Recent Breakout: Gold has already broken through a strong resistance level and moved significantly higher. Pullback Scenario: Now, I’m watching for a potential pullback where the price could retest the new support level, which was the previous resistance. Bounce Opportunity: If the price successfully retests and holds the new support, we could see a bounce,...
The newly released industrial unemployment claims and retail sales did not meet expectations, which led to a significant negative impact on gold. Gold fell from 2469 to 2450 in an instant. This also happened to apply the short-selling stop-profit signal I sent in the group to be set at 2450. In the data released in the past two days, gold has been mainly shorted,...
From the 4-hour daily chart, gold has never been able to break through 2400 and has been fluctuating sideways. Then we can be bearish in a short period of time 2393__2395 Short stop 2403-2405
Gold fell for the second day in a row, but selling pressure continued to be as weak as the previous day, because yesterday's bar D1 had a narrow range, even narrower than the previous falling bar D1. Structurally, Gold D1 continues to move inside the Inside bar pattern, reflecting a state of cumulative price compression, and remains within the larger Inside bar...
Gold price adjusted slightly down in the past session, unable to break the previous peak around 2330. The situation has not yet had any notable changes, we can still keep the current comments, temporarily divided into two cases. Case: First, if the price breaks below 2280, the price may follow the previously formed two-peak reversal pattern, towards the 2200...
After being rejected at the 2280 support zone, the price recovered quite strongly in the past session, breaking the triangle pattern and testing the 2320 resistance level. However, this move has not significantly changed the situation. form where the higher peak has not yet been established. Still keeping the old comment, we temporarily divide it into two cases: ...
The price retested the 2280 resistance level again in the last session but could not break this resistance level. The price is currently being compressed at the end of the triangle pattern. Please pay close attention to the next price behavior. . We temporarily divide into two cases: Firstly, if the price breaks below 2280, the price may follow the previously...
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...
The price of gold is too high for the market price. A pullback is needed to get the market moving higher again. And I was the one who sold gold at high levels. 2158-2163 sell gold tp2243-2248 sl2270 I will continue to update if there are opportunities to continue buying in the future. Stay concerned.
Gold can face the resistance of the ascending channel at the current price and it will be pushed back. Therefore, the best offer can be to enter short position at the upper Dynamic Resistance after the collision and confirmation of the candle.
Gold market analysis Two trading days gold 2038 directly rose to 2119, this is not a normal regular market, such a unilateral rise in the no top signal before we do not guess what the top in the top, 2119 cycle is not the top, but the short term early step back on the 1 hour chart has shown that it is a small top of the horizon, today's big trend bullish, Short...
Yesterday we tip 1981 Buy near! 2003 Profit The exit captured a profit of $22 Although missed part of the profit! But who is sure to capture all the profits? As long as the market exists, our profits can be continuous! Yesterday, gold was affected by the Federal Reserve's interest rate cut expectations next year, the daily sun pulled up, and the short-term trend...
This week holds significant importance for the Gold market as the FED's hawkish policy may exert downward pressure, given the recent drop in gold prices. Last week, gold reached a historic high of approximately $2,150 but subsequently tested the critical support level at $2,000 following the release of non-farm data. The Gold market's volatility has surpassed...
Gold prices retraced after testing the resistance level at 1960, further validating earlier signals of a potential reversal. Today, several exchanges observed dips below the 1920 region. Upon inspection, I noticed that the FTMO fund also experienced this dip, but it wasn't reflected in the charts from Forex.com and OANDA. Despite acknowledging this anomaly, we...
While the price of D1 gold saw an increase yesterday, putting an end to its three-day losing streak, the resulting price bar displayed an upward trend with a limited range. It closed with a 1/2 upper shadow, indicating that the buying force in the lower range remains relatively weak compared to the downward pressure from above. The daily structure of gold on D1...
The positive sentiment in the stock market is a significant obstacle for gold prices. Conversely, declining US Treasury yields, a weakening US dollar, and the expectation that the Federal Reserve will not raise interest rates further could support an increase in gold prices. Furthermore, the ongoing conflict between Israel and Hamas and global economic conditions...
Gold saw an increase in value yesterday, but it formed a Spinning Top candlestick pattern. This pattern, known as a Spinning Top, indicates a balance between supply and demand throughout the trading day. The D1 candle closed above the upper boundary, possibly signaling an overbought situation, which could lead to a potential downward correction. Additionally,...
💡Gold is narrowing its range. Recently some news shows the strength of the USD is returning but the news of the recent war is still supporting gold 💡Currently, the battle between buyers and sellers is extremely fierce. Sideway gold was in a wide price range from 1965 - 1975. But the sellers seemed to be more dominant when gold turned around twice but...