Continuing the plunge in stock markets on Monday, gold also headed for a low. The reason is that the market's expectations for the Fed to cut interest rates by 50 basis points in September have declined. The yield on the 10-year U.S. Treasury bond has risen to 3.94%. These two pieces of information have undoubtedly greatly weakened traders' confidence in entering...
At the end of the week, for this week, I can only say that the profit is almost perfect, I believe you are also very happy? After all, as far as I give the single statistics, this week killed more than 200 points of profit, I feel exaggerated, and these profits, also proved the end of the trough period, and, as far as the current statistics of this month, I also...
we have seen on daily time frame price formed rising wedge pattern on friday 7jun we seen a bearish big candle confirming the breakdown of the pattern price then tried to take a bounce from recent orderblock but we can clear see that the bearish pressure is not letting the bullish orderblock go any further up causing the price to form a small triangle pattern...
Now Cup Pattern formed and wait for the Breakout. Because Breakout is the only confirmation to achieved Cub Target. In stock market commonly formed Cup & handle Pattern. I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Gold prices in Asia were flat. No news about assists yet The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce. Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should...
There must be some hobby, just like the love of time for plants and trees. I didn’t feel deeply about it before. As my trading time and age increase, I find this statement more and more wonderful! This kind of hobby is like finding a place for the soul to live. Especially every time I focus on the market and make a settlement, every time it runs as...
Last night, the price of gold broke through a new high again, reaching the 2287 line. As expected last night. Then it continued to fluctuate until the European market opened because prices were on the higher side. Gold made a technical repair after the start of the European session. The price of gold plummeted by about $20 from 2287. The current price is...
looks like gold is ready for a pullback. its making new high from past 4-5 days. Today we have powell speech and ADP-NFP.
Long trading range Gold remains strong. 28/3 is mainly buying. 2192-2190buy Tp2202-2207 Sl2183-2186 Related Products: MCX:GOLD1! FXOPEN:XAUUSD VELOCITY:GOLD OANDA:XAUUSD ACTIVTRADES:GOLD TVC:GOLD CAPITALCOM:GOLD NCDEX:GOLD
Gold briefly rose in early trading and fell back to around 2172. The rebound at 2186 last night has lost its strength. The short-term position of No. 4 and No. 5 is still under pressure (2188 and 2195). The downward support point focuses on around 2165. In the short term, you can go short around 2183. gold:sell2183-2188 TP:2178-2175 SLl:2195 Gavin...
No doubt, it has took years to complete. Yet could took more in wait! We shall be seeing the silver to new highs very soon...
Here is what you need to know on Monday, January 15: • Gold price gains ground on risk-averse sentiment due to the Red Sea situation. Israel-Gaza conflict intensified after Houthi attacked a US Navy vessel. • US Treasury yields contribute to downward pressure on the US Dollar. Barclays revision of the Fed rate cut has changed market sentiment. Gold prices...
Daily time frame has swing breakout and Inverted H&S pattern as well. the Inverted H&S pattern has 1:1.69 as risk reward ratio.
GOLD(US$/Oz) stands at a 7 month low ever since March 2023. The precious metals commodity is standing at a crucial support levels of the channel ever since April 2023. Although the charts shows momentum bottoming but the supply constraints and Macro factors may pull it down to levels of 1833,1806 post which we can see it pulling back to channel Trendlines again....
After last week’s sharp rise, gold temporarily stagnated at the 1963 high. On Friday, the small negative line retraces and corrects. The week’s closing work has not further risen to break new highs. The overall rise has come out of the high volatility after the surge, and there is room for retracement It is not enough to change the bullish structure for the time...
It is recommended to go short around 1960, stop loss at 1965, and hold the target at 1950. For long orders, first look at the situation of 1950 support breakout. Contact me for specific trading signals
Looking at gold on the daily line, the trend of gold prices is still upward, but the positive momentum has faded. Technical indicators are flat in positive territory, with a mildly bullish 100-day simple moving average (SMA) providing support near intraday lows around 1952.40, while the 20-day SMA remains directionless below the longer moving average, all of which...
Looking at gold on the daily line, the relative strength index (RSI) fell to 40, reflecting a bearish bias in the near-term outlook. Gold may face strong resistance at 1940, which is the confluence of the downtrend line and the 100-day moving average. Looking at gold from the 4-hour line, with the relative strength index (RSI) line at 14 recovering from the...