Gold prices edged lower at the start of the week after posting solid gains from haven flows that were seen outperforming higher government bond yields across most of the globe. The price of precious metals decreased not because gold's upward momentum was over, but because the market needed to consolidate with resistance at 1,985 USD/ounce. The geopolitical...
Currently gold is trading around 1980 USD and has increased a total of 7 USD today. It can be seen that after the Fed chairman's speech yesterday, gold's reaction was not too strong but still developed with the highest impressive number in the past two weeks since October 6. The reason gold prices increased cannot help but mention the fact that the gold market...
Good Morning Dear Trader Gold Look Long After 1900 to 1902 1st,2nd,3rd Target Set As a Fibonacci retracement enjoy upcoming day with sl
My strategy TVC:GOLD for today After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States. Gold prices continue to face...
TVC:GOLD Gold prices rose on a daily basis, although XAU/USD established a new one-week low of $1,951.53 per troy ounce while holding below Monday's high of $1,967.85. The US dollar rose in the first half of the day as the gloomy mood favored the safe-haven currency. The dismal macroeconomic figures released these days show the fragile economic balance most...
Gold Powerful 1:3 Trade = Down Trend = breaking their Support = Price below the 200 EMA = Positibe news For USD Coming soon (Bad for Gold) = Proper Price action
Here we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a...
MCX:GOLD1! gold is in parallel channel at the top level support area which was previously a resistance zone, this support zone+ parallel channel breakout can send gold on new all time high or retest the new high level once again.
OANDA:XAUUSD XAUUSD gold is at good resistance and it is in up trend, if it is breaks the level and sustains or retest we can go for buy side.
up side resistens rejecton and sell confirmetion sell oder oky
📉 Gold - Bearish - We look to Sell at 1615.08 ▪ The medium-term bias remains bearish. ▪ Following last week's retracement candle, the overall trend is set to continue downside. ▪ A firmer opening is expected to challenge bearish resolve. ▪ Prices are expected to stall near trend line resistance at 1675-1680.50 levels. ▪ We look to sell rallies in the coming...
📉 Gold - Bearish - We look to Sell at 1613.90 ▪ The medium-term bias remains bearish. ▪ Broken out of the triangle formation to the downside. ▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level. ▪ Support at the levels of 1615 weekly low can be broken. ▪ We prefer to fade into the rally with a tight stop in...
📉 Gold - Bearish - We look to Sell at 1638.90 ▪ The medium-term bias remains bearish. ▪ Broken out of the triangle formation to the downside. ▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level. ▪ Resistance could prove difficult to break down. ▪ We, therefore, prefer to fade into the rally with a tight stop...
📉 Sell Gold - Bearish - We look to Sell at 1646.51 ▪ The medium-term bias remains bearish. ▪ There is scope for mild buying at the open but gains should be limited. ▪ Prices are expected to stall near trend line resistance. ▪ We look to sell rallies. Confidence: ⭐⭐⭐⭐⭐ ⛔ Stop: 1655.37 🎯 Target 1: 1627.32 🎯 Target 2: 1610 Happy Trading!
Double top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not. If confirmed, minimum target = 1450/1400$ Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell. #fingerscrossed. Happy Trading.
Gold analysis for the week starting from 19th September 2022. Use my levels and zones in either on Hourly or 15 Minutes or 5 Minutes for best Risk Reward trades. Never trade with out a stop loss.
Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $...