Hello dear traders! Currently, gold price (Xau/USD) is trading at 2,348 USD, equivalent to 12 USD compared to the beginning of the session. The main reason is comments from the Federal Reserve (Fed) and increasing speculation that the Fed may delay its easing plan, which has pushed up the greenback and pulled down gold prices. With lower USD. However, signs of...
OANDA:XAUUSD Price is currently in making of AB=CD pattern where price already have made AB and from point 'c' price have rejected and in our view it is on the verge of rebounding strongly towards 2400$ region. Which remain a key level for many sellers and other institutional traders. Use accurate risk management.
End of day update from us here at KOG: In yesterdays' report we said we would be looking for resistance to hold down the price, and if it did we would want to short into the order region below which was highlighted on the chart. We then suggested monitoring the order region for a reversal and there being an opportunity to long from there. The short worked...
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
hello guys... I think gold broke the channel and touched the middle line of the next channel at the same time it hunted (the yellow circle) the last high! (I've shown it by the dashed line!) so it is possible to touch the previous level that has been hunted! the next target is the blue area! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
GOLD - Wait For The Price Breakout The price is developing a corrective pattern and this time GOLD shows the possibility of both moves. We cannot trade at this moment until the price creates the breakout. So let's wait and see what happens 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you...
Oil found a strong support zone near 77.8 From the graph it is clear that the price has reacted in this area in the past as well. On the left side of the chart, the price tested this zone 4 times and turned back up. It's a risky trade, but there's a chance it will go up again in the short term and it's consistent with previous moves. Resistance will be found...
Hello traders ,what do you think about GOLD? On Friday, gold entered the correction by reaching the resistance zone of 2380. The correction is expected to continue until the specified zone and then grow to the specified levels. CPI data this week can be the driving force for gold If this post was useful to you, do not forget to like and comment.❤️
Gold prices remain on the back foot amidst some recovery in the Greenback and ahead of the release of US PPI and CPI later in the week, prompting XAU/USD to retest the $2,330 region per troy ounce.
Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone for gold lies between $2303 and...
The descending triangle pattern played out perfectly in the my last weekly forecast. The OANDA:XAUUSD market has had a strong rally on the last 2 trading days and looks poised to continue consolidating in the range. The support level at 2300 remains a key level, with bulls likely to step in on any pullback. Next week attention will also be on the resistance...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices bounce back even as the US Dollar consolidates on Tuesday. However, the rise could be restrained as investors anticipate key US inflation data. Continued high US rates have pressured gold prices recently, but increasing Middle East tensions may temporarily support them. ⭐️ Personal comments...
Too early too say but if it breaks point B then we can see the price at point D in the coming days. Will have to wait 1 or 2 weeks to see this. On the other side if price breaks point C then all the scenerio is cancelled.
Hello Dear Traders, Wish you a good Day, on The chart important Levels "Horizontal levels" Based Works as Support/Resistance Watch for Price action around those levels. also there are gann grid the green/red trends works as close as Channels in your regular Classic analysis. Trade around the levels and be as close as possible to take action around it. Produced by...
Momentum Trading Strategies for Day Traders Momentum trading is a highly-regarded trading strategy used to seize opportunities in trending markets. This article explores momentum trading and offers two comprehensive strategies for capitalising on rising and falling markets. What Is a Momentum Trading Strategy? Momentum trading is a technique where traders aim...
Hello dear friends, let's explore the trends in gold prices for the upcoming week! Currently, gold is undergoing a correction phase after a strong price increase over the last weekend, with the metal trading around $2,358 in the early trading hours of Monday and experiencing a slight decline of 0.11% on the day. This adjustment is unfolding as anticipated within...
Gold continued to show a volatile downward trend today, continuing to fall after breaking through the previous high-level support on the 4-hour chart. The K-line is basically close to the short-term moving average, showing a relatively obvious downward trend of shock. There is almost no sign of a strong rebound during the session, and there is no signal of a...