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....
Gold News: Read the Latest Analysis on XAU/USD 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...
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....
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....
Hey Nathima fams! I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising: Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold. Buy Opportunity: Considering this bullish trend, I'm highly...
2nd weekly bar of March 2024 is inside bar confined within the range of the previous bar. need to break down 2151 to breach last weekly bar low indication for weakness continuation ahead. supply zone for short is 2167-72, stop loss: 2174, target: 2128.
BOS (break of structure) on 4h time frame downside. two supply zones for short i.e. 2030 & 2036, stop loss: 2040, target 2006 & 1995.
➡️The global gold market experienced considerable volatility last week, with prices swinging widely. Gold prices steadied at the start of the week as investors awaited key economic data for October. However, precious metal prices surged dramatically after the report revealed a substantial reduction in inflationary pressures. This sparked expectations that the US...
Gold experienced its third consecutive drop yesterday, with a significant decrease in price. The daily bar, referred to as D1, exhibited a substantial decline and closed near its lowest point. It concluded above the bottom of the previous D1 bar, indicating robust selling pressure. Furthermore, yesterday's D1 bar closed below the bottom of the most recent upward...
Gold currently facing resistance at 1715.02 & support at 1704.95 creating a ranging structure. Now if gold makes break & close below the structure, then it might continue to push down to the next support level at 1693.91. Similarly, if gold closes above the structure with further bullish move, then it might continue to push up retesting the previous highs at 1727.63.
Price currently facing short tf resistance at 1714.35 & support at 1703.60. now if price makes a break & close above the resistance, then it might continue pushing up to retest the previous high at 1727.63 or all the way up to retest the higher tf key zone at 1744.43. And If price makes a breakout of the previous low or recent support at 1703.60, then it continue...
Price after a retest on the supply zone & also 0.786 fib level, showing signs of price rejection while also facing recent support at 1631.91. Now if price without making a breakout of the supply zone, it makes a break & close below the recent support, then price might continue to push down to retest the previous low at 1621.36 or create new lower low in respect to...
Price currently ranging in between 1680.51 as its resistance & 1656.16 as its support. now if price respects the support & closes above the resistance, then it could continue to push up to the next zones at 1692.36 or all the way to 1707.02 to make a retest on the newly forming downtrendline. And if price respects the resistance & closes below the support the it...
Price facing recent support at 1667.16 while retesting the uptrendline & also price facing resistance at 1679.46. so if price break & closes above the resistance while respecting the support & uptrendline then price might continue to come up to the next resistance at 1691.67. However if price breaks out of the support, that would also be a breakout of the uptrend...
So gold currently moving in a downtrend channel & also formed a small timeframe structure while facing recent resistance at 1671.26 & support at 1653.99. now if price respects the resistance & breaks out of the support at 1653.99 then price might continue to push down to retest the next HTF support at 1644. 40 while still moving in respect to the...
As you can see price moving in a downtrend channel & also formed a small timeframe structure while facing resistance at 1671.55 & support at 1653.46. now if price respects the resistance & breaks out of the support at 1653.46 then price might come continue to push down to retest the next HTF support at 1644.40 while still moving in respect to the...
Price retesting a major support zone on HTF at 1680.50 & also facing recent resistance at 1690.93 while moving in a downtrend. now if price respects the recent resistance and breaks & closes below the major support zone then gold could continue pushing down creating new lower low. However if gold respects the support and makes a breakout of the resistance then...
Gold after the bearish engulfing move from yesterday, formed a bit of structure with a recent resistance at 1708.53 & support at 1696.67. now we are looking for trades on the breakout of the structure. so if price respects the recent resistance & makes a breakout of the support at 1696.67 then price continue pushing down to next major support zone at 1681.93....