Technical Analysis Key Levels: Support: Primary Support: $2,630–$2,640, a crucial level that has consistently held over the past weeks. Secondary Support: A breakdown below $2,630 could lead to further declines toward $2,600 and $2,570 Resistance: Primary Resistance: $2,670–$2,700, a zone gold must clear to confirm bullish momentum. Extended Target: A...
yesterday after the cpi xauusd breached major resistance zones and touched our bullish target of 2421 extending up to 2425. TODAY we have explained the possibilities of our market in video section. And we will bisect the major support resistance point along with pivot. ⬛PIVOT...
XAUUSD has hit all our bullish targets. In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421. bullish targets hit 2385✅✅✅ 2393✅✅✅ 2404✅✅✅ 2421✅✅✅ why xauusd fly high with cpi news? For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance...
Last week our analyis on xauusd was perfect , we have predicted that if it cannot break the 2319-2312 zone then it will be bullish up to 2385. Targets hit 2337 ✅✅✅ 2347✅✅✅ 2362✅✅✅ 2385✅✅✅ our analyis for today: it will be a ranging market from 2353 to 2371 , so buy the dip and sell the high. ▶️ if 2370 is broken then the market will fly upwards to 2385 2393...
Fundamentals Gold Price Movement: Last week's trading saw gold prices align with our expectations. Following the release of nonfarm payroll data, where the unemployment rate exceeded market forecasts, gold prices climbed above the June 7 high of $2,387 towards the end of the week. Nonfarm Payroll Data: The June US nonfarm payroll report showed a slight...
After touching just above the $2,290 support level on Wednesday, gold prices surged higher intraday. This level has proven to be a formidable support barrier since April, consistently reinforcing itself as the lower boundary of a sideways trading range. This range has encompassed the majority of price action since April, indicating a neutral mid-term outlook. In...
our yesterdays analysis on xauuad was perfect and all our signals hit take profit. today the market is going to have various news and these news are going to put market in volatility. ▶️Long positions above 2319.00 with targets at 2337.00, 2348 2355 2362 2376 2385 ▶️Below 2319.00 look for further downside with 2311.00 , 2306 2296 2288 2282 Supports and...
The XAU/USD (Gold Spot to US Dollar) pair is currently experiencing a mixed outlook. As of July 2, 2024, gold prices have shown some stability, with the spot price hovering around $2,327 per ounce, reflecting a slight increase from previous levels. Technical Analysis: Support and Resistance Level s : Gold is facing resistance at $2,338 and support around...
While gold and the US dollar typically have an inverse relationship, there are scenarios where both can rise simultaneously. Here are some reasons why this might happen: 1. Global Economic Uncertainty Safe Haven Demand: In times of significant global economic uncertainty or geopolitical tensions, both gold and the US dollar can be seen as safe-haven assets....
xauusd is following a neutral pattern for the day before European market opening. we will provide major support and resistance for the recent market scenario. a further update will be given based on market momentum changes, right now xauusd is following a ranging market. Support 2321 2314 2306 2297 2288 2282 Resistance 2332 2337 2347 2362 2378 2396 these...
Last one week we have seen a serious upward rise in us dollar index based on various positive and negative events happened. the us market and dollar is being controlled by various turbulent economic and geopolitical situations. In geopolitical aspects if israel hisbullah issue may bring usa into full on war support to israel against hisbullah in lebanon then the...
the last week our prediction of xauusd become 100% true, for monday we are posting a simple buy and sell target. more detailed analysis will be followed. buystop ; entry 2322 tp2332 sl better to hedge sell stop entry 2320 tp 2312 sl better to hedge The US Dollar emerged as the clear winner on Friday, buoyed by a robust performance in the latest S&P Global PMI...
The cryptocurrency market capitalization has increased by 1.2% to $2.56 trillion. Bitcoin's gain contrasts sharply with the declines seen in altcoins. Ethereum rose by 1.3%. The main upward momentum occurred during the Asian morning session. As of this writing, Bitcoin's price appears to have moved away from extremes. Nonetheless, the latest momentum indicates...
Euro zone had made many financial plans to strengthen the economy. And our last analysis for eurusd was perfect with hitting target and earning good returns. the next week week expect a major upward movement for eurusd as dollar index is also expecting a downfall retracement from its upward movement which will inturn boost euro zone and weaken dollar. bullish...
Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point. the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar. we expect a bearish fall till 1.0720 and...
we anticipate a long term buy for crude oil based on the following analysis of crude oil which is an amalgamation of both fundamental technical analysis. WTI crude oil continues its upward trajectory, with hourly prices testing the upper bounds of the ascending channel. If the short-term ceiling holds, prices could still experience a rapid pullback. The 38.2%...
The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%. The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks...
support: 2348 2337 2327 2322 2312 2306 Resistance: 2365 2374 2388 2395 2404 2412 2421 The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a...