XAUUSD has been bullish as we see on the 1D and 4H time frame. A bullish break of structure is evident on the 4H chart. Im looking for a buy opportunity on the retrace. This info is for educational purposes and not financial advice.
Yesterday Israel attacked Hamas, causing gold prices to increase sharply last night despite the ISM PMI index being greater than 50. Looking at H1, the news of Israel attacking Hamas has caused the price of Gold to rise through tradingrank for more than a week now. - Price surpasses 2464 and confirms wave 5 has ended at our target area of 2317. - From the chart...
Here on Gold price has break the resistance zone after the initial liquidity grap and has moved away from our Take profit 1 and return back so it posible to move more to reach a Take profit 2 . So going for LONG is needed and targeting profits should be the area make zone and stoploss should be around 2362.000 . Money management is neccssary
I am Expecting Bullish Move now in XAUUSD M15 in today ADP news
With the PMI being lower than expected at only 48.7 compared to 49.2 in the previous period, if this index is lower than 50, it signals that the expansion of industrial production scale is shrinking. With this index being lower than 50 for two consecutive periods, especially this period being lower than the previous period, it is a sign that the US economy is...
After yesterday's rise, the divergence of the gold indicator has been repaired. Today, it fell again and is currently near the small-level support. There is a rebound demand, and the resistance is near 2340. In the big trend, the shorts have more advantages. 2368 is still a strong resistance. Before that, 2352-2363 is an important resistance. In terms of...
In this video, we conduct a brief analysis of XAUUSD (Gold). Despite experiencing downward pressure over the past three weeks, it is currently approaching a significant support zone. On the three-week timeframe, we observe a bullish trend. Our focus is on identifying a buy entry point within this critical support area, assuming price action aligns with our...
Dear Traders, Price is dropping nicely towards our area our entry point , we expecting price to fall around our area on Thursday or Friday. With accurate risk management, we can target 2200 pips. **If you like our idea then like, comment and follow us for more** Team Setupsfx_
1. US Q1 GDP was revised down due to weak consumer spending. 3. Israel will not end the conflict to reach an agreement to release all hostages. 4. OPEC+ is working on a complex production cut agreement for the period 2024-2025. 5. US April pending home sales suffered the largest decline in three years. With important information last week we see - The US economy...
With the wave 5 targets projected on the chart, we have 2 target zones: zone 1 is 2322.7 and target zone 2 is 2311.5. Today will release news on unemployment claims, preliminary GDP, and pending home sales, with forecasts worse than last period, if tonight's actual index reflects correctly. This seems to signal that the US economy is being affected by monetary...
Looking at the current H1, we see that the price has reached the first target of wave 4 Looking at the preliminary forecast of US economic indicators tomorrow night we see. - Prelim GDP q/q decreased from 1.6% to 1.2% - Unemployment Claims increased from 215K to 218K - Pending Home Sales m/m decreased 3.4% to -1.1% US economic indicators show that the economic...
The gold small-level trend indicator has formed a bullish trend. Before the US market, the main trend is long. Today's important resistance is still around 2368. The unemployment benefit data to be released during the US market is expected to be favorable to gold bulls. In addition, there is a choice of direction in the market at present, so the volatility...
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...
We can observe the expected target areas above to find reversal signals to enter a sell order. With recent signs of cooling inflation and the fact that the US economy in particular has been directly impacted by high interest rates, the employment rate has decreased. These things will make the Fed's statements no longer resolute in maintaining high interest...
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...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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...
XAUUSD Gold Is Moving in Its Ascending Channel. Already touched Top Border and now shaping downward.