At the beginning of the Asian session on August 1, spot gold fluctuated in a narrow range and is currently trading around $2,436/ounce. Gold prices rose by nearly $40 on Wednesday. The interest rate remained unchanged in yesterday's Federal Reserve meeting, which was in line with market expectations. Powell's speech later gave news of a possible interest rate cut...
H4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting...
Good day Traders !! Daily : On the Daily timeframe we clearly have a downtrend channel and we have been respecting it since early August 2020 and we expect to reach the lower trendline soon. We have an "M" formation that was printed last week and we expect the price to retest the neckline before the continuation of the impulse correction impulse pattern. We...
3 pullback at the trendline with an upward trend Big Probability and opportunity to go up
If we have a big volume in the next days that broke 1709.0 , the gold will go up for 1718.3 , otherwise, it will be a rollback to go down for 1702.05
Gold closes below the daily pivot for today, and forms a lower low and lower high, the chance of a price increase will continue to move lower. First Option: -Open short positions below the first daily resistance ($ 1206.72 / oz) if the price rises above the pivot but cannot pass and hold above the first daily resistance. -TP1 on the daily pivot ($ 1202.46 /...
I'm just doing this to see how accurate I can be with Elliot Waves