The pivot point for GOLD is currently identified at 2323, indicating a critical level for market sentiment. Additionally, the formation of a triple top pattern further reinforces the bearish outlook. This pattern typically suggests a significant resistance level, with three consecutive peaks at approximately the same price level, signaling a potential reversal...
In this analysis, we'll be focusing on the H2 timeframe for XAUUSD, with key levels at 2320.00 if it breaks below 2320.00, the sell target is identified at 2306, suggesting a bearish trend. Let's delve deeper into these levels and potential outcomes.
Hello I do not talk about Gold in 1 hour timeframe chart because we all know about this situation. I just want to give an immediate idea that can be true or failed. Just focus on confirmation and invalidation levels. Thanks
down trend broken with higher lows and bearish momentum failed to continue after breaking so we hunt long opportunities to fill gabs
The Fed's interest rate decision will be held on Wednesday. The market expects that the wording may be hawkish. The rise in the US dollar and US Treasury yields has significantly suppressed gold prices; despite strong safe-haven demand and central bank buying, gold prices have risen for the third consecutive month. It rose 2.8% in April to a record high of...
Looking at a possible sell on Gold Awaiting for Price to move towards my resistance zone, once reached will trigger my sell entries to the downside
We dive deep into the recent movements of Gold (XAUUSD) following the release of the US Nonfarm Payrolls (NFP) data. On Friday, Gold initially surged to the $2,310 zone after the NFP numbers missed markets' expectations, signalling a cooling jobs market. However, bears quickly took control, pushing the price back into a demand zone identified on the chart. The...
- Gold moved impulsively to the upside breaking the channel: this is wave 3. - Wave 2 was extended, so I'm expecting wave 4 to be sharp and quick. - Silver is a leader in this move. We shall see how much power is in gold move.
Watch price at the London session to either work into the high or take the Hi, then bring price back down into the NY session. Timing and your levels are your ONLY edge and confirmation for your Sell setups...
Gold asia long opportunity to range high with a potential RR of 1:4
Price is been testing the 2360.00 zone and respecting the level twice so far and possibilities of bullish movement on the third touch.
GOLD looks unable to go deeper, while price is leaving a cup pattern formation to touch the upper highs.
- We finished correction of wave C with Contracting Diagonal - Now we're observing wave 1 to the upside ongoing - This is the beginning of impulsive move to the upside.
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
Good R:R tight SL, lets see if we can make it 3 wins today
🔴 Here are the most notable developments: • Yesterday, Powell stated that his confidence in the decline in inflation had declined, but he indicated that inflation so far remains stable. • Powell also ruled out the Fed raising interest rates and stated that the decision to reduce interest rates or not would be linked to inflation and labor data. • Therefore, the...
- The pattern looks bullish to me and I don't expect major pullback right now.
Gold prices are affected by Treasury yields and Consumer Price Index (CPI) data. High inflation typically leads to higher Treasury yields due to low unemployment and an overheating economy, which can decrease gold's appeal due to rising unemployment, making gold more attractive as a safe investment. Thus, gold tends to decline with high Treasury yields in...