Market review and outlook Following the release of the NFP data, spot gold prices rose to a new high of $2,194 an ounce, but closed at around $2,178 an ounce. The price of gold has risen for two consecutive weeks since March, and the RSI indicator is close to 71, indicating overbought conditions, but in the short term, it appears to be trading sideways at a high...
In tf H4 - price may look into MA 5/10 low for reentry. 1) Wait price enter the zone and and rejected. in tf 1h - wait price to the lowest point for buy (price must touch and reject low BB ) in tf 15min - please wait for full cycle of BBMA (at least reentry buy after CSAK buy)
Gold Daily Analysis Waiting to retest the area of Break Out.. then opportunity to Long Position
Hello traders. What a week it was for Gold. Taking a look at the 4 hour chart for today into tomorrow I have marked my area(s) of interest . We have open waters if we break and close above the 2184 / 2195 area. Gold can easily hit $2400 this year. Saying that, after 7 days or so of green Daily candles, I am waiting for a pullback. Gold could push up to take...
**Gold Trading Idea: Converging Triangle Breakout** ** Observation :** - A converging triangle pattern has been identified on the 15-minute chart, indicating a period of consolidation with the potential for a breakout. ** Strategy :** 1. ** Entry Point :** Wait for a clear breakout from the triangle pattern. A breakout to the upside indicates a potential buy...
🔖XAU/USD, H4🔖 11 March 2024 Gold prices enjoy continued gains, propelled by a weakening US Dollar. A series of lacklustre US economic data, coupled with dovish statements from the Federal Reserve, diminish the appeal of the greenback. The focus shifts to forthcoming inflation reports, where a continued decline in US inflation may heighten expectations for Fed...
In the realm of commodities, gold remains an enduring symbol of wealth and stability. Recent movements in the gold market have sparked discussions and analysis among investors, who closely monitor economic indicators and geopolitical events for insights into its trajectory. Despite challenges such as inflationary pressures and global uncertainties, gold retains...
Good morning, traders! 🌅 What a pleasant surprise to witness the price reacting flawlessly in the sell zone, although it happened during the Asia Session and I missed the opportunity to trade it. Moving forward, here's my plan for today: I'll patiently await the London Open, and if I spot any other promising setups, I'll be sure to share them here with you all!...
For a longer period of time investors are waiting for a clear signal that the Fed will make their first move on cutting rates, or so-called the pivoting moment. It happened during the previous week at Fed Chair Powell`s testimony to the Senate, where he noted that most probably the rates will be cut “at some point”. As markets are discounting immediately every...
Daily weekly Predictions of financial Market analysis..........
Gold impose to embark on a retracement sweep to 2140's. After which 2300"s is the projection of upthrust to make a PoR..... 😎 Thanks 🤝
Considering the behavior of the price at the level of 78.6% and 100%, it is expected that the upward trend will end and we will witness the beginning of the correction process. Crossing the 100% level will continue the upward trend
FX:XAUUSD in the distribution phase updates highs to 2195. Price enters resistance zone while the dollar index gets a dose of negative news and high inflation. CPI, Core retail Sales, Initial Jobless Claims and PPI are worth watching in the coming week. Also, quite a few FED & FOMC speeches after Powell's two day speech that said nothing new. The dollar index...
Gold trend analysis, easily make money for you In early trading in the Asian market on Monday (March 11), spot gold fell back after rising to a high of $2,188.88 per ounce, approaching the all-time high of $2,195.07 set last week. It is now back around $2,180. Gold prices surged to a record high on Friday following U.S. non-farm payrolls data. On the 60-minute...
Gold buy above 2187 and for sells below 2174. Wishing you a lovely week.
GOLD forming triangle looking for some short term retracement? Looking for buy around 2155 - 2153
The Disciplined Trader How to enter the CHART ?? 1. Look for candle to cross our zones 2. If the candle crosses above our zone and closes above then take buys ( look no 4.) and vice versa 3. Look for 1hr candle confirmation / 15/30 mins TF for entry during Asian session and 30 mins TF confirmation/ 5/15/30 mins TF after london session. 4. Always wait for...
looking for sell, wanna see it on NY or AM session.... Fire on fire would normally kill us But this much desire, together, we're winners They say that we're out of control and some say we're sinners But don't let them ruin our beautiful rhythms 'Cause when you unfold me and tell me you love me And look in my eyes You are perfection, my only direction It's fire on...