Technical analysis: Gold was currently approaching late February - early March Ultimate Top’s bottom of #2,185.80 - #2,195.80, after almost #3-consecutive break attempts which resulted as an rejection. During past #7-session horizon Price-action failed to break #2,185.80 local Top’s. With #2,152.80 benchmark seen Trading as strong Support which held many times in...
Technical analysis: Gold was currently approaching late February - early March Ultimate Top’s bottom of #2,185.80 - #2,195.80, after almost #3-consecutive break attempts which resulted as an rejection. During past #7-session horizon Price-action failed to break #2,185.80 local Top’s. With #2,152.80 benchmark seen Trading as strong Support which held many times in...
Gold prices recovered on Wednesday after a pullback to the $2,150.00 region, and traders seem convinced that the US Federal Reserve (Fed) could cut borrowing costs. Nevertheless, the latest hotter-than-expected inflation report in the United States might deter Fed officials from easing policy in June, contradicting market participants' speculation. Therefore, the...
1h trendline, 15m supply zone should cause gold a pullback.
In the world of investments, gold has retained its allure through centuries as a safe haven and store of value. Its enduring appeal transcends cultures and generations, offering stability amidst economic uncertainties. As financial markets fluctuate, gold stands as a reliable hedge against inflation and geopolitical turmoil. Beyond its monetary value, gold holds...
Gold continues to shine as a beacon of stability and wealth preservation in uncertain times. With its intrinsic value and universal appeal, gold remains a sought-after asset for investors seeking to hedge against economic volatility and inflationary pressures. Amidst shifting market dynamics, the allure of gold as a store of value remains unwavering, offering a...
In the dynamic realm of financial markets, every surge and dip holds the promise of opportunity, none more tantalizing than the gleaming allure of gold. As the trading floor pulses with the heartbeat of impulsive momentum, seasoned investors recognize the signs of a bullish uprising, beckoning them to seize the golden moment with strategic finesse. A short,...
Dear Traders, Gold has been extremely bullish since last couple of weeks, brough enormous amount of volume in the market. However, as price continued rallied, it is hard to say when it will stop rallying and start dropping. It is extremely hard to know the pin point of reversal areas. In our opinion, price has pushed more 4 times in similar pattern which...
#GOLD... Well guys market from last some sessions trade in range. Now we have 2165 to 2167 region as major resistance area in current scnerio, Keep close it guys because if market hold that region in that case you can see again upside move otherwise not at all. If market hold it then a drop expected towards downside supporting areas. Good luck Trade wisely
In the March 13 session, gold rebounded after Tuesday's decline when the CPI report rose higher than expected. The precious metal traded between $2,156 and $2,159 for most of yesterday before rebounding sharply to end the day at $2,177. Gold's rise was partly supported by the weakening of the USD and US government bond yields. Today, the market will receive a...
GOLD could not go higher and failed to break through the resistance level. It broke and closed below the support level; breaking the channel, and it will most likely go down further. Price action is trading in the consolidation zone. It retested the resistance following a channel breakout. We expect the support zone to be tested. ------------------- Share...
Amidst the prevailing market conditions, there are indications suggesting that gold may face downward pressure in the near term. Despite its traditional role as a safe haven asset, gold's recent performance has been characterized by fluctuations and uncertainties. Factors such as improving economic indicators, rising bond yields, and expectations of tightening...
Hi traders, it clearly signifying the strength of bulls in the market today, being DXY overbought 4H, hence bulls taking the advantage of the DXY possible correction. Thus if market dive down to retest the support, we go for buy today. Good luck. Disclaimer; do your due diligence please.
Hello,Friends! We are targeting the 2174.986 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Gold, a precious metal steeped in history, continues to captivate investors and enthusiasts alike. Its timeless allure transcends borders and generations, serving as a symbol of wealth, stability, and luxury. Amidst the volatility of modern markets, gold stands as a steadfast store of value, offering a hedge against inflation and economic uncertainty. From ancient...
On March 13, 2024, the price of gold might go down because it dropped from its recent high of 2180 to around 2150-2155 , Yesterday the price down from 2170 to 2153 (It was lower high) Sell Sell when the price reaches 2170-72 www.tradingview.com , Target to close at 2160 Alternatively, sell at 2177-78 with a target of 2166 Buy: If the price drops to...