After previously predicting that gold would reach $2350 and it has occurred, with gold retracing back to $2325 at the time I made this idea, according to my analysis, gold will continue its decline to at least $2310, and if it continues to weaken, it might reach $2300. Key level: $2325 (Entry) Target: $2310 Stoploss: 1:1 with target Disclaimer: This is not an...
XAUUSD Forecast: Two Predictions In Play 1. THE CRASH. Strategy: Daily candle managed to close with a bearish candle.. if you take a look at H4… it has created a selling structure. Action: H1 has also created a selling breakout, we will sell within the continuation zone until a proper buying structure is created 2. EXTENSIVE FLIGHT! Strategy: Price...
Morning Traders ☕️ This is my plan for today 💡 Nothing changes from yesterday as price did do much 👀 We wait patiently for gold to make a move and decide were it wants to go. I marked the zones were I expected to see a reaction. We have a busy week with news, so wait and see what opportunities the markets have to offer. I just enter a buy position now entry...
📉🚨X AUUSD Market Alert: Bearish Flag Breakdown Imminent!🚨📉 OANDA:XAUUSD Traders, get ready! The XAUUSD market is showing significant bearish signals between the falling trend. We've identified a bearish flag and pole chart pattern that has now completed, setting the stage for a potential breakdown. Here's the detailed breakdown: - Pattern Insight: The...
During the Asian session on Tuesday, spot gold fluctuated widely. The price of gold barely held the 2330 mark on Monday, helped by the weakening of the US dollar, but was still under pressure below the 21-day moving average of 2340. The market focus turned to the Federal Reserve policy meeting and the US non-farm payrolls to be released this week. data for clues...
OANDA:XAUUSD stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of US interest rate cuts. America. Israel stepped up its attacks on the Gaza Strip, its worst shelling in weeks, but fears of a wider conflict eased after Iran...
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The near-term appeal of the precious metal remains weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
US GDP data for the first quarter of 2024 was lower than expected, increasing speculation that the Federal Reserve may reduce borrowing costs. However, inflation has risen sharply over the same period, which will delay the Fed's interest rate cuts. The U.S. Bureau of Economic Analysis reported on Thursday that U.S. gross domestic product (GDP) grew 1.6%...
OANDA:XAUUSD market could see more volatility next week on news from the Federal Reserve and is expected to signal that it will not be ready to cut interest rates in June. Although expectations of loosening policy by the US Federal Reserve are fading, gold prices have also increased about 17% since February this year. Gold's strong performance is linked to...
Here is our detailed technical review for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2323.122. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2266.939 level. P.S We...
As price under construction reverse pole and falg pattern pls like for support thank you
Introduction - This is closure for binary forecasting for the people who follow it. Consider this draft as clarification for these two months as it relates to the standing long term forecast in Rumors of a Pivot, Part 3: Details - These are two most likely routes to June FOMC. In theory, whatever ultimately happens should be simple variations of these two...
Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of 2,305 USD/ounce, losing all the gains...
- I'm still favoring bull case - Wave 2 turned out to be more complex; still waiting for wave 3
i am sharing my own idea before applying in your trade do your own research gold looking bearish at the moment and forming bear flag
Gold prices are expected to increase for the third consecutive month ahead of the Fed meeting Gold prices are on track to increase for the third consecutive month thanks to strong demand from central banks. Attention is now on the Fed's interest rate decision meeting this week, where policymakers are expected to take a hawkish stance. As of early Asian session,...
5hr: 30m: 👁️ OUTLOOK Commodities: XAUUSD 5hr: Clearly have been breaking bullish in the last 30 days. Currently in re-accumulation but still below the 10ema and the 50ema. 30m: I wanna see price start breaking bullish inside the 30m time frame and start breaking above the 10ema and 50ema to show a clear sign of money coming in before looking for longs. Bias:...
Today's focus: Gold Pattern – Lower High swing point Support – 2290.50 to 2315 Resistance – 2338.40 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on its daily chart. Do we have a new swing lower in play after sellers formed a lower high? This could be the case, but we still need some confirmation. In today's video, we...