Hi folks today I'm prepared for you Gold analytics. Some days ago price reached resistance 2, which coincided with resistance zone, and soon broke this level and rose to the trend line. But then the price turned around and in a short time declined below resistance 2, breaking it again and later Gold tried to back, but failed and continued to fall. Soon, the price...
Feb 15th DXY: Need to stay above 104.50-104.40. Good retail sales data, could see bounce to 105.40 NZDUSD: Sell 0.6073 SL 20 TP 60 (Hesitation at 0.6045) AUDUSD: Sell 0.65 SL 25 TP 50 (Alternative: Buy 0.6555 SL 20 TP 60) USDJPY: Wait for retracement to complete, Buy 149.70 SL 30 TP 60 GBPUSD: Sell 1.2510 SL 20 TP 60 EURUSD: Sell 1.0750 SL 15 TP 50...
Two days ago, following a higher-than-expected CPI, OANDA:XAUUSD dropped to a fresh yearly low around the 1990 zone. Technically, the price fell from the 2030 zone, a median level that I have discussed in several analyses. With the support level broken, we can consider the beginning of a new bearish trend in the medium term. That being said, while a...
As observed on the daily chart, Gold price closed Wednesday below the 100-day Simple Moving Average (SMA) at $1,993, opening the floor for further downside. The 14-day Relative Strength Index (RSI) is attempting a recovery but remains well below the midline, suggesting that any rebound in Gold price could likely be temporary. Meanwhile, the 21-day and 50-day...
XAUUSD price actions shows bullish divergence with a price have high probability of testing previous strong resistance of trendline. What do you think, will it work? ** Trade Plan ** SL: Previous ll Entry: Buy stop - 3 pips above previous LH TP: 1:1 risk to reward
⭕ Time frame 1 to 2 hours ⭕ It is in a daily bearish channel Breaking this channel upwards stabilizes the upward movement ⭕ In a small time frame, it can reach the range of 192.843 to 1984.50 (we have Fibonacci convergence in this range) ⭕ In the long-term target, it can reach the range of 220.56 20301.42 by showing the reversal factor.(This order block range...
Prices are strictly according to our analysis. XAUUSD drops after breaking through key level. On the daily timeframe we also have a demand zone, which has brought out higher prices; it forms a pulse leg. The market has responded to this zone a few times before. If the market loses momentum at support it would be a good sign that the bulls are exhausted, giving...
– Wednesday Daily candle closed weak Bearish at 1992.300 rejecting the 1984s area as price ranges on the Hourly timeframe. I’ll be looking for potential Buys above 1996.200 targeting previous Weekly Low formed on 11th December 2023 around 2004.200 and previous 1h Support formed this Monday at 2012.000. I’ll be looking for potential Sells below 1987.200 targeting...
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Good evening gold gang! hope you are well! .. we caught great trades today being patient and waiting for the best entries Price ranged around the 1993 most of the day trapping traders looking to go long before sinking down and bouncing from the algo and coming back up to the 1993 once again ... frustrating if you were not patient like us!! we grabbed the move...
Gold fluctuated slightly yesterday. Although the US market has broken down, it is still brilliant for a while. It is just a piercing test. The support below is also the 70 line we proposed in the early stage. This position is also short in the near future. The primary support and target point is, and the top-bottom transition and suppression level above is also...
FOREXCOM:XAUUSD is leaving the range. It happened. Tuesday's news defines the medium-term outlook for the market and, amid selling pressure, the price reaches targets below 2000. Today we have no news, the fundamental background remains the same - negative for gold. The chart above clearly shows that the price is coming out of the consolidation phase and the...
USDJPY driving up towards it's final target of $153.300 which will complete its final wave, which is Wave V. According to the EW theory, this should mark the end of the bull run, which'll then be followed by a crash in this exact scenario. Upon completion of this final impulse move up (Wave V), we can look to start positioning ourselves into a MULTI-YEAR...
By checking the gold chart in the 4-hour time frame, we can see that the price finally managed to drop to the range of $1987 and enter the specified demand range! After the price reached the range of 1987$, it was accompanied by relative demand and is currently trading in the range of 1989$ with about 20 to 30 pips of growth! If the price stabilizes above the...
After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered...
Gold trading analysis indicates that the precious metal is currently hovering near a demand area, suggesting potential bullish momentum. This proximity to key support levels implies a favorable risk-reward scenario for buyers. Anticipation mounts for an influx of buyers entering the market, poised to drive prices higher. Traders are closely monitoring this setup...
Hey Everyone, As promised yesterday, we have updated new Goldturn levels to accommodate the range below form yesterday breakout with updated retracement and swing range. 1988 Weighted level is providing support and we have 1999 for the immediate resistance target due for a retest. Both of these levels are weighted and we will need to see ema5 cross and lock on...
From a technical perspective, some follow-through selling below the $1,990-1,988 region (100-day SMA) might expose the very important 200-day SMA support, currently pegged near the $1,965 area. A convincing break below the latter will be seen as a fresh trigger for bearish traders and pave the way for a further near-term depreciating move. The Gold price might...