As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order throughout yesterday's session on #2,384.80 which hit my #2,392.80 Stop, immediately engaged re-Sell order on #2,393.80 and closed the order on #2,380.80 re-test, recovering the loss instantly. Later on, I have engaged another #2,392.80 Selling order which I have...
From the point of view of the one-hour chart, gold has broken through the track from the upward channel, and the trend after the breakthrough is temporarily concerned.
If it is a false breakthrough, the trend will return to the channel room, when we still maintain the idea of dips.
If it is a real breakthrough, the lower track of the uplink channel will form a...
I will only say a single word: Gold. Yes, just gold. Do not forget; "Madness only comes to those who think the most"
Gold is at its highest high in history. We know that the metal in question is considered a protective reserve for our fiat currencies. But what explains this sudden rise?
Is this increase linked to the "wars" that are taking place around the...
GOLD TRADING SCENARIO ON April 18, 2024:
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2358, then Buy Gold immediately. TP hopes to reach 2373, which is further than 2389, but there is a condition that requires at 5:00 p.m. Gold closes above 2375, and vice versa. Gold closes below 2375, then exit Buy and move. Sell direction to 2358. Sell...
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...
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!
GOLD TRADING SCENARIO ON April 23, 2024:
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2298, then Buy Gold immediately TP hopes to reach 2318, which is further than 2330, but there are conditions necessary at 5:00 p.m. Gold closes above 2306 and vice versa. Gold closes below 2306, then exit Buy and move Sell direction to 2288. Sell orders at...
Taking a look at the 15 min timeframe, price action is beginning to show signs of bottoming action. I'm now waiting for break above the descending resistance in this bearish channel to consider a long position.
That's it - That's all
Trade Safe
Today is Wednesday April 24, 2024. Its 7:00pm EST and here is the daily projection for tomorrow. Further upside expected on gold after downside retracement.
Price is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 27.861
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 28.872
Why we like it:
There is a pullback resistance...
#GOLD.. market very well hold 2318 in 15 mins to hour chart and bounced back .
Well guys now we have 2318 downside and 2332.50 upside area,
Either side breakage can decide market next move..
Keep close both areas and until market didnot closed either side, cash the range .
Good luck
Trade wisely
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 yesterday gold was strong bearish and made lower lows also there were pullbacks but the whole move was bearish and that move filled all the imbalances and swept all the liquidity resting below there is still some...
On the 15-minute time frame, this will be my analysis of gold's behavior on Monday. As you can see, the downtrend was broken, the price pulled back and the triangle returned. Now is the time for the price to go up to 2423.
Gold surpassed the $2,400 mark due to concerns about conflict in the Middle East
Gold surpassed $2,400 an ounce as concerns about rising tensions between Israel and Iran boosted demand for the safe-haven asset.
Gold prices rose as much as 1.3% and are headed for a fifth consecutive week of increases after unverified reports of attacks in Iran, Syria and...
Xau is expected to make a buy pullback after a SHORT yesterday through to the 2290's
GOLD would be going on a bullish hedge as we anticipate a turnaround for a continued short at the indicated reaction zones- R1, R2 and R3
Based on the analysis, the expected zone of turnaround is R2 just as indicated by the lowering arrow or we could have an uptrust ..
Like, ...
The price perfectly fulfilled my last idea. It hit the target zone. The price bounced off the support level. OANDA:XAUUSD is ranging by forming a traingle pattern. On the daily timeframe, it is an inside bar formation. The price might continue to range because we had a massive sell-off before. I think the market may keep moving sideways; squeezed in the shape of...
Technical analysis: Hourly 4 chart’s Descending Channel I mentioned on my remarks is still active on the previous Daily chart’s candle as Price-action is headed towards Lower levels (aggressive takedown), as mentioned Targeting the #2,300.80 psychological benchmark extension and strong defensive line Supporting from below, Trading at #2,292.80 (invalidated...
