Potential Buy Alert for Asian Session : I've identified a promising buy opportunity with a range from 2290. Despite the current bearish trend, I'm confident in a favorable setup that needs filling up. Our target to book profits stands at 2307. Stay tuned for updates on this trade as we monitor its progress closely. Let's seize this opportunity and see how it unfolds!
Hey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Last week we were seeing price test the updated Goldturn ascending channel top and stated that we were likely to witness either a break above the channel or some resistance and some correctional retracement for a level to...
Gold last week was generally recovering from Monday's sharp decline. During the week, it once retreated downwards and broke through the 2300 integer mark to reach around 2291 and rebounded. Gold prices were supported above 2320 throughout the day on Friday, maintaining bullish shocks, rebounding and repairing, and accelerated higher before the US market in the...
XAUUSD after the price was able to break through the 2291 level, it is expected that the price has a chance to test the 2263 support zone if the price is unable to break through. It is expected that in the short term there is a chance that prices will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
According to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over...
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...
I would say that the month of April was very weak for Gold. Even though the market updated the ATH and we saw quite a strong rally at the beginning of the month, bulls quite quickly lost the momentum. We can even conclude that the rally finally stopped and the market started to consolidate within a horizontal range. For the last 10 days we see a steady shift...
Today, the US economy will release a series of April economic data and non-farm payrolls reports. At the same time, the Fed ended this session. It is likely that the employment report will have a strong impact on financial markets, including gold. Traders have lowered expectations about the timing and extent of US interest rate cuts this year after published...
Yesterdays sells worked out really good, from my own analysis and source market makers are buying today. This is why they have prices lower so as to get discount. I am bullish for todays end of the month trade. Entry at 2312 stops below 2305 targets back up at 2338. Use proper risk management. This is not a financial advice it is for educational purposes and a...
Accordingly,DXY fell nearly 1% however,the weekend session saw a rather strong withdrawal,Somewhat narrowing the downward momentum.this has pulled the us dollar down and raised the price of gold in usd.
Fundamentals This Friday, the US Department of Labor will release the April nonfarm payrolls report. Current market expectations suggest the report will show robust growth in employment momentum, with continued easing in wage pressures. A Bloomberg survey's median estimate anticipates a seasonally adjusted nonfarm payroll increase of 240,000 jobs in April....
World gold prices decreased due to investors' psychology of market exploration, causing demand to become weaker, pulling gold prices back down to around 2,300. World gold has dropped 5% from the record level of 2,431.29 USD/ounce set on April 12 in the context of tensions in the Middle East cooling down and expectations of the US cutting interest rates soon this...
📊 Due to the decrease in the upward movement momentum of the price, if the range of 2310 units is broken and the price stabilizes below it, the price may fall to the range of 2295 units🎯, and in the case of the strength of the range of 2280 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 2340 units.
Gold is ready to drop lower and test the 2300 level, I expect price to rise alittle hihger to the order block on 2340, this will give me a sell entry, stops are above the 2347 level. Use proper risk management.
GOLD TRADING SCENARIO ON MAY 6, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2298, then Buy Gold right away. TP hopes to reach 2313, which is further than 2333, but there are conditions needed at 5:00 p.m. Gold closes above 2308, and vice versa. Gold closes below 2308, then exit Buy and move. Sell direction to 2291. Sell orders at...
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...
The movement of gold has ended in its descending channel and in my opinion, we can expect gold to rise to 2500 after today's news. Let's see what happens!
Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2321.11. Taking into consideration the structure & trend analysis, I believe that the market will reach 2404.25 level soon. P.S The term oversold refers to a...