TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello, Gold has been fluctuating in the range of 1910.935 to 1946.77. These upper and lower bounds commonly offer insights into potential resistance and support levels. Presently, there's an anticipation of a decline, with a high likelihood that gold's value might decrease to the liquidity area before experiencing an upturn. The weekly trend remains consistent,...

TradeWithTheTrend3344 Updated 

Hello, Currently, the price of gold has hit its lowest point in the day, week, and month. Over the past 3 months, it reached a low of $1893.065. The question arises: should one buy or sell gold in this situation? Looking at the 1-week chart, it appears that gold is exhibiting a bearish trend in the short term, while the medium and long-term trends lean towards a...

TradeWithTheTrend3344 Updated 

Hello, The upcoming week is likely to be interesting and unpredictable in terms of price behavior. Short-term signals are still mixed, but there are indications of growth ahead. As per our established rule, if the price remains comfortably below 1932, we might see another drop. However, if it stays above 1946, we can expect growth. Analyzing the 1-week chart,...

TradeWithTheTrend3344 Updated 

Hello, Last Friday, the price tested a support level at 1946 and then rose to a new Day high of 1963.56. Looking at the overall trend on the daily chart, it appears to be bullish. The simple moving average (SMA) is neutral in the short to medium term but bullish in the long term. On the other hand, the exponential moving average (EMA) suggests a bullish trend,...

TradeWithTheTrend3344 Updated 

Hello, Despite recent declines in the gold price, there are clear indications of overall strength in the market. Gold's bullish trend appears robust across the short, medium, and long terms when analyzed on a 1-day time interval. The market sentiment aligns with this view, as the majority of participants also hold a long-term bullish perspective. Both the Simple...

TradeWithTheTrend3344 Updated 

Hello, Several factors are contributing to the positive movement in the price of gold. Firstly, the dollar is weakening, which tends to have a favorable impact on gold prices. Additionally, there is news about weak inflation, which further boosts the attractiveness of gold as an inflation hedge and safe-haven asset. Looking ahead, once the price firmly...

TradeWithTheTrend3344 Updated 

Hello, The current market conditions suggest that the bearish momentum has not unfolded as anticipated, leading to a considerable weakening of the dollar. However, there is a possibility that gold may approach the $2000 mark in the near future. The resistance level thus far has been at 1963, and if gold can surpass and sustain a lock above this level, it could...

TradeWithTheTrend3344 Updated 

Hello, The ongoing week has been eventful, particularly in terms of gold's price fluctuations. Gold has been experiencing ups and downs within the range of 1895 to 1959. The inability to surpass either of these levels could potentially result in a significant shift in gold prices. It is anticipated that there might be another upward correction toward the...

TradeWithTheTrend3344 Updated 

XAU/USD Analysis 2023/7/11 Overview: The 1-day high for XAU/USD is at 1938 and the low point is at 1924.44, resulting in a range of 1408 pips or 0.73%. Trend Analysis: On the daily timeframe, the short-term trend is bullish, the medium-term trend is bearish but possibly weakening, and the long-term trend is bullish but possibly weakening. Moving Averages: The...

TradeWithTheTrend3344 Updated 

On Friday, there was bearish pressure on XAUUSD as the price failed to break through 1935. This bearish pressure is expected to persist and potentially increase due to the Federal Reserve's likelihood of raising interest rates later this month, influenced by a slowing labor market. According to the analysis, if the price manages to surpass 1934, there is a high...

TradeWithTheTrend3344 Updated 

Based on the retest of the 1912 area, it appears that the market is gearing up for a potential decline. It is possible that a pullback to around 1920 could be a significant move. If the price rebounds to 1912 and continues to consolidate near this support level, it could indicate that the market is likely to break the support and test new lows. However, as long as...

TradeWithTheTrend3344 Updated 

Hello, We began the trading week on a positive note, achieving a significant victory with a take profit at 1930! It's worth noting that there is a chance of reaching 1938, but only if there is upward movement beyond 1931. Currently, there is a strong likelihood of a decline in price. Since the Federal Reserve is not expected to reduce interest rates, the dollar...

TradeWithTheTrend3344 Updated 

The current market situation indicates that the price of gold closed last Friday at the significant resistance level of 1920, which has a significant impact on market sentiment. In order for the bullish momentum to strengthen, it is crucial for the price to break above this 1920 resistance level while maintaining a strong confirmation signal from the EMA5...

TradeWithTheTrend3344 Updated 

Hi Everyone, Gold has been under a lot of bearish pressure lately. Be cautious and trade with care! Yesterday Gold failed to cross 1931 to open up a trade to 1938 which would have been the EMA5 cross. As of now the trend short term 20 SMA is bearish, medium term 50SMA bearish, 200SMA is Bullish but possibly weakening; Long-Term Gold is still a buy with the...