Current Market Overview: Gold is currently exhibiting a fluctuating trend influenced by a mix of global economic factors, including interest rate decisions by major central banks, geopolitical tensions, and fluctuations in the U.S. dollar. As of the latest data, gold prices are trading within a range, showing both bullish and bearish signals. Technical...
Current Price Movement Support Zone: 2348 - 2343 Resistance Level: 2370 Correction Phase: 2348 - 2343 The gold price is expected to correct downwards to the support zone between 2348 and 2343. Reasons for Correction: Profit-taking by short-term traders. Testing previous support levels to establish a stronger base for the next upward move. The gold price is...
On May 24th, the price of gold continues to show a downward trend. This analysis focuses on the one-hour timeframe, utilizing the 200 EMA (Exponential Moving Average) to guide our trading strategy. Technical Analysis Trend Analysis: Overall Trend: The price of gold is in a bearish trend, continuing to decline over recent sessions. 200 EMA as Resistance: The...
Overview During the Tokyo trading session, gold experienced a dramatic fall, dropping from $2375 to $2355. This sharp decline suggests significant selling pressure and potential shifts in market sentiment. In response to this movement, traders should look for opportunities to enter the market at strategic sell zones, with each trade targeting 50 pips away to...
Be provide a good signal in The Gold and still good show the bullish sign because it’s not break 2400 level. Buy gold 2410-2420 Target are 2460 2480 2510 Sl are 2370
Be provide a good signal in The Gold and still good show the bullish sign because it’s not break 2400 level. Buy gold 2410-2420 Target are 2460 2480 2510 Sl are 2370
At the start of the week, gold prices saw a decline due to stronger U.S. Treasury yields and a rebound in the U.S. dollar. This led to a moderate pullback from its recent peaks, although the price of gold still remains relatively high historically, influenced by persistent economic and geopolitical uncertainties. Analysts predict that gold prices may rise later...
Current Market Situation Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level. Scenario 1: Immediate Upward Movement In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance...
Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.
Technical analysis from TradingView highlights that gold recently touched $2,360 and even approached $2,380 before facing some resistance and correcting downwards. Despite this, the sentiment remains that a round bottom pattern may indicate potential growth in prices, with key levels being watched at around $2,365 and $2,379 (TradingView). The ongoing...
Technical Analysis Support and Resistance Levels: Support Level at $2400: This level has proven to be a strong support as prices have rebounded after reaching this level. It indicates that there is significant buying interest at this price point. Resistance Levels: As gold moves up, the next resistance levels to watch would be around $2450 and $2500. These...
#GOLD Setup: We will take a BUY position @ 2355 and collect profit at 2360, 2365 & 2370 Many confluence confirmed: Uptrend. Risk:- 0.50-1% Tips: Keep trailing your SL after 80+ Pips to lock your profit. Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
As expected, the market movers executed a well-coordinated setup to clear out sellers who had entered short positions below 2300. This move triggered stop losses for sellers. Subsequently, after reaching 2320, many buyers entered the market anticipating a further rise towards 2350. However, the market makers took advantage of this, triggering stop losses for both...
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups...
It's showing a fall due to these reason It's retracted the support after the breakout 2.its getting support from neckline plus support making it's more stronger due to double support 3. The trendline also giving a support 4. Overall meaning is it's getting support from three point mean it's a good situation for buying A good move gonna show here Just grab out...
XAUUSD Long near Bullish OB XAUUSD near 1H TF Bullish OB zone Long Target 2390 2392
Gold is known as a hedge against Inflation and currency devaluation. It is following the Time Cycle very well as u can see in this chart. Accumulating gold at current levels and on dips a can be a good strategy to ride the trend towards 70000 levels as long as 62000(cycle low) is held on the downside.
hey there today we analyse the gold has broke all time high peak and contine rising upside so the gold has moved peak and will reach next support 2450