Gold still cannot rise and cannot break through the important resistance level of 2330. The market obviously lacks momentum. We also adjust our strategy in a timely manner and enter the market directly with short orders in the 2320 area. The k-line reached around 2330 three times but never broke through. In one hour, it was suppressed by the middle track of the...
Gold is currently in pause mode, and if the conflict between Iran and Israel eases, market focus will turn to the Federal Reserve. It is clear that the Federal Reserve is not going to cut interest rates anytime soon, which is a bearish factor for the gold and silver markets. If the conflict escalates, you will see gold rise again. For now, the focus is on...
It is not difficult to see from the golden hour chart that gold has rebounded from the high in early trading to the 2305 line below. Although the market has fluctuated a little weaker, we can clearly see that during the decline of the market, the main bulls have continued to increase their positions and have strengthened. , which shows that this wave of decline at...
: Gold has frequently experienced false breakthroughs in the recent trend. After a rapid decline, it has been rising higher. The short-term trend is a deep V. This can also reflect that gold’s willingness to fall in the near future is actually not strong. The short-term trend has been There is a signal of bottoming out. Although long orders were wiped out in early...
On Tuesday, gold fell to a short-term low of $2,315. Before the Federal Reserve FOMC meeting, the U.S. PCE index in April was 2.9%, indicating that the Federal Reserve has postponed interest rate cuts, and hawkish bets are affecting the trend of precious metals. Recently, the gold market has been fluctuating under the pressure of a 4-hour double top. The moving...
As the market worried about a broader economic recession and worries about the escalation of the crisis in the Middle East had eased, gold prices fell the most in a year, and the market's "risk aversion" sentiment further reversed, with gold prices falling 2.34% to $2,336.46 per ounce. The trend of gold has been in this gloomy pattern throughout the day, with...
Spot gold maintains a sharp decline during the day, with the price of gold currently located near US$2,300 per ounce. It plummeted $64.95, or 2.72%, on Monday to close at $2,327.18 per ounce, the largest single-day drop in more than a year. On Tuesday, it fell further, with gold prices reaching as low as $2,295.44 per ounce. The decline is already a trend, pay...
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
Gold bulls are strong, buy after falling to around 2361, tp2386
Gold hits the resistance level, and the indicator needs to be repaired. Go short first and pay attention to the support near 2352. Go long if it does not fall below. The rebound resistance is near 2368-2373. If it cannot reach the breakthrough, go short again, with the target near 2343-2337
Thursday's data was bullish for gold, triggering a surge in gold prices, so current bearish thinking needs to be put on hold. This boost to gold's rise has broken through the short-term shock range, and the upward trend has initially begun. But if we want to maintain a steady rise, confirmation of a short-term correction is still needed. The callback points...
Because the number of people filing for unemployment benefits in the United States increased more than expected that week, it strengthened the market's bets that the Federal Reserve will cut interest rates this year; in addition, the failure of ceasefire negotiations in the Middle East increased the market's concerns about the situation in the Middle East, and...
I m posting as per my trade expert Short selling trade setup on XAUUSD Wait and watch for this trade ( trade on your on risk ) this is only for educational
We dive deep into the recent movements of Gold (XAUUSD) following the release of the US Nonfarm Payrolls (NFP) data. On Friday, Gold initially surged to the $2,310 zone after the NFP numbers missed markets' expectations, signalling a cooling jobs market. However, bears quickly took control, pushing the price back into a demand zone identified on the chart. The...
Gold has been rising slowly today without any correction, but it is not yet certain whether the rise in risk aversion can continue to amplify. Gold will continue to rise, and there must be news to stimulate further support. Gold has now reached the early intensive resistance area, and beware of a pullback under pressure.
In fact, everyone should have noticed that the market this week is too boring. Gold currently continues to fluctuate in the range of 2320-2307. This gives many people who trade gold a headache. So what will be the short-term trend of gold? This is a point of concern for many gold traders. Combined with the picture above, the market is currently in the stage of...
Hello traders, I'm focusing on a potential short opportunity for XAU/USD (Gold) using Elliott Wave principles. Our chart suggests that we are nearing the completion of a bullish impulse wave, which often precedes a significant corrective phase. The market seems to have completed or is close to completing wave (5) of the bullish sequence. This setup typically...
TP: 2214.979 SL: 2400.746 In this trading strategy, we present a compelling opportunity for a short position on the XAUUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...