⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However,...
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 technical analysis Daily resistance is 2370, support below is 2327 Four-hour resistance is 2370, support below is 2327 Gold operation advice: Yesterday, the overall price of gold stabilized above 2330 in the short term. However, the current hourly line and 4-hour chart are still in the downward rhythm of short pressure. The 4-hour level still sees a...
I do not like this zone. Fibs is showing a pickup at 0.786. But it's right at a point of massive contract volume. Anything can happen around there... If you see clear reversal at M15 and strong bullish momentum it's safe to buy from zone to zone. Be careful at the hourly ceiling and the hourly floor. When it gets there we need clear reversals in H1. Don't...
gold is correcting now after a strong drop .what does it indicate that the it will be a sell seller will control the market and also gold is now currently moving inside of a bearish channel .also there has a very interesting poing of volume 2338 will occur when london and us session starts.
💥Gold prices extended their decline on Wednesday. The yellow metal's potential for further upside may be limited as the FOMC minutes are understood to be significantly more hawkish than previous releases. 💥The future direction of gold may depend on the results of the FOMC Minutes. Technical indicators in the daily chart suggest an extension of the ongoing...
GOLD PRICE ANALYSIS - May 29, 2024 SCALP--Sell gold across the fee variety of 236x Yesterday the fee did now no longer attain the anticipated degree as a way to promote. During the day, the fluctuations had been pretty gentle. However, it could additionally be visible that the fee restoration has regularly exhausted itself, with the fashion of traders trying...
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
💥The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. 💥Gold's recovery over the past several months has been largely driven by central bank buying, especially demand...
Forecast Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently having a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction. Lukman Otunuga stated that if the May PCE file is launched better than marketplace forecasts, this will deal every other blow to expectancies of Fed hobby price...
Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target is 2341 or even higher. Aggressive friends can buy directly near 2332. The target is even higher near 2347. TVC:GOLD OANDA:XAUUSD COMEX:GC1! Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target...
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,...
Again, here we are talking about GOLD and how most of the traders will get liquidated again. Majority of the traders are long and price will probably go down till the rejection level at 2349 (where i placed a long limit order for a possible scalp). From there, i expect a bounce till the resistance area at 2370 (sell limit order there) that could push next the price down
I have been testing Tradingviews volume profiles with Gold and some of the levels are so accurate. Using spot market data, it was a bit of a surprise, but a welcomed surprise it has been. We can see today's intraday longs tapping straight into a naked POC left behind from the sharp sell off on Thursday. I have yet to test this is in other markets however Gold...
According to analysts, the USD weakens best withinside the brief term. More importantly at the prevailing time, the gold marketplace is popping its eyes to the May US non-public intake expenditure index (PCE) record to be posted on June 1. Most professionals accept as true with that this index will boom greater than formerly forecast, making the time to reduce...
Last week, global gold expenses continuously "plunged" after breaking all of the data conquered in April. Kitco News`s cutting-edge weekly gold survey effects confirmed that extra than 3-quarters of specialists consider gold expenses are solid or will fall withinside the close to term, even as 1/2 of of retail investors nevertheless consider the treasured metallic...
Hello traders, here is a setup of Gold for the upcoming week as you can see the price of Gold right now is neutral, and if we use Support and Resistance you can see the price has created a support zone and a resistance zone so now we have to wait until price breaks on of these zones then we can look for opportunities to go Long or Short.
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...