Hey there on 1htF the Gold has moved upside on Asian session open and now continue moving upside so we expect that today can touch 2400 level or maybe go higher
🔴 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...
Gold technical analysis
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2384-73
Gold operation advice: Yesterday, gold relied on the 2350 mark to continue the strong bullish fluctuations and rose, and finally broke through and surged. After the opening of the Asian and European markets, the bulls fluctuated...
Gold continued to show a volatile downward trend today, continuing to fall after breaking through the previous high-level support on the 4-hour chart. The K-line is basically close to the short-term moving average, showing a relatively obvious downward trend of shock. There is almost no sign of a strong rebound during the session, and there is no signal of a...
Here on Gold price has be going down and able to break the trendline and retest and the same zone so it like to rise more as the trendline has broken . So is expected to go for LONG and expected profits should be a psychological level of 2385.000 (TP1) and another psychological level of 2390.000 (TP2).
XAUUSD was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target...
Gold is just an adjustment in the short term. The bullish trend has not changed yet. The correction has been in place. Buy directly at the current price of 2340!
After the opening of the market, gold continued to adjust weakly, stepping back to the support of the 2340 area. After the short-term dip, it continued to be bullish. Gold has begun to step back to the...
Simple trading - Cup and handle pattern
Watch gold to see if the handle will be filled. I have marked the probable retracement using the FIBB (purple lines) If gold manages to hold above .618 or 2340 we can look to continue buying.
With the DXY making its way back up after testing previous support (104.05) it is only a matter of time before GOLD gets the...
hello guys...
I think gold broke the channel and touched the middle line of the next channel at the same time it hunted (the yellow circle) the last high! (I've shown it by the dashed line!)
so it is possible to touch the previous level that has been hunted!
the next target is the blue area!
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✓✓✓ always do your research.
❒❒❒ If you...
The recovery of the global stock market is also considered a factor causing gold prices to "slip" in the last trading session of the week. Global stock markets were mostly higher with US stock indexes pointing towards a higher open as the day's trading session in New York began.
The gold market in China is also strongly affected by the resurgence of the COVID-19...
XAUUSD is moving possible in consolidation. It's stilll an opportunity to buy up until the current rejection zone. Prepare accordingly and wait for confirmation.
Trade wisely
Gold prices hit their highest level in over three weeks on May 15th (U.S. time), supported by the weakening U.S. dollar and declining yields following the latest inflation report. Data showed that the U.S. Consumer Price Index (CPI) in April rose less than expected, increasing the likelihood of interest rate cuts by the Federal Reserve (Fed). The U.S. dollar fell...
Gold prices continued their uptrend on Thursday and rose more than 1% as US Treasury yields fell, reducing the greenback's appeal. Labor market data from the United States was weaker, increasing the chances of an interest rate cut by the Federal Reserve despite facing inflationary pressures.
XAU/USD's daily chart shows it has slowed its recovery around the...
