Market attention turns to the Federal Reserve's monetary policy decision on May 1 and upcoming nonfarm payrolls data. Data released last week showed US gross domestic product fell short of target, while the core personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, stagnated at growth of 2.8% year-on-year for the second...
After the Federal Reserve kept interest rates unchanged for the sixth time and announced it would slow down the pace of balance sheet shrinkage, gold prices rose sharply above the $2,300/ounce mark and remained above this key price level. , and also achieved the target adjusted increase in publishing the previous issue sent to you. Market news and reviews The...
I see a good opportunity to re-entry on sell and trading against the majority. Last trade i could beat 1:3 RR where the projection was 1:4. Risk Reward 1:3 for this re-entry
Pair : XAUUSD ( Gold / U.S Dollar ) Description : S / R Level Completed " 12 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame
Hi Traders ! The Gold Price Failed To Create a New Higher High ! Currently, The Support Line is Broken ! So, Let's Expect The Bearish Scenario: If The Price Breaks and Closes Below The Support Level (2318.740 - 2333.375), We Will See a Bearish Move 📉 TARGET: 2260.000🎯
Hi traders, Last week XAUUSD did exactly what I've said in my outlook. It made another drop to finish the bigger correction down. After that it went up very corrective. So for next week we could see another drop to finish a bigger complex pullback. Let's see what price does and react. Trade idea: wait for a clear direction to trade. At the moment it's not...
The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate until inflation shows clear signs of returning to the 2% target. He also added that this year's inflation data is "not convincing enough" to change the Fed's stance. The DXY...
Dear Traders. according to my last Analysis , if Wave 3(2430) completed, i expect price start Correction to 2000 Area ! invalidation level :2430 what you think about my idea? dont Forget like&Comment please ! Regards, Alireza!
My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 2301.9 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2331.5 About Used Indicators: On the subsequent day,...
As you guys can see GOLD has shown a very BEARISH momentom , if i am right GOLD must correct at the FVG/ 0.618 of the fibo and then continue to go DOWN TRADE CAREFULLY GUYS>> GOOD LUCK
Hello,Traders! GOLD went above the Key horizontal level Of 2325$ then made a Retest and is going up now Again so I will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The 2315 demand zone appears robust. Anticipate a price rebound from this level to the next supply zone.
I am telling you gold is the worst thing to trade but no trade as of yet just an idea tell me thoughts
Gold did fall from 2323-2330 and it found a strong support at 2283-2290. Overall trend is bullish but there is a high chance it will spike down and touch 2073 then reverse. Today's strategy is to sell from 2323-2330 zone and buy from 2283-2290 zone, depending on which touches first and the price action at these zones. Be reminded that today is NFP. Market will...
Hey team, Hope you are Enjoying our ideas and Analysis. today in Running Session we are Monitoring XAUUSD, Looking For Bullish Opportunity That we have Shown in our Chart Pattern Around 2309-2305 Buy Limit Once we will Receive any Bullish Conformation the Trade Will be Excuted Good Luck Guys 🤞
Pivot 2390.00 Our preference Short positions below 2390.00 with targets at 2230.00 & 2150.00 in extension. Alternative scenario Above 2390.00 look for further upside with 2450.00 & 2510.00 as targets. Comment The RSI advocates for further decline. Supports and resistances 2510.00 ** 2450.00 *** 2390.00 *** 2287.00 Last 2230.00 *** 2150.00...
On 1h scale, falling wedge is forming along with RSI showing divergence. Therefore, LONG Trade is in order.