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...
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...
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...
GOLD nowadays is going for walks above the 235x zone. With this rhythm, on body D1, I see that the candles are going for walks absolutely above the MA. In addition, as on Zoom final night, I additionally stated that Gold will without difficulty react barely with the parallel resistance location at 2356>2360. >If at this Beat Gold will increase strongly thru this...
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,...
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...
My Dear Robbers / Traders, This is our master plan to Heist GOLD Mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 Plans with target in the chart focus on whether Long or short entry. Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous level market is overbought & Oversold /...
Gold began to rebound after falling to near the starting point of this rise. Now it is approaching the resistance level, the indicators have begun to weaken, and it is facing another direction choice. If it breaks through, there will be a large rise, followed by a downward trend. If it cannot break through and falls back first, it means there is another chance...
1. Introduction Gold prices are highly influenced by various global economic factors, including the demand from major economies such as China. As a member of BRICS (Brazil, Russia, India, China, and South Africa), China's economic strategies, including its moves to create a new currency to counter the US dollar, significantly impact gold prices. Currently, there...
The provided chart is a daily candlestick chart for Gold Spot (XAU/USD) on OANDA. Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily (1D) - Data Range: From early March 2024 to late May 2024 Price Analysis: - Current Price: $2,355.55 - Price Movement: The price has shown an overall uptrend from March to mid-May 2024,...
Gold had its second sharp decline in a row, continuing to create a price bar in the form of a bearish marubozu candlestick pattern with a wide range, showing that the downward price thrust is maintained. The false break that created the bull trap above is actually forming a downward thrust in accordance with technical analysis theory. Gold D1 chart structure is...
After 3 consecutive days of decline, especially the last 2 days of strong decline, Gold D1 rebounded at the end of the week. But considering that bar D1 increased with a narrow amplitude and an upper shadow, and closed below half of the amplitude, the upward push was insignificant, and was even still blocked from selling from above. D1 Gold chart structure is...
Last week, international gold fees continuously "plunged" after breaking all of the information conquered in April. Kitco News`s present day weekly gold survey consequences confirmed that greater than 3-quarters of professionals accept as true with gold fees are strong or will fall withinside the close to term, at the same time as 1/2 of of retail buyers...
Yesterday, our gold, crude oil, and EURUSD all successfully reached TP. We hope that the last trading day of this week can close perfectly. Gold rebounded weakly in Asia and Europe today, and the strength of the rebound was limited. Overall, it is still in a bearish trend. As long as it rebounds, it will give Sell an opportunity. Gold has fallen from its high...
Gold has plummeted after falling below the 2400 support. The current drop is almost 100 US dollars. Gold is now covered by dark clouds at high levels. The short trend will continue, and gold rebound can continue to sell. Gold's 1-hour moving average began to cross downwards, falling like a waterfall. The bulls were helpless and basically had no rebound power, and...
XAUUSD Gold Is Moving in Its Ascending Channel. Already touched Top Border and now shaping downward.
The chart shows the 4-hour candlestick pattern for Gold Spot (XAUUSD) against the US Dollar on the OANDA platform, with the current price at approximately $2340.26. Key Observations: 1. Current Price and Recent Movement: - The current price is $2340.26. - The recent price action shows a decline of 1.16%, indicating a short-term bearish trend. 2. Trendline...
Gold today maintained a volatile trend overall, and began to rebound with 2325 as support. It is currently trading near 2340. So after the sharp decline, has gold stabilized and rebounded? Actually, I don’t think so. I said yesterday that since gold has not rebounded in retaliation after falling by $100, gold will only absorb the plunge in a volatile manner. Gold...