Hello traders ,what do you think about GOLD? On Friday, gold entered the correction by reaching the resistance zone of 2380. The correction is expected to continue until the specified zone and then grow to the specified levels. CPI data this week can be the driving force for gold If this post was useful to you, do not forget to like and comment.❤️
As I predicted today, Gold keeps growing. Analyzing a daily time frame, we see a confirmed bullish breakout of a resistance line of a bullish flag pattern - very strong trend-following signal. It looks like the price is going to retest ATH levels soon. Because the global trend is strongly bullish, we will most likely see its bullish breakout. If the price...
FX:XAUUSD is consolidating above the important for the market level of 2378. Bulls are trying to keep the defense above this zone in order to continue growth on the background of weak dollar. Gold is recovering after leaving the correction channel. The price is once again near its highs (ATH), within the current move the price could quite possibly renew it if...
Hi traders would like to share my forecast for XAUUSD Hope you have profitable trade
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...
Gold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on...
Data released on Wednesday (May 15) showed that the U.S. core CPI monthly rate cooled for the first time in six months, indicating that price pressures are gradually weakening and supporting the Federal Reserve's intention to maintain higher interest rates for a longer period of time. After the data was released, spot gold surged by about $17 in the short term,...
MCX:GOLD1! COMEX:GC1! TVC:GOLD 2313-2315 buy gold. Combined with MA5 cross support. The MA support of the large cycle below. as an upward trend driver. Target 2321-2328 In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner! stay tuned. Avoid missing out on the latest...
There wasn't a lot of good news over the weekend that prompted gold to rise sharply this week. On the contrary, gold continued to fall on Monday because of gold's surge. Perhaps this is good news for bears. The trend of the chart then saw a sharp correction due to the digestion of the news, and the current position is oscillating around 2343. Put aside the...
Use MA5 as short-term support and buy in the range of 2362-2358
Hi traders would like to share my forecast for XAUUSD Hope you have profitable trade
Hello, a quick on here. Gold continues its rally on strong China news and demand. It did exactly what I expected in my last update : 2 50% retraces and now as you can see on H4 a trend. I am already in big, otherwise I'd buy on a new touch of the trendline. We are entering the part of the cycle where it gets so strong I am unsure we'll even touch that line...
Introduction - This is BFS Trend Engine expectations for the next four days. It looks stupid. But is it useful? Details - So the last three drafts after hitting 2390 were trash. First for a move to 2430, then triple top, then a minor binary outcome, all of them trash. Its rare for BFS Trend Engine to be so bad. In the past, when this has happened, it was...
🚨🔺XAUUSD CMP $2404.91 High Achieved as stated Earlier on 16-5-24 10:51 hrs. anticipated impact was $2400 once again which was mentioned on analysis since last week several times.✅ Buying can be at: $2340-$2365🔺 Selling can be at:$2409-$2426🔻 ⚠️Warning: Do not risk more than 5% of your capital. You might lose your money. 💹XAUUSD Present Technical Status Update:...
We made almost 210 pips from our golden area In this week we trade on 3 days and got 3 tp from golden area
Hey there on 1htF the Gold has already touched 2400 and now we can also see more downside possible will touch again 2387-2385-2382