Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
Easy to anliitic. As gold has lauch triagular pattern.
The situation in the Middle East, as predicted earlier, has eased. The United States acts as an intermediary, taking positions and speaking on behalf of both parties, which helps ease tensions. In the absence of new news, the gold market's operating philosophy should be based on upward breakthroughs after range oscillations. As the market opens higher, investors...
"PPI data was slightly lower than expected, keeping alive hopes of a possible rate cut before the end of the year - hence gold's gains. Central bank buying and geopolitical uncertainty remain the mainstays supporting the gold market." The golden week reached a new high, first stepping back to the 2325 first-line correction and starting to stabilize. Later in the...
The recent trend of gold is still particularly strong. Even though it fell so much last Friday, its trend has not been extended. Since the price of gold fell to the 2324 line on Monday this week, the one-hour trend has been in a counterattack. Among the trends, the short-term trend is still volatile and upward. The intraday trend is currently dominated by the...
With the economic results, the time is right to enter sell trades for the GOLD for the next two weeks
SILVER I think SILVER and GOLD may be into the next wave up here. It had a fast slump, moved on up, had another weaker slump with a higher low and now moving up again. I think that is likely to be a typical bullish 3 wave correction. Notice how the overall trend trajectory has not been affected by the 3 wave correction. That is another bullish clue I...
XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD.
Gold is currently exhibiting a bullish trend, indicating that it is likely to surpass the resistance area and achieve new highs in the near future. It is crucial to employ proper risk management strategies during this period. Although gold experienced a significant drop, now is the opportune time to regain its position at the top.
Gold is a chemical element; it has the symbol Au and the atomic number 79. In its pure form, it is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals.
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...
Gold prices edged higher in early trade this week, boosted by an escalation in the conflict between Iran and Israel over the weekend. Traders are bracing for a new week after an Iranian drone attack on Israel late Saturday night, with investors seeking safety in traditional safe havens. In the coming week, gold prices are likely to continue their volatile trend,...
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...
Gold is currently in pause mode, and if the conflict between Iran and Israel eases, market focus will turn to the Federal Reserve. It is clear that the Federal Reserve is not going to cut interest rates anytime soon, which is a bearish factor for the gold and silver markets. If the conflict escalates, you will see gold rise again. For now, the focus is on...
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 Fed's hawkish speech blocked gold at the 2400 mark. The United States has warned Israel that it does not want to see tensions escalate further. This statement cooled the market's risk aversion, thus putting downward pressure on gold prices. However, Israeli military spokesman Hagari said on April 16 that Israel would not remain "indifferent" after being...
All structure lines have been broken. Sell from 2375 region. Targeting 2329
XAGUSD - SHORT, if the market make corrective structure upwards then a drop will come, or if the market make corrective structure downwards the one more push up will come to tha the last high, before the reversal, trade with care