Price forms a higher high, but RSI forms a lower high. Subsequently, the price is expected to decrease. Important note: Bearish divergence at a peak often lasts longer than bullish divergence at a bottom. This is because peaks are driven by greed, while bottoms are driven by fear. Greed is an emotion that can persist over a longer period, whereas fear tends to be...
The long-term, medium-term, and short-term trends all point to a bullish trajectory for gold. As long as gold maintains activity above the confluence support of the upper channel line (b) and the 0.786% Fibonacci extension level, short-term upward potential remains intact. However, in the scenario where the $2,244 level is breached below, gold could undergo a...
On the chart, we can see retracement levels as follows: 0.7955 (23.6%), 0.7764 (38.2%), 0.7609 (50.0%), 0.7454 (61.8%), and 0.7263 (76.4%). Now, we expect that if the price of gold declines from its peak, it will encounter support at the mentioned Fibonacci levels because many traders will place buy orders at these levels when the price retraces.
Today’s gold trading conditions are as follows: 1.Xauusd:@2178-2180 Sell, TP:2277 Profit: +$130 2.Xauusd:@2174-2176 Sell, SL:2277 Loss: -$1055 3.Xauusd:@2184-2186 Sell, TP:2277 Profit: +$1995 4.Xauusd:@2273-2275 Sell, TP:2268 Profit: +$2150 5.Xauusd:@2168-2166 Buy, TP:2273 Profit: +$2720 There was not much profit in gold trading today, only a...
Today, April 4, 2024, the sector grew to become down pretty sharply after many consecutive days of peaking. However, with instability withinside the international at the side of robust call for from different countries, the outlook for valuable metals continues to be bright. Finance Banking Gold fee nowadays April 4, 2024 threatens to plummet after many...
constantly skyrocketing, breaking all records, specialists provide some arguments to explain. Finance and BankingHot: Gold charge exceeds 2,three hundred USD/ounce, why? Yen Nguyen • April 4, 2024 07:01 Gold charge constantly skyrockets, breaking all records, specialists provide some arguments to explain . Gold increases, gold charges "peak"... had been...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is entering a bullish consolidation phase after reaching a new all-time high around the $2,288-2,289 area during the Asian session on Wednesday. This is mainly due to persistent geopolitical risks from the Russia-Ukraine war and conflicts in the Middle East, which have dampened...
Waking up to beauty.. Been the beast that I am, profits are closed.
XAU-USD is going down Now but the GOLD will Soon retest a horizontal Support level of 2151 From where we will be Expecting a bullish rebound !
Gold market is likely to go to 2300, because 2265 level was the strongest resistance, this level has already been broken, so we expect gold market to go above 2300.
Gold once reached around 2230, but then the big positive line directly pulled up to above 2250. This is an obvious bullish pattern. Even if it falls back, the big positive line can still pull up. This is a super buying trend, and the K line continues to see new historical highs. The gold four-hour line fell back and exited three negative lines, but one big...
Beauty in the eyes of traders.. GOLD is flying.. Analysis played out perfectly..
January 8th was the day.. I bought long term April 3rd target smash using day trading strategy. I will love such a play every year.. Entry 1990.. target 2290 = 3,000 pips stuck in profit
Dear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the situation in the Middle East and the expansion of the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have...
A strong bullish trend is evident in the gold market. The zone between 2177 - 2170 has solidified as a strong support level, previously serving as a significant resistance. There is still liquidity to be tapped into at the higher levels. Moreover, with the current economic context marked by uncertainties and global issues, there are ample reasons for the...
Greetings everyone! The global gold price remained steady. Spot gold is currently anchored at $2,313USD per ounce, maintaining a robust upward trajectory. The ascending channel remains active, showing no signs of peaking. However, I anticipate some price adjustments next week as the price approaches the trendline's boundaries. Keep an eye on the support level at...
Amid election pressure, gold continues to rise, breaking resistance levels. However, it's also forming a rising wedge pattern, evident in the joining of its tops and lows. Currently, the trend appears upward, but caution is warranted as the pattern suggests potential reversal. Stay vigilant till the end, as outcomes remain uncertain.
During the Golden Day session, Gold experienced a significant upward gap at the opening, driving a strong momentum of over 300 pips towards around 2265. Subsequently, Gold initiated a corrective move from the European to the American session, retracing to test the earlier gap area. Ultimately, the H4 candle found support at this level, followed by a bullish...