Hey Everyone, A great week tracking the entire move up completing all our targets, which followed with the rejection today with a massive tank below 2390 Goldturn all the way down into the retracement range completing this full setup. EMA5 is now testing this level and will need a cross and lock below 2310 to open the swing range or failing that a support...
Hello everyone! Let's dive into the interesting movements of gold at the end of this week's trading session! Currently, gold is trading around $2,370, with little change compared to the same time yesterday. However, the upward momentum remains steady at this level. Recent expectations of a rate cut have weakened the USD and lowered US Treasury yields, providing...
Dear traders! Gold has ended the wave of adjustment in the context of market expectations that the US will follow the ECB in loosening monetary policy, in the direction of reducing interest rates in the near future. At that time, the USD will decrease in value compared to many other foreign currencies. Gold prices may increase even more in the future. 2 Plan to...
FX:XAUUSD is manipulatively declining and catching buyers by surprise (liquidation) before the news. Price may start a strengthening phase from strong support (2330-2325) on the back of weak dollar Traders are waiting for NFP to be released at 12:30 GMT. Yesterday, the market received 229K on Initial Jobless Claims, which generally gives hints of a possible...
Dear traders! Gold's return to a key support structure follows an update to a high of $2,387. =)2332 USD would be a good entry point to buy on the next bull run! This is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2332 USD, the opportunity will be better, because the general fundamentals of the market are still positive.
By analyzing the #Gold chart on the 2-hour timeframe, we can see that the price finally filled its old FVG and entered the $2386 supply zone, followed by a sharp decline. The price corrected over 500 pips down to $2332! Note that this significant drop in gold created a large FVG. If today's actual NFP rate is announced to be lower than the predicted rate, it will...
THE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
Hello friends! A descending price channel is gradually starting to appear on H4 which usually determines our outlook. Speaking of news: Gold prices remained under strong selling pressure during the European session, extending losses below $2,350. China has paused purchases of gold reserves after 18 consecutive months, exacerbating the decline in gold...
Dear traders! On almost every timeframe, gold is showing significant gains remaining at high levels with steady trading activity on the H1 timeframe. However, in terms of prospects, previously, after testing the high of 2380, sellers actively corrected and sold off. This precious metal's strength may have been exhausted, as can be seen by the setup against...
Hey Everyone, A PIPTATSIC finish today starting with our 2359 target HIT!!!!! We called this target yesterday, and the day before to complete this range This target followed with the cross and lock above 2359 opening 2374 and potentially 2390 at a stretch. 2374 was also hit today with a dip back to 2359 for support and then buying dips inline with our plans for...
FX:XAUUSD is supposedly ending the correction wave on the background of fundamentally weaker dollar. ECB rate and US news (Initial Jobless Claims & NonFarm Payrolls) ahead The European Central Bank is expected to cut interest rates for the first time since March 2016 at the end of its June policy meeting later today. Meanwhile, markets now have a better...
Today, gold prices surged, with the last trade at $2,375.2 per ounce, up $27.8 from yesterday morning. Gold rose midweek, supported by the weakening USD and lower Treasury yields, following the latest data showing a cooling labor market. According to the ADP report, private companies added 152,000 jobs in May, significantly lower than the previous month's figure...
Gold broke and closed above a resistance line of a narrow accumulation range on a daily. Such a violation indicates the strength of the buyers and a highly probable bullish continuation. Next resistance - 2403 ❤️Please, support my work with like, thank you!❤️
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Seasonal Outlook 🌦️ June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it soon broke $2320 level, which coincided with support area. Then price continued to grow in channel and later reached $2390 level, which soon broke also and continued move up. Soon, price left channel and...
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...
Hello everyone, it's Jessica again, and today let's analyze the trend of gold together. The world gold price today decreased by -0.11% over the past 24 hours, corresponding to a decrease of -2.65 USD/Ounce. Technical analysis shows that the gold price is currently in a short-term downward trend. The MA line indicates stable growth, and the RSI indicator...