After overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that...
Trade what you see not what you think May 10, Comment: Gold- Plan B Pattern: Bear Flag Target (Short-term) = $ 2280
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However,...
Currently, gold is clearly in a volatile upward stage, the volatility is not very large, and the price range has been running between the upper and lower counters of the Bollinger Bands. Today we bought when the price of gold fell to 2342 and successfully reached TP2355. Now the price is again near the Bollinger Band upper limit, and the opportunity to sell has...
Swing Trend XAUUSD Primary : Down Trend Secondary : Down Trend Minor : Down Trend Entry Sell at Order Block and Reversal Pattern, then Take Profit at Range Volatile Day Low and Stop Loss at Cancel Minor Trend.
Gold currently continues to focus on the resistance near 2368, which is the focus of the current trend shift, so if you are trading in the general trend, this position cannot be ignored. If it cannot break through 2368, bulls may counterattack at any time, so the risk of going long at a low level is relatively small. But once it breaks through 2368, you need...
In the past day, gold reached a high of around 2364, just one step away from the resistance. Today's focus is still on whether the resistance is broken or not. Judging from the current market situation, I still want to try the resistance. It depends on whether I can accumulate enough bullish power in the 2347-2334 range during the backtest. If I can, then...
Hello traders, hope you doing great. for upcoming week, I think we'll probably see an upward correction to one of the specified levels and then it will start to fall to 2300. so with a proper trigger, we can open a long position and after that, a short position. and finally tell me what do you think? UP or DOWN? leave your comment below . if this post was...
Gold fell as the dollar rose to a new one-week high after traders reduced bets on the Fed cutting interest rates more than once this year after hawkish Fed meeting minutes released early Thursday morning. The strong performance of U.S. initial filings and PMI data released on Thursday night further dampened expectations of a rate cut by the Federal Reserve. The...
The current analysis indicates a Bearish trend for OANDA:XAUUSD , provided it stays above the PIVOT LINE at 2360, and it's possible to touch 2369 as well then it'll start the bullish trend. The prevailing Bearish pressure suggests that if trading remains below 2360, the trend will continue a strong downward till 2330. Key Levels: Bullish Line: 2376, 2397,...
💎XAUUSD Analysis💎 🔸The short-time period gold rate continues to be retaining an uptrend, specifically after checking out the 2347 neckline yesterday. Therefore, nowadays it's far anticipated that gold will preserve to upward thrust to discover the resistance vicinity across the 2370-2375 threshold. You can bear in mind shopping for across the 2350-2355 vicinity,...
In early trading on Monday, spot gold suddenly fell rapidly in the short term. The price of gold plummeted by nearly $15 from a level near $2,337/ounce, and currently hit a low of $2,319.82/ounce, setting a new intraday low. A piece of heavyweight news came from Israel, which further cooled the market's risk appetite, thus hitting the gold price trend. This week...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains strength on Monday, supported by a weaker US Dollar and escalating geopolitical tensions in the Middle East. The long-term outlook remains positive due to increased demand from central banks. However, expectations of fewer rate cuts by the Federal Reserve and a hawkish stance...
The 1-hour moving average of gold continues to cross downwards and the short position is arranged. The decline is not over yet, and there is still room for decline. The U.S. market is closed today. The market is likely to fluctuate slightly. Since it has already risen, don’t chase more, or choose Sell at a high position is safer. The current price of gold is 2347,...
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
After the sharp rise in gold, the market did not continue and continued to rise and fall. The bulls just tried to resist, but they were still unable to do so. Gold is still in a short trend, and the current price is 2345. It is directly short! The 1-hour moving average of gold continues to cross downward and the short positions are arranged. The short positions...
On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...
Today, gold once again tested Friday's US market high near 2347 and continued to fall. It did not continue to sprint to the 2350-2355 area. Gold is still in the low-level shock repair stage. Moreover, there is some lack of strength during the rebound. Based on the current situation, gold may have to trade time for space. Gold's rebound failed to break through the...