federal Reserve (Fed) were raised due to positive United States (US) Retail Sales data, which impacted the previous day's gold...
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...
Smart investment, Strong finance GOLDEN INFORMATION: Over the past week, global gold prices experienced a continued decline as both the US Dollar Index and 10-year Treasury yields saw consecutive increases for four weeks in a row. American consumers have started to feel more pressure when it comes to managing their finances and saving money due to the ongoing...
Smart investment, Strong finance GOLDEN INFORMATION: According to CME Group's preliminary data on gold futures markets, traders increased their open interest positions by approximately 2.3K contracts after experiencing four consecutive daily declines on Wednesday. However, the volume remained volatile and decreased by around 3.5K contracts, partially...
NOVA hello everyone, Let's comment on gold price next week from August 14 to August 18, 23 World situation: After a series of positive news in the week for the dollar, the US economy has prospered, economic indicators are positive, which is the catalyst that causes gold prices to continuously decline. According to experts, it is forecasted that this week the...
Smart investment, Strong finance GOLDEN INFORMATION: After reaching its lowest point since July 7th, the price of gold is showing a modest recovery around the $1,911-$1,910 range during Friday's Asian session. It appears that the four-day losing streak has been halted for now. Currently, XAU/USD is trading in the $1,915-$1,916 region with a modest increase of...
Smart investment, Strong finance GOLDEN INFORMATION: The price of gold (XAU/USD) gains strength as the latest United States Nonfarm Payrolls (NFP) report falls short of expectations. In July, the US labor market experienced a modest increase of 187K payrolls, which was slightly below the consensus forecast of 200K but marginally higher than June's figure of...
Gold has retraced to the neckline of the double top pattern, upon which it provided a strong bearish engulfing. The weekly resistance has failed to be completely broken in addition to a rejection of the 38% fib. The 4H is trading within a range creating a new lower low along with ADX. The moving average is crossing to the downside as well as a trendline break to...
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Last day after news, gold jumped and moved to 2010 level and later it hit 2020 level. Now It's almost 20 plus hours it is playing on the same area and RSI is forming a straight line. This move was totally based on fundamentals. As per my previous analysis I told you in last week on Monday that gold will be in a range. Now it looks like it has broke the range but...
Market is in range and can be in ranging rectangle for 1-2 days and will try to break range. Trend is turning to bearish so take only short trades. Short it near 2000 and aim for 1950 but you can cut it near 1972 if you se reversal in rectangle range on 30 min candle.
Gold is near ending 5th wave from the impulsive wave starting from 1617$ 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.....
Gold is bearish on this Monday as first day of week, We went short after we saw a resistance in gold price at 2004 level. I think gold had done with its bullish rally and It will now come down to 1930-1910 levels in the upcoming week. My previous setup went so well, As we foretasted on Friday at YT that market is going to reverse from $2000 price level. Well,...
A clear setup; with the long-term chart (M) month. in downtrend. The Current-chart (W) Week is also in downtrend. the (W) is in clear move up, lots of buying to support this momentary fake uptrend. How do I know it is fake. Well one never knows anything as a disclaimer for any trading position; we stack up odd Enhancers in our favour. So, why did I take the SHRT...
This is not a financial advise ! Looking at gold price behaviour. Before any bais movement from fundamentals accumulation in patterns forms as per standard purchasing order of Gold. We are awaiting Monday to see what this week direction will complete the flag .
Plan B Sell 1860.00 SL: 1866.00 TP1: 1852.00 TP2: 1844.00 TP3: 1835.00 =========================================