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.
History indicates that once the Fed honestly cuts hobby charges for the primary time, marketplace hobby charges generally tend to transport barely higher (chart above). In fact, it is usually a sale due to the fact the preceding rumor has been believed. But sooner or later because the Fed endured to cut, the 10-12 months yield endured to fall and discovered a...
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...
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...
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...
Hi Gold Miners,
This is our NFP Trade master plan to Heist Bearish side of GOLD MINES. my dear Looters U can enter at the any point below my red zone level stealing area, Our target is Green Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with...
Gold four hours the surface of the short signal, today's day to short mainly, the current price of gold 2290 empty, in 2295-2298 reserved cover position, SL unified set at 2305!
Dear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market was not as good as expected. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around...
Dear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market fell short of expectations. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Gold price pares intraday losses, keeps the red amid modest USD strength ahead of NFP
Gold price corrects further from the all-time high amid hawkish remarks by Fed officials. Some follow-through USD buying exerts some pressure ahead of the crucial US NFP data.
From a technical perspective, weakness below the $2,265 area could expose the weekly swing low, around...
The technical analysis advises us of a possible change of structure or at the expense of an important retrocess in the main tendency of the aclist... after an obvious manipulation to liquidate some or as the price is evident from the basic intentions
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...
