4h/1h time frames analysis for Gold. Price action analysis, key levels. Potential scenarios. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
Spot gold prices continued to fall in early trading Tuesday. Spot gold fell below the 2,300 mark for the first time since April 5 in early trading, with an intraday drop of more than 1%. After the continuous decline in the previous trading day, especially after falling below the 2372 support line, the defense line was broken down, which means that the...
Hey everyone this is Nathima, please check out the update on gold for now there are two scenarios let discuss the first one First things first last night in NYSE gold pushed harder and swept all the liquidity resting over the highs then it started retracement and retraced a bit and today when asian opened it came all the way long and filled all the imbalance...
Based on the M30 chart analysis, we can see that the price has just reacted off our sell entry at 2329, which is a multi-swing high resistance. Our take profit will be at 2310, an overlap support level. The stop loss will be placed at 2351, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . GOLD long ! Great BUY opportunity GOLD / XAU I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
Preferred direction: BUY Comment: Metals , on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver , the price approached important support at the level of 26.50 , from where last time we recorded a...
■Outlook of XAUUSD on 3D chart. We are currently in sub-wave ⅲ of the upper degree wave (ⅴ). I think that sub-waves of wave ⅲ will form a 5-wave impulse. so, we are in sub-wave (3) of wave ⅲ. If the assumptions of this scenario are correct, I think that sub-wave (3) will continue to be bullish, supported by two channel lines. Last time my idea. ■Apr 13, 2024....
XAU/USD trades near $2,371 and the daily chart shows that the slide may continue. Technical indicators retreat from extreme overbought levels, suggesting the decline may continue. Still, a steeper slide remains out of the picture, as XAU/USD refuses to give up while developing its moving averages above all Simple Moving Average (SMA) maintains its firmly bullish...
Short and medium term gold analysis The upward trend continues and as long as the range of 2360 and 2377 is maintained as support, it can continue to rise towards the target of wave 5 to the range of 2450 and 2500.
Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again. In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because...
My idea is to go short on gold. Entry: 2326 TP: 2284 SL: 2337 RR: 1:4 All the best :)
The analysis on gold presents a complex picture influenced by various factors. Initially, the precious metal recorded a significant loss, exceeding 2% during the day and dropping below $2,340. This decrease was primarily attributed to the easing geopolitical tensions, which prompted a deep correction in the XAU/USD market. Additionally, the resilience of US...
Hello Traders , What do you think for Gold ? In 4 hours Time frame , we can see the price is still in profitable area . 50 EMA is above 200 EMA and more specific the price doesn’t drop below 50 EMA . The previous days , we experienced twice to touch almost Resistance and Support ( 50 EMA ) , without any breaking condition . If we take into consideration the...
Currently at a support going into weekly open. Last wave has been retraced to its Impulse Core. If any energy left in this wave, it should be here. Otherwise, next support is a MAJOR fib at $2307.19. If that fib breaks, then bulls will be done for a while. If risk-off remains the sentiment, look for $2700 next. ===============================================
Amidst prolonged tensions in the Middle East, global gold prices have surged, defying expectations despite robust economic data from the U.S. The sharp rise in gold prices comes as Israel signals readiness to retaliate against Iran's attacks, disregarding calls for restraint from Western nations. In the face of escalating geopolitical tensions, global gold prices...
Gold technical analysis: Yesterday's gold market trend was highly consistent with our expectations. We emphasized the change in the rhythm of long and short, and believed that there is a possibility of rising after the decline. In fact, after the second rise, the price of gold failed to break through the high of 2331 for the time being, and finally closed around...
As discussed throughout my Friday's session commentary: "My position: I have engaged re-Sell order with #2,410.80 as my entry point, optimal Target remains #2,366.80 Support in extension. My order is running in excellent Profit as I am more than satisfied with my set of Selling orders lately." I have closed my Selling order (#2,410.80 - #2,366.80) on a fine #44...
Gold now consider as safe heaven because escalation between different Nation and upcoming election in USA , this might be last push before final drag down as in chart All level tp in chart 1st TP create new ATH 2500 plus minus then break down the newly created support 2432 then retest resistance final strong support around 2150 plus minus