Preferred direction: BUY Comment: Gold at this stage is considered exclusively in the medium term. Here, the more likely scenario for the development of events is the second one, however, at the level of 2000 you need to clearly see a long signal. There is a risk that with the next approach to 2000 , the price may fail immediately, and then go up, as is...
Preferred direction: BUY Comment: The buy-priority is still relevant for the pound this week. It should be noted here that the buying power is one of the strongest among the major currency pairs. Short- and medium-term prospects are in favor of the buyer. Inflation in the USA may, surely, make its own adjustments, but nevertheless, technically, the...
Preferred direction: BUY Comment: Since last week, as well as earlier, we have maintained a confident long position on this currency pair, which we continue to do. The current trading week will be more eventful with the publication of economic data; we will be especially interested in inflation in the United States. You can also find long entry points around...
As anticipated, XauUsd dropped below the 2020 mark yesterday. However, the price lacked continuation and rebounded from the 2012 zone, which is now serving as a support level. As of the current moment, the price of Gold has returned to its familiar range, hovering around 2025. Looking ahead, a break above 2030 would finally confirm that a low is in place and...
💹 Forex Quick Check: #GBPCHF 📉 Trend: REVERSAL 🚀 Action: SHORT @ 1.11363 🎯 TP: 1.10760 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #GBPCHF. #GBPCHF is going up with momentum. This is the time when we can place our aggressive sell trade. Here we can see that this goes with big bullish candle and now it must have to...
AUDNZD chart currently shows the formation of AB=CD patterns , indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bullish divergence, confirming a bullish trend. Both indicators collectively suggest that the trend has shifted to an uptrend. In technical analysis, an AB=CD pattern is a harmonic pattern used to identify potential reversal...
XAU-USD is going up now But a strong horizontal Resistance is ahead at 2036.5 So after the price hits the Level a local move down Is to be expected !
FOREXCOM:XAUUSD has been testing the local resistance area since the opening of the session and forming a false breakout with subsequent decline, but at the same time a symmetrical triangle is forming on the chart. Idea: GOLD → When will the price come out of consolidation? On D1 the market is still neutral, there is no strong news that would affect the...
After the all-time-high in december, i've been following the price and it is possible that each leg has 3 wave count. Last night, price broke down to 2012 level. This could be an undershoot of E wave of triangle with E wave forming complex correction pattern If the price does not go under 2012 this could be a start of the next move up to 2200-2300 area
The relationship between inflation, the U.S. dollar, and gold can be explained as follows: High Inflation and a Strong Dollar: - When inflation is high, it erodes the purchasing power of a currency. In response to high inflation, central banks may implement measures to control it, such as raising interest rates. - Higher interest rates tend to attract foreign...
Dear Colleagues, I suppose the wave is in a triangle and is currently forming the last wave 5, which I expect in the area of 2019. Then I assume the revival of the upward movement with the aim to reach at least the resistance area 2064. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The strategy I gave yesterday for gold was to go short on rallies. Yesterday's gold price trend also confirmed my view. Although gold returned orders in the evening, gold orders fell multiple times in 2027 yesterday. So I think the resistance of gold is below 2028, and I recommend still selling gold. The target is looking towards 2010-2005. So my initial...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2039, which is an overlap resistance. Our take profit will be at 2020, a support level. The stop loss will be placed at 2052, above 127.2% FIbo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2021.18, which is an overlap resistance. Our take profit will be at 2008, an overlap support level. The stop loss will be placed at 2031, which is a pullback resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
– Monday Daily candle closed weak Bearish within 2020 level as price ranged within 4h timeframe. I’ll be looking for potential Buys above 2026.500 targeting 1h Resistance (2033.000) and 4h Strong Resistance (2037.600) same Buys ideas we’ve had on the previous Analysis. I’ll be looking for potential Sells below 2017.700 targeting 1h Support (2012.700) and retesting...
Hello, I am anticipating a possible sell opportunity for gold after price has recently broken out of the the merging bearish peanut from a possible heads and shoulders pattern. Please drop your views in the comment section
XAUUSD on 4h time frame we have FVG zone i think FVG will taken and price drop best zone to sell 2050 and best zone to buy 2012
good evening gold gang, wow what an amazing analysis catching big moves today on gold. Pin point perfection. Gold gang eating good We need to avoid the range highlighted in the box .. its rough. Leave it until it breaks out! Im still favouring bearish action currently so id like to see closures down below the 2012 .. im gonna wait till we get down there before...