Gold prices surged in the latest week's trading, driven by a weakening US dollar index and declining US bond yields. Analyzing the 4-hour timeframe reveals a flag pattern formation, reminiscent of one identified in Bitcoin on March 3rd prior to its all-time highs. Currently, gold is consolidating between 2174 and 2153, presenting an opportunity for a breakout in...
Hello Traders , let's have a look on TVC:GOLD in the Weekly and 4H time frame Charts ! By examining the gold chart in the weekly (left) and 4-hour (right) time frame, we can see that the price in the weekly time frame managed to break the resistance of $2149 with a strong rise and close above it! This week's trades can determine the trend of the coming...
OANDA:XAUUSD ANALYSIS AND CHART - US rates markets fully price in a 25 basis point in June. - The path of least resistance for gold remains higher for now. The latest Fed commentary has led to financial markets pricing in a 25bp interest rate cut at the June 12th FOMC meeting. Three more rate cuts are also expected in 2024, with a high likelihood of a fourth...
US CPI PREVIEW – OANDA:XAUUSD , US DOLLAR, STOCKS - The February’s U.S. inflation report will steal the spotlight on Tuesday morning - Any deviation of the official data from market expectations could trigger volatility Tuesday marks an important day for investors of all stripes as the U.S. Bureau of Labor Statistics is set to release the February’s consumer...
H4 Analysis: Analysis/bias remains unchanged from yesterday's 14/03/2024) analysis -> Swing: Bullish. -> Internal: Bullish. Price printed a swing BOS and subsequently a bullish iBOS. Bearish CHoCH has been printed. We are now trading within an internal range. As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not...
As we expected market gave us good trades to the upside from 1985 and we are above 2100. I'm biased to the downside on Gold from now on. Each high can be the potential last high and am ignoring all buy setups and gonna focus on sell setups only. Am expecting the market to reverse from above 2125 and to move downside to 2075 minimum and we can expect a reaction ...
GOLD IS CURRENTLY IN CONSOLIDATION PHASE AND TRYING TO DECIDE ITS DIRECTION CURRENTLY AREA UNDER REVIEW FOR SELLING GOLD 2176-78 and if gold crosses its area of demand below at 2153-58 then the next targets are at 2140 and 2100
Wait for the confirmation for the buy, risk 50, target 200.
After a sustained period of gains, the price of gold appears poised for a potential downturn in the coming days. Market analysts cite several factors contributing to this anticipated decline, including a strengthening US dollar, rising Treasury yields, and diminishing safe-haven demand amid improving global economic sentiment. Additionally, the prospect of higher...
🔖XAU/USD, H4🔖 15 March 2024 Gold prices extended losses and consolidated around after reaching record highs. Investors opted for profit-taking strategies while awaiting further catalysts before re-entering the market. Improved inflation data raised expectations for the Federal Reserve to delay rate cut policies, potentiallyn impacting non-yielding commodities...
Technical analysis: Gold was currently approaching late February - early March Ultimate Top’s bottom of #2,185.80 - #2,195.80, after almost #3-consecutive break attempts which resulted as an rejection. During past #7-session horizon Price-action failed to break #2,185.80 local Top’s. With #2,152.80 benchmark seen Trading as strong Support which held many times in...
Technical analysis: Gold was currently approaching late February - early March Ultimate Top’s bottom of #2,185.80 - #2,195.80, after almost #3-consecutive break attempts which resulted as an rejection. During past #7-session horizon Price-action failed to break #2,185.80 local Top’s. With #2,152.80 benchmark seen Trading as strong Support which held many times in...
Gold prices recovered on Wednesday after a pullback to the $2,150.00 region, and traders seem convinced that the US Federal Reserve (Fed) could cut borrowing costs. Nevertheless, the latest hotter-than-expected inflation report in the United States might deter Fed officials from easing policy in June, contradicting market participants' speculation. Therefore, the...
1h trendline, 15m supply zone should cause gold a pullback.
In the world of investments, gold has retained its allure through centuries as a safe haven and store of value. Its enduring appeal transcends cultures and generations, offering stability amidst economic uncertainties. As financial markets fluctuate, gold stands as a reliable hedge against inflation and geopolitical turmoil. Beyond its monetary value, gold holds...
Gold continues to shine as a beacon of stability and wealth preservation in uncertain times. With its intrinsic value and universal appeal, gold remains a sought-after asset for investors seeking to hedge against economic volatility and inflationary pressures. Amidst shifting market dynamics, the allure of gold as a store of value remains unwavering, offering a...
In the dynamic realm of financial markets, every surge and dip holds the promise of opportunity, none more tantalizing than the gleaming allure of gold. As the trading floor pulses with the heartbeat of impulsive momentum, seasoned investors recognize the signs of a bullish uprising, beckoning them to seize the golden moment with strategic finesse. A short,...
Dear Traders, Gold has been extremely bullish since last couple of weeks, brough enormous amount of volume in the market. However, as price continued rallied, it is hard to say when it will stop rallying and start dropping. It is extremely hard to know the pin point of reversal areas. In our opinion, price has pushed more 4 times in similar pattern which...