Just as the analysis implies, xau overview is a bearish momentum right now and any bullish movement is merely a retracement for a continued bearish swing. Eyes on 2006 for a bullish retracement and then a follow-up bearish movement till the 1980's where another bullish retracement is expected. BOOST🚀 , COMMENT🗒 AND FOLLOW🏷 FOR MORE HELPFUL ANALYSIS 👍 ......
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2002, which is a pullback resistance. Our take profit will be at 1981.95, The stop loss will be placed at 2021, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all...
Yesterday's US news turned out to be very bearish for Gold. The market formed a high momentum bearish candle and violated 2 horizontal support and a major rising trend line, and successfully closed below them all. The broken structures compose an expanding supply zone now. We may see a retest of broken structures with a consequent bearish continuation. Next...
recently I was very much bullish on gold etf and I made good profit. I sold all gold commodity today and I wish to short the gold now. weekly candle is showing the strong bearish sign. This could crash the price of gold.
– Monday Daily candle closed extremely Bearish at 1993.100 filling the previous Monthly Low. I’ll be looking for potential Buys above 1998.100 to retest previous Daily Support formed on 18th January 2024 around 2005.800 and 1h previous Support formed at 2012.800. I’ll be looking for potential Sells below 1990.000 targeting 4h previous Resistance around 1984.700...
wowwww what a huge move! .. straight in the direction of my bias .. but i didnt catch it! When price is moving so quick .. its hard to get an entry to sell as there are no pull backs .. but i am learning with gold that when its moving with news .. just jump aboard the train and ride it .. so thats what ill do next time I tried a could scalp buys and lost them...
The sell we have been waiting for, gold has broken structure and its headed lower. Stops above 2041 and targets below 2001 will be an ideal target. Use proper risk management.
Gold tumbles: Eyes on UK inflation next The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of when the Federal Reserve might implement its initial rate cut. The US dollar surged on this news,...
The USD/CAD exchange rate continues its decline from around the mid-1.3500s, reaching its highest level in almost two months and remaining under selling pressure for the second consecutive day on Wednesday. The reduction in the forecast for domestic oil production growth for 2024 by the US Energy Information Administration (EIA) in the February Short-Term Energy...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
Hey Everyone, Please see our 4h chart update after completing our 1H idea. On our 1H chart idea we stated yesterday another re-test on 2027 was likely and an ema5 failure to cross will see price come back down to complete the swing range. Although todays momentum was driven by CPI news release, our technicals were respected and this played out for the drop...
HELLO TRADERS !! As I can see Gold is rejecting from a 2040 level and creating a lower low and now it can drop to test a strong support zone as we can see Dollar recovering and ahead US Inflation Data which can make $ Stronger so we are expecting these incoming moves on Gold Friends its just and trade idea share your thoughts with on Gold Trading WE apricate Ur...
For GOLD, price just did a super nice breakout from strong support zone. Let's wait for price to re-test resistance zone ( support breakout become resistance) Take profit area for SELL order as below: Tp1: 1980 Tp2: 1940 OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
Hello Guys, In times like this, Everyone is heading for the safe haven and dumping everything else. Wars...Covid, Whatever else. These are the long Term important levels to watch for GOLD. Please note that its monthly Candles. For now, up 2040 , 2200 down? 1873, 1707 Good Luck, wish You all the best
THE KOG REPORT: In last week’s KOG Report we mentioned the importance of the levels we had in mind for the week ahead and to expect some movement in the markets while it attempts to break out of the range it’s been accumulating in. We mentioned the level of 2022-20 as the initial level, where if price found support, we felt an opportunity to long the market...
✅Gold finally managed to break the Support lines . 🔔I expect Gold to trend lower this week and be in the 🟢 Support zone($2,010_$2,004) 🟢. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in...
Well, as you can see and we mentioned it in the previous analysis, today we will have CPI statistics! The predicted rate for CPI Y/Y is 2.9%, if the actual number is higher than the expected rate, we will witness the growth of the dollar index and consequently the heavy fall of gold! Note that this scenario is only valid if the actual rate is higher than the...
Hello friends, I hope you are doing well You can see the gold chart in the 1-hour time frame. In the analysis on Friday, it did not go according to my opinion and the related news caused fluctuations in gold, and as a result, selling pressure on gold increased. The drawn resistance level prevented the price from moving upwards and from this level we saw the gold...