Spot gold prices were mixed on Monday, trading around $2,335, driven by a weaker U.S. dollar. Traders await key data from this week's U.S. Federal Reserve meeting and upcoming U.S. economic data, with market expectations tilting toward interest rates holding steady, but any hawkish stance or hints of delaying a rate cut could push the dollar higher. In the short...
Gold prices opened up room for upside after breaking through the key pressure level of 2333 on Friday, but bulls encountered resistance and fell back at the key pressure level of 2352, and finally managed to hold on to the 2332 mark. As expectations of the Federal Reserve's interest rate cut were once again cooled, and geopolitical risks were reduced, gold...
The intraday trend of gold is not strong, and overall it still remains within the ascending channel. The current channel low support is at the 2325 line and is still rising. At the same time, the moving average continues to maintain the golden cross trend, and then gold falls back. Near the support below, continue to be bullish on the 2329 line in the evening!...
Gold started to retreat after reaching a high of 2326 yesterday, and did not extend the retreat on Friday night, thus forming a volatile downward trend. From the monthly level: the monthly line has given a long upper shadow line of 100+ US dollars last month. This K-line shape is effective for short sellers. The monthly K line can continue to be short on gold; the...
Gold's 4-hour moving average continues to cross downwards and the short position is arranged. Gold's recent rebound has all surged higher and then fell back. The bulls have not yet made any efforts to counterattack, and gold continues to be controlled by the bears. Gold has risen rapidly and then fallen back quickly, indicating that the bulls are not very...
Today you need to pay attention to the impact of US non-farm payrolls data and unemployment rate on gold in April. Today's golden range is 2280-2344, and the small range is 2290-2330 You can trade within the range. Every Friday's trend is quite unexpected. You need to have stricter SL to prevent gold from causing you greater losses because the data breaks...
INVALIDATION: BEYOND 150% (2353-2354). Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
XAU-USD keeps falling down But a strong horizontal Support level of 2303.8 So after the retest I think That will make A local bullish rebound !
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The greenback continues to weaken but gold is not really benefiting Gold price is currently quite calm around the 2,305 USD mark. Optimistic market sentiment, falling US government bond yields and a weakening USD are the factors that are having the main impact on this precious metal. Investors are continuing to evaluate Chairman Jerome Powell's comments on...
This morning, I shorted gold near 2326.31, and as gold fell back to hit TP: 2315, I profited and left the market; I added positions and went long gold near 2296 and 2286, and as gold bottomed out, it hit TP again: 2300 profit and exit. The total profit exceeded GETTEX:14K , which was another good profit for several days in a row! Tomorrow will usher in a golden...
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 is trading at 2296, with a notable resistance level observed at 2300. Should gold breach this resistance, traders may consider pursuing the following targets: 2310 to 2318. Alternatively, should a sell pattern manifest, indicating a potential downturn, traders may anticipate the following support levels: The initial support rests at 2275, followed by...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surged above $2,300 as the Federal Reserve announced a slower balance sheet reduction and provided no indication of lowering interest rates. Fed Chair Jerome Powell stated that rate cuts would only be considered once inflation reaches its 2% target. ⭐️ Personal comments NOVA: Gold price...
The Federal Reserve's interest rate decision on gold has kept interest rates unchanged, and the Fed is still doubtful about the next interest rate cut. It is still a bit difficult for gold to reverse directly into a deep V, and it is not enough for gold to reverse directly. Gold's 4-hour moving average is still a dead cross downwards, and the 4-hour double top is...
Recently, gold has been looking different every day. Yesterday, gold maintained an upward trend, but today it hit around 2328 and then fell back. The current lowest level has hit around 2295. The lack of continuation of gold's long and short positions has brought us a certain degree of difficulty in trading. Gold is currently trading near the 2298 position. ...
🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to the theory of Elliott waves , Gold seems to be completing corrective waves in the 15-minute time frame . The structure of the corrective waves is Zigzag(ABC) . 🔔I expect Gold to Go Up to at least the Resistance line and 🎯 Targets 🎯 I've identified on the chart. Gold Analyze (...
🏃♂️ Gold is moving near the 🟢 Support zone($2,327-$2,302) 🟢, 100_SMA(4-hour TF) , Yearly Resistance(2) . 🌊According to the theory of Elliott waves , Gold seems to have succeeded in completing wave 4 with Double Three Correction(WXY) . 📈In terms of Classical Technical Analysis , the 🏳️ Bearish Flag Pattern 🏳️ is well visible. 🔔I expect Gold to fall...