🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢. 📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns . 🌊According to the theory of Elliott waves , it...
Gold will continue to fall. At present, the big negative line cannot stop it. It directly breaks through the support level of 2310. The moving average moves downward again. The K line is also suppressed again and may run below 2300.
#forex #XAUUSD OANDA:XAUUSD :XAU #TRADING - SMC - Next Possible Move - ⏳
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Gold has been falling all the way today, directly falling below the previous low of 2354, so the decline of gold will continue, and gold is ready to rebound to around 2347 Sell! Gold’s 4-hour double top structure is a bearish pattern. The bulls are helpless after being tossed around today. This is also the biggest change in the gold market recently. The shorting...
Gold may choose to take profits near the $2,400 mark, so caution is needed before further appreciation.
Dear Traders, Even after dollar demand increased, the dollar kept its bullish momentum. We now can see Gold dropping and making a major correction possible towards 2280$ and then 2250$. There are two entries to consider. Trade wisely. For more like and comment.
XAUUSD has two strong scenarios: Scenario A - Gold will continue to rise to the 2500 zone. Scenario B - The trend of gold will change to bearish and will fall to the 2146 zone. It means that we have a good risk:reward ratio for a sellers.
During final week`s buying and selling session, global gold at one factor multiplied to 2,402 USD/ounce because of issues approximately war withinside the Middle East. However, a few traders took benefit of promoting to take profits, forcing the gold fee to shut at 2,392 USD/ounce. World gold charges had been pretty calm on account that Iran's navy assault on...
--NEWS-- During ultimate week`s buying and selling consultation, global gold at one factor extended to 2,402 USD/ounce because of issues approximately struggle withinside the Middle East. However, a few buyers took benefit of promoting to take profits, forcing the gold charge to shut at 2,392 USD/ounce. World gold expenses were pretty calm considering the fact...
XAUUSD Setup | H1 Time Frame - This Setup indicates as Educational Purposes - Supports level at 2374.00 - 2360.00 - 2333.8 - 2319.152 - Resistance level at 2397.00 - 2413.00 - Circles Indicate the consolidation area - Grey Area Shown as Gold will be in that zone Gold Retest the 2397.00 Area in this case if gold break that point we will further see on...
Reason For Bullish 1.Obey Strong Support and trendline @ 2370 2. Dxy Breaked Resistance and reacj 107 and expected to Fall of 104 Overall Possible Outcomes XAUUSD BUY @ 2360-70 SL 2347 TP1 2400 TP2 2430
Dear friends, today due to the expansion and escalation of conflicts in the Middle East, market risk aversion has surged. Gold has been enthusiastically sought after as a safe haven asset. It took the 2400 position in one fell swoop and continued to rise to around 2417. Subsequently, Iran downplayed the tension many times. Gold turned downward and has now given up...
The current gold 30m chart indicator shows signs of weakness, but the 2h chart currently has the advantage for bulls. Continue to pay attention to the resistance near 2392. If it cannot break through, the backtest support near 2383-2377 has a high probability. If it breaks through, the upper 2404-2416 range will be the short-term top. Friends who hold short...
Gold prices surged above $2,400 an ounce as concerns about escalating tensions between Israel and Iran boosted safe-haven demand. Gold prices rose for a fifth straight week after unconfirmed media reports of explosions in Iran, Syria and Iraq. Rhetoric between Iran and Israel has intensified since last weekend's drone and missile attacks. Latest news According to...
Today’s gold trading situation is as follows: 1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614 2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600 3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632 To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To...
Gold ultimately failed to break through to a new high last night and was still hindered by the resistance of the 2400 mark. After yesterday's pullback, the strength of the gold bulls was severely damaged. Therefore, today's strategy is mainly to focus on the high Sell. Now gold has reached the short-term resistance level of 2378, here Can sell. technical...
Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again. In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because...