Gold is now at Wave 5, the peak of the rising wedge and the supply zone. I usually set my golden zone at 0.618-0705 so it's also in my golden zone.
After the release of the CPI data on Wednesday buying momentum is picking up in the S&P 500. The expectation is follow through to the upside but not a large move on Thursday.
The price perfectly fulfilled my last idea. It hit the TP. We've seen a retest of the level, followed by a continuation scenario in the market. On the 4H timeframe, OANDA:XAUUSD has bounced off the trendline and support level at 2350. If the price breaks down through this trendline, we can anticipate a high likelihood of sideways movement. However, if the...
Gold's general commentary: As discussed, if Gold does not invalidate #2,452.80 - #2,500.80 psychological benchmarks in extension (Buying every Low's / less likely), I am expecting Gold to finish the Monthly fractal below #2,300.80 benchmark. Needless to mention, that would be Bearish for Gold’s Medium to Long-term (aligns with my Bearish expectations). On an...
Berkshire Hathaway, an investment company is not investing. What is the signal? Why are they hoarding cash? • Not much good investment opportunity ahead • Preparing for tougher time E-mini S&P 500 Futures & Options Ticker: ES Minimum fluctuation: 0.25 index points = $12.50 Micro E-mini S&P 500 Futures & Options Ticker: MES Minimum fluctuation: 0.25 index...
Use MA5 as short-term support and buy in the range of 2362-2358
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago entered to upward wedge, where it at once made a strong upward impulse from the support line to the resistance level, and even soon broke it, breaking the support level also. After this, XAU rose a little more, after which made a correction...
Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 2390, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement Our take profit will be at 2378.60, a pullback support level that aligns with the 38.2% Fibonacci retracement The stop loss will be placed at 2402, High Risk Investment...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest...
And now we're overbought on RSI and MFI. Dumped everything before I wrote this post. Made $4k on this stupid pump by going long yesterday, might take some of that and play for the dip tomorrow, but did well for a quick one day trade so might call it a week and go back to working on projects at home.
Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support. This week I tested the support here at 2335 many times, but failed to fall. From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains. The top of the...
OANDA:XAUUSD Price is currently in making of AB=CD pattern where price already have made AB and from point 'c' price have rejected and in our view it is on the verge of rebounding strongly towards 2400$ region. Which remain a key level for many sellers and other institutional traders. Use accurate risk management.
FX:XAUUSD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction. Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on...
Gold is currently testing a resistance cluster, based on a solid trend line and a horizontal resistance on a daily. Bullish breakout of the underlined area will give us a strong bullish confirmation. A daily candle close above that will confirm a violation. A bullish continuation will be anticipated to 2400 level then. ❤️Please, support my work with like,...
Hey Everyone, Great day on the chart today catching the move up form support inline with our plans to buy dips. Yesterday after break and lock confirmation below 2357, we got our retracement target hit at 2337. We then highlighted, as per the chart arrow our expectation for a bounce back into 2357. - This played out perfectly for the bounce into 2357 today. We...
hello guys im here for a new gold forecast . the price perfectly moved according my last forecast and +340 pips profit done. after eur data gold went up strong and made double top .there is a strong resistance in 2400 level .price rejected from this level many times . 2383 and 2391 also are important level i expect after usd news gold from these level if sell...