GOLD - Massive Ending Diagonal! Gold is currently in an ending diagonal which breaks down into 5 waves with 3 waves each.
It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level.
For those that are interested in entering, watch for any sort of pullback and enter with stops above the highs.
Goodluck and as always, trade safe!
See our previous analysis below.
Goldshort
Xauusd confirm buy signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecas
Xauusd buy now 2360
Target 2364
Target 2368
Target 2372
Target 2400
XAU blueprint Using different analysis procedures, I am keen to publish this broken down xau swing movement which portrays a logical full liquidity sweep along the indicated zones after establishing a "rally-up", as well as the currently forming base before we see the drop thereby clearing the liquidity below .
Do you still not understand? You can always leave a comment below for further explanation 👍
i go short on Gold for the next two weeks
Relative Strength Index (RSI): Above the level of 70, which may indicate a state of overbought conditions.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, and the histogram shows an ascending trend.
Overall trend of the chart:
candlesticks display a series of bullish candles indicating market momentum is upward. However, it's important to consider the overbought condition on the RSI indicator and be prepared for the possibility of a reversal or correction.
I will enter a gold sell trade at the current price and will take profits at levels of 2300 and 2280.
This is not financial advice, always do your own analysis.
Good luck to everyone.
gold buy signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
gold now buy 2393
tp1 2394
tp2 2398
tp3 2402
tp4 2420
GOLD: Not Sure What Next? Gold has been in range, price have been trading at 2360 and 2396, however, we are still unsure of what next with Gold. Though fundamental and technical both sites showing that Gold may rebound to 2440 area however, recent volume and price behaviour says otherwise. Let's wait and see how price behave.
Xauusd up Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Confirm gold buy
Gold now buy 2393
Target 2397
Target 2401
Target 2420
Xauusd confirm signal buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Gold now buy 2374
Target 2378
Target 2382
Target 2400
GOLD-analyze
U.S. retail sales rose more than expected in March as online retailers' revenue surged, providing further evidence that the economy ended the first quarter on solid growth. The report from the U.S. Commerce Department on Monday, combined with data earlier this month on strong job growth in March and a pickup in consumer inflation, have heightened expectations that the Federal Reserve may delay a rate cut until September. In terms of the geopolitical situation, top Israeli military officials said on Monday that Israel would respond to Iran's weekend missile and drone attacks. Netanyahu convened a war cabinet meeting for the second time in less than 24 hours to weigh how to respond. Iran's first direct attack on Israel. Today we need to pay attention to the March new housing starts, building permits and industrial production data released by the US market.
As can see from the chart, gold fell rapidly from 2431 last week. Gold made some repairs yesterday, but it failed to break through important resistance points.
I give the above resistance points, you can sell
2380-2385,2400-2405
The market changes rapidly, and you need to pay attention at all times and control your positions reasonably.
By following me in trading, you can increase your success rate, reduce losses and increase profits.
gold buy confirm signal Gold price consolidates the rebound below $2,400 amid risk-aversion. Dollar gains on strong US Retail Sales data despite easing Middle East tensions.
Will Gold reclaim $2,400 ahead of Powell speech?
As observed on the four-hour chart, Gold price is holding comfortably above the 21-Simple Moving Average (SMA) at $2,363, having reclaimed that barrier in Monday’s North American trading.
The Relative Strength Index (RSI) is pointing north while above the 50 level, currently near 61.0, justifying the latest move higher.
If buying momentum gains traction, immediate resistance is seen at the $2,400 round figure, above which the record high of $2,432 will be retested.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.\
gold now 2371
tp1 2375
tp2 2379
tp3 2383
tp4 2400
gold short Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
gold now buy 2350
tp1 2354
tp2 2358
tp3 2362
tp4 2366
tp5 2370
tp6 2400
sl 2335
xauusd buy signalGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Spot Gold shed some ground on Wednesday as the US Dollar got an unexpected boost from risk aversion XAU/USD losses, however, are modest compared to other USD rivals, as Gold benefited from its safe-haven condition.
Hell broke loose when the United States (US) reported stubbornly high March inflation. According to the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) rose by 0.4% MoM and 3.5% YoY, surpassing expectations and ticking higher from February. Core annual inflation was up by 3.8%, matching February’s figure but above the 3.7% expected. The news sent the USD skyrocketing amid risk aversion, as the figures backed the Federal Reserve (Fed) case of keeping interest rates higher for longer.
gold now buy 2334
tp1 2342
tp2 2346
tp3 2350
tp4 2380
sl 2320
Gold: Destination Reached 📌The gold price has now reached the levels at which we expect the high of the orange-colored wave c and thus of the turquoise-colored wave B. We anticipate that the price will turn around and then sell off sharply. After all, we consider the current rise to be merely corrective in nature.
PPI - will Gold prices continue to adjust downward?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fell on Wednesday due to strong US consumer inflation figures, which reduced expectations of a rate cut by the Federal Reserve. However, it recovered during the Asian session on Thursday amid a weaker tone in equity markets. The prolonged higher interest rates by the Fed and concerns over the Middle East crisis are causing investors to turn to Gold as a safe-haven asset. Additionally, profit-taking in the US Dollar and lower US Treasury bond yields are also supporting Gold. Traders are now focusing on the US PPI data and Fedspeak for potential trading opportunities.
⭐️ Personal comments NOVA:
After yesterday's CPI data, suddenly all is well for the dollar. Today, another index assessing the level of US inflation PPI is predicted to continue to be positive for the dollar. Gold is under downward pressure
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2305 - $2303 SL $2297
TP1: $2312
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2353 - $2355 SL $2360 Asian and European trading sessions
TP1: $2345
TP2: $2338
TP3: $2330
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD Analysis (11th April 2024)
Market Analysis PT2/2 (11th April 2024)
XAUUSD Analysis
On the 1 hour timeframe, price has created a bearish Change of Character with a body candle close, caused by the movement from CPI.
This means that the 1 hour timeframe has shifted bearish and shorts are more favoured.
On the 15 minute timeframe, price has created an unmitigated orderblock that hasnt been tested. Ideally i want to see price come up into the 15 minute bearish orderblock before looking for potential sells all the way down to the 1 hour Bullish orderblock at 2312.
Should price fall towards the 1 hour Bullish Orderblock without testing the 15 minute bearish orderblock, we can look for potential BUYS once a bullish Change of Character has occurred minimally on the 5 minute or the 15 minute timeframe.