Get started

Goldpreis

Opportunity to buy (XauUSD) on February 23, 2023Gold price is under pressure by some 0.3% on the day and remains in the hands o the bears following the first Federal Open Market Committee Minutes of 2023. The minutes were released whereby investors have been searching for further insights into the near-term path for policy and any comments regarding the possibility of the Federal Reserve going back to 50 bps hikes. The minutes showed that a few participants had favoured raising rates by 50 basis points which has put a bid in the US Dollar but left the US Treasury Yield relatively stable. This has left the Gold price somewhat pressured around the low of the day near $1,825.54 after the yellow metal fell from a high of 41,846.05 earlier in the day. Support level: 1,811,30 1,797.45 Resistance levels: 1,838.90 1,854,00 1,870.50 Transaction recommendation: Buy at the price area 1823 1824 Stop Loss: 1820 Take Profit 1: 1830 Take Profit 2: 1835 Take Profit 3: 1840 Sell at 1861 1859 Stop Loss 1863 Take Profit 1: 1854 Take Profit 2: 1847 Take Profit 3: 1840 Note: Always install TP and SL in all transactions
TVC:GOLDLong
by DNAchampions
The value of gold appears to be trending towards $2500The gold market appears to have entered the initial stage of a new, major impulsive wave, identified as the third in a sequence of such patterns. This cyclical trend can be traced back to 1832, with the completion of the first wave in 1980. The corrective wave 2 concluded in 1999, and the first impulsive wave of the current third wave began in 2001. In my analysis, it can be considered as the third impulsive wave in a larger impulsive wave 3 within another impulsive wave 3 of a higher degree. Fibonacci resistance levels of note include: — $2075 — $2553 — $3412 — $4642 — $4791 — $5953 — $7635 — $10682
TVC:GOLDLong
by joerivdpol
8