Hello everyone, it’s Friday again. Today is the last trading day of the week. Friday's trading is usually the most complicated and today there is news on the US April non-farm payrolls data and the US April unemployment rate. We need to do a split on today's transaction. Let everyone know how to proceed with today's transaction. Gold prices have been trading...
Gold still bearish in medium term. Short from current 2323-2330 level. First target is 2300 and ultimate target is 2270.
If the Federal Reserve refrains from cutting interest rates this year, particularly when it was widely anticipated by the market, it could have significant implications for gold prices. Here's how: Market Expectations Disappointed: When market expectations aren't met, especially regarding key monetary policy decisions like interest rate cuts, it often triggers...
Here's a sample text you can use for your gold analysis update: _Title:_ Gold Analysis Update: Bullish Target in Sight! _Summary:_ "Gold is looking bullish! My analysis indicates a target of $2339, with a potential upside to $2379. The recent price action has formed a bullish channel, and the RSI indicator is showing a positive divergence. If the metal can...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Price some time traded between this level and after reaching resistance line of channel, it made downward impulse. After this, XAU broke $2385...
By Wolrd Forex Traders hello 👋 " Gold Market Analysis 💡📊👀 1H Time Frame Chart 📈🕒 _Bullish Signal 🚀👍_ We're seeing a strong long opportunity in the Gold market, with a current price of 2301. Our target is 2336, which is a key resistance level. A breakout above this level will likely lead to a significant price increase! 📈💸 _Analysis 🤔📊_ The 1H time frame...
Following a very choppy price action that finalized a flag pattern, OANDA:XAUUSD experienced a significant decline yesterday, amounting to a drop of 500 pips, breaching crucial horizontal support levels at 2315 and the 2300 mark, nearly reaching the support zone at 2270. After such a substantial decline, a rebound is possible, though the medium-term trend...
Dear Traders, Gold now is in correction , and i expected price try to test 2300 Area ! and then Fall to 2060 , What you think about my idea? dont forget like&Comment please ! regards, Alireza!
Dear Colleagues, I suppose that the wave "4" of the higher order is completing its movement. I expect a possible update of the minimum and reaching the area of 2281.89 or the beginning of the upward movement to the resistance area of 2358.71. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
now xau/usd (gold ) is trading at 2302 it is showing us new targets on trend line so we would like to follow(focus ) on new way so targets are highlited on chart ( this analyse is not investment advise we just follow market pattern &mavericks)
After the formation of the BULLISH BAT harmonic pattern, global gold can now rise to the resistance of the ceiling of the descending channel at $2343, maintaining the important support interval in the range of 3212-2310.
The positive support showed a strong rise, but the lack of momentum did not continue. It retreated from the high and re-examined the support. It stabilized and turned upward to maintain the range. The Federal Reserve kept the current interest rates unchanged, and the overall tone is dovish, pushing the price of gold to rise further. It seems that the...
✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024 🔥 World situation: Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD. 🔥...
The XAU/USD (gold/US dollar) pair is exhibiting a descending triangle pattern, indicating a bearish bias in its price movement. This pattern is characterized by a series of lower highs and a horizontal support level, suggesting potential downward pressure on the exchange rate. Furthermore, the crossover of the Exponential Moving Averages (EMAs) 200 and 50...
Gold stays in positive territory at around $2,350 after closing in positive territory on Thursday. The benchmark 10-year US Treasury bond yield edges lower ahead of US PCE Price Index data, allowing XAU/USD to stretch higher.
After gold fell below the upward structure today, it fluctuated all the way down. It stopped falling and rebounded after hitting around 2311. However, the rebound was relatively weak and it did not even touch the 2320 position. We currently still hold a short position near the 2323 position. Unfortunately, gold only touched near the 2311 position and did not hit...
Gold last week was generally recovering from Monday's sharp decline. During the week, it once retreated downwards and broke through the 2300 integer mark to reach around 2291 and rebounded. Gold prices were supported above 2320 throughout the day on Friday, maintaining bullish shocks, rebounding and repairing, and accelerated higher before the US market in the...
Fundamental analysis: So far so good as there are no Short-term surprises. DX again reversed and it's no surprise that this is pushing Gold Higher (last #5 out of #5 Fed Rate decisions were Bullish on Gold regardless of the outcome or Powell's stance later on the conference). No doubt that Gold is also affected by the effect of Bond Yields policy remarks, testing...