⭐️ 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...
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.
GOLD MARKET INSIGHTS: Amid escalating tensions in the Middle East, gold prices have soared to nearly $2,360, bolstering the allure of this precious metal. This week, all eyes are on the U.S. economic indicators: the Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Sales. These figures are poised to reveal pivotal trends in the economy and...
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.❤️
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...
#GOLD... market very well hold your area in first go and placed 2350 around high. But now market just break your area and trade below from last couple of hours. What's next?? Guys according to us if market trade below 2343 tp 2346 area means you can see another drop towards next supporting area. Lets see what will be done from market... That's why I told you...
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...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,361.80 entry point when market opened last night and closed my order on #2,340.80, delivering fine #21-point Profit. Since #2,338.80 - #2,342.80 represents Short-term Support, I will take no more Risk and await more comfortable re-Sell entry. I am more...
The Disciplined Trader XAUUSD DAILY INTRADAY TRADING IDEA How to enter the CHART ?? 1. Look for candle to cross our zones 2. If the candle crosses above/below our zones and closes then take buys/sells ( look no 4.) 3. Look for 1hr candle confirmation / 15/30 mins TF for entry during Asian session and 30 mins TF confirmation/ 5/15/30 mins TF after london...
Gold Price (XAU/USD) Is Testing an Important Resistance Zone On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle - shown in green), the price of gold dropped sharply (shown by a black arrow) on April 22-23. 2) Then, the price found...
5.13.24 Looking for trades in the ES. possibly coffee. There's a chance that oil may move higher. Generally contracted markets are harder to trade than expanded markets... but some traders may feel there's less risk if they stick with the contracted markets... but this is probably not going to be a good way to trade because you want markets that really move...
Dear traders! Today the gold price touched 2357 USD and increased 21.9 USD during the day. Showing that positive prospects are still there after the US announced that the producer price index (PPI) in April 2024 increased by 0.5%. The increase in PPI makes the market worried that inflation in this country is still facing great pressure, having a certain impact on...
AT A GLANCE: Despite ongoing geopolitical conflict, oil prices and volatility are relatively low A rise in U.S. crude production and weak demand in China are helping oil inventories maintain average levels Considering many factors like the Russia-Ukraine war, OPEC+ cutting production by 3.6 million barrels per day and conflict in the Middle East, many...
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...
Hey Everyone, Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range. This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range. We expect support bounce on each level of the...
Gold created an ascending triangle pattern following a test of a horizontal support level on a 4-hour chart last week. The pattern had a strong horizontal key level as its neckline, which was successfully broken and closed above last week. I anticipate that the market will experience upward movement in the near future, with potential targets at 2360 and 2380.
Auction Market Theory (AMT) is a conceptual framework used to understand the dynamics of financial markets, viewing them as auctions where buyers and sellers interact to determine prices. Although the AMT was initially developed to understand & analyse price action movements in the stock market, some of its core concepts can also be applied to any market,...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to support line and at once made upward impulse to $2280 support level. Then price broke this level and in a short time rose to $2430 points, breaking $2375 resistance level too. After this, price started to decline inside triangle,...