As observed on the daily chart, Gold price confirmed an upside break from a month-long symmetrical triangle formation after closing convincingly above the falling trendline resistance at $2,036 on Wednesday. The 14-day Relative Strength Index (RSI) indicator points north above the midline, suggesting that there is enough room for the upside. Traders have paid...
Xauusd Traders have paid little attention to the Bear Cross validated on Tuesday after the 21-day Simple Moving Average (SMA) crossed the 50-day SMA from above on a daily closing. With the bullish bias likely intact in Gold price, the immediate strong resistance is seen at the previous day’s high of $2,056, above which the December 12 high of 2,062 wil be tested....
after 2 consecutive news Unemployment Claims ISM Manufacturing PMI XAU continues to rise Expected to cool down after 2 good news for XAU Please trade with discipline and wait for further developments Wish everyone happy trading
Technical Analysis Insight: Detailed analysis of XAU/USD charts reveals key resistance levels and trend patterns. Identification of potential reversal signals and indicators pointing towards a bearish trend. Fundamental Considerations: Examination of current geopolitical and economic factors influencing the gold market. Assessment of inflationary pressures,...
Gold price is back in the green, on its way to retest the two-week high of $2,056 set on Wednesday. The US Dollar is fading its uptick amid a renewed appetite for risk assets, as markets cheer China’s fiscal support while assessing the US Federal Reserve interest rate outlook.
Previous analysis followed the plan perfectly. Now it's pulling back and might pull a bit higher than I anticipated in my previous analysis. If it gets to my area, it's going to be another sniper. Lets see how this will play out.
yesterday after FOMC Gold price attracts some buying for the fourth straight day on Thursday and moves back closer to over a two-week high, around the 2056 area touched the previous day. Gold price was already up before the FOMC and after that it cant hold his main resistance 2056 and down to 2040 area which is also looking weak atm. The US Dollar (USD)...
Today XAUUSD Setup | GOLD 01st of February 2024 01 : Around BUY 2040 TP 2045 - 2050 02 : Around SELL 2050 TP 2045 - 2040 03 : Around BUY 2030 TP 2035 - 2040 04 : Around SELL 2060 TP 2055 - 2050 05 : GOLD Broke 2050 - BUY Trade 2055 - 2060 06 : GOLD Fell below 2040 - SELL Trade TP 2035 - 2030 07 : GOLD Fell below 2030 - Buy Trade TP 2025 - 2020
Gold Last night time there has been information that Manh completed decreasing Manh`s rate through 10. Currently Gold is growing once more in step with the trend. >Last night time, all people looking Gold certainly noticed that Gold dropped to Ma89 in H1 after which extended once more. > Currently, I see Gold has extended. Everyone can watch to shop for GOLD once...
Short Meltdown Incoming!!! Entry positioned in London High, which turns out to be NY session Fibonacci point, also alligns with classic Fib retracement Golden zone. Stop loss above daily high. Profit target from 2020s and lower. From my fundamental part of analysis, my take is that Fed won't cut the rates and that press conference as Fed statement might be very...
He'll all friends I am RK Shayar with you. Xauusd are live Sell all people make a profit on gold... Your losses recover fast all please sell the Xauusd trade 1 profit Target 2044 2. 2038 3. 2032 But assume only 1 and 2 Target 🎯 Thank you Follow me for new ideas and on insta @rkshayar786
The four-hour gold line is an obvious bearish engulfment. The big negative line entity directly covers the rebound range of the positive line. Especially overnight, the gold bulls once rushed to the 2048 line, and a big negative line covered it all. This is the strength of the short sellers, and the K-line is bound to return. Moving average, this is a matter of...
During the January 30 session, world gold prices increased to $2,046 and then adjusted down to below $2,030 after the December job vacancy report was higher than expected. Currently, gold is falling slightly to $2,033 as investors wait for the Fed meeting. While the overall outlook for 2024 for gold is bullish, the precious metal will experience more volatility in...
Gold price (XAU/USD) ticks lower during the Asian session on Wednesday and retreats further from a two-week high, around the 2048-2049 region touched the previous day. The overnight failure to find acceptance above the 2040-2042 supply zone and some follow-through selling below the 50-day Simple Moving Average (SMA), currently around the 2030-2029 region,...
Gold is still moving within range of 2020-2030 from few hours. Here is my short entry atm... Be careful to enter in trade. SL: 2043 TP1: 2016 TP2: 1996 It has touched it day time high 2038 in Asian market and hopefully it will retest 2000 area as well. Note Please never follow anyone blindly and always remember following key points: 1- First and Last...
Gold appears to exhibit a bearish sentiment as it adheres to an ascending channel. Traders should monitor the potential breakout below the ascending trendline for confirmation of a downward move. Exercise caution and consider setting stop-loss levels to manage risk effectively in this evolving market scenario.
Now we have a great rejection after filling FVG at 2047 Potential HnS in development after retest of the resistance created at 2039-2040
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is unable to take advantage of the previous day's strength above the 50-day Simple Moving Average (SMA). Instead, it is moving within a narrow trading range during the Asian session on Tuesday. Despite remaining below the $2,040-2,042 supply zone, the precious metal is still...