Gold trimmed its weekly gains on Friday as traders assessed recent US economic data and its potential impact on Federal Reserve policy. With disinflationary trends suggesting steady rate cuts, Gold continues to shine. However, expectations for a 50 basis point cut in November have eased following strong US macroeconomic data. Key reports like the decline in...
We saw them hunt down as many Long-stops in Gold as they could & to throw further spanner in the works there is a bearish H 'n' S system on the 30m timeframe for Gold XAUUSD. There is also the same in a 15m timeframe however, this particular one on 15 is too wide for my liking from the head to right shoulder. In other words too many bars have accumulated. But...
IN view of PRICE ACTION gold is making higher low and lower low now it has made of new higher low before making a new lower low it has to retrace first upto previous lower low before BOS And it retraced to that region even it retested that region which is in favor of selling gold
IN view of PRICE ACTION gold is making LOWER HIGH and lower low now it has made of new Lower High which is a retracement before making a new lower low This Lower High has also a retest of previous LL which is in favor of selling gold.
Gold prices dropped slightly to hover around $2,360 per ounce on Wednesday. This decline was attributed to investors scaling back their expectations for interest rate cuts by the US Federal Reserve this year. The market is also eagerly awaiting the release of the key PCE inflation report. GOLD is following the previous wave E assessment, completing wave 4 and...
Hello, Comes after a long time. I hope you're doing well. This is what I see: as the market moves downward, liquidity is created, and today's liquidity has already been swept, but there is still liquidity that has to be swept. However, as you can see, I've marked two Order Blocks and am targeting Bullish to Bearish OB with a tight stop loss. And there is a good...
Gold Price – Technical Outlook Daily Chart After experiencing careful declines since mid-July, gold price is currently positioned directly on the ascending trendline originating from February, as depicted in the chart below. If this trendline is breached, it could pave the way for a more pronounced bearish technical outlook. This scenario would potentially...
Good afternoon gold gang!! Wow huge trade this morning called in the minds section. 100 pips!! that is huge. Well done for anyone who jumped on. Current price is still expanding at a huge rate, so im expecting some kind of pull back to collect some liquidity. I have marked up what im looking for. Support must form at the red level below current price to then...
Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower. We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will...
in our community analysis we saw the gold in price action analysis it has been broke a resistance of weakly chart... continuously of small charts we have a break out of downtrend channel with choch of down trend then we measured the next support level at 1640 1650 then it will go to our recommended level at a maximum previous high>> show up us in the comments for...
Gold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside. Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY...
xauusd i think we should wait till 1850 and see reaction to uptrend line but y think it can go from 1850 to 1913 then ready to fall but please attention to the war news and covid news
I have done a TA on Gold and it is looking very bullish. the price target is between $2700 and $2900.
Gold is an uptrend in the long time frame, like monthly and weekly. However, the market seems in range and bound in the daily chart. In the last week, inflation has risen, and the USA cannot print its retail and core retail sales positively. Even omicron is still spreading all over the world. This week Tsunami Tonga hits. So, it is clear that most of the...
GOLD - As per the price action, trend lines , & technical indicators gold is expected to go up from the current price. My approach will be a buy in the range 1816-1819 Potential upside target 1832-1840 Maintain stop loss around 1809 Trade as per your risk appetite, I will be glad to see your likes & comment.
GOLD - It seems the momentum is getting weak here and some consolidation and downward scenario is there, Probably the first few session will remain volatile where Gold will again try to jump around 1776, my trading approach will be like this ; My approach will be a sell around 1768 - 1774 Maintain stop loss around 1787 Potential downside target is 1745 -...