Hello,Friends! We are going long on the GOLD with the target of 2363.420 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
On the daily chart, gold has lost almost all of its technical points to a bullish structure, instead with a weekly close below the $2,300 base point opening up expectations for more downside with a target level. Short-term target is aimed at the 0.382% Fibonacci retracement level. The relative strength index (RSI) is pointing down but has not yet reached the...
Hello friends, Yesterday, gold experienced a significant drop, losing over 800 pips and breaking through the crucial 2300 USD support and psychological level. Gold's recent movement created a false breakout, misleading many investors. Looking ahead, we anticipate a retest of the 2282 USD level, followed by a mild recovery in line with basic wave structure...
The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap. this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday. if this momentum continues it will be a fall for xauusd. more clear cut analysis will be posted soon...
The US manufacturing industry lost more momentum and increasingly fell into a state of contraction. This data led to an increase in interest rate cut expectations, the US Dollar and US Treasury bond yields fell, and the gold market regained momentum and remained around 2,350 USD/ounce. On Monday, the Institute for Supply Management (ISM) announced that the US...
GOLD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GOLD Entry - 2294.0 Sl - 2264.4 Tp - 2342.2 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
On last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅ BULLISH: 2335 ✅✅✅ 2343 ✅✅✅ 2347 ✅✅✅ 2355 ✅✅✅ 2367 ✅✅✅ 2376 ✅✅✅ 2398 BEARISH; 2321 ✅✅✅ 2312 ✅✅✅ 2298 ✅✅✅ 2287 ✅✅✅ 2282 our analysis for monday june 10 2024 as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on...
SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows -...
Although PCE data shows inflation has cooled, gold prices OANDA:XAUUSD Still reversed Friday's gains and fell to close at $2,327/ounce. PCE data was in line with market expectations, but core PCE data was below analysts' expectations, suggesting inflation in the US is cooling faster than the market expected. So fundamentally the likelihood of the Fed cutting...
Despite the strength of the US Dollar, spot gold OANDA:XAUUSD still increasing strongly and stably. Growing expectations of interest rate cuts by the Federal Reserve and falling US bond yields have provided bullish momentum for gold prices. In addition, tensions in the Middle East have stimulated gold prices to attract safe-haven buying. Benchmark 10-year U.S....
The current analysis suggests a bullish trend for OANDA:XAUUSD . A retest of the pivot line at 2294 is expected. If the price holds above this level, it is projected to rise first to 2306. Stabilizing above 2306 could lead to further upward movement towards the 2322 and 2333 zones. However, if the price fails to hold above 2294, it may decline to 2281 and...
My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2304.0 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2338.4 My Stop Loss - 2279.4 About Used Indicators: By the very...
The price of gold was holding during the week, reaching its highest weekly level at $2.380. However, Friday`s trading session brought some negative sentiment to this market, which was both impacted by the US jobs data and moves from China. Namely, on one side the US posted data showed further weakening of the US jobs market, where the unemployment rate was...
Here is my latest structure analysis and important key levels to watch on GOLD next week. Resistance 1: 2315 - 2327 area Resistance 2: 2375 - 2387 area Resistance 3: 2426 - 2450 area Support 1: 2265 - 2286 area Support 1 and Resistance 3 compose a wide horizontal range on a daily. Consider the underlined areas for pullback/breakout trading next week. ...
Technical Analysis The price has successfully followed its bullish trend, reaching our target of 2386. Today, the market is expected to be highly volatile due to the reports on non-farm payroll (NFP) and unemployment rate. Depending on these economic indicators, the price might correct to 2357 before dropping to 2328. It is crucial to monitor the closing of the...
Dear traders! Gold established a downtrend after failing to overcome the resistance level of 2400 USD and closing below the negative level of 2300 USD as large buyers such as the Central Bank of China stopped buying thus negatively impacting gold prices before the weekend and is likely to have a long-term impact on gold in the near term. On the new outlook for...
hello guys... gold is at the bottom of an ascending channel so we can consider a little upward movement from here! but from my point of view, I think it would continue to downward movement from 33% (the drawing arrow) or 50%(the blue area) of the last leg! targets is indicated in the chart are: 2285 2255 2222 ___________________________ ✓✓✓ Always do your...