The US manufacturing industry lost more momentum and increasingly fell into a state of contraction. This data led to an increase in interest rate cut expectations, the US Dollar and US Treasury bond yields fell, and the gold market regained momentum and remained around 2,350 USD/ounce. On Monday, the Institute for Supply Management (ISM) announced that the US...
Gold rate forecast Based on latest US reviews, marketplace analysts expect that it's miles probably that the Fed will begin slicing hobby prices in November. However, in line with professionals, after the European Central Bank (ECB) reduce hobby prices through 25 percent factors final week, boosting expectancies that the Fed will begin slicing hobby prices in...
Last week we saw a sharp decline on Friday due to news that China stopped buying gold reserves and the Nonfarm index was good for the USD. Seen from Elliot's perspective - We have wave 4 completed at the price range of 2386, then wave 5 continues to move in a downtrend. - We see a sharp move of wave 5 so this is likely wave 3 within wave 5 (Wave 5 inside it is a...
This week we have important news: CPI news. Last week's Nofarm newsletter provided indicators that allow the Fed to continue maintaining monetary policy as rising employment data gives the Fed confidence that people can still withstand tightening monetary policy. But with other recent data, the US economy is clearly being adversely affected by the Fed's monetary...
The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support. Pivot: 2,319.97 1st Support: 2,286.09 1st Resistance: 2,351.54 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not...
Today, gold maintained a volatile correction. Although the fluctuation was not large, we still made relatively good profits in both long and short transactions. First, we bought gold near 2292 and set TP: 2300; obviously, gold successfully hit our target during the rebound; then we sold gold in batches near 2301 and 2308. When gold fell back to around 2302, we...
Gold has entered a bearish consolidation phase following the release of a robust Nonfarm Payrolls (NFP) report, which revealed that the US economy created significantly more jobs than anticipated in May. This unexpected job growth has prompted investors to reconsider their expectations for a September interest rate cut by the Federal Reserve (Fed). Consequently,...
Upon examining the monthly gold chart, it appears there could be a significant price drop, a secondary scenario in our analysis. We don't foresee a 50% decrease in the near future, though it's not impossible, especially if the market downturn affects all sectors, including gold. It's crucial to consider all possibilities due to market unpredictability, even a drop...
Gold remains bullish and is currently in a correction phase before the next movement to a new all-time high target. Gold is currently in an uptrend channel on the daily timeframe with possible retest of the down channel area at 2250 before the next uprise to the upper channel at 2550-2600.
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
Hey Everyone, Great start to the week with a perfect continuation of our 4H chart idea that we have been tracking. Last update price was testing the swing range and we were expecting a reaction in this range. - This played out perfectly with the perfect swing action straight into 2313 completing the gap and swing. We will now wait for ema5 to lock above...
Price action analysis for Gold. Key levels & potential scenarios. Trading recommendations. Trading plan explained. ❤️Please, support this video with like and comment!❤️
Now that our 'sell stop' at $2,290 has been activated by breaking downside structure, I have now placed the 'invalidation zone' at $2,434. Being patient & playing the long game. A nice 3,200 PIPS profit (14% ROI) opportunity in front of us😍 Not recommended for anyone with a small account, who cannot handle drawdown.
GOLD is changing the trading plane and is currently weaker than the market. The price within the correction confirms the previously broken support (now resistance) And bumps into the strong zone of 2359. The price is heading to 2332 on the background of the dollar growth. The fall may continue after the news, which may also indicate support for the dollar. The...
Today is the first trading day after gold fell $100 in a single day. After the sharp drop on Friday, the bearish atmosphere of gold is quite strong. Today, gold rebounded after reaching the position of 2287, and encountered resistance near the position of 2298 several times. Relatively speaking, the rebound strength is weak. In general, gold is consolidating...
Last week was volatile and, most importantly, an interesting week for XAU/USD traders. In light of new developments in the market, a more in-depth analysis is needed to address the question of whether gold will drop to 2200. Weekly Chart Analysis: Initial Observations: As we can see, 2024 started with consolidation and a slight correction of the initial leg...
My dear friends, My technical analysis for GOLD is below: The market is trading on 2294.0 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2331.3 Recommended Stop Loss - 2271.6 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used...
Hello Traders, Skyboxpips here! Gold formed an Head and Shoulders pattern on the daily timeframe. Expecting price to buy before falling. Will continue to monitor Gold behavior