OANDA:XAUUSD is making the same pattern that 50% before so I think we might be able to 50% again. the market is already broken out and is looking super bullish. Using this triangle pattern we can see that price is broken out and shooting to the upside with great momentum and volume.
XAUUSD, LONG Started its Final Fly towards 2540 TEST#1: If we consider Cup shape the Target after retesting point from top of Cup is 2540. TEST#2: From Top of Cup 2nd Shape was big Triangle which is also broken and the Target height is also showing 2540. TEST#3: in the Last Stage Ascending Channel is broken and retested in Day chart, After the breakout the Target...
In the realm of finance, gold remains a steadfast asset, drawing attention from investors seeking stability and security. As a seasoned financial analyst, I offer fresh insights into the current state of the gold market. Gold's recent performance has been marked by fluctuations influenced by various factors, including economic data, geopolitical tensions, and...
Divergence of this type is often seen in an uptrend. After the price makes the second high, if the indicator makes a low high (unlike the price, which makes a high), then you can predict that the price may reverse and drop again.
With the H4 frame, if the gold price returns to above the H4 tankan line at the price mark of 2276usd/oz, it may open an opportunity for gold to increase in price again and the 2 lines AB and AC act as 2 trend resistance lines. Short-term direction for gold prices. To sum up, I still support the decline in prices that could be very strong on Friday +-1 day and if...
Gold shows a pullback, I think it will go back to 2236, then I will see what happens, now let's push the trade if you agree with me.
Today, gold prices experienced a slight dip, establishing a peak above $2,300 before retracting to around $2,273 during the early trading hours yesterday. Looking ahead, with robust economic data and persistent inflationary pressures, the Fed may be compelled to maintain accommodative monetary policies throughout the summer, potentially driving gold prices...
As mentioned in last week's analysis, the outlook for XAUUSD remains positive following a period of correction and recovery, particularly evidenced by its swift rebound from recent lows and retesting of the all-time high (ATH) at $2308 reached yesterday. It is currently trading at a new high of $2258, having surpassed the $2308 mark, marking a robust $12 increase...
In today's financial landscape, Bitcoin (BTC) remains a focal point for investors, attracting attention and speculation. As a seasoned financial analyst, I provide a unique perspective on the current state of the BTC market. Bitcoin's recent movements have been marked by volatility, influenced by factors such as institutional adoption, regulatory developments,...
In the realm of financial analysis, gold stands as a cornerstone asset, attracting attention from investors seeking stability and diversification. As a seasoned financial analyst, I offer a fresh perspective on the current state of the gold market. Gold's recent performance has been characterized by a delicate balance of factors, including economic data releases,...
Looking ahead: XAUUSD is driven by safe-haven demand amid rising tensions in the Middle East. The gold market ignores the strength of the USD and expects the US to cut interest rates and continuously conquer new records. Price volume is still increasing, new Highs have been formed so we can still expect further price increases. I still maintain strong belief in...
Gold fell sharply to near 2281 after the data was released, and then bottomed out and continued to break through a record high, and is now near 2327, an increase of nearly 500 points, and next week's operation is mainly based on dips! Although we did not successfully snipe all the profits today, we still achieved a good harvest, continue to work hard next week!
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Traders may wait for more information about the Fed's interest rate-cut plans before making bets on the non-yielding Gold price. They will be closely watching the release of the US monthly employment details, known as the Nonfarm Payrolls (NFP) report, later in the North American session. If there is...
Today’s gold trading situation is as follows: 1.Xauusd: @2292-2294 Sell, TP:2292, Profit: +$ 564 2.Xauusd: @2295-2300 Sell, TP:2291, Profit: +$ 9318 Today is the fourth consecutive day of profit in this week's trading. The profit so far today is $ 9882, which is an increase in profit compared to yesterday's profit. I think it is very meaningful to be able to...
Gold undergoes a significant correction after a failed attempt to confirm its all-time high (ATH). A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.
Gold prices soared to $2,250 per ounce today, marking a $12 increase from the morning's opening. The driving force behind this upward momentum lies in the growing belief among investors that the Federal Reserve will embark on monetary policy easing. Market watchers anticipate a potential interest rate cut by the Fed in either May or June. Apart from rate...
As anticipated in our previous analysis, gold continues to advance, encountering no significant resistance. However, we observe the formation of support at 2270.00. Despite this, we remain in our bullish trend, with the emergence of a clear bullish channel indicating a potential slight retracement before resuming the upward trajectory. This is a short-term...
World gold costs fluctuated barely with spot gold down nine USD to 2,290.7 USD/ounce. Gold futures ultimate traded at 2,310.five USD/ounce, down 10 USD as compared to the previous day morning. World yellow steel costs stabilized on April 4 (US time) after formerly conquering an all-time excessive of over 2,three hundred USD/ounce way to expectancies that americaA...