Hello wonderful friends, What are your thoughts on today's gold prices? After a significant drop to below $2,282 yesterday, gold has made a slight recovery today, moving back above the $2,310 mark. This rebound is driven by a sell-off in the US Dollar and US Treasury yields following dovish comments from Fed Chair Powell regarding the future of interest rates....
Hello all dear traders! Gold prices today continued to consolidate at high levels with a steady upward trend above the $2,300/ounce mark in overnight trading after the US Federal Reserve (FED) quashed expectations of any interest rate hikes. What's next - this pulled the dollar lower and brought some relief to commodity prices. However, the prospect of US...
XAUUSD trading strategy: In summary, after being under profit-taking pressure around the 2400 USD level, XAUUSD is still continuing to stabilize in a descending price channel on the H4 chart, which shows that the medium-term outlook tends to be favorable for the sellers gradually become stronger. The current fundamentals are negative and it is likely that the...
Hey Everyone, Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips. We started the week with price playing between two weighted levels 2351 resistance and 2333 support. We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a...
Considering the status of gold, which was moving in a long-term uptrend line and now that trend line has been broken, we should expect a significant price decrease from it.
Market news and reviews After the Federal Reserve kept interest rates unchanged for the sixth time and announced it would slow down the pace of balance sheet shrinkage, gold prices rose sharply above the $2,300/ounce mark and held above this important price level, At the same time, it also achieved the target adjusted increase in publishing the previous issue sent...
Gold prices reversed their gains after initially recovering above a key support level today, with momentum hindered by persistent expectations of higher U.S. interest rates over an extended period. The precious metal briefly returned to the $2,300 per ounce mark in overnight trading following the U.S. Federal Reserve's indication that there would be no immediate...
Hey Everyone, A piptastic day on the charts today kicking off the new month with blues. Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries. We then stated that we will now wait for this area to support and head for the...
Gold is currently moving above an uptrend line and has broken a bearish triangle pattern, indicating its intention to continue the uptrend. As long as the uptrend line holds, gold is heading towards 2360. However, if the uptrend line is broken, we can expect a price decline towards 2260.
Selling XAUUSD at the current price of 2320/19 is recommended. The entry price is set at 2320.10, with three take-profit levels: 2315, 2312, and 2308. Additionally, a stop loss is placed at 2326 to limit potential losses. This strategy aims to capitalize on a potential downward movement in the XAUUSD pair, with the take-profit levels indicating incremental targets...
analysis suggests that the optimal selling zone for crude oil stands at 6651. This assessment prompts strategic considerations for traders, with suggested take-profit levels at 6575, 6530, and 6500, offering multiple opportunities to secure gains. However, to mitigate potential losses, it's advisable to set a stop loss at 6720, safeguarding against adverse market...
#GOLD.. it was fantastic move as we told you in today video analysis, now market have 2296 as one of the most important support for today, if market hold that level in that case you can see a bounce from here, only only buying invalidate below 2295 and that will be your cutt n reverse area on confirmation. good luck trade wisely
From yesterday to today, gold has gone through a roller coaster market. Yesterday I said that the price formed an M-shaped pattern after falling at the 2310 resistance level. However, affected by the Federal Reserve's interest rate decision, the gold price suddenly soared from 2385 to the highest point of 2328. However, it fell all the way after encountering...
Clear break to the upside then a retest. I see a head and shoulder patter. Then a bullish Engulfing. I take my buy.
Gold is trading at 2296, with a notable resistance level observed at 2300. Should gold breach this resistance, traders may consider pursuing the following targets: 2310 to 2318. Alternatively, should a sell pattern manifest, indicating a potential downturn, traders may anticipate the following support levels: The initial support rests at 2275, followed by...
Hello Traders , Upon reviewing the gold chart in the 2-hour timeframe, we observe that, as per our primary analysis and expectations, the decline continued and managed to correct down to $2281! As we had marked on the chart two weeks ago, the range of $2268 to $2284 was an important demand zone where we expected the price to show a positive reaction after reaching...
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative...
Yesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the OANDA:XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue...