User Analysis: Metal: spot Gold (XAUUSD) Price: $2298 per ounce Technical Analysis: Buy Trend: UP Expected Scenario: Prices could starts upward movement again after the corrections last few days and ( fundamentally ) after the release of the Non-Farm Payrolls (NFP) news from the US, which was impacted negatively on the US dollar. Additionally, the daily...
FX:XAUUSD is forming a range of 2328 - 2295. The market sold off all the excitement formed on the background of Powell's comments yesterday. A bearish market structure is forming on D1. The area of 2328 is keeping the price down and plays the role of a strong key resistance. The bears (sellers) are quite strong and continue to gain momentum. The price is...
Introduction - I am setting up for 16-20 hours per day continuous gold forecasting. I MAY have the demand to start this now, I am not totally sure. I'll find out in a day or two. Let me be clear, if there was ever a time to trade gold, THIS IS OBVIOUSLY THAT TIME. Details - In chart above, this is a slightly modified route vs most recent route from DRAFT...
🌟✨ 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...
Hello everyone, it’s Friday again. Today is the last trading day of the week. Friday's trading is usually the most complicated and today there is news on the US April non-farm payrolls data and the US April unemployment rate. We need to do a split on today's transaction. Let everyone know how to proceed with today's transaction. Gold prices have been trading...
Gold prices recorded a slight decline after recent losses as traders continued to price in higher longer-term US interest rates ahead of the US Federal Reserve (FED) meeting over the weekend . The yellow metal fell from record highs reached in early April as safe-haven demand weakened in the absence of any escalation between Iran and Israel. This makes gold...
According to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over...
Gold News: Read the Latest Analysis on XAU/USD Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded...
Hello wonderful friends of Ralph Benjamin! What do you think about this metal's next trend? In general, gold continues to maintain a relatively stable downward trend at low levels. The current decline poses near-term risks, which could be exacerbated if strong US economic data leads to further delays in the Fed's expected interest rate cuts. That said,...
Hey Everyone, Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips. We started the week with price playing between two weighted levels 2351 resistance and 2333 support. We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a...
Hello Traders , Upon reviewing the gold chart in the 2-hour timeframe, we observe that, as per our primary analysis and expectations, the decline continued and managed to correct down to $2281! As we had marked on the chart two weeks ago, the range of $2268 to $2284 was an important demand zone where we expected the price to show a positive reaction after reaching...
Gold (XAU/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 2,324.27 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 2,375.00 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance. Take profit is at...
Once again we saw another manipulation trap through a news event. NFP made Gold shoot up during the news, only for price to come crashing back down in the next hourly candle. Market trapped new buyers & used that as liquidity to carry on pushing down!
MATICUSDT I think it is wrong to write a currency in a view for ascending or descending The matic currency is likely to follow this road map, so this is a personal opinion and analysis, you can enter with your own strategy and opinion.
NZDUSD Price : 0.60200 Trend : UP Transaction : Buy Technical analysis reason : prices breaking the strong down channel on daily chart Technical analysis failure at level : 0.59700 Technical analysis success at level : ( Target 1 : 0.61350 - Target 2 : 0.6220 )
By checking the GBPUSD chart, we can see that the price started to fall from the range of 1.257 and was able to correct up to 1.247 and it brought us about 100 pips of profit! Now I expect the price to move up first and then we will probably see a further drop in the price! Please support me with your likes and comments to motivate me to share more analysis...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Price some time traded between this level and after reaching resistance line of channel, it made downward impulse. After this, XAU broke $2385...
OANDA:XAUUSD is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The US ADP jobs report...