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...
After a poll was taken in gold chat the consensus is that its impossible to predict the daily range for Gold during FOMC. This is my attempt to do just that. Levels are highlighted and market on the chat for your visual aid.
Gold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2582, support below 2556 Gold accelerated its rise after breaking 2531 last week. It is still in a bullish pattern. Although the market fell under pressure around 2590 on Monday and Tuesday this week, it fell to 2560 at its lowest and still failed to fall below 2556. The...
Gold has been weak since the resistance level of 2,588, but the pattern of today's pullback is also weak, which is a very important key point! Because today we have the Fed's interest rate outcome and economic expectations briefing and Powell's speech! The impact of these data will have a big impact on gold crude oil! At present, from the trend point of view, the...
Today, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all. Yesterday, the 2600 line was not kicked off, but fell back with a big negative. Technical points: (1) The European session bottomed out and...
Gold rebounded from a high level and built a top. Don't chase long easily. Gold rebound is an opportunity for shorts. The Fed's interest rate decision and the expectation of interest rate cuts are about to be fulfilled. The positive news for gold is fulfilled and it may rise and fall. Gold broke down after repeated fluctuations at a high level in 1 hour. The top...
The Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction? On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support...
In my latest analysis, I’ve moved away from traditional timing methods and focused entirely on Gold’s key price levels. Gold is currently in the final grand wave (Wave 5) of the Elliott Wave cycle. Right now, we’re in Wave 3, just as the fifth subwave is beginning. My first take-profit target is set at 2589, based on my own trading plan. After hitting this level,...
Gold breaches September opening- rallies more than 3.6% month-to-date XAU/USD approaching up trend resistance- risk for exhaustion / price inflection- Fed on tap Resistance 2643/71 (key), 2743, 2804- Support 2565, 2524 (key), 2469/83
Hi fellow traders, XAUUSD will be ready to make a move higher from the blue box after it completes the flag correction. Target the 2561.59 level. Good luck and trade safe!
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
Getting back to the charts after a lot of travel. Here is a gift to trading community from me while I get back into the grind. Gold is setting up a tricky move after a lot of sharp repricing. I expect yesterday's high to be taken and then a movement lower. Prices listed on the chart.
We had a real nice bounce at the 2570 area earlier today.. The next area I will be watching for a bounce is at 2560.
OANDA:XAUUSD | Gold is still in a bullish market: After the strong breakout which we saw in the beginning of 2024, Gold started another major bullish market cycle. This cycle is definitely not over soon, but Gold might create a short term correction, which would perfectly line up with the upper resistance of the rising channel. Levels to watch: $2.650 ...
As I mentioned in the previous post on DXY, my bias on the US Dollar index is bearish for the first half of September. Also, as the seasonality of Gold and Silver suggests, September is a negative month for these two cousins. So, in my opinion (not investment advice), in the last week of September and the first week of October, we might see good lows on Gold and...
Gold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2575, support below 2544 As the saying goes, the longer the horizontal line, the higher the vertical line. After a long period of box consolidation, the gold price broke upward and refreshed the historical high of 2531. It is emphasized that after the break of 2531, it is time...
Good morning everyone. Kindly find my trading zones for trading opportunities on Gold today, I hope this gives you some position opening insights for today. Remember these are not signals and you use them at your own risk.
After rising for three consecutive trading days, the price of gold rose again yesterday to a record high of $2,589 per ounce, close to the $2,600 mark, but it did not break through again. After encountering resistance and retreating, the final price closed at around $2,582. Overall, it still maintained a high level of consolidation. There is no doubt that the...