FX:XAUUSD is growing and testing local descending resistance. Growth is associated with the decline in the dollar index on the background of Powell's comments. Ahead of the news on inflation... Technically, on H4 the price overcomes the correction phase and returns to the bullish rut, testing the local maximum. Bulls are focused on consolidation above 2350. If...
GOLD is near the psychological level of 2400. The chart reacted with a decline on reaching the upper boundary of the ascending channel. We expect a pullback to the area from 38.2% to 62% retracement levels of the last bullish impulse, which coincides with the boundaries of the wide-range candle. ------------------- Share your opinion in the comments and...
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 $2303 and...
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago entered to upward wedge, where it at once made a strong upward impulse from the support line to the resistance level, and even soon broke it, breaking the support level also. After this, XAU rose a little more, after which made a correction...
XAU/USD has just bounced off the support level which is an overlap support that lines up with the 38.2% and the 50% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 2,374.74 Why we like it: There is an overlap support level which lines up with the 38.2% and the 50% Fibonacci retracement. Stop loss: 2,358.30 Why we like...
OANDA:XAUUSD Price is currently in making of AB=CD pattern where price already have made AB and from point 'c' price have rejected and in our view it is on the verge of rebounding strongly towards 2400$ region. Which remain a key level for many sellers and other institutional traders. Use accurate risk management.
📊 Due to the decrease in the upward movement momentum of the price, if the range of 2375 units is broken and the price stabilizes below it, the price may fall to the range of 2360 units🎯, and in the case of the strength of the range of 2340 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 2410 units.
i expect that after breaking resistance level of 2418 it will break its neckline which started from 2330 and lead the way to 2504 range, we also expect that it will create some momentum and make the way all to 3000$/oz rate as new real value of gold
GOLD is gonna touch the 618 fib zone and is gonna go til 0.217
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Fibonacci Level - 23.60%
Gold is currently testing a resistance cluster, based on a solid trend line and a horizontal resistance on a daily. Bullish breakout of the underlined area will give us a strong bullish confirmation. A daily candle close above that will confirm a violation. A bullish continuation will be anticipated to 2400 level then. ❤️Please, support my work with like,...
- Looks like Wave 1 of 5 if in place as expected. - Now the correction for Wave 2. The nature and depth of correction is unknown. - I'm assuming 50% correction to 2335 but this is subject to change. - Most traders should be flat.
XAUUSD possible forming a tripe zig zag (W)(X)(Y)(X)(Z)( Green ) in wave B ( Yellow circled ) instead of expanding diagonal from previous ideas. The latest CPI data probably "price in" for Just 1 rate cut by Sept 2024 from FED.
still bullish, on the weekly profile, might not take out the wick, but i'm bullish regardless. does my thoughts matter? just doing this for fun
as we talked about it about fed actions , owell , intrest rate , fear of inflation coming back , big boys has fill their buy orders around the price 2340-2345 these orders re still open!!!! whcih means still we go higher today , specially with the jobless clamis today which most likely will increase!!! the best point is here , there is no reason for gold going...
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
Gold advanced toward $2,400 on Wednesday as US Treasury bond yields pushed lower following the April inflation data. The recovery in US yields combined with the US Dollar's resilience after Jobless Claims data, however, causes XAU/USD to retreat toward $2,370 on Thursday.
Platinum is following a ~1111 Days time cycle, roughly ~160 weeks, and it recently formed a bottom near ~$840 in October 2023 After correcting for ~13 years from 2007 to 2020, platinum finally intiated a new impulse wave in 2020, however, this impulse wave was short-lived and soon came to an end. Now, platinum is completed its 2nd wave and is ready for its 3rd...