Looking back on yesterday: USD/JPY fell nearly 300 points in the short term The U.S. dollar index DXY fell 53 points in the short term ⬆️⬆️⬆️ The above data pushed gold up in the short term by US$9 to around 1830, but it never remained at 1830 and fell back to around 1820. Today's non-agricultural data Zenobia forecast is positive for gold. Trading plan for...
After the big drop due to the FOMC gold created a bearish breaker on the 4H and left a liqudiity pool on 1h coming to next week I'm expecting it to go higher to take the Buy side liquidity before going down, I prefer sell on this market coming to next week
My weekly/daily analysis of XAU USD heading into next week. A bit of wait and see for me, want to see more Daily PA before I can have a clearer idea of what the Weekly might want to do.
Yesterday, we sold at the 1937 resistance level, but the price subsequently broke to new highs, resulting in a -30 pip loss on our 1937 sell position. With the price now above this former resistance level, we anticipate it to act as a new support. Our strategy is to initiate buy positions at 1937 with a stop-loss set at 1934. As previously mentioned, our target...
Suppose I am a forex trader who trades both gold and oil among others. I am aware that gold is now rising and oil has already risen. Should I sell out of oil and buy gold? Here I use TradingView tools to give guidance to the best approach. On the daily chart, I have dressed out the chart with a long anchored VWAP and its deviation lines along with the price...
Gold has been shunned by investors, but many are now questioning if the yellow metal is nearing an inflection point, for a potential turn, or should we position for further downside. With US growth likely at a peak and as good as it gets, gold longs partly flushed out, positioning paired back and sentiment as bearish as we’ve seen for years, could we be seeing a...
Daily Bullish Trend May Resume on Today NFP. Expecting a Friday New York Reversal Today. Wait for M5/M15 (MSS) and then Enter.
We remain bearish as long as the price stays below the supply zone. The current market behavior around that zone shows that the bulls are struggling to break to the upside. If they fail, then expect the price to head down to the demand area before the bull could step back into the market to push the price higher. Remember, the banks will never buy there. If they...
🔰 Pair Name : XAU/USD 🔰 Time Frame : 15mins 🔰 Scale Type : small Scale 🔰 Direction : SELL THEN BUY This technical analysis focuses on Gold's 15-minute chart and aims to provide insights on optimal buying points and price movement predictions. As mentioned in a previous post, Gold has already surpassed the inverted head and shoulder neckline, indicating a...
Concerned about Recent Weak Manufacturing Data and Expected Fed Rate Hikes? Consider Adding Gold to Your Portfolio The weak manufacturing data and the anticipated Federal Reserve rate hikes have raised several red flags, warranting a closer look at your investment strategy. Firstly, releasing the latest manufacturing data has revealed a worrisome decline in...
From a technical point of view, trend is bearish on intraday chart and it could still trigger some consolidation. On the H1 chart it is possible to develop an interesting harmonic structure with Target around 1.918 and 1.900. In long term however, the main trend is still bullish at the moment. Trade with care! Like 🚀 if my analysis is useful. Cheers!
Gold with demand level on the 30 minute time frame offering a risk profile trade of 2.5 R
Gold plummeted, but now it's time for gold to bounce back. Brothers with long positions don’t worry, the target is 1925
I have included some key zones, key levels. 22/06/2023 dropped aggressively, cleared previous SSL'S and bounced. Potential buy if the low holds, break would result in decline towards 1914. Key area to watch 38-42 for an upside break.
FXOPEN:XAUUSD Buy Position day trade today Buy 1953-1955 Top 1960 Due to public holiday in US, there will not be much movement in the gold today.
I expected GOLD will bounce back to an uptrend to get H4 HH for Correction Wave. Next week we can standby BUY MODE, till my POI zone. #SMCjohor #SMCMalaysia #Beginner #JourneytoFTT
📊# FXOPEN:XAUUSD XAUUSD Weekly Forecast Price Action Strategies 14|19 May 2023 The value of gold relative to the dollar will experience a downward range in the coming week. Resistance 1# : 2015.43 - 2018.62 Resistance 2# : 2033.52 - 2038.00 Support 1# : 2006.70 - 2002.44 Support 2# : 1985.41 - 1977.74 🕐 Weekly Trade #gold / United States Dollar
xauusd wait for sell 12pm news will make bearish wait and watch