Ak_capitalist

Ak_capitalist Updated 

Gold is hovering at a record high of $2780 per ounce and is projected to seek stronger demand, testing the $2750 level. Meanwhile, with the DXY market plunging to complete its bullish wedge, gold may continue its upward momentum as it builds a new support base around $2750. follow for more insights , comment , and boost idea thanks

Ak_capitalist

Gold is positioned to make a supply sweep as it approaches the $2750 level, with potential downward moves to the $2743-$2738 range to secure demand. This demand zone could support a bullish move back above the $2750 mark, indicating strong momentum in the current trend.

Ak_capitalist Updated 

Gold tends to resume its bullish trend after breaking out of the 2680-2620 retracement channel. The key breakout level at 2640 Eyed as the poi in anticipation to be retested, so as to confirm the continuation of the uptrend, in line with Akc’ strategy.follow for more insights...comment and boost idea

Ak_capitalist

Overview With the rise of Bitcoin (BTC), the cryptocurrency market often experiences a correlated surge in altcoin prices, including Dogecoin (DOGE). As Bitcoin’s dominance increases, it has historically created bullish momentum for the broader altcoin market. For traders and investors, Dogecoin’s potential move towards the $0.20 price level presents both...

Ak_capitalist

Date: October 12, 2024 Strategy Framework: AKC Strategy DXY Overview The DXY is exhibiting a bullish cycle, sweeping liquidity and positioning for strength. However, a potential dip toward 95 is anticipated, signaling a shift in momentum. This level could trigger increased volatility and investor sentiment changes. Key Levels: Support at 95; Resistance at 100...

Ak_capitalist

More likely to take 19 points down ... weekly demand has to be mitigated as dxy strengthens follow for more insights

Ak_capitalist

Gold has swept through $2643 and is now set to mitigate the preliminary supply at $2653. Following this, the market is expected to continue its short movement towards the $2630s. Additionally, the upcoming unemployment claims data is likely to strengthen the USD, adding further pressure to gold's price. follow for more insights , comment for more and boost idea

Ak_capitalist Updated 

In lieu to💹trend analysis, gold make its moves on the bull projection... climbing along to the $2500/oz , which has been the prospect of all times high🎐 ,,,, but in lieu of 2nd quarter of the year, the next 3 month candle formation is yet to be formed in the next month (april )and it has been deciphered to be a pullback for the continuation of the buying...

Ak_capitalist

Gold has responded to the external surge, resuming its movement within the bullish trend channel. The market is maintaining upward momentum as it continues to follow the bullish trajectory, signaling potential further gains in line with the prevailing trend.

Ak_capitalist

The DXY remains within its bearish range as October begins, aiming to mitigate previous supply levels. The market is seeing increased supply pressure, which could lead to further declines as the NFP (Non-Farm Payroll) release approaches, adding to market volatility and potential shifts in direction.

Ak_capitalist Updated 

"The gold market has made a notable long movement to the 2660’s level, retrieving suppressed supply. This movement has likely set the stage for a bearish trend. Currently, the market is expected to enter a bearish range, with the next target focused on mitigating toward the 2640’s level. The momentum appears to favor downside pressure as the market consolidates...

Ak_capitalist

after the mitigation of the gold market price at the trends channel breakout at 54 ... which implies the bull continuation to take out the previous high ... follow for more insights ..

Ak_capitalist Updated 

Gold is currently pulling back within the 2657 - 2670 range during the New York session, mitigating the previous highs. If this level holds, we could see a further bearish move toward the 2500 range. follow for more apt insights on Gold market ... comment for more .. and boost idea .. Thanks Akcapitals

Ak_capitalist Updated 

Gold opens at $2662 in the Asian session, with the market expected to revisit last week's low at $2645. The outlook suggests a pullback through the $2640s to accumulate demand, setting the stage for a continuation of the bullish trend in the coming sessions. follow for more insights , comment ,and boost idea for more insights . thanks

Ak_capitalist

Gold is now eyeing a potential sweep within the $2656-$2665 sell range, looking to confirm a short position. Traders are anticipating a move down to accumulate around 23 points (230 pips) at the $2640 level, marking a key area for the next bearish move. follow for more insights

Ak_capitalist

Gold has surged, breaking its highs at $2670, following a strong ascending channel that began at $2538. A price retracement is now expected, with the market likely to seek demand below the $2620 level, offering potential entry points for the next bullish move.follow for more insigts

Ak_capitalist

The gold market is making structural moves in alignment with the overall trend, currently seeking more demand before a potential bullish rebound. The short-term outlook suggests a decline, with prices potentially dipping to $2616 and $2607, offering a 120-170 pips opportunity for traders watching for shorts.... comment , follow for more insights , and boost idea ... THANKS

Ak_capitalist

As the new week begins, the gold market opens strong, holding firmly to its bullish momentum. Currently trading at $2618, the market is set to mitigate the $2630 level, with a potential move towards $2640, signaling continued bullish strength , follow for more insights ,comment opinions and boost idea if you find this helpful Akcapitals✨