Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance and then rejects from trendline. Like, comment and subscribe to be in touch with my content!
Where are we today? We are in a rising wedge . . . and there is a risk that gold eventually breaks this primary trend levels . . . but, if past is prologue, then we should see a 15 minute retracement into our next buy at the 4 hour HWB long setup. . . around 2391-2393.6 area.
Regarding developments and results last week: The international gold market received a lot of economic information from major economies such as the US, China, and Europe. In particular, the US releases producer price index data. (PPI) and consumer price index (CPI) April 2024. Looking at gold's volatility and fluctuation range this week, it is predicted that this...
Friends who like to trade gold can add long orders for gold. There is room for an increase of about 6-10 US dollars. The MA 30-minute chart shows that gold is about to form an inverted triangle. It is a good choice to rely on the support below to go long in the short term. In the past, you always failed when trading alone. But everything will change after you...
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
Use MA5 as short-term support and buy in the range of 2362-2358
There wasn't a lot of good news over the weekend that prompted gold to rise sharply this week. On the contrary, gold continued to fall on Monday because of gold's surge. Perhaps this is good news for bears. The trend of the chart then saw a sharp correction due to the digestion of the news, and the current position is oscillating around 2343. Put aside the...
MCX:GOLD1! COMEX:GC1! TVC:GOLD 2313-2315 buy gold. Combined with MA5 cross support. The MA support of the large cycle below. as an upward trend driver. Target 2321-2328 In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner! stay tuned. Avoid missing out on the latest...
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...
The US April CPI posted on May 15 confirmed an growth of 0.3% final month and an growth of 3.4% over the identical duration final year. The US CPI growth in April changed into decrease than the forecast of monetary professionals collaborating in a Reuters ballot earlier, pronouncing that the CPI extended via way of means of 0.4%. Mr. Jim Wyckoff, senior analyst...
Geopolitics is once again dominating the news. Gold is strengthening again, viewed in conjunction with the golden ratio. The buys that can maintain this position are the main ones. Buy gold price near 2320. Target position short-term 2346 first line In the past, you always failed when trading alone. But everything will change after you follow me. Because we...
Gold price analysis: Current short-term trend: Up. News: Good news for gold Technical Indicators: MA shows bullish trend Short term pattern: triangle consolidation Breakthrough direction: Up Support: 2366-2262 Pressure: 2397-2404 In the short term, low buying is still the main trend! The above gold prices are based on the real-time prices on...
Gold prices are about to cause a sharp correction. Be prepared to sell high Gold's rise. I'm actually not surprised. Friends who follow me know that I have been bullish on gold since last week, as mentioned in my previous views. Gold is like a very strong bull There are several reasons: First, to put it simply, it is the rising risk aversion sentiment in the...
From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large. The U.S. dollar also surged higher but fell back, providing good support for gold prices. A substantial support has been formed at the hourly level, and the four-hour...
The target is at 2186-2183. Step back on the support below to confirm. Bulls are currently strong. The support below is still in effect. sl is set at the position of 2169-2167
Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236. Now we have a new formation in the making - W FOrmation. I do believe we will get some sideways movement to create equilibrium and prepare for the next run up. So as long as the price is above the 20 and 200MA - it's good to go! My...
World gold prices increased sharply with spot gold increasing by 27.4 USD to 2,385 USD/ounce. Gold futures last traded at 2,391.8 USD/ounce, up 31.9 USD compared to yesterday morning. Gold prices rose to their highest level in more than 3 weeks on May 15 (US time) thanks to support from the weakness of the greenback and falling yields after the latest inflation...
possible sell around these levels before making new highs. looking for sell setups. for both gold & silver. invalidation price : daily close above 2450$ / oz. good luck.