Dear Traders, Gold had rejected at 2196$ and rejected at that level showcased, price has touched pivot point, since then price has been consolidating between 2150-2172, however, we may see price dropping from our area of entry. There are two targets first one at 2130-2135 and then 2090-2080. Like and comment if you agree with our idea. Good luck and trade safe.§
When it came to around 2145, it started to rebound. I hope everyone followed my point of view and made money! At present, it has signs of falling back. Pay attention to the support of 2157-2152. If the support is effective, it will rise again. 2164-2172 will still be resistance. If it falls below the support, it will fall to a lower position, and 2145-2134...
World gold costs remained nearly unchanged as compared to radiant gold for fast delivery, down three USD to 2,158 USD/ounce. Gold futures remaining traded at $2,161.30 an ounce, down $three.60 from the intense spot. Gold held consistent on Tuesday as advisors remained on side at the principle US Federal Reserve (Fed) assembly this Wednesday. The convention is...
Economists in large part assume the Federal Reserve to hold hobby quotes unchanged withinside the 5.25-5.50% range. Risks lean in the direction of a much less dovish outcome, with the opportunity of the Fed`s midpoint for 2024 growing to 4.9% or simply fee cuts for 2024. GBP/USD's preceding support-turned-resistance at 1.27100 may want to placed a short-time...
Today's short trade was very successful, I hope everyone made money. Now, after a wave of adjustments, the market is temporarily showing signs of rebound. The focus should be on the resistance of 2168-2172 above. If there is no breakthrough here, the trend will still be short-selling. Strong resistance is at 2180-2186. From a trend perspective, the...
Gold has spoke back to uptrend resistance and will be at risk of a few recuperation here. That said, buying and selling stays optimistic whilst on this pattern. From a buying and selling standpoint, losses must be confined to 2114 IF charge is shifting better this time round with a near above 2180 wished for a follow-through. Note that the FOMC hobby fee choice...
Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards. In this case, our transactions should be mainly short and supplemented by long, which can reduce...
Gold Market Trade Idea: Descending Triangle Breakout 📉 Pattern Overview : The descending triangle pattern is typically considered a bearish continuation pattern. It is characterized by a flat lower trendline that acts as support and a descending upper trendline that indicates lower highs. This pattern suggests that sellers are more aggressive than buyers,...
XAUUSD these days March 14, 2024 withinside the international became to boom once more after a consultation of decline. SJC gold bars and gold rings, after a consultation of decline, face the danger of falling similarly if the State Bank takes intervention measures. Finance Banking Gold fee these days March 14, 2024 plummeted, approximately to fall similarly? Manh...
we'll wait for the news on 17:30 to confirm whether we BUY or SELL If it breaks the up trend line we buy If it breaks the down trend line we wait for retest or double confirmation candle then we sell
Hello everyone, the data on the number of initial jobless claims will be released in one hour. I think it has a high probability of being beneficial to gold shorts, so I plan to go short in today's data trading. If you want to follow, please strictly control the risk. Because the market has already experienced a surge, short sellers are likely to use the data...
Here's a trading idea for gold, considering the 30-minute candlestick pattern and the upcoming important economic data release: Gold Trading Idea: Navigating Economic Data Release Observation : - The 30-minute gold chart has formed a significant candlestick pattern, which traders should monitor closely as it may indicate potential market movements. Strategy...
In terms of technical form, shorts have the advantage. The current main transaction is shorting. After the decline, a small number of long transactions are added to make small rebound profits. In terms of the general trend, we only need to short. If your account is large enough and well funded, you can even hold some short positions until around 2090. Stay...
XAUUSD 1H chart, lower high, break of astructure to the downaide, looking for a sell at the 50-61.8% fibo zone. SL above the previous range high and 2R target at the swing low. Not financial advice.
Gold is a commodity and an global equivalent, tied to the fee of world currencies and different assets. The benefits of gold are that it's far to be had in restrained quantities, has business uses, and is used as a part of the gold and forex reserves of many vital banks. Unlike currencies and stocks, gold will in no way lose fee. On the contrary, due to the fact...
XAUUSD GOLD has encountered a formidable resistance level. In the accompanying video, we meticulously assess various time frames, evaluating the potential for a bullish scenario. Our analysis delves into the intricacies of trend dynamics, market structure, and price action, offering insights for educational purposes exclusively. It is imperative to underscore that...
Morning view on March 8 Review yesterday's market. Gold is still very enthusiastic. The bullish trend is obvious. It can still hold above 2147 after a series of news such as (U.S. initial jobless claims for the week) (Powell’s speech) and so on. It proves that the bullish sentiment in the market is high. During this period, the market had failed to stabilize at...
XAUUSD Gold has recently surged to a level that corresponds with its previous all-time high. A careful examination of the daily chart reveals that the price has become significantly overextended. In our comprehensive video analysis, we delved into the prevailing trend’s price action and market structure. Notably, we explored the potential scenario of gold...