This is a long analysis I made both for myself and to share it with you, I have to say that, I don't usually trade Gold. And I won't be able to comment on the current state of world and news. So this analysis will be focusing only on the charts, please consider the market data and news before taking any position. I summarized everything at the end of the post... ...
FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity...
Greetings, splendid companions! Let’s dive into the golden hues of yesterday's market. Gold seemed to pause after brushing against the $2,200 mark once again, finding a steady rhythm around $2,178 in the early trading hours of Wednesday during the Asian session. Peering into the future prospects for gold, the short-term outlook remains bullish. Anticipation is...
Gold is currently moving in a descending triangle. Key support: 2144 - 2149 Key resistance: 2158 - 2163 Gold is waiting for interest rates to come in and provide a 200-400 pip fluctuation! 💰 Fundamental analysis: Numbers above the expected limit of inflation in the United States last week confirmed that price pressures persist and the final stage of...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two structures, support at 2158 Goldturn and resistance at 2169 Goldturn. We are looking for a bullish test on 2169 and a break and lock above 2169 will open the range above. We also have a immediate bearish test at 2158 and a break and lock...
Gold prices rose on expectations that the Federal Reserve will cut interest rates this year, although traders are still waiting for inflation data this week to confirm the timing of a rate cut. Spot gold closed at around $2,171.5 an ounce yesterday U.S. sales of new single-family homes unexpectedly fell in February after mortgage rates rose during the month, but...
Hello dear friends, curious about this week's gold price trends? As we step into a new week, gold has already seen a continuous rise of $10, reaching $2175 during the Asian session. In the short term, it appears set for further growth, though it may encounter resistance around the $2185 mark. The Federal Reserve's monetary policy decisions in June are poised to...
After the gold daily line experienced a wave of highs and declines and closed the extremely long upper shadow line, it closed negative again, with continuous negative lines falling back, and the disk price has returned to the original correction area. Regarding the next trend of gold, we need to pay attention to the following points: First, from the perspective of...
In today’s trading session, gold slightly retreated after a strong surge that broke through the $2200 USD/ounce ceiling, a rally further fueled following remarks by Federal Reserve Chairman Jerome Powell indicating the central bank's plan to implement three rate cuts in 2024. However, as of now, gold has adjusted by decreasing 0.3% to $2175 USD/ounce after...
FX:XAUUSD is getting a good medium-term signal on Powell's words yesterday. Metal is trampling its way into new horizons and probing new highs. Today the market is waiting for Initial Jobless Claims and PMI. M1 timeframe is pointing us to the approximate medium term potential which is capped at $2380-2400, price has entered a new bullish range. Yesterday's...
Greetings dear trading community, let's explore today's gold price movements! Gold continues to elevate its stance this Thursday, marking a significant rise from yesterday's price of 2175 USD to currently hover around 2190 USD. This upward trajectory is heightened by investors' anticipation of the upcoming U.S. inflation data. The focus is squarely on the U.S....
Hey Everyone, Another piptastic day on the charts today with our chart idea playing out perfectly Yesterday we got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 of which both were hit. We then advised we were looking for support above 2167 for a continuation and retest on the levels above until we see a lock above...
Hey Everyone, Absolutely amazing finish on this chart idea!!! We posted this chart idea last Sunday with our Bullish targets all the way into 2206. We had the 2151 test earlier this week for support, as highlighted on the chart with no cross and lock below confirming the rejection for the bounce into 2171 weighted Goldlturn. Ema5 then gave us the cross and lock...
Gold in the 2-day time frame is forming an ascending channel! The upper limit of this channel can be considered around $2250! If gold wants to complete this trend and wants to complete its price action impulse, reaching $2250 is possible! In any case, it should be noted that this analysis is in the 2-day time frame and this analysis will be long-term. 📈🪙
Gold is forming a triangle pattern in the short-term timeframe. If it can break below the important range of 2151-2157, the trend will generally be bearish with targets at 2132 and 2100. However, if it wants to break this pattern to the upside and exit the descending triangle, it could see targets at 2192 and 2248.
Wolfinance star analysts believe that although the overall performance of the U.S. economic data released last week was strong, supporting the rise of the US dollar and hindering the rise of gold, the Federal Reserve reiterated that it will cut interest rates three times this year, and investors have high expectations for the Federal Reserve to cut interest rates...
Hey Everyone, Great start to the week with our chart idea off to a flying start!!! We got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 - Both these targets were hit perfectly after the confirmation. We will ow look for support above 2167 for a continuation and retest on the levels above until we see a lock above...
With the new review of gold in the 1-hour time frame, we see that the price rose to $2200 last day and then it was corrected! Now, in my opinion, gold can be associated with a growth up to the range of $2203 to $2210 and after that we can have a SELL position with the right trigger! As I said before, the first supply zone is between $2203 and $2210, and the next...