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, ...
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 17 - 2024 ECONOMIC COMMENTARY This week, international gold prices continued to increase beyond the threshold of 2,400 USD/oz to 2,417 USD/oz, but then gradually decreased and closed at 2,390 USD/oz. Gold prices rose again to exceed 2,400 USD/oz on April 19 due to an attack believed to be by Israel...
Gold prices fluctuate sharply up and down but follow a gradual upward trend and sometimes reach close to 2,400 USD/ounce. Geopolitical tensions in the Middle East tend to increase when Israel announces it will retaliate against Iran. According to Qatar's Al-Jazeera TV channel, a senior US official said that Israel could attack targets deep inside Iranian...
#GOLD.. market exact moved as per our video analysis, as we discussed in video that 2312 is the area for downside, but market didnot closed below that, and bounced back, well now we have upside range top around 2334 with 2329 as per pattern, keep close it. upside above 2333 selling will be invalidate. good luck trade wisely
Affected by the risk aversion sentiment, gold rose by more than 40 US dollars in the short term. Once the risk aversion was over, the gold price returned to its original level. The two waves of market movements were very large, and we also made a small profit during the period! From the current market point of view, gold has basically stabilized the support of...
Hello everyone, Brian here. Today, gold has remained stable, hovering around the $2320 mark at the start of the Asian trading session, showing little fluctuation from yesterday. Looking at the outlook and trends: Today, we still see a downward trend in gold. In the short term, the strategy of selling continues to be emphasized as this metal forms a triple top...
Today, gold prices are catching their breath in a corrective move, trading around the $2325 mark with a notable recovery of 0.43% for the day. This precious metal's long-term uptrend remains highly esteemed. The recent dip is viewed as a mere corrective wave within the ongoing Elliott wave structure, having reached its first significant Fibonacci extension at...
Gold price is currently showing a technical move down in the short term, likely following an Elliott Wave pattern ABC in the 4-hour timeframe. Once the C point completes within the buying zone level, we can expect a potential upward movement in the gold price for the long term. This pattern suggests a temporary correction before a potential bullish continuation in...
1)Head & Shoulder pattern (right shoulder forming). 2)Pivots Buy ZONE 3)Dxy weakness forming that correlates with the bullish move on gold.
Black arrow : Possible to price can make a breakout H4 then continue to fly. Blue arrow : is our sell zone Anyway right now the price is still in sideways which 50-100 pips movement.but I will wait for confirmation first
Yesterday's gold market trend was highly consistent with our expectations. We emphasize the changes in the rhythm of long and short, and believe that there is the possibility of an increase after the decline. According to the current trend, gold may remain volatile and strong today and may continue to rise. Although the market has changed significantly recently, I...
I'm expecting price to go finish ABC correction of wave 4 of C and then to fall to complete wave C of primary degree 4
Bullish case: - Wave 4 primary degree is finished. - Wave 2 of 5th wave is finished. - I'm expecting upside with wave 3 of 5.
Long buy executed at 2305.99. I want to see a strong push on H4 candle to close above 2334 for a strong hold. Keep in mind that there is a liquidity price around 2295 - 2290. Let's monitor this trade and see how it goes. My buy is now a risk free trade at Breakeven.
Hello traders. I have marked my area of interest but for now I am just waiting. The current 4 hour chart is all choppy trash to me. I am waiting to see later what happens with the overnight sessions to get out of my no trade zone. I can see a scalp up from the 2316 area towards the 2326 area but for me I will wait for a break and close above or a rejection...
As you can see in the 3-hour time frame in the chart: The price has shown a very good reaction to its 200-day middle simple moving average line. By seeing the confirmation candle, you can adopt the desired position according to the order of the floor and ceiling blocks shown.
Fundamental Analysis Weak S&P Global Business PMI data cast doubt on US economic developments amid growing expectations that the Fed could keep interest rates 'higher for longer' US Q1 GDP forecast will be announced on Thursday, expected to decrease to only 2.5%, this will weaken the US dollar and create conditions for gold to grow. Technical Analysis On...
Gold remains stable amidst a downward trend, given the backdrop of rising US yields. Reduced tensions in the Middle East contribute to market stability, albeit dampening the demand for gold. Looking at the one-hour chart, it's evident that gold's potential for price appreciation is still constrained. The Relative Strength Index (RSI) has solidified around the 40...