Last week we had very good bullish move, I am bullish till 21st and 22nd March 2023. Price reach and close in side light blue box we may have bearish, get very good and stronger confirmation. We will go bearish. In case of Bullish in the same blue box, get retesting with very good and stronger confirmation. We will go Bullish As we all know AU has tendency to...
gold update .. We reached a strong supply area, which I expected to bounce back from previously . And now we are approaching the end of the wave due to the overlap between the daily and weekly supply areas . I think the price will extend to (1987\2032) according to the trend strength indicator which still gives strength to ascension and has not yet given the will...
Fundamentals: Due to the successive bankruptcies of two banks, including Silicon Valley Bank, market risk aversion has skyrocketed, leading to a large influx of funds into safe-haven assets such as gold, thus pushing up the price of gold. Such events have occurred frequently in the near term, and it is clear that short-term risk aversion is unlikely to...
On March 16th, a large U.S. bank injected US 30 billion into First Republic Bank to rescue the bank from the widening crisis.Previously, Credit Suisse said it would borrow up to US554 billion from the Swiss National Bank to boost liquidity.The market's worries about the banking crisis in Europe and the United States have cooled, and the global stock market has...
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.
The bankruptcy of Silicon Valley Bank (SVB) triggered the U.S. banking crisis, and the negative news from Credit Suisse heightened concerns and risk aversion soared, which triggered a new round of gains in safe-haven assets such as gold.At present, the market is closely waiting for new clues about the banking crisis. The inflation data released recently showed...
The sharp drop in Credit Suisse's stock price triggered a chain reaction, causing the global market to fall into panic again. There was a safe-haven scene where the US dollar and gold rose simultaneously, while European and American stock markets and crude oil prices suffered heavy losses. As the largest shareholder of Credit Suisse Bank, the chairman of the...
The Federal Reserve has been raising interest rates over the past year, and regardless of the level of those rate hikes, they are now approaching their end. During this year, how much of the global US dollar has returned to the United States, and how much capital was directed to American banks during the Ukraine crisis, when Switzerland's neutrality failed?...
Gold has been fluctuating around the range of 1890-1914 today and has completed the initial support test. It is likely to attempt to break through the resistance near 1914. If it does, gold will rise to around 1919. If it fails to break through, it will continue to test the support around 1900. Trading strategy: Go long below 1903.
Instrument : GOLD Possible direction : Bullish Technical Analysis : Price has broken out of the daily resistance level during NFP release with a strong momentum creating a new local uptrend. It is highly likely price will continue to rise on the upcoming week as weekly price is also bullish with strong pin bar after grabbing liquidity from the weekly support...
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.
The data released that the annual CPI rate in the United States in February was in line with the expected value of 6%, down 0.4 percentage points from the previous value; the annual core CPI rate in the United States in February was in line with the expected value of 5.50%, lower than the previous value of 5.60%. The inflation data is in line with expectations,...
Gold rushed up yesterday, and today it basically went through a short-term repair market with a small structure. This wave of rising prices is not over. The impact of CPI on gold just now is relatively small. Now the general trend of gold remains bullish, waiting for a return Step on and continue to maintain a low and bullish thinking. For gold operation, it is...
Gold successfully regained the $1900 level under the push of various news. As of now, the follow-up handling of the SVB bankruptcy event only protects depositors without being responsible for the rights of shareholders and creditors. Following SVB, First Republic Bank also faced a run on its deposits, with its stock price falling more than 70% before trading...
Gold has shown strong momentum today, breaking through the 1900 level. As of now, the upward trend has not been completely exhausted, and the risk of bank runs is likely to continue to drive gold higher. Our next resistance target is around 1918, followed by 1931, and if we can break through, 1958 will be our highest target in the near future. During the...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold just recently perfectly retested and also now rejected a quite obvious weekly support/resistance area and is now creating the continuation towards the upside. You can also see that last week's weekly candle closed extremely...
The surge in risk aversion has driven gold higher, breaking through the resistance level of 1880 and is likely to reach 1900 next. Therefore, trading should continue to be long-focused. Of course, it is not sustainable for gold to keep rising without a correction. There is a higher probability of a pullback near 1900, and attention should be paid to the...
On the night of the February non-farm payroll report, gold plummeted with a large volume decline, but on the night of the March non-farm payroll report, it saw the opposite, with gold continuing to rise significantly with a large volume increase. Entering March, gold maintained its overall sweeping upward momentum. However, last week, due to news on Tuesday,...