Traders, In our assessment of gold, we've identified crucial zones that warrant close attention: Strong Reaction Zones: Anticipate significant market reactions at these levels. Initial Take Profit (TP): The first TP may represent a relatively weaker point. Trend Change Potential: Breaking above the top zone or below the lower zone has the potential to alter the...
Dear Traders, Today Gold price have challenge with midline oft channel i expect price retest 2365-2370 top of channel(0.618 Fibo) and after that Will start Correction to 2260 Area ! today we have GDP News , and if GDP lower than forecast , we will see 2365 Today !!! if GDP higher than forecast ...we will see Gold price below 2300 !!!!! Dont forget...
Hello brian, let's find out about gold price today! Currently this precious metal has surpassed more than 15 USD compared to the same time in the session yesterday. Accordingly, the rising momentum was supported in the short term of the cow side that remained stable in the price increase channel and established the high levels of the bottom. It is expected that...
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...
Gold has broken through the shock zone, and it is also in the form of a triple top. It is currently rising strongly, the bottom is more obvious, the moving average is obviously upward, and the steepness is also intensified. The macd energy column is obviously located above the zero axis, and it is also a sign of gradually moving away from the zero axis. Continue...
The support line marks the point where demand takes precedence over supply and prices will not decrease below that support line. The reverse holds true for a resistance line. Prices often break through support and resistance lines. A breakthrough a resistance line shows that the buyers have won out over the sellers. Open price 2340 When the price moves up and...
In early trading in Asia on Friday (April 26), gold fluctuated within a narrow range around the 2330 key point. The United States announced an unexpected slowdown in economic growth in the first quarter and higher-than-expected inflation. The US dollar was hit, and gold rose by more than $16. The United States After the GDP data was released, the price of gold...
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
Gold establishes bottom after breaking through 2330! It’s about to rise sharply after leaving the shock zone! During the day, the price fluctuated weakly below 2330. After a tug of war between long and short, the price finally broke through 2330. The one-hour bottom pattern was established, and long orders entered the market! The target above refers to...
Gold rejected from supply zone/order block from yesterday and has formed a lower low this morning. If we go by ICT we are going back to 22xx from here. I have entered a short once the previous low was broken at around 2324.5. Plan is to exit in parts based on support levels below and Fibs. With news and wars making markets extremely volatile I entered the trade...
Xauusd analysis lures to the 50's of 2300... to set in the continuation of the key sell momentum.. follow for more insights fam .. as we hedge along with market
Good morning Traders ☕️ No plan today, just monitoring the 1H SELL ZONE + the FVG to see if we might have a reaction, but at the moment I don’t see other clear zones 😅 I try to keep it safe guys. Yesterday was a no trade for me 🤝 Something the best thing to do is to stay out 💯 Check my profile for more GOLD analysis 🧐 Trade smarter, not harder! 💼📈 Don't...
Gold (XAU/USD) is rising towards the pivot which has been identified as an overlap resistance. Could this precious metal stall around this level before potentially reversing to drop towards the 1st support? Pivot: 2,344.22 1st Support: 2,314.56 1st Resistance: 2,361.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
The geopolitical situation remains tense, and Israel's attack on Rafah is on its countdown. Israeli warplanes violently attacked the northern Gaza Strip for a second consecutive day on Wednesday, breaking weeks of relative calm. Israel said it was moving forward with plans to launch a full-scale attack on Rafah in the south. This will again be important...
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 17 - 2024 ECONOMIC COMMENTARY This week, international gold prices continued to increase beyond the threshold of 2,400 USD/oz to 2,417 USD/oz, but then gradually decreased and closed at 2,390 USD/oz. Gold prices rose again to exceed 2,400 USD/oz on April 19 due to an attack believed to be by Israel...
Geopolitical tensions in the Middle East have eased, affecting gold's role as a safe-haven asset during turbulent times. Judging from yesterday's trend, the short-term trend of gold has not yet been determined. The main reason is that after reaching the key position yesterday, there was a wave of gains during the US trading session. Today, it fluctuated downward...