gold price are going up inside a yellow parallel channel price is making higher highs with higher lows so technically it is up trend until lower trend line breakout price not only testing upper line of channel it is also testing big psychological level $2800 near upper trend line today is last day of October month tomorrow we will have last nfp number before...
since gold meltup this year silver also going up but there is long term elliott wave target near $31.71 price made head and shoulder pattern than neckline breakout now retest of neckline ( as your horizontal resistance) and target new lower low is final setup in head and shoulder pattern
on weak dollar gbpusd is going up making higher high with higher low inside a yellow parallel channel 1.34297 first big resistance lower yellow line first big support
gold price tested trend line near $2300 since it is going up up and up price almost there major psychological level $2700 but before price starts new correction it has multiple support line as long as price trading above all of these trend line it is bullish
gold price are rising making higher high with lows price is making strong support on yellow trend line first static support $2530 fomo buyers are happy because trend is their friends until one day changes everything
gold price are rising very high for last two years it started two years ago with uk crisis when fed started turning monetary easing by Financial condition. in last two year fed pivot from 75 to 25 hike to doing QE meeting by meeting from november 2022 to march 2023 while now crowd asking fed will cut to make kamala win election. to avoid recession in election...
gold price were range bound in $60 price area but suddenly it breakout on wsj and ft news article on 50bps first cut size possibility. after years of ZIRP and QE big size cut can spark second inflation wave risk since usa economy has not reached into deflation like china this year alone fed has ignored second inflation wave risk two times first in march by...
price collapsed in big way after fed july fomc and boj hike but now price testing horizontal support and fib level both at the same time at 140 level
gold price are trading near all time high below white trend line after fed said time has come for rate cut price is testing is trendline 4th time before big gdp, pce, job claims news
gold price are going on global central bank rate cut news currently trading few dollar below all time high all big level on h4 time frame horizontal support and yellow trend line (dynamic support)
during fed rate hike cycle due strong dollar eurusd was collapsing since fed rate cut pricing begin after their last 75bps rate hike in 2022 eurusd has retrace 61% from top to bottom , price testing this area again 1.12746 will be a strong resistance level if price don't breaks this area than double top possibility increase this week will be first time we see...
price is sideways near previous ATH waiting for new catalyst to breakout
after long sideway correction before us election price breaking lower yellow line on recession fear after breakout 65 will be first big support level
pair is going up again ready to test yellow neckline resistance of head and shoulder pattern pattern began its formation in late december last year when market was pricing 7 cuts which were wrong but now market is pricing same amounts of cuts and fed is behind the curve dxy is collapsing on daily chart on panic selling before fed jackson hole speech risk is...
since price hit 2500 for first time on last friday gold is sideways but it has made this head and shoulder pattern with yellow line working as neckline of pattern . first intraday support 2480 yellow line intraday resistance
gold price are going up first it breakout the resistance then retest than goes up again on line chart
dollar is collapsing to all time low in gold from $1810 to 2500 level price has made head and shoulder chart pattern now price breaking neckline as based on friday closing price
price trading outside the trendline weekly candle trading outside the trend line