Hello everyone! Yesterday, gold saw a dramatic swing, plummeting to $2,330 only to make a swift and steady comeback to $2,392 as of now, marking an impressive $62 increase in a short span. This robust performance underscores gold's undiminished allure amidst these volatile times.
Amidst escalating U.S. inflation, the likelihood of the Federal Reserve (Fed)...
Gold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark.
Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it...
Initiate a long position at the current price of 2377.80 for XAU/USD (Gold). Place your stop loss (SL) at 2370 to manage risk. This trade presents multiple take profit (TP) levels: TP1 at 2382, TP2 at 2386, and TP3 at 2390. By entering the market at this level, you're capitalizing on a perceived opportunity for upward movement in the price of gold. Remember to...
Overall, the price of Gold is still maintaining its upward momentum. In the Asian trading session on Tuesday, the price of gold continued to rise below the $2,400 mark.
However, political tensions in the Middle East are gradually easing, and strong economic data from China could potentially slow down the pace of gold's ascent.
Looking at the 4-hour chart, we...
Last week, gold prices fluctuated within the range of $2,300 to $2,360 per ounce until Wednesday. By Thursday, amid escalating tensions in the Middle East, the surge was palpable as gold hit a new peak above $2,400 per ounce. The momentum continued into Friday, reaching $2,431.59 per ounce before settling back down to around $2,355 to close the week.
Geopolitical...
By checking the gold chart in the 1-hour time frame, we can see that according to the analysis we had yesterday, the price started to fall from the range of $2395 and was able to correct it by more than 400 pips to $2355! As you know, the price penetrated to these levels in order to collect liquidity, and for this reason, after collecting liquidity, we saw an...
Gold prices oscillated within a narrow range on Tuesday, remaining close to all-time highs. The worsening crisis in the Middle East has weighed heavily on investor sentiment, boosting the allure of this precious metal.
Meanwhile, gold has remained resilient against a strengthening U.S. dollar, supported by a decline in U.S. Treasury yields from multi-month highs....
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region.
Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood.
Based on technical analysis, the upward trend of Gold appears likely to continue. On the...
Gold's rally didn't let up as we closed out the trading week, with the precious metal nearing the psychological milestone of $2400, marking a notable 1.04% daily increase with a surge of 240 pips.
It's clear that gold continues to enjoy robust support from market news. Ongoing geopolitical tensions in the Middle East, showing little sign of easing, are seen as a...
i expect Gold to go and stop hunt the sellers before makings its way down to start collecting the resting orders for the buyers that are waiting for NFP. Don't get caught in the drama of Gold, it has a clear plan.
PYTH:XAUUSD The price of XAUUSD has reached a record high, and both fundamental and technical analysis indicate a strong bullish trend going forward. Since there has not been a significant correction, we can consider going long based on the price momentum. It is important to note that tomorrow's NFP news may have a significant impact on the future price of gold,...
Hello traders, in my previous Gold analysis, I recommended buying Gold at the hourly support level near 2430. As you can see, that idea generated over 600 pips profit.
Currently, Gold is near the hourly support level again. So, if price doesn't fall below the 100- hour EMA level, traders can consider buying Gold@2367-2375 with stop loss below the hourly support...
Currently at a support going into weekly open.
Last wave has been retraced to its Impulse Core.
If any energy left in this wave, it should be here.
Otherwise, next support is a MAJOR fib at $2307.19.
If that fib breaks, then bulls will be done for a while.
If risk-off remains the sentiment, look for $2700 next.
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After several days of moving sideways and plunging, gold prices rebounded sharply after the US producer price index (PPI) data was released. Specifically, a report from the US Department of Labor showed that PPI in March increased by 0.2% compared to the previous month. Meanwhile, economists surveyed by Reuters predicted a 0.3% increase. After the report, both the...
Gold Geopolitical frictions in the Middle East have further bolstered gold although these risks have intensified only recently and haven't been a predominant theme for an extended period To add context investors have been nervous about Iran's potential retaliation against Israel following the bombing of its embassy in Syria Such action could escalate tensions in...
Gold has been very strong the last couple of weeks and it may very well just continue but I want to share my wave count (which I hope is following the rules of Elliott wave correctly).
I believe we are in a very strong irregular wave B of an ABC for the wave 4 on the weekly & monthly TF. The wave B itself is a WXY formation. One argument against this idea is that...
The 3h chart indicator has formed an obvious bear trend. In small-level trading, there is some rebound demand on the 30m chart, so the next focus is to focus on the resistance 2378-2383 during the rebound process.
If it cannot break through, the short forces will be concentrated again, and it will inevitably fall back to around 2333, so if you can seize this...
In my post from yesterday, I mentioned my expectation for a new drop of 500 pips in $OANDA:XAUUSD.
However, despite the price dropping by around 400 pips during intraday trading, my sell order placed just above the 2400 zone was not filled, resulting in me missing out on this drop (my target was hit but not my pending sell)
Upon reviewing the chart, it's evident...
