XAUUSD analysis: Gold has broken the descending trend-line that was connecting the bodies of the candles on the 4H this was (also acting as a resistance) line holding price. Another descending trend line has been issued this time wick to wick to see if we have a fighting chance on the 4H but if this one will not hold we might see price approach the next major...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Global gold demand growth is driven by increased over-the-counter market investment, continuous central bank purchasing, and heightened demand from Asian markets, especially China and India. This growth is reinforced by geopolitical tensions in the Middle East, leading to a preference for safe-haven...
The hourly chart (timeframe I use for intraday trades) of Maruti is clearly bearish. Candles are trading below 50 SMA and the manual trend is bearish as well. There is a support at 12500 so I will sell once this is broken for targets of 12200 with SL above 12600. #Educational purpose only
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Minneapolis Fed President Neel Kashkari's recent suggestion that the Fed may halt changes to interest rates and possibly increase the federal funds rate if inflation doesn't decline has strengthened the Dollar. This week's economic agenda includes more commentary from Fed officials, Initial Jobless...
Technically, there is a distribution going on and sign of exhaustion in strong rally. Multiple times the stock face correction from higher level and then later on it only managed to cross the previous high by some margin to fall again. This means big players selling their delivery. Fundamentally, its already overvalued with high PE and fairly valued Price to Book....
Explore the latest trends in the GBPJPY forex pair with identified sell levels at 195 and 197. Our comprehensive analysis delves into key market drivers, technical indicators, and fundamental factors, providing strategic insights for navigating the dynamic GBPJPY landscape.
This is a sell setup in the EURUSD. Reasons A rejection of the downward trend line A rejection of upward channel I am expecting a breakout from the upward channel and a retest of the trend line before selling.
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month...
From my previous gold analysis you can see that we made some profits due to my constant use of RSI indicator and other tools I have Follow me for more free tips
✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024 🔥 World situation: Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as...
Due to the high purchase made my RSI indicates a bearish trend loading up Sell now and made some profits
Dear friends and companions: My technical analysis is based on trend line and also smart money. A suitable point for sale with r/r=5 At the same time, there is a possibility of an increase in the American interest rate and the strength of the dollar. So I will only sell
Gold recently broke its previous trendline channel and is now retracing back towards it. We anticipate a subsequent downtrend once the retracement concludes. Our analysis suggests that the price might form a Quasimodo pattern, with a potential consolidation around the 2330-2337 range before declining towards the minimum target level of 2282.
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day. ⭐️ Personal comments...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price continues its stagnant trend as it struggles to gain traction in the Asian market on Tuesday. The US Dollar benefits from the Federal Reserve's higher interest rates and persistent inflation signs, alongside diminishing Middle East tensions. However, the downside is limited as traders await...
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⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is trading lower at $2,335 early Monday in Asia. Persistent US inflationary pressures are raising uncertainty about upcoming Federal Reserve rate cuts. The Fed's interest rate decision on Wednesday will be a key event to watch. ⭐️ Personal comments NOVA: According to weekly...