End of day update from us here at KOG: Gold, order to order, played into the lows, from the lows wanting the 2350-55 level and we got it. Now, support stands at 2330 which is being attacked which will determine where we close. Unless we bounce and get a late session move, resistance now stands at 2345 with the potential to close here and range. Longs with...
Dear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is oversold at the level Bull Robbers/Traders gain the strength. Be safe and be careful and Be rich. Loot and escape near the target...
Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
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...
Introduction - Bulls are setting up for a double bottom with a "V" reversal. This means the median will hold. This means 2500-ish on or before 05/23. This does not mean a straight line there though, because medium term 2-way vol is set to stay high all the way to June. Details - See previous drafts for how we got here. Warning - If you are new to this...
Hello,Traders! SILVER is trading in a Local downtrend and the Price has formed a bearish Flag pattern so IF we see A bearish breakout then We will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Gold has been bullish against the US dollar in recent day trading sessions, driven by geopolitical tensions, economic uncertainty, and a weakening dollar. Technical indicators support further upside potential, with traders likely to continue buying into gold as a safe haven asset. The outlook for gold in day trading remains positive, with potential for continued...
As the market worried about a broader economic recession and worries about the escalation of the crisis in the Middle East had eased, gold prices fell the most in a year, and the market's "risk aversion" sentiment further reversed, with gold prices falling 2.34% to $2,336.46 per ounce. The trend of gold has been in this gloomy pattern throughout the day, with...
In the past two days, gold rebounded above 2330 and fell back. Now it has been converted into a support level. If the fall does not fall below 2330, then gold can rely on 2330 to support the bullish trend. If the data is negative and directly falls below 2330, then the rebound will continue to be bearish. "Emotional trading is fatal. A good trader must keep an eye...
U.S. first-quarter GDP growth released on Thursday fell short of market expectations, dragging the U.S. dollar index to a nearly two-week low and helping gold prices hold on to key support. During the day, we will focus on data such as the annual rate of the core PCE price index in March in the United States, the monthly rate of personal expenditures in the United...
It is not difficult to see from the golden hour chart that gold has rebounded from the high in early trading to the 2305 line below. Although the market has fluctuated a little weaker, we can clearly see that during the decline of the market, the main bulls have continued to increase their positions and have strengthened. , which shows that this wave of decline at...
On Wednesday, gold rose as high as the 2336 area, but did not stand firmly above 2330, and then fell back to recover its short-term gains. Focus on Thursday's announcement of the number of people filing for unemployment benefits and the quarterly personal consumption index in the United States, which may push gold to strengthen further.
The precious metal's near-term appeal remains weak as tensions in the Middle East ease and safe-haven demand weakens. Additionally, investors are cautious on gold ahead of the release of U.S. first-quarter gross domestic product (GDP) and March core personal consumption expenditures price index (PCE) data on Thursday and Friday respectively. Gold prices fell in...
Yesterday, it continued its downward trend and fell below the $2,300 mark, reaching as low as $2,291. Based on the previous day's high, the two-day retracement was nearly $100, completing a retracement adjustment in a relatively short period of time. The retracement of the gold price itself is an adjustment. It is under such expectations that we effectively seized...
Spot gold maintains a sharp decline during the day, with the price of gold currently located near US$2,300 per ounce. It plummeted $64.95, or 2.72%, on Monday to close at $2,327.18 per ounce, the largest single-day drop in more than a year. On Tuesday, it fell further, with gold prices reaching as low as $2,295.44 per ounce. The decline is already a trend, pay...
After the intraday shock and correction, the short-term position is currently intertwined with the moving average near 2375. The short-term trend begins to show a bottoming trend and begins to exert upward force. Trading strategy; go long in the 2370-2373 area, target 2390.
The Times of Israel's latest report on Tuesday stated that the United States expressed confidence that Israel would not attack Iran directly and would instead focus on its proxies. The British "Financial Times" reported on Tuesday that the United States and its European allies have stepped up efforts to dissuade Israel from launching a counterattack against...
Yesterday, gold staged a bullish and short-selling trend. First, it fell from around 2360 to around 2325 due to the good performance of US economic data. However, as the market responded to Israel's remarks on the topic of counterattack, gold began to rise, leading bulls to launch a counterattack. The price rose and tested to a position near 2392. Such a trend can...