XAUUSD breaking out of parallel channel and after retest aiming up for new Higher High from 05 fib level. Buy with SL below prev HL.TP marked with Risk reward 1:2
Not much has changed on Gold. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, you can find out more in the Daily Gold posts. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the...
Hello traders. Happy Monday. We are currently in an area of interest for potential scalp buy and sell trade set ups. $2433 area needs to hold as support for gold to move up, if we break and close below, then we can expect a nice scalp sell. On the buy scalp side, if $2433 area holds as support, we can expect a nice push up to retest the 2450 area and possibly...
I’ve set this at a short trade for today what I fancy
There is a potential trend reversal on the 1 hour timeframe. If it's going down, the downtrend will be followed up on higher time frames so a huge sell. Stop loss :2441.5 Take profit: 2382.4 or keep it open and wait for higher time frames
Use the C9 Fib numbers on the previous range, the entry should only be the 1st at most in a trending market
💥GOLD information Gold has just set a new all-time high, as investor demand across the entire market skyrocketed due to growing confidence that the US will cut interest rates this year. Gold bars rose 1.1%, reaching $2,450/oz early in the European session, surpassing the previous record set in April. This price increase is said to be due to traders becoming...
💥 GOLD information World gold prices increased with spot gold increasing by 21.9 USD to 2,357.6 USD/ounce. Gold futures last traded at 2,363.6 USD/ounce, up 21.1 USD compared to yesterday morning. Weakness in the USD and Treasury yields following US producer price data for April provided a boost to the yellow metal. The dollar fell 0.2% after US data made gold...
Regarding developments and results last week: The international gold market received a lot of economic information from major economies such as the US, China, and Europe. In particular, the US releases producer price index data. (PPI) and consumer price index (CPI) April 2024. Looking at gold's volatility and fluctuation range this week, it is predicted that this...
Gold has been rising all the way to new highs. After gold hit a high near 2450, it encountered resistance and fell back. The strength of the rise has weakened. In the short-term trend, the top shock has obviously narrowed. In the short-term, it may re-choose its direction. Moreover, the technical level deviates from the technical indicators, and gold has a need...
Hey there on 4hTF The Gold can touch 2430 and then will see downside 2396 so we can now wait for again touch 2430 and forward to sell area
Appears Gold is back on the move up Don't see any reason for Gold not to still be wanted Just profit taking from big run up end of last wee k
Hey traders here we share the gold forecast for this week. keep like and share your opinion.
The world price of XAU last week increased beyond 2,400 USD in the context of many price increasing catalysts An important catalyst driving gold prices up is the recent Consumer Price Index (CPI) report, which showed that inflation decreased slightly in April, lower than economists' forecasts. The data fueled market optimism that the US Federal Reserve (Fed) could...
The global rate of gold ultimate week accelerated past 2,four hundred USD withinside the context of many rate growing catalysts An critical catalyst riding gold fees up is the latest Consumer Price Index (CPI) report, which confirmed that inflation reduced barely in April, decrease than economists` forecasts. The statistics fueled marketplace optimism that...
🥇 #XAUUSD | 4 HOUR TIMEFRAME UPDATE We can look for confirmation to open a LONG position in the range of $2346 - $2325. ✔️ The objective for this Upward movement is to achieve $2355 - $2364 - $2378 - $2400 - $2430 📈
We might see a decline in Gold price movement real soon. When the price hits and closes within the zone marked in black , we might see a strong decline in price but if the price closes above the black zone, then the price movement might retest the previous resistance zone before we see another decline in price. Note: This is just for reference purpose. DYOR....