The gold price currently surpasses the channel's upper margin, signaling a potential retracement. With robust support at $2195, a pullback is anticipated.
Gold is currently under pressure at the 2340-2344 first-line resistance. If it falls back, it will continue to observe the support near 2325-2318. If it can break through, there may be an opportunity to try the 2352-2362 high again. If it falls below the support, the 2313-2305 range will be considered. In terms of trading direction, I still prefer the idea of...
Today, the world gold price listed on Kitco stands at $2,340 per ounce, marking a $28 increase compared to yesterday morning. International Market Insights: Gold prices regain upward momentum, driven by central bank buying activity in Asia. A recent report reveals that the People's Bank of China added 160,000 ounces of gold to its reserves in March. Turkey,...
Today, precious metal prices soared to unprecedented levels due to strong central bank activity in Asia. According to a newly published report, the People's Bank of China alone added 160,000 ounces of gold to its reserves in March. In addition, countries such as Turkey, India, Kazakhstan and several other countries Eastern European countries also actively bought...
Reason Behind Buy 1. Breaked Resistance @ 2340 2. Rising Wedge Pattern formed 3. Next XAUUSD/GOLD Move towards New High Possible @ 2378 Overall Possible outcomes XAUUSD BUY @ 2340 SL 2330 TP 2355 TP 2 2378
GOLD is presently growing precisely as I expected. Anyone who watched yesterday`s Tiktok Video that I published overdue will apprehend why I nonetheless went up whilst there had been mild Gold Decreases from 15>20 in rate. >Gold rate maintains to boom to the 234x area At this rate, if anybody nonetheless holds the Buy Gold Order, they need to pull the SL Positive...
Today's NFP data is bearish for gold. After a rapid decline, it rebounded and reached a new high near 2330. The 30m chart has already diverged, and there is a need for repair. Therefore, after the market opens next week, the idea is to go short first and observe the support in the 2318-2312 range. If it falls below, consider around 2305, followed by around...
The multi-order near 2305 given yesterday has all left the market, we can wait for the correction to continue to do long, aggressive traders can also sell and buy first, provided that the SL is set up. Today is the first day of this week's trading, our team is also successfully sniped to the turning point of ups and downs, opening positions began to make profits,...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
In the overall technical picture, the short-term upward trend of the gold price will be influenced by the following technical levels: Support: $2,220 - $2,205 - $2,188 Resistance: $2,245 - $2,250
With gold prices still on the rise, reaching the Fibonacci 0.618 retracement level of wave 5, the next expected move is an ABC correction wave. Traders should closely monitor for signs of this anticipated correction pattern in the market.
In the realm of commodities, gold remains a cornerstone of investment strategies worldwide. Recent developments in the precious metals market have reinvigorated interest in gold, attracting attention from investors globally. From economic indicators to geopolitical tensions, various factors contribute to the fluctuations in gold prices and market dynamics. As...
Next week's gold trading ideas: step back near 2305 to do more, defense 2300, target 2360 near!
At present, the market has reached the resistance level again. From the indicator point of view, there is still room for growth. For the time being, we will observe the 2277-2289 range. The support will first be around 2263, followed by 2256-2252. If it falls below, consider around 2232. At that time, the pattern may be head and shoulders, which also means a...
Dear friends, overall this week's trading situation is not very good, but it is not terrible either. Because my expectations for NFP were too high, I failed in the transaction, resulting in a significant reduction in our profits this week, with a net profit of $35K this week. No matter what, we can only bring our experience and lessons to strive for better results...
Here on gold the price has been strengthen which means that more buyers are taking control so is like to continue going up for this coming but going to make a pullback so it very important to go for long with caution and use money management.
Here on gold market has been in uptend showing that buyers still in contol . For the coming week there is likely more strong bullish as the price keep stengthing . More buyers is likely to come in . So it expected to trade with money management