SELL 2373.00 TP 2277.00 in forecast. Gold weekly forecast.
For tomorrow, the resistance areas are: 2400 and 2410. The support area we're finding on the M30 is at 2380. These levels will perform tomorrow, and we should also keep an eye on geopolitical events. Additionally, tomorrow we have Unemployment Claims news affecting us.
💥 GOLD information 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...
Gold prices extended gains near $2,360 on Monday during the first hour of trading in Asia. Rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. Gold prices traded positively during the day. The yellow metal kept the bullish trend intact as it held above the key 100-day Exponential Moving Average (EMA) on the daily...
In his speech in Amsterdam, US Federal Reserve Chairman Jerome Powell said that inflation is still high and the Fed will have to spend more time in this fight. He said the Fed will maintain restrictive monetary policy until inflation falls to its 2% target. Marex analyst Edward Meir said that the fact that Fed Chairman Jerome Powell did not signal a rise in...
Hello,Traders! GOLD broke out of the Bullish wedge pattern and Went up just as I predicted And is now going down To retest a horizontal Support level around 2346$ And as we are bullish biased We will be expecting A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Anticipating a continuation of the current bullish expansion. Next target is the H4BST for a 1:7
Gold recently became extremely overbought in momentum terms against ALL major fiat currencies. For example, the following daily charts show that based on the daily RSI(14), a momentum indicator included at the bottom of each chart, gold recently became as stretched to the upside as it was at any time over the past 15 years, including at the 2011 major peak,...
Looking forward for this structure. Still in bearih side. Trade at your own risk.
Hey there on 1htF the Gold has earlier was touched 2390 from yesterday CPI news it will take so much buy side so now we can predict that can be reflected 2370 and other side will looks for sell side above 2410 previous high level
After a slow start to the week, gold prices recovered on Tuesday, reclaiming the $2,350 mark. If the upside gains accelerate in the coming trading sessions, the next technical hurdle lies near trendline resistance at $2,370. Removing this barrier could spur increased buying activity, setting the stage for a potential rally to $2,420 and even $2,430. In the event...
Cooling US inflation pushed gold prices up nearly 30 USD an ounce, and helped Wall Street set a new record. Closing the trading session on May 15, each ounce of world gold for immediate delivery increased by 27 USD to 2,385 USD. During the session, gold price at one point touched 2,390 USD - the highest in nearly a month. The market went up due to the weakening...
GOLD TRADING SCENARIO ON MAY 16, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2283, then Buy Gold immediately. TP hopes to reach 2398, which is further than 2413, but there is a condition that requires at 6:00 p.m. Gold closes above 2388, and vice versa. Gold closes below 2388, then exit Buy and move. Sell direction to 2363. Sell...
I circle all red histograms in the daily chart daily soon enter bullish trend but I will show other TF why bullish trend might hit 2450 soon
In this analysis, we'll be focusing on the H1 timeframe for XAUUSD. We are looking for SELL opportunity from supply zone area. If the market price reject (2360.00 - 2364.00) supply zone area, than we go for sell and the target is set at 2348.00. But if market price break the area of supply zone toward upside than market price will go further in upward direction to...
We have identified the purchasing area, which is considered strong support, and it is possible to buy from an area. We believe that the best areas to buy are 2323 & 2303.
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 16 May 2024 BUY LIMIT Order: $2366.58 Stop Loss: $2351.67 Take Profit 1: $2381.25 Take Profit 2: $2400.76 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Wait for Confirmations on lower timeframe to mark your ENTRY. targeting LTF SELLS untill Daily Imbalance 50% area , Then after break of structures to the upside, you can target institutional levels for sniper entries for BUYS! Use proper RR ! Dont Risk More Than U Can Afford To Lose! TalhaJin The goal of a successful trader is to make the best trades. Money is secondary