Gold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors: Weak retail sales: US retail sales report was lower than expected, suggesting a decline in consumer spending. This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the...
Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is...
Look at H1 - We see that currently the price is tending to form a triangle correction pattern. - As I said before, the price is currently in a complicated adjustment process, we can only wait for the model to complete to determine the next trend. - And I am also predicting an ABC correction model with the target wave C on the chart with 2 price ranges 2350 and...
Gold prices are recovering after last week's sell-off as the US economy forced the Fed to adopt a more dovish stance. Weak manufacturer inflation data and a rise in initial jobless claims supported lower interest rates. Additionally, escalating geopolitical tensions, such as increased attacks by Hezbollah on Israel and more Russian warships in the Caribbean, have...
#USOIL Long side trade 🔝⤴️🔝(crude oil) Track the chart🙏 must use sL to save money for a longer trading life. TVC:USOIL
WTI crude oil pares the biggest daily gain in a week while posting mild losses near $79.50 early Tuesday. Even so, the black gold holds onto the previous trading beyond the 200-SMA and a downward-sloping resistance line from late April. Also keeping the energy buyers hopeful are the bullish MACD signals and upbeat RSI (14) line. It’s worth noting, however, that a...
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A custom index made by RENUKA, EIDPARRY, BALRAMCHIN, TRIVENI had a breakout with volume after 2.15Y. Cup & handle pattern. 22% upside potential still there.
Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively...
Hello, let's analyze today's gold price! In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable. Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the...
FX:USOILSPOT Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the...
Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues. Technical analysis: Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum. EMA...
Good Morning Traders, Till the time gold is moving above 2315 we can see more up levels 2330 22335 and 2345. If Gold will break 2315 and sustain below then only we can see 2310 2302 and 2290 Our preference is buy from Dip and sell from top Plan accordingly, Happy Trading 😉
Monthly Time Frame: Weekly Time Frame: Overview & Observation: 1. Inside candle formation on monthly. 2. Trading at crucial levels, either side move is possible. 3. Hourly candle closing above 2390 for long position planning and bearish view only after breaking of demand zone. Trade Plan: 1. Need to observe the price behaviour for the coming days to...
FOREXCOM:EURAUD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Hello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day. Accordingly, gold prices increased despite the USD...
Gold seems to continue its bullish move after a short retracement , Technically , its tapping weekly fvg , and showing minor bullish movement over there , Give us oppertunity to build a bullish trade
Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...