It is worth paying attention to two price levels: 2235 and 2222. A breakthrough of the upper boundary with the subsequent consolidation of the price above this level will continue the growth. The expected target in this case could be 2250. A break of the lower level may activate the liquidation of buyers, which will form a correction to 2212, 2200.
#Natural Gas Retesting the previous bottom #B0 level buyers in Daily Time Frames #Strength improved -54 vs -18 is a good sign , Positive score and + 19 will be celebration score ahead. #Weekly Monthly time frames are still in bearish Mode so we may see more retesting of bottoms or new low.
GOLD MAY BE TEST 2250/2270 MAY BE NOT WE HAVE 4 SCENARIO NOW TO WATCH! 1- SCENARIO 1: The resistance of 2250_2260, if it cannot break through, it will test 2210 2200 2190. 2- SCENARIO 2: If resistance above 2260 is exceeded, 2280_2300_2340 will be tested 3- SCENARIO 3: Pay attention to the support of 2200_2185, if it cannot break through, it will again test...
Bank Nifty Fut has to close above this level decisively to become bullish.
BE READY FOR BIG GAPE OF GOLD TONIGHT. GOLD MAY BE TEST 2250/2270 MAY BE NOT WE HAVE 4 SCENARIO NOW TO WATCH! 1- SCENARIO 1 : The resistance of 2250_2260, if it cannot break through, it will test 2210 2200 2190. 2- SCENARIO 2: If resistance above 2260 is exceeded, 2280_2300_2340 will be tested 3- SCENARIO 3: Pay attention to the support of 2200_2185, if it...
According to the price channel the prices respected the trend line I think the price will dropped from the abovementioned line
I'm unable to provide real-time information, including current gold prices as of 2024. However, I can give you an overview of factors that typically influence the price of gold in the market. 1. **Supply and Demand**: The most fundamental factor influencing the price of gold is the balance between its supply and demand. Factors affecting supply include mine...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
I will be watching this plausibility. It makes sense. Everyone who follows can see how bullish Ive been on gold, But I will have to see how this month gets going before I add to my already longs. We could see a major retrace to the 2080 area before it happens. Or we may just keep on moving up. Again, it will be hard to tell without seeing some price action first....
Refined analysis ; The outbreak of the Accumulation occurs and all the market is embarking on is a restes on the breakout ... to continue the rally through the 2200"s ... as said in the previous Analysis about the projection of the price .... whereas a new high was marked @ $2148k/ ounce 💫
The diagonal we identified last week has been confirmed. However, its fifth wave taken out the prior low, making some aspects of the previous scenario irrelevant. In the overall scheme of things, this doesn't change anything other than adding assurance to the scenario with a larger falling diagonal, which we began considering a few weeks ago.
Wait for a break with one candle to the downside and then enter sells on 15min time frame . Follow lleland zacharias on insta for more
Potential Descending Triangle Breakout in Gold The chart for Gold (XAU/USD) appears to be forming a descending triangle pattern. This pattern can be a continuation pattern or a reversal pattern, but in this case, a breakout above the resistance line could signal a bullish reversal. Current Price: $2,193.82 Target: $2,222.96 (upper trendline of the...
Gold prices rose slightly on Monday amid cautious market sentiment ahead of important events, such as the FOMC announcement. XAU/USD increased by around 0.2% in early afternoon trading in New York, finding support near $2,150. The Federal Reserve will hold its March meeting and may adjust its forward guidance and economic outlook due to recent inflation...
World gold prices rebounded after a sharp decline last week. World gold price stood at 2,173 USD/ounce, a slight increase of 8 USD/ounce compared to last week's closing session. I am neutral on the gold price outlook this week. Gold prices have recently increased sharply, so it wouldn't be surprising if they decrease when the USD strengthens at the end of Q1...
OANDA:XAUUSD AND ANALYSIS - Gold’s backdrop remains positive and may lead to further gains. - Retail trader positioning is 50/50. Gold reached a new record high last week but ended the week relatively unchanged after a sharp sell-off. The Federal Reserve hinted at a potential rate cut of 75 basis points this year, which initially boosted gold. However, the US...
Gold Technical Analysis: 4-hour Timeframe: The first range for a reversal and market turnaround in the 4-hour timeframe is almost the upper limit of the uptrend channel: 2244 - 2252 With targets: 2225 - 2212 - 2180 The above scenario is based on positive gap or market start with a positive trend and reaching numbers until tomorrow's close. Sell signals and...
Gold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a new all-time high has continued this week with the precious metal posting a $2,141.8/oz. peak yesterday. This left gold just $3 short of printing a new ATH. The technical outlook for gold remains positive and suggests that the precious metal will...