I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of...
I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of...
Gold has found strong short-term support between $1,932-$1,940 and has been testing it for the past two weeks. The current spot price of gold is at $1960 and is trying to break through the 20-day moving average, which has affected the precious metal in the previous month. The upcoming week's schedule will determine the short-term future of gold. Retail trader...
Gold prices rose due to a decrease in the USD, but investors remain cautious about the Fed's interest rate strategy and other economic signals. However, gold prices are still close to their lowest level of the previous session as investors wait for signals from the Fed before making investment decisions. The USD Index decreased by 0.2%, providing support for the...
The Federal Reserve's upcoming FOMC meeting may result in a temporary pause in raising interest rates for the first time in 10 meetings. However, inflation remains high and has increased further, as shown in the latest PCE report. The US economy created 339,000 new jobs in May, but the unemployment rate rose to 3.7%. The Congressional Budget Office predicts that...
Gold prices fell during Wednesday's midday trading in the US due to weak economic data from China, suggesting a global economic slowdown that could reduce demand for the precious metal. The increase in US Treasury bond yields also had a negative impact on safe-haven metals. China's exports have declined more than expected, falling 7.5% in May compared to the...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Gold prices were steady during midday trading on Tuesday in the US, with a slight increase of $5.10 to $1,979 per ounce due to some light safe-haven demand. The demand was caused by news of a dam and a large power plant explosion in Ukraine, which has raised concerns about crop and food damage. This situation is seen as a significant escalation in the...
Gold prices are currently at $1,965, a slight increase of $6 from yesterday. If the support level below $1,950 is broken, the precious metal may drop sharply to $1,880. Last month, gold dropped below $2,000 due to the relatively healthy economic sentiment that continues to support the Fed's positive monetary policy stance. However, in recent weeks, gold has held...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Gold price drops to retest its earlier low of $1,959 due to recent lack of catalysts and no statement from the Fed before the FOMC shutdown. The US big banks need to hold more capital to tackle the landing crisis, which is impacting the sentiment and Gold price. The rising geopolitical tensions between Russia and Ukraine and concerns about hostilities between...
Gold market rebounded strongly from the support level just above $1,950. August gold futures traded at $1,976, up 0.35% on the day. Gold saw new safe-haven demand when US service sector activity fell more than expected in May. Disappointing economic data may force the Fed to end interest rate hikes. The market sees over an 85% chance that the Fed will keep...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
The chart is self-explanatory. The stock is bounced back from the recent support projection area. If momentum continues, maybe bullish up to 6250/6880 or even more in the long run. If breaks down to 5500 and sustains below will show the weakness on the charts. Only for learning and sharing purposes, not a bit of trading advice in any form. All the best. please...