After gold fell below the upward structure today, it fluctuated all the way down. It stopped falling and rebounded after hitting around 2311. However, the rebound was relatively weak and it did not even touch the 2320 position. We currently still hold a short position near the 2323 position. Unfortunately, gold only touched near the 2311 position and did not hit...
The GBP/USD currency pair closed in positive territory for three consecutive days on Thursday and climbed to a two-week high at 1.2540 early Friday. Despite falling towards 1.2500 during the European session, the technical outlook suggests the uptrend remains intact. The dollar has weakened against its rivals after US economic data on Thursday fell short of...
EUR/USD stays weak near 1.0700 ahead of key EU inflation, GDP data EUR/USD is keeping the red near 1.0700, undermined by a broad US Dollar rebound and a mixed market mood early Tuesday. Germany's Retail Sales rebound fail to impress the Euro ahead of key Eurozone inflation and GDP data releases. On the upside, EUR/USD is likely to encounter first resistance at...
Bitcoin seems the last day in a broken downtrend with here and there what stability. There are some important levels if BTC can hold them, we could see a new uptrend weekend, which weekends are known most of the time on their stability volume. The trend of now. BTC trying to find the right way to get out to new building volume, out of the playing trend. Can...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line RSI - Divergence Fibonacci Level - 61.80% Impulse Correction
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The short-term appeal of precious metals still remains. weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428 Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....
Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected. At the end of the week GBP/USD...
Gold at the historical past of greenback correction is strengthening to the resistance of the bearish channel, which became shaped at the historical past of sell-offs. Ahead of robust information, at the historical past of which the charge may also attain the liquidity area earlier than similarly decline. On the excessive timeframe, a fake breakdown of guide is...
Dear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is oversold at the level Bull Robbers/Traders gain the strength. If the market break the Dynamic support trend will continue to go down we...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Triple Top in Long Time Frame Consolidation Phase and Breakout of Upper Trend Line Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence
Hello brian, let's find out about gold price today! Currently this precious metal has surpassed more than 15 USD compared to the same time in the session yesterday. Accordingly, the rising momentum was supported in the short term of the cow side that remained stable in the price increase channel and established the high levels of the bottom. It is expected that...
Hello everyone, Brian here! Yesterday, XAUUSD closed stably around $2338, largely unchanged from last week despite significant economic reports, including Friday's PCE index. The overall PCE index rose by 0.3% from February and 2.7% year-over-year. Adjusted personal consumption expenditures increased by 0.5% from last year, marking the largest increase this...
The world gold price just went through a bad session when it dropped to 68 USD/ounce after just one trading session. Investors sold off massively, causing the precious metal to quickly fall to close to $2,300 per ounce. Investors witnessed the largest single-day drop in more than three years. Gold futures price dropped sharply by 65.6 USD/ounce (equivalent to...
#Gold Once again yellow metal is showing very clear divergence and the same being confirmed from the momentum indicator as well (RSI). Double bottom also printed and now the script is trading at it's critical support. If it's break neckline then we are bullish and therefore we have place Buy Stop Order at those level with very clear SL & TP. #NFA (Non Financial...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 38.20% / 50.00%
What everyone needs to pay attention to in the near future is further news on the situation in the Middle East and economic data from the United States. The geopolitical situation has slowed down. For the time being, Israel, Iran, and Hamas have no radical actions or battle plans. The market is a little calm, and the safe haven of gold is not so obvious. In...