@All Last night GOLD created a new peak. As for me, I have a very careful analysis that if GOLD breaks through the 2346>2348 line, I will go Buy. Anyone watching can see that I texted that order very carefully. With GOLD price setting a new peak and tree D1 having a reversal phase from 2326>2379
>Today, all traders are watching to sell GOLD according to RSI around...
XAUUSD continues to hold steady even in the face of strong economic news. A range between 2366 and 2330 is being established, with buyers and sellers vying for lower price levels.
Today, the market awaits PMI and Initial Jobless Claims announcements. Yesterday, we saw CPI figures higher at 0.4% instead of the expected 0.3%, with inflation rates at 3.5%. This...
The CPI data released today was beneficial to gold shorts. Gold fell sharply and then quickly rebounded to around 2350. The resistance in this range is still very obvious.
At the same time, the 4h chart shape is not friendly to bulls. In the 30m chart, it is temporarily beneficial to bulls. The focus is still on observing the resistance in the 2346-2354 range....
Gold price continued its upward trajectory, reaching a record high of $2,3545 in the Asian trading session on Monday. However, it later retreated below the $2,335 mark as market sentiment shifted, dampening the demand for gold.
Before resuming its upward trend, gold price dipped to a low of $2,305, coinciding with the 20-day Simple Moving Average (SMA) touching....
A rise in XAU/USD can be identified by the increasing price, although it may not be immediately apparent at the current rate.
- Technical indicators such as the Relative Strength Index (RSI) help signal prolonged overbought conditions. In such instances, observing the chart stuck in a bullish outlook alongside the moving average for a period could aid in...
1. Tenkan-Sen crosses Kijun-Sen from below to above, with the crossover point below the Kumo cloud.
2. Senkou-Span A crosses Senkou-Span B from below to above, causing a change in Kumo cloud color.
3. Chikou-Span is above the price line and the wider the gap, the better.
If all these signals occur simultaneously, investors may execute a Buy order in favor of the...
The basic entry in the Sonic R. System is referred to as the "Classic" entry. Following the initial Classic entry, there are sometimes pullbacks that create opportunities for a "Probe" re-entry. At times, even before the Classic setup forms, price action alone suggests early Probe entry opportunities.
Two examples of early Probe entry opportunities are:
1....
In Wednesday's US trading session, gold prices unexpectedly rebounded following previous volatility, possibly due to the increase in the US dollar and bond yields. This led to a reduction in expectations for the Federal Reserve to cut interest rates in the near future.
On the 4-hour chart, the upward trend of gold remains clearly intact. The Simple Moving Average...
Gold prices continued their upward trend today, reaching around $2347 USD per ounce, with a 0.261% growth for the day, even as the USD index showed signs of cooling off.
However, after several consecutive sessions of gains, gold prices are facing profit-taking pressure. Nevertheless, the precious metal is believed to still receive significant support due to three...
Despite the release of better-than-expected US employment figures, the global gold market has seen a significant surge, reaching new record highs during weekend trading sessions. This marks the third consecutive week of gains for the precious metal.
Recent developments, including the robustness of the economy and inflation data, prompted Federal Reserve Chairman...
Examining the chart, we observe a MACD crossover, indicating a short-term price increase. However, the downward trend of the RSI suggests weak buying pressure. The crossing of the SMA and EMA lines creates a strong resistance zone. Based on these factors, I predict a decline in gold prices.
Using Elliott Wave Theory and Fibonacci, I observe that the gold price is currently in wave 4. Rule 3 states: Wave 4 should never enter the territory of wave 1. Additionally, there are guidelines to help count waves more accurately. Unlike the three rules above, these guidelines may be violated. They are:
- Conversely, sometimes wave 5 cannot extend beyond the...
"Wave 1: The gold market experiences its initial uptick. This is driven by a small group of individuals who, for some reason, perceive gold prices as cheap and see this as a good buying opportunity. This drives prices up.
Wave 2: At this point, some early buyers feel that gold has become overvalued and begin to take profits, causing prices to decline. However,...
Gold Forecast: Short-Term Dip Expected, Long-Term Outlook Remains Bullish"
Gold prices are poised to reach 2331, although a temporary decline is anticipated. Despite this, the long-term perspective remains optimistic, with projections indicating a correction around 2280 before ascending towards 2553. Investors are advised to consider buying during these declines...
You can see waves 1, 3, and 5 formed from smaller impulsive 5-wave patterns, while waves 2 and 4 are formed from smaller corrective 3-wave patterns. Always remember that each wave is formed from smaller wave patterns. This model repeats itself indefinitely. On the daily chart, I see wave 4 forming. The RSI is rising high, indicating strong buying pressure. Using...
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices pulled back from all-time highs on Tuesday, dropping to $2,346 after reaching $2,365. This was due to a risk-on sentiment and declining US Treasury yields. The US economic calendar was light, with the NFIB Small Optimism Index falling for the third consecutive month. Traders are now awaiting...
The United States CPI data will be released soon, and it is still the support level to continue to do more.
On Tuesday, the gold technical surface rose first and then fell, the Asia-Europe price stabilized 2338 mark ushered in a bull shock up the high, the afternoon further accelerated to break the previous day's high 2353 mark and continued to strengthen to 2365...
I'm sharing with you again one of my trades for this week,
You can buy XAUUSD when it reaches 2308.954, SL and TP set them as in the chart.
The market will come down to liquidate at 2318.780 to get to our OB before continuing its way up.
For further info, don't hesitate to ask!
