Fxoverseas

10:08

Fxoverseas

Gold is currently consolidating around key levels, with a potential breakout on the horizon influenced by upcoming economic data. Highlights 📉 Indecisive Candle: Last week’s candle showed market uncertainty with equal highs and lows. 🔄 Resistance Zone: Gold faces strong resistance around 2528-2530, needing a breakout for upward movement. 📊 Economic Data: Key...

11:49

Fxoverseas

Summary Gold shows strong bullish trends, with recent breakouts and buying on dips. Caution is advised due to market volatility. Highlights 📈 Strong bullish trend observed in Gold. 🚀 Breakout from the Rising Bull flag at $2475. 📊 Daily time frame indicates potential for new highs. 🔄 Consolidation pattern suggests no immediate bearish signals. 💡 Caution advised:...

07:00

Fxoverseas

Highlights 📉 Gold is within a rising bull flag on the daily chart. 📊 CPI data showed inflation control but not a decisive win for the Fed. 💵 CME FedWatch Tool indicates a 36% chance of a 50 basis point rate cut in September. 🔻 Resistance at 2457-2461 is crucial for potential short entries. 📉 Break below 2450-2451 could lead to new lows around 2435-2440. 📈 Buying...

10:19

Fxoverseas

Summary Today’s CPI data will be crucial for determining price direction. Highlights 📈 Gold is near its all-time high of 2485. 🔄 A potential breakout from the 4-month consolidation is expected. 📊 CPI data today is pivotal for gold’s movement. 💹 Recent resistance at 2475 could influence short-term trades. 🔍 Support levels at 2455 and 2440 are critical for bearish...

11:19

Fxoverseas

Key breakout level at 2415-2420 for potential upside move Break below 2380 may lead to further decline to 2360-65 or 2350 support zone. If breaking below 2350, possible further decline to 2322 on smaller time frames. Support at 2350 for high-risk high-reward buy entries. Short-term buy ideas above 2395 97 level, deeper pullback sell zones at 2405 and 2416 Looking...

10:42

Fxoverseas

Trade ideas for #GOLD for the day Short-term support is expected around the 2358-2360 level, where we anticipate buyers defending. Consider short-term buys above the 2377-2378 range, aiming for a better pullback sell opportunity around 2398-2400-2402. if the price breaks below 2351. During the NY session, it may further drop to 2323-2325 ( which may be a...

18:14

Fxoverseas

Market sentiment shifted overnight leading to a significant downside movement Head and Shoulder structure indicates bearish trend, wait for price to rise above 2395 for potential buys Zone of 2385 identified as pullback sell zone deeper pullback zone 2397 with clear bearish engulfing candle signal High risk, high reward buy zone at 2334

Fxoverseas

#GOLDMCX has broken the black bull flag to the downside but is still within a blue uptrend channel. The Indian government has proposed a reduction in customs duty on gold and silver from 10% to 6%. This initiative, part of the Union Budget 2024, aims to make gold more affordable domestically, potentially boosting the jewelry sector. I am considering buying near...

10:27

Fxoverseas

Bullish Momentum Expected, Key Support and Resistance Levels Discussed - Technical and Fundamental Insights Shared. Multiple confluences supported the reversal, with a bullish candle closing for further upside potential. No reason to short as long as inside uptrend channel Current resistance zone at 2440 - 2442 and support area at 2410

06:26

Fxoverseas

2388 is a crucial support level where buy positions are planned 2381 is the second support level, with a buy opportunity continuous buys on breaking above 2410

11:20

Fxoverseas

There is a Rising Bull flag pattern observed, with clear touch points and a subsequent rejection around 2280. Potential back test to 2290 on daily time frame, before continuing upside move Opportunities for new buy positions on daily timeframe, target around 2290-2292 levels It may find support around 2416 to 2410 for a possible move to the upside possible...

13:22

Fxoverseas

The gold market is experiencing bullish momentum driven by the break of resistance levels and various influential factors including expectations of a rate cut by the Fed and increased demand from emerging economies, particularly India. Resistance levels are identified at 2482 and 2500, with support at 2442-45, and a key make or break zone at 2445-50 for a...

09:16

Fxoverseas

Consolidation zone forming a bull flag pattern Resistance area at 2449 Potential double top formation at 2445-50 level Possibility of consolidation before breakout, with multiple attempts needed for a successful breakout Buying opportunities seen for every dip within the channel Resistance levels at 2434 and 2447 highlighted for potential selling opportunities.

11:20

Fxoverseas

The bull flag pattern in the daily time frame suggests a prolonged consolidation. A breakout above 2450-2460 or below 2300 will determine the future direction of gold. Key level of support at 2348-2352 holding strong, potential for new low if broken Important resistance is around 2385-2390, and crucial support is at 2350. Short-term support around 2363 for...

01:49

Fxoverseas

Dxy broken the bullish channel to the down side look for 102.00

Fxoverseas

GOLD TRADE IDEA AND UPDATE DATE 09 JAN 2023 GOLD CURRENTLY INSIDE THE DOWNTREND CHANNEL , STILL BULLISH ON DAILY TIME FRAME The Nonfarm Payrolls report showed the United States created 216K new jobs in December,| while the Unemployment rate held steady at 3.7% according to the US Bureau of Labor Statistics (BLS), both readings beating expectations. Average...

Fxoverseas

Gold is still trading within the range 1940s - 1985 and tried to break above 1980 as investors are still looking for safe heaven demand and we had lower volume and volatility this week so far, We have many key import data release today, Gold nearing the 2000's again, which is a key rejection zone from the last weeks and years gold rejected multiple time from...

Fxoverseas

Last week on Friday , we saw gold failed to make a new high and fell below 1970, JPY also lose its strength , we saw indices turn bullish, These are the sign that , all banking related fear are now priced in, also the 25 bps hike by FED was already digested by the market , hence we saw dollar ranging starting of the week , As long as we are below 1970, we are...