On the daily time frame, gold has once again entered the overbought zone. It has been on an upward trajectory without any significant counter correction, primarily due to the buying pressure from FOMO (Fear of Missing Out) investors. Although sellers are attempting to capitalize on a perceived triple top pattern, the weekly time frame indicates that the price...
Gold on a lower time frame consolidating. if it unable to close above 1948-50. soon it will drop too 1930 for some retracement.
Gold made a perfect head and shoulder pattern on 1D. break of this pattern will push gold much higher. buying in dips is preferable
Once it breaks above 2009. There is a good buy and the first resistance would be around 2050. and below 2009 level gold can continue sideways correction.
Gold held up well 1992 level. nearest resistance 2009. once it breaks gold will shoot up till 2025-30 very easily. FOMC buyers buying gold.
Gold on monthly time frame trying to break a long consolidation range. buyers are waiting for candles close above the range so FOMC buyers will enter in market and it will be very easy for gold to move 2300.
Gold resistance level at $2050. If there is a pullback to the $1980 range, it could present a favorable opportunity to buy gold with a target of reaching $2050. if the price dips below $1980, there is a reliable support level at $1950. I strongly recommend exercising caution and refraining from rushing into buy trades; it's prudent to wait for a correction. FOMC...
Gold encountered significant resistance at the level of 1985, and it was unable to surpass this resistance on the daily chart last week. It is expected that after breaking the 1985 level, there will be a surge of FOMO (Fear Of Missing Out) buyers. In light of recent changes in monetary policies, there is an expectation of a rate cut in the upcoming Federal Open...
Gold @1932 it's noteworthy that bullish sentiment has returned following recent news about the war. FOMC members are expressing concern regarding the drop in yields, which may prompt an emergency rate cut in the coming months. As a result, there is considerable potential for Gold to surpass the 2100+ mark. However, it's important to be prepared for a potential...
Gold is currently maintaining its position in support zone 1 (SZ1). If it continues to hold successfully in this zone, it may indicate that the market is preparing for another upward movement. It's advisable to keep a close eye on the support zone around 60 and consider using it as your stop-loss level to mitigate potential losses.
Gold, currently at the price of 1879, has reached the sell zone, with a strong resistance level between 80 and 85. I recommend considering short positions with a stop-loss order set at 93. The market is expected to remain volatile due to the release of the CPI data later today.
I started building my buy entries from here. last buy entries will be around 04-03. the market is stuck between 1915-08. Stop below 04-03.
Gold 1D time frame; price tested bottom and top trice, next direction will be on breakout. The lowest trendline value is 1860, and the strongest resistance is 1985. Economical indicators indicate an economic downturn following NFP, GDP, and JOLT, hinting that the soft landing narrative is changing.
Gold 4h time frame has completed its 50% retracement. 60% is around 11-12. that would be our buying zone and aiming for 25-30
NFP numbers are expected to be bullish today. The market is expected to stay choppy before NFP. The bullish trend will continue if we don't get closer below 1926 and high would be 1955-60. strategy unchanged buying dips. Support levels 1936, 1926 Resistance levels 1950 & 1960
Gold 4h time frame, market will stay choppy till Jackson Hole meeting Thur-Sat. Market will pick direction after Fed speech on Friday. we have two selling point here and stop above 1910.
Gold 1D time frame has a double bottom possibility and 60% correction completed here too, SL should be 1892 below cloosing
Expecting some relief on 4h time frame. this could stretch a bit till 1895.