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...
As I mentioned yesterday, following the substantial decline observed on the last day of April, OANDA:XAUUSD could potentially rise and test the resistance zone around 2315. Indeed, Gold rose even further to the 2330 zone before beginning to decline once more. In my view, the medium-term trend for Gold has shifted to bearish, and I anticipate a new decline...
In the 1-hour timeframe, gold appears to be exhibiting a bearish trend, as indicated by a descending channel pattern and the development of an Elliott Wave ABC pattern. The descending channel suggests consistent downward pressure, while the ABC pattern typically signifies a corrective phase within a larger downtrend. Traders may consider short-term selling...
The US greenback skilled a small decline today, with buying and selling volumes falling because of a vacation in Japan. The yen, euro and pound continue to be close to their lowest tiers from ultimate week`s chaotic session. The Japanese yen confirmed mild profits in opposition to the greenback, buying and selling at 158.05, up almost 0.2%. This modest circulate...
Gold grew to become to boom strongly once more and the gold marketplace is retaining a stable boom above 2,three hundred USD/ounce, however does now no longer see any new momentum, because the US Federal Reserve (FED) continues its economic coverage stance. Currency regulations and warnings that inflation stays a hard trouble to solve. As expected, americaA...
Gold rebounded as expected. I believe that many people were chasing short gold yesterday and today. However, after gold fell sharply, I have reminded everyone not to be overly bearish on gold. Gold may have a short-term rebound and repair.And it is very likely to copy the trend after April 23. We first went long gold in gold trading today. After gold rebounded as...
I have emphasized that there will be a lot of data on gold this week, which may affect the market at any time, so I will also stop trading when the market is unstable. Today's data is negative for gold, but gold has risen, and there will be data that will continue to affect the market. My strategy is still to wait for the rise and the end of the data before...
Dear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. I have two plans kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be rich. Loot and escape near...
Dear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is oversold at the level Bull Robbers/Traders gain the strength. Be safe and be careful and Be rich. Loot and escape near the target...
My Dear Robbers / Traders, This is our master plan to Heist of GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned 2 plans with target in the chart Please look at the chart before entry, Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous area market is overbought / Oversold...
Gold fell sharply to around 2281, then fluctuated sideways, broke upward and stood above 2900. Although this decline in gold exceeded my expectations, it still stopped its decline in the 2280 area. Then gold is still likely to use the 2280 area as support and replicate the trend after April 23, and may build a new upward channel in the short term. At present, we...
1. **Chart Overview**: - The image displays a **candlestick chart** representing the **price movement of gold** against the U.S. dollar. - Candlesticks indicate price changes within specific time frames: green for price increases and red for decreases. - The Y-axis represents the **price of gold in USD**, while the X-axis shows dates from **May 3rd to May...
Gold's 4-hour moving average crosses downwards in a short position, and gold's downward space opens up. Gold's 4-hour double top continues to suppress gold's rise. Gold fell below the last new low of 2292, and gold has resistance at the 2300 mark. If it rebounds to around 2295, it can be shorted first. Trading strategy: short gold 2295, stop loss 2305, target...
The Federal Reserve's monetary policy meeting is expected to maintain interest rates at 5.25%-5.5%. Federal Reserve Chairman Jerome Powell's speech on Wednesday will provide more clues on expectations for a rate cut. Traders have scaled back bets on the Federal Reserve cutting interest rates this year as recent U.S. economic data has been stronger than expected...
Following a very choppy price action that finalized a flag pattern, OANDA:XAUUSD experienced a significant decline yesterday, amounting to a drop of 500 pips, breaching crucial horizontal support levels at 2315 and the 2300 mark, nearly reaching the support zone at 2270. After such a substantial decline, a rebound is possible, though the medium-term trend...
Recently, there have been a lot of bearish calls in the market. The louder the calls, the stronger the rally. The two important functions that affect the price trend of gold are risk aversion and resistance to inflation. First, the relationship between supply and demand. Global gold mining and supply have stabilized, with market supply exceeding demand and...