Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure and Retracement RSI - Divergence Completed " 12345 " Impulsive Waves and " A " Impulsive Waves Bearish Channel as an Corrective Pattern in Short Time Frame Resistance Level
Gold has managed to break the Support zone($2,337-$2,318) and 50_SMA(Daily) . According to Elliott's wave theory , Gold is completing its next 5 downtrend waves . It is possible to form a Descending Channel , Gold can react to the lower line of the descending channel. I expect Gold to continue falling to the next Support zone($2,272-$2,248) . Gold...
Here on Gold the price was uptrend and later come down due to NFP news happened on Friday so the price later return to a the support zone and is likely to move down if it break the level marked but if unable to break the level that means it will continue it up trend movement. So is advice able to wait and to see the movement first weather is going up or down...
📎GOLD/XAUUSD ANALYSIS: 💬🕯The recent non-farm payroll data has had a bearish impact on spot gold, causing a significant sell-off and driving prices down to a low of 2295. This downturn has disrupted the previous upward trajectory of gold, indicating a pronounced downtrend. It's anticipated that gold will remain under bearish pressure. Investors should monitor the...
The chart provided is of Gold Spot (XAU/USD) against the US Dollar, in a 4-hour timeframe. Here’s a detailed analysis and summary: 1. Trend Analysis: - The overall trend from early March to mid-May was upward, with gold prices rising steadily. - Recently, there has been significant volatility, with noticeable peaks and troughs indicating a correction or...
XAUUSD NFP DAY ANALYSIS 7-6-24: Spot Gold Prices and Market Movements Current Trends: Spot gold prices have surged to $2,387, indicating hawkish market movements. However, with the opening of the UK session, a retracement to a low of $2,340.92 has already been observed. Upcoming Data: Looking ahead, the release of the Non-Farm Payroll (NFP) data on June 7, 2024,...
Gold price plunged by $50 before the data, and there are signs of stopping the decline in the short term. This wave of plunge is very likely to digest the data in advance, so I personally prefer a short-term rise; Light long position, target around 2350. If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
Gold has been consolidating for almost 2 weeks, we finally got a break and currently on a retest. Today is NFP day we expecting price to continue pushing Gold high, at such high impact news we recommend that you either use proper risk management or stay out of the market. This is only a trade idea and Happy Trading OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY
Gold price (XAU/USD) trades with mild negative bias after retracing from fresh two-week highs during the European trading hours on Friday. Investors now opt to move to the sidelines and wait for the release of the closely-watched monthly employment details from the United States (US). The popularly known Nonfarm Payrolls (NFP) report will play a key role in...
GOLD- what a perfect move as per our video analysis and congratulations of all. now we have 2332 around today supporting area,keep close it if market hold it then again bounce expected from here, and keep in mind that is your also cutt n reverse area, good luck trade wisely
#GOLD- well guys market perfectly placed your targeted area 2376 78 Now we have upside resistance area from 2380 to 86 That region will play key role with upside channel line. Let see what will be from market from your expected area. Keep close it and don't be lazy here.. Good luck trade wisely
From the 1-hour level, MACD red column continues to increase, and the short-term trend is falling. You can go short directly, and the target is 2350. If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
Greetings, Traders! In today's video, I will provide an in-depth analysis of Gold to establish what I anticipate for today's trading, as well as for tomorrow, especially with the upcoming NFP news release. This video will be both narrative-driven and educational, covering the Fair Value Gap (FVG) theory. You will learn how to identify high-probability FVGs, which...
💥Gold reacted strongly at 2360 and could not overcome the old resistance level to break back to 2400. Gold has formed a double top pattern on the 4th hour frame. 💥After returning below 233x, important support levels 2317-2310 -2305 will be believed by investors to push gold prices back up. 💥The price is retracing relatively far from MA 34 and MA 89, so the...
EUR/USD clings to gains above 1.0850 following US inflation data. EUR/USD traded in positive territory around 1.0850 during the US session on Friday. The US dollar struggled to maintain its strength following the April PCE inflation data and helped the pair hold its ground at the end of the week. The EU region's CPI consumer price index has begun to cool down,...
📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has...
The British pound remains steady in today's US session, however it remains below the 1.2800 level. The main price range that the pair is trading with is the main resistance at 1.28200 and support at 1.27500 In general, the currency pair is still in an uptrend, so we will prioritize BUY signals to be safer when trading this pair. Trading signals BUY 1,275-1,273 SL...
World gold prices reached the highest level of the last two weeks around 2374. Gold was supported by the weakening of the USD and the decline in US government bond yields after the latest labor market data. The ADP report of private companies added 152,000 jobs in May, much lower than forecast and compared to recorded in the previous month, this is the lowest...