updated count, believe this to be x impressive hit 62% c of x 1.27% extension. But imo it is corrective and not impulsive no real fib bounce for bull cycle here per other counts. y to complete before wave b that will see 38-50% retrace. target of 1960 not changed 78% of wave 3 into territory of wave 1
Over Extended on FL- MTA bands MT4 Last push up on the Daily 4 weeks ago retraced 50% on the old Fibs Volume Profile has most orders down at $2315.53 1st Support on the Hrly is $2346.52 DYX looks like it's heading up RTPL Pattern Sentiment of Traders Targets are way out of the Chart
AFter the Price reach 2430 price of GOLD retrace on the 2nd weekly candle with a 50% retracements. This idea base on the continue move upside of TVC:GOLD it might clear the previous high! I will Update once price Hit the target 1. This is only 1H timeframe. THis idea is base on my understanding only, if this works for you, then trade it or leave it be. This...
Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: Just three months ago Gold broke out of a very long term ascending triangle formation - similar to the triangle formation which we saw back in 2019. So far Gold is just creating the expected continuation higher and you can definitely close out partials...
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Gold is closed above the golden zone . Correction is holding the price. Gold until now did not reach the max wave lvl. Trend line is Up. I expect that Gold will reach 2440. Best Regards
Fundamental: Gold has seen the amount of long positions grow these past two months and be able to sustain that grow in a range from 560K-285K+, Short Positions have been maintaining about the same roughly staying in the range from 80K-66K. Open Interest is leaning bullish with growth this past month but for the past two month we see some ups and downs followed by...
The initial unemployment rate data in the United States was released last night. The data showed that it was 231,000, which was much higher than the expected 215,000 and the previous value of 208,000. It was the largest weekly increase in eight months. The four-week average of relatively low fluctuations in the number of weekly applicants rose to a more than...
Gold once rebounded in the short term and approached the 2340 mark, and is currently trading around $2335. U.S. President Joe Biden admitted that Israel used American bombs against civilians, and the Israeli military blocked the Rafah crossing, triggering criticism and condemnation from the United Nations. The market has postponed expectations for the Fed's first...
Gold continues to fluctuate on the daily trend, and the price is currently temporarily compressed between 2280-2330. The short-term moving average on the 4-hour level is currently basically in a flat state, and tends to continue to maintain a volatile trend in the short-term trend. The current short-term price is compressed within the narrow range of 2306-2320. At...
Trend analysis: The gold trend competed around the downward trend line in the two trading days this week, forming a shock range with high and low points from 2290 to 2330. From a moving average perspective, gold prices are between the 5-day moving average and the 20-day moving average at the daily level. Under the suppression of the 20-day moving average and the...
Inflation in the United States has risen this year. This has caused Federal Reserve officials to make intensive statements earlier, saying that there is no urgency to cut interest rates and may maintain restrictive monetary policies for a longer period of time. As the situation in the Middle East gradually stabilizes and concerns about escalation of conflicts...
📈 Gold Analysis & Key Levels for Next Week 📉 🔹 Resistance Levels: 1. Resistance 1 (2347 - 2360): 🛑 Sell Zone 🛑 2. Resistance 2 (2397 - 2432): 🚫 Strong Resistance 🚫 🔸 Support Levels: 1. Support 1 (2227 - 2267): 💰 Buy Zone 💰 2. Support 2 (2222 - 2189): 📉 Critical Support 📉 3. Support 3 (2143 - 2163): ⚠️ Deep Support ⚠️ 💡 Trading Strategies: - **Pullback...
Gold failed to challenge the downward trend line yesterday and quickly rebounded to stay above the 2300 mark. The pressure of the downward channel is still effective. Even in the face of relatively turbulent geopolitical fundamentals, gold still fails to fully reflect its safe-haven properties. Some people would say that the overall rhythm of the current market...
Gold still cannot rise and cannot break through the important resistance level of 2330. The market obviously lacks momentum. We also adjust our strategy in a timely manner and enter the market directly with short orders in the 2320 area. The k-line reached around 2330 three times but never broke through. In one hour, it was suppressed by the middle track of the...
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...
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...