Gold prices are in a slight decline. The reason may be due to profit taking after increasing by more than 1% the previous day. The release of lower-than-expected US CPI and Retail Sales data for April has led to a change in expectations about the Fed's future interest rate path - an important factor contributing to the direction of gold prices....
World gold price (XAU/USD) decreased slightly yesterday after increasing to nearly reach 2,400 USD/ounce. According to experts, the reason may be due to profit-taking pressure after the strong increase the previous day. In addition, the recovery of the USD is also detrimental to gold. In the short term, the combination of stable inflation and weakness in other...
Trade Plan 05/17/2024 Watch overnight PA and consolidation area, after NY Open wait to see if consolidation zone works as Support/resistance or magnet as chop zone. 1. IF Consolidation area works as support, go Long 2. IF Consolidation area works as support. go short 3. IF Consolidation area works as magnet and chops, play the range until it breaks
Here on Gold price has be going down and able to break the trendline and retest and the same zone so it like to rise more as the trendline has broken . So is expected to go for LONG and expected profits should be a psychological level of 2385.000 (TP1) and another psychological level of 2390.000 (TP2).
Gold is now in wave 5, rising wedge and peak supply zone. Stay tuned as I give you daily internal signals
Trade base on your own understanding, this idea base on monthly opening price at 2286.7 The idea must be clear that previous low before it rise up again. atleast 2265-2255 Once the previous low clear , we wait for price to form a shift of structure. But if youre an agressive trader welcome to trade it in. Im waiting the price to comeback to 2286.7 for my...
There is always a chance that the market will continue to move in the opposite direction, but in its current state, based on the trading I have seen, there has been a clear breakout and a retest of the major trend lines. I always look for major support levels, and once the support is broken, I look for a breakout and retest (1) the trend line (vertical), and then...
Oil prices fell early Tuesday after a report that U.S. inflation was higher than expected reduced the chances of a U.S. interest rate cut. At the same time, Opec maintained its optimistic forecast for oil demand in 2024. West Texas Intermediate (wti) for June delivery fell $0.47 to $78.65. Brent crude, the international standard for July delivery, fell 46 cents...
On Tuesday (May 14), Federal Reserve Chairman Jerome Powell said that there is less confidence in inflation coming down than before. But he stressed that he did not think the next move was likely to be an interest rate hike and that it was more likely to keep the policy rate at its current level. Powell said the U.S. economy is doing very well and has a very...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The gold price (XAU/USD) is trading bearishly after falling from the $2,400 level. The recent rise in precious metals was driven by lower-than-expected US inflation data in April, which raised hopes of rate cuts by the Fed. However, comments from Fed officials on Thursday signaled that interest rates...
This week, as signs of stabilizing U.S. inflation increased the possibility of the Federal Reserve cutting interest rates as early as September, spot gold was boosted and took the opportunity to rise. On Thursday, it once approached the $2,400 mark, and then began to fall back under pressure of $2,397. The European market continued to fall, and the US market...
#XAUUSD Buy Idea .......................................................................
Hello everyone, this week is coming to an end, how is your trading situation, whether you need help, we will get enough profit every day through internal signals, if your account is still losing money, or your account is locked, or you are a new trader, if you need help, you can contact me, no matter how much money you have, I will help you. Let's earn enough...
HG - copper demand is higher this year as the economy expands globally. On the 60 minute chart price hit a high pivot on May 15th and pulled back in a standard Fib 0.5 fhsion. Price has touched the upper boundary of that support three times and has now printed a wide range green HA candle. I believe that this is a reversal pattern and will take a long trade...
Hello friends, I have said more than once not to sell easily, you can see that I have been buying in the gold price 2337, and then have reached the high point of the gold price, through non-stop buying in these days to obtain huge profits, if you do not know how to trade now, but also feel doubts about the current market turbulence, you can contact me. No matter...
Gold decreased yesterday, creating a bearish pinbar on D1. This price action shows resistance around the old peak confluence + round number 2,400. Gold D1 chart structure shows that the price is moving sideways in an upward trend. Gold is pulling back down, falling to retest the confluence zone + the downward sloping trend line. Because the upward price trend is...
The Disciplined Trader XAUUSD DAILY INTRADAY TRADING IDEA How to enter the CHART ?? 1. Look for candle to cross our zones 2. If the candle crosses above/below our zones and closes then take buys/sells ( look no 4.) 3. Look for 1hr candle confirmation / 15/30 mins TF for entry during Asian session and 30 mins TF confirmation/ 5/15/30 mins TF after london...