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
Can you feel the gold rush? Few know this but in the past 3 years gold was in an inside bar and it broke out very convincingly. Gold has been in my eyes the best risk to reward asset so far this year if you exclude cocoa that is just ridiculous. I was quite upset because since it went up in a straight line I was not able to add to my position (Although I could...
- 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 broke through multiple levels yesterday and Wednesday, 2360-2365, 2380-2385, and is currently hovering at the 2400 resistance. From the current point of view, the upward trend of gold should not be over yet, so here we still have to be wary of the possibility that gold will continue to rise. Judging from the current 4-hour chart: At present, gold's...
I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950...
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...
Federal Reserve Chairman Jerome Powell said he was less confident than before that inflation will come down. However, it emphasized that it does not believe that the next step may be to raise interest rates, and is more likely to maintain the policy interest rate at the current level. The U.S. economy is performing very well and has a very strong labor market....
- 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...
XAUUSD's Wave A (yellow circled) is leading diagonal while wave B (Yellow circled ) is an expanding flat pattern (A)(B)(C)(green) So! The correction of gold not done yet!.
My Dear Robbers / Traders, This is our master plan to Heist Gold Mine based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be...
World gold prices decreased with spot gold down 27.2 USD to 2,335.7 USD/ounce. Gold futures last traded at 2,342.2 USD/ounce, down 32.8 USD compared to yesterday morning. Short-term futures traders rushed to book profits after recent gains put pressure on the yellow metal in early trading of the week. Meanwhile, the market is still waiting for further data to...
📈 Gold Analysis & Key Levels for Next Week 📉 🔹 Resistance Levels: 1. Resistance 1 (2347 - 2360): 🛑 Sell Zone 🛑 2. Resistance 2 (2397 - 2432): 🚫 Strong Resistance 🚫 🔸 Support Levels: 1. Support 1 (2227 - 2267): 💰 Buy Zone 💰 2. Support 2 (2222 - 2189): 📉 Critical Support 📉 3. Support 3 (2143 - 2163): ⚠️ Deep Support ⚠️ 💡 Trading Strategies: - **Pullback...
Based on Elliott wave After completing the fourth wave, you are forming the fifth wave
The situation in the Middle East has gradually stabilized, and the market's concerns about the escalation of conflicts have cooled down, weakening the safe-haven buying demand for gold, and also turning investors' attention to the Federal Reserve's monetary policy. The Federal Reserve has previously made intensive statements that cutting interest rates is not...
Gold prices climbed more than $30 on Wednesday as the dollar and U.S. Treasury yields fell after the Federal Reserve's interest rate decision and Chairman Jerome Powell's speech. In addition, due to higher-than-expected inflation in the first three months of this year, this week the Federal Reserve, after keeping interest rates unchanged as scheduled, also...