Hey Everyone, Another great day on the market today completing our 4H chart idea bullish target. This chart was shared on Sunday with 2361, as an open target. This target was completed today with a perfect hit. We now need to see ema5 lock above 2361 to open the next target. Our 1h chart has a gap open to 2365, which was just short by a few pips. We will keep...
Gold prices rose slightly on Monday (May 27) from a two-week low recorded in the previous session, as investors assessed fading hopes of a US interest rate cut ahead of the inflation report. Key findings announced this weekend. At the end of the trading session on May 27, the spot gold contract increased 0.5% to 2,346.31 USD/oz, after hitting the lowest level...
Dear traders! As Conan mentioned in yesterday's analysis, XAUUSD is currently in a recovery phase with a corrective bias, receiving support at $2350. However, overcoming the $2,400 resistance seems challenging and remains the target in the downtrend that is gradually forming on the chart. Currently in today's trading session, XAUUSD is currently trading at 2,360...
Dear traders! Gold prices today continued their upward trend with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning. The yellow metal price increased slightly at the beginning of the week as investors expected an important inflation report published later this week that...
FX:XAUUSD after a false breakdown of the support of the range is forming a correction, but within the upward consolidation channel. The fundamental background is still negative. There is no strong news in the next two days, so the fundamental background remains the same. There is no strong buyer on the market yet and thus, gold may continue its downward...
Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price reaction in the range of $2350 to $2360!...
Gold prices increased on Tuesday (May 28) thanks to the weakening USD, as investors waited for US inflation data expected to be released later this week to gain more clarity on the timing of interest rate cuts. At the end of the trading session on May 28, the spot gold contract increased 0.38% to 2,359.56 USD/oz. Gold futures contracts added 0.9% to 2,356.5...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 79.94 which is a pullback support. Stop loss is at 79.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 82.41 which is a pullback resistance. High Risk Investment Warning Trading...
Technical Analysis of Gold The price of gold has stabilized above 2354, suggesting it will likely reach 2369. A break above 2369 is needed to continue the bullish trend toward 2388. However, if the price remains below 2369, it may consolidate between 2369 and 2354. Should the price break below 2354 and stabilize, it is expected to drop to 2344. Pivot Price:...
GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This...
After overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that...
Gold Shows Signs of Recovery Despite Stronger USD Gold prices have shown some recovery on Friday, despite the strength of the US Dollar (USD). However, the upside potential for the yellow metal might be constrained by diminishing expectations of a rate cut by the US Federal Reserve (Fed) in September. Nonetheless, safe-haven flows due to rising geopolitical...
FX:XAUUSD is still bearish. The price is trying to leave the corrective range, which is formed after the false breakdown of support. The market is preparing to go lower. On the 1H timeframe it is becoming clear who is showing dominance in the market. There is no strong buy yet, apparently, before the GDP and PCE publication on Thursday and Friday, no one...
We're currently back inside the dynamic rising trendline, I'm expecting a further push up and then a retest and then I'm getting back in. I'll set TP's at: 2405 - resistance 2445 - just below previous high 2500 - 41% Fib Extension / Good target number Not sure what's going on with USD ATM as per my earlier post, however geo-political tensions are growing...
hello guys... the short time frame broke down! so the price will touch the gray area and then go for the lower area like the blue one I drew! but don't forget the main trend in the daily time frame is bullish! so after touching the blue area, we will wait for confirmation for another upward movement! ___________________________ ✓✓✓ Always do your...
Hello everyone, it's Brian! Today, gold prices continue their short-term recovery, with the precious metal consistently creating new support levels. The US Dollar is weakening, and regardless of market sentiment, XAU/USD is trading around $2,360. There was a temporary increase in demand for the greenback at the start of the US session following optimistic...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
After a huge bearish move (double top pattern) The USOIL reached the support level (77.98 - 76.82) and failed to break it! The price formed a rectangle pattern. Currently, The resistance level and line are broken. So, I expect a bullish move📈 ---------------- TARGET: 83.20🎯