Hey everyone, let's dive in and strategize for gold this week! Last Friday, gold experienced a significant drop, plummeting nearly 1000 pips from $2431 to $2333. However, as we kicked off this week, gold quickly regained its momentum, similar to recent trends. Currently, the price hovers around $2360, having recovered 0.64% today, or about $15. Despite recent...
Gold Trend Analysis: Gold prices have been trending upward since late March, and prices continue to attract buying around these levels. While the uptrend in the RSI has been broken, showing a weakening upward momentum, it is difficult to be too bearish on gold prices at the moment until we see prices finally break out of the uptrend. If the price remains above the...
Today, gold prices maintained their high stance, oscillating around $2385 and briefly approaching the $2400 per ounce mark. Escalating tensions in the Middle East have bolstered gold's appeal. Recently, there has been a consistent influx of capital towards gold as a safe haven. The metal could potentially surpass the $2400 per ounce threshold again if conflicts...
Hello dear traders! Overall, gold experienced significant volatility yesterday, it rose more than 1% during the trading session. Weekend news causes concerns to persist as Iran launches a major attack on Israel, raises concerns about Israeli retaliation for borrowing costs, which will create favorable conditions for the yellow metal. Regarding news impact:...
Hey Everyone, Last week we stated that after completing all our long range targets, we were seeing price break out of the ascending channel. However we needed to see ema5 cross outside the channel to establish another bullish run above. The Bullish momentum last week helped clear some of our extended long range targets- BOOOM!! We also need to keep in mind the...
Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher. Details - Follow up to 9-1 DRAFT's failure to break out...
Gold went through a roller coaster trend on Friday. After the price broke through the 2400 integer mark, it did not pull back. Instead, it quickly rose to 2431, and then turned around and fell straight down to around 2334. Most people were caught off guard by this drop. The sudden plunge of nearly $100 is unexplainable from both technical and fundamental...
The March retail sales data released by the United States overnight on Tuesday exceeded expectations. The U.S. dollar and U.S. Treasuries continued to climb, and for a time precious metals plunged. However, risk aversion then dominated the market and gold and silver returned to their gains. Because the Israeli military said it would respond to Iran's attack....
Hello dear friends! Overall, XAUUSD continues to be supported by bulls. Mainly due to crises from the Middle East. It is currently trading steady around $2,384, up 0.06% on the day. Do you wonder why gold increased so strongly? Regarding international market information: Gold prices rose higher at the end of the North American trading session, up 0.22% following...
Gold prices took a dramatic plunge, dropping $20 in just 30 seconds following the U.S. inflation announcement, which exceeded market expectations. Inflation in March rose by 0.4%, surpassing the anticipated 0.3%, putting the Federal Reserve (Fed) in a tough spot regarding future monetary policy decisions. Inflation’s 0.4% increase in March, pushing the annual...
Currently, central banks around the world are increasing their holdings of gold reserves, and market sentiment has reacted strongly to bullish factors. Even in the face of sharply negative non-agricultural data, CPI data, and hawkish statements from Federal Reserve officials, gold prices have remained strong. This shows that market sentiment has become indifferent...
Hey Everyone, Another great day on the chart today buying multiple dips inline with our chart idea. Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level. The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken...
From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments...
Hello dear traders, let's discuss and win gold today with me! XAUUSD today hit the 2400 USD mark just like my previous expectation. Do you wonder why gold increased so strongly? On world news: Investors remain concerned about geopolitical risks stemming from conflict in the Middle East, so this is a key factor driving the ongoing positive momentum. Additionally,...
Hello dear friends! It's a pleasure to meet you again and discuss with you in today's chat. As such, XAUUSD continues to consolidate at high levels with continued growth, without a false break of the uptrend channel occurring, it is currently touching $2406 at the time of writing, marking an increase dramatic 1.13% on the day. The growth scenario at this time is...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. Last week we stated we...
Hello dear friends, after a brief dip last evening, gold is back on its quest for new highs. So far in today's trading session, gold is making another push to surpass the $2,400 barrier, buoyed by a fresh decline in the U.S. Dollar and persistently low U.S. Treasury yields which favor the non-yielding metal. As such, gold may continue to find demand as a safe...
FX:XAUUSD is trading exclusively in a bull market. Quick and temporary reactions to the news are quickly exhausted and buyers regain the upper hand on the metal's price. Yesterday the price made another retest of the support at 2330, which has the status of an intermediate bottom. This area held the price and after that the market returned to its true...