While the bulls still have the upper hand i do expect Gold to give us a bit of a pull back to ease on the rally that we had. I don't expect a trend reversal as we have been long Gold since February. Trading highs is very tricky you don't have to be too bias on your idea, checking news events will help in making final decision.
The Fed will release minutes from its April 30-May 1 meeting on Wednesday, which may reflect more concerns about higher-than-expected inflation in the first quarter, as the meeting was held before the release of last week's consumer price inflation report. The Fed said at the meeting that it still prefers to eventually lower borrowing costs, but acknowledged...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
We saw a steady uptrend and extended the trend, especially as the pair crossed all of its moving averages. At the close of the US market, world spot gold prices fluctuated around the mark above $2,417 / oz. Overall, persistent inflation has investors concerned about risk, which increases the need to buy gold for speculative purposes and capital reserves. Wish all...
All our previous predictions about xauusd went 100%✔️✔️✔️ right kudos to all followers. now recent developments on xauusd is that if 2376 area is not breached its a buy for xauusd till 2440 Entry : 2383- 2376 tp 2390 tp 2397 tp 2407 tp 2413 tp 2421 tp 2433 tp 2440
After falling below the support, it fell rapidly. It has now reached the support platform and the rebound resistance is near 2400. The probability of a direct rise is unlikely, so we continue to focus on shorting after the rebound. The lower support first focuses on the vicinity of 2378.
Hi traders would like to share my forecast for XAUUSD Hope you have profitable trade
Hi traders would like to share my forecast for XAUUSD Hope you have profitable trade
SL 1R, no problem! better luck next time, we have something to learn...very good
Gold fell back to around 2405 as expected. Our short gold position today near 2418 ended up hitting TP again. It was a very good trading experience. In fact, as long as you follow me, you will easily find that I have recently reminded you to focus on shorting gold.In particular, the previous article reminded: short gold, and aiming at 2395-2390. Judging from...
Hello everyone As I mentioned before, my ideas in hourly timeframes in correction patterns have many uncertainties and they are just to give you an idea about what might happen. You must not rely on them and get in any positions till you have reliable confirmations. My ideas that do not have Fibo level and is in general view are only to give you a view. For this...
two days before we have published a chart showing potential movement of xauusd and its possible downward tends and upto what level it will fall. we have explained that if it breaches 2407 then it may fall to 2376 bullish targets: 2440 2433 done 2427 done 2421 done ...
It fell below the trend support, sell, tp 2402/2397/2391/2386
Not much has changed on Gold. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, you can find out more in the Daily Gold posts. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the...
XAU/USD Sell Entry Gold Sell Nnow 2408 (SCALPING) TP 2395 SL : 2413.400
#Gold - UniverseMetta - Analysis Sell from breaking the trend line 2416 - private idea The price has updated the ATH, a local rebound to the levels of 2290 is possible. For a more confident entry, you can wait until the 1st wave is fixed or broken to implement a 3-wave structure. Also, the price can update the ATH again and only then begin a correction. Now we...
#GOLD... What a holding of you lr resistance area and placed targeted area.. Congratulations to all followers. Now market have 2401 02 as your supporting area for now. Keep close that level and if market hold it then again bounce exp cted from here. Don't be lazy here. Good luck Trade wisely
#GOLD... What a holding of you lr resistance area and placed targeted area.. Congratulations to all followers. Now market have 2401 02 as your supporting area for now. Keep close that level and if market hold it then again bounce exp cted from here. Don't be lazy here. Good luck Trade wisely