Hey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday after hitting the bearish target 2567, we stated that we need ema5 to cross and lock below 2567 to open the retracement range for a test and failure to lock below 2567 and we will see the Goldlturns above being re-tested. - No cross below 2567 confirmed...
The shiny stuff has outperformed stocks by a lot this year, sparking a debate over gold’s characteristics as an asset: is it just a pet rock that does nothing but sit idle, or is it the ultimate timeless store of value that trounces every competitor in times of uncertainty and gloomy outlook? Gold XAU/USD is so back — the precious metal has outperformed nearly...
THE KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
Upon revisiting the gold chart on the 2-hour timeframe, we can see that last night, after gold surged to $2,600 and reached this key psychological level, it faced selling pressure and dropped to the important $2,550 level. If you recall, in previous analyses, we had mentioned this level as the final target for gold's corrective move. In the previous correction,...
FX:XAUUSD is consolidating between 2588 - 2562. But, buyers are not yet out of the game in the hope of continued growth. Then everything depends on the Fed. Welcome to the casino :) At 18:30 the FOMC & FED will meet to decide whether to cut rates. 0.25% or 0.5%. A 0.5% Fed rate cut could send a mixed signal about the state of the US economy: the Fed's...
As observed, gold fluctuated within the supply zone of $2579 to $2589 yesterday and finally managed to close and stabilize below $2579. Afterward, gold experienced an 80-pip decline, correcting down to $2572, and is currently trading around $2574. If the price stabilizes below $2577, we can expect further declines in gold, with potential targets at $2571, $2565,...
Central bank bros met traders’ loftiest expectations with a half-point cut to interest rates on Wednesday. But is that too good to be true and maybe even a signal of some problems with the US economy and looming fears over at the Fed? Trading today isn’t the same as trading yesterday. Even though prices don’t really confirm it — there wasn’t a super-duper rally...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price traded near $2475 level, bouncing down to $2438 points, and started to grow in wedge. In wedge, price soon broke $2475 level and then rose to resistance line, but quickly turned around and fell below. Price made a fake breakout of $2520 level, but...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈After breaking above the $2,500 mark, Gold has been bullish trading within the rising red channel. Currently, Gold is in a correction phase. Moreover, the $2,475 - $2,500 is a strong support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups...
Hello Traders! What are your thoughts on GOLD ? After several weeks of consolidation, gold has successfully broken through its previous resistance level and escaped its narrow trading range, hitting a new high. Given the recent momentum, it is expected that gold will set a new high next week after a brief correction. A key point to watch is that gold is nearing...
The GBP/USD pair found support near the 1.3150 area on Thursday, temporarily halting the correction from the recent high of 1.3300, the highest level since March 2022. The 4-hour RSI remains close to 70, suggesting that the pair could enter overbought territory in the short term if it continues to rise. The bullish sentiment for GBP/USD has been supported by...
Macro theme: - WTI hovered around 72.50 dollars per barrel on Thu, attempting to recover from previous losses as markets considered potential supply risks due to rising tensions in the Middle East. - The Fed also implemented a larger-than-expected 0.5% cut, which could stimulate economic activity and boost oil demand. - However, worries over China’s slowing...
XAUUSD . Potential short opportunity. Our idea is that after the price on XAUUSD has made a new ATH ( All Time High ) we are due for a pullback (at least 50%). Our key level is sitting at 2560 where our entry is, and if broken, we could potentially see lower lows down to our targeted areas 2545 (50% pullback) and 2529 . Stops are set at candle flip...
Hi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the trend line and then started to move up near this line to support 2, which coincided with the support zone. When the price reached this level, it broke it and rose a little more, but soon turned around and dropped, breaking support 2 and the trend line too. Soon, Gold turned...
GOLD broke the key Horizontal level of 2577.84 And the breakout is confirmed So we are locally bearish Biased and as Because is Going up to retest the New resistance from where We will be expecting a Local move down !
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 68.63 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 65.05 which is a level that lies underneath a swing-low support. Take profit is at 73.00 which is a pullback resistance that...
After the Federal Reserve cut interest rates by 50 basis points, OANDA:XAUUSD Spot delivery soared to 2,600.15 USD/ounce, reaching a new era record high. But after Powell's speech, gold prices plummeted, currently trading around 2,563 USD/ounce. Powell said at the press conference that the 50 basis point rate cut “is not a fixed pace of new rate cuts.” On...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2535 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2535 support and resistance area. Trade safe, Joe.