Gold rebounded after ultimate night`s information and persisted to boom on this morning's buying and selling session
Gold weakened after US manufacturer charge information for April become released. (PPI) in April of americaA elevated in comparison to the preceding period
The Fed will retain to keep restrictive economic coverage till inflation declines
Fed...
I'm expecting a trend-following trade from the current daily support level where the market price is now. I found a double bottom trading pattern on the 1-hour chart, along with a falling channel. Both patterns look the same, and there has been a break above. Now, I'll look to take a trade on the retest.
Entry 2338.54
Sl 2329.25
Targets 2358 , 2364, 2369, 2374
Gold rose strongly today, reaching its highest level near 2419. It has now fallen back and is trading near 2406. I have been emphasizing since yesterday to close all short positions in the 2380-2375 area and commit to long gold. After going long gold yesterday, we continued to go long gold near the 2382 position today and successfully hit TP: 2390. .Today...
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could...
Price is currently making lower highs and lower lows. We may see a move higher before resuming the down trend.
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No high impact news today, gold tourtle souped above previous asia High, entered into 4 stdvi area, broke 2 stdvi area in yesterday NY session and is expected to go lower to the 4 stdvi area for this london-NY session.
Helllo traders. Currently on the 4 hour chart, I am watching the $2383 / $2381 area and I am watching the $2390 area. Looking for a break and close above or below these areas to catch a good scalp trade on the retest if we get one. This is just speculation and some trade set ups I am looking at. Always do your own research before taking any trade. I trade...
Here we go again, this is XAUUSD structure and this is market structure so whatever trading style you are using here is your bias and then use your trading style to find only buy entries till we break out of the highs above. Do well to like share and follow.
Hey there on 30mTF the Gold can diverge upside from 2382-2380 and the next support for upside again 2376 so we can today see 2400$ or if the break 2376 line than we can see more downside possible
Good morning Traders
This is my plan for today :)
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Hello,Friends!
Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2372.619.
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A falling wedge is a technical chart pattern that forms when the price of an asset consolidates between two downward sloping trendlines. It's characterized by contracting price swings, with the upper trendline sloping downwards at a steeper angle than the lower trendline. This pattern typically signals a bullish reversal, as it suggests that selling pressure is...
The gap between the bullish channel's top border and the current price, along with the fake breakout, indicates significant bearish momentum.
If you entered a short position at the top of the channel, consider partially exiting now and holding the remainder until around 2318.17.
XAUUSD is falling toward the pivot that aligns with the 50% Fibonacci retracement and could potentially bounce off and rise toward an overlap resistance
Alternatively, if price breaks below the pivot, it could continue to fall to another support level
Pivot: 2330
Support: 2285
Resistance: 2377
Risk Warning:
Trading Forex and CFDs carries a high level of...
XAUUSD has presented itself with a break and retest of a previous support zone, With prices showing bullish exhaustion we can expect a bearish push too fall 40-100+ Pips. If your taking this trade do your own analysis to insure that this trade aligns with your strategy and use proper RM.
