XAU/USD : CPI is coming, Bull or Bear ?Analyzing the #Gold chart on the 4-hour timeframe, we can see that after entering the highlighted demand zone, gold has delivered a return of over 270 pips so far and is currently trading around $2611.
It’s important to note that today we have the CPI data release, which could significantly impact
About Gold Spot / U.S. Dollar
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2704 and a gap below at 2682. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see le
4 Winning Years Ahead for Traders Under TrumpOn November 5, 2024, the markets made it loud and clear—they’re excited about Donald J. Trump’s return to office. Stocks, the dollar, and other key assets all responded with strong moves that reflect investor confidence in what his policies might bring. Compare this to the last few years under Biden
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope?
Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potentia
GOLD ROUTE MAP UPDATEHey Everyone,
What a day in the markets today with another big drop following on from last weeks election move.
We observed today and watched our bearish side of the setups play out with 2682 being hit on market open followed with ema5 cross and lock opening 2657,which was also hit and then contin
XAUUSD: 1700+ Pips Sell, Gold is going to melt hard! OANDA:XAUUSD dropped after touching daily order block at $2710, price dropped to $2617 almost achieving 930+ pips. Expecting a minor correction of 300-400 pips taking price to 2650 area where we can enter another sell enter. A possible target of 1700+ pips target. Remember this is swing sell entry.
GOLD MARKET UPDATEHey Everyone,
This is the weekly chart we have been tracking for over 1 month now and also shared on Sunday.
Last update we stated that EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top.
We also stated that we will be keepi
Hellena | GOLD (4H): Short to support area 2540 (wave C).Dear colleagues, I believe that it is too early to talk about long positions. I expect the price to complete a big correction and then we will look for long positions.
So far I see a variant with the completion of wave “C” in the area of 2538-2545.
Preliminary correction to the resistance area of
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Some time ago price declined below a support level, thereby breaking it, and started to trades inside the support zone. Later prices declined from this area lower, but soon turned around and backed up to the 2650 level, making a gap and breaking th
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price lay between two weighted levels with a gap above at 2696 and a gap below at 2665, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
