On Tuesday (April 23), during the European trading session, gold continued the decline of the previous day. Spot gold remained volatile after falling sharply in the Asian session, falling as low as $2,295.49 / ounce. More bulls took profits amid a pullback in gold prices as easing fears of conflict in the Middle East boosted investor risk appetite, reducing...
Hello traders! OANDA:XAUUSD The bulls seem to be holding firm in the market, with an ascending triangle forming. The uptrend could continue with a break of $2,330. As I mentioned: An ascending triangle is forming, price is compressed at $2330, however price is quickly breaking out towards a likely target where bears are holding $2335 - $2340, In the current...
Dear friends! In general, since gold took profit at 2418 USD, the price has dropped sharply, this is carefully observed on the daily time frame, clearly built by 3 strong bearish candles at one point reaching 2291 USD! However, the price quickly bought back this decrease to reach the 2338 USD mark. On the contrary, for this growth momentum, I am expecting and...
Hello dear friends, let’s recap last week’s gold prices and strategize for the upcoming week. Overall, last week gold saw no startling fluctuations, adjusting downward from $2400 to $2338. This decrease followed a cyclical pattern in gold’s movement and was within expected trading behavior, so there's no immediate cause for concern about this metal. In the last...
Fundamental analysis: Gold futures in New York extended their record rally on Tuesday, buoyed by buying momentum and geopolitical risks. COMEX gold futures rose 0.89 percent to close at $2,372.00 an ounce on Tuesday, after hitting an all-time high of $2,384.50 an ounce earlier in the session and hitting a record high every day since March 28. Investors are...
The gold has formed a pattern through the cup and handle. Therefore, this wave pattern is the target is 3000 ++ ^_^
Market review Spot gold on Friday (April 12) opened at $2372.2 / ounce, Asia-Europe trading hours, the US index in the $105 horizontal for several hours, the afternoon pulled up more than 30 points, the index hit a new high within the week. Gold continued its strong momentum, and the price rose directly to the $2,400 area without adjustment. As of now, the gold...
Trading is a trial and error process! In the case of continuous errors, the main problem is the shrinkage of funds and psychological suffering! A trader must reduce the probability of mistakes, because your profit comes from someone else's loss. That is to say, when someone makes a mistake, there will be profits for people to earn in the market, but you can't...
In the recent gold market, the overall uptrend structure has not changed, although the price has retreated after surging above $2,430 / oz. This pullback is seen more as a market correction than a reversal of trend. In the big cycle, the bullish upward pattern of gold is still solid, and it is expected that after the correction, the market will continue to...
On Wednesday (April 17), spot gold maintained a volatile trend, reaching a high of $2394.22 and a low of $2372.61. It was trading at $2,381.69 an ounce, down 0.02%. Gold has regained traction after rebounding from last week's all-time high of $2,431 and once again falling below the psychological level of $2,400 an ounce. Overall gold market sentiment remained...
There have been a series of incidents in the Middle East in recent weeks, including the conflict between Israel and Iran and an attack on Saudi Arabia. These events have raised concerns about geopolitical risks in the market, which has given gold prices a certain boost. However, if these events are mitigated, gold prices could see a pullback. Economic data...
Analysis of the latest gold market trends: Analysis of gold news: On Tuesday (April 23), spot gold maintained a sharp decline during the day and rebounded sharply during the US trading session. The price of gold is currently around US$2,319 per ounce. Gold prices slipped to their lowest in more than two weeks on Tuesday as concerns over an escalating crisis in...
Trend analysis: Yesterday we have defined and emphasized the market trend. The current market trend is biased towards short positions, so the operation still needs to be high-altitude. If the market in today's early trading continues to break down strongly from Monday and Tuesday, then the market is still dominated by strong short sellers, but in terms of the day,...
After the United States released mixed economic data, the U.S. dollar fell slightly, giving gold some support and maintaining a stable situation. A report from the U.S. Department of Commerce on Thursday said that U.S. gross domestic product (GDP) grew at an annual rate of 1.6% from January to March, lower than the 2.4% expected by economists polled by Reuters....
Hello dear friends! Today, gold is on the rise again, well-protected as the bulls successfully maintain prices above the $2300 support level. Gold has climbed nearly 150 pips from the same time yesterday and is currently hovering around the $2335 mark, near the EMA 34 and 89 lines. The short-term trendline continues to favor buyers. As long as the $2300 support...
Hello everyone, gold continued its recovery during the last trading session on Friday, with the metal trading around $2340 USD and marking a 0.3% recovery for the day. This resurgence was driven by last night's downturn in the USD, which provided momentum for a recovery in XAUUSD. In the short term, this metal continues to receive support from investors as it...
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...
Welcome investors! Let's analyze the gold market situation after notable fluctuations in recent days. April 25 witnessed a sell-off of stocks globally, leading to US and European stock indexes sinking deeply into the red. This prompted many investors to redirect their investment capital to precious metals such as gold, causing gold prices to skyrocket that...