📉 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 $...
XAUUUSD SELL OPPORTUNITY SELL @ 1730-1745 Target Price 1680 Stoploss Price 1770 Reason For GOLD XAUUSD SELL 1. Obay DAY candle support and bring rejection and tends to sell 2. Clearly formed BEARISH ENGULFING and make possible t fall again 3. Fundamentally the intrest rate may hike for short while
Fundamental Descriptions: A strengthening dollar and rising U.S. Treasury yields impacted demand for the U.S. currency-priced yellow metal, which is set for a second consecutive monthly loss for the first time since March 2021. Gold prices will be influenced by the direction of U.S. Treasury yields and the U.S. Dollar. Higher yields lower the appeal of...
Fundamental Description: Gold was up on Monday morning in Asia. A weaker dollar gave the yellow metal a boost, but a move towards riskier assets in Asia capped gains. Gold Price ended Friday with mild gains above $1,850 while having booked the second straight weekly gains, as the US dollar correction extended alongside the US Treasury yields’ amid subsiding...
Fundamental Descriptions: Gold was up on Friday morning in Asia and was set for a second weekly gain after the dollar retreated from 20-year highs. Gold has benefited from a strong bearish reversal in the dollar. On May 13 the dollar index hit an apex trading to a high just above 105. In the last nine trading days, the dollar has declined to its current value of...
Fundamental Description: Gold was up on Thursday morning in Asia, while U.S. Treasury yields gained. Gold’s response has been quite disappointing, with the FOMC minutes also boosting risk sentiment. Gold cut some dollar strength-driven losses after Wednesday’s Fed minutes suggested the central bank would raise interest rates by 50 basis points in June and July...
Fundamental Descriptions: Gold was down on Wednesday morning , with inflation's uncertain path giving the yellow metal a uncertainity. The buying momentum around Gold Price extended on Tuesday, as bulls cinched fresh two-week highs at $1870. The US dollar tumbled alongside the yields, extending its downward correction despite a cautious market mood, led by a tech...
Fundamental Descriptions: Gold was up on Tuesday morning in Asia. The dollar was up, stabilizing after its fall during the previous session that helped boost the yellow metal to its highest point in two weeks. The bright metal took advantage of the dollar sell-off and built on the previous week’s recovery rally from four-month lows of $1787. However, the risk-on...
Fundamental Descriptions: Gold was up on Tuesday morning in Asia, even as the dollar slowly resumed an upward trend. A sustained move under 1830 will signal the return of sellers. If this creates enough downside momentum then look for a retest of the intraday low at 1785, followed by 1783.80 mark. Technical View: Attempted recovery move stalled just ahead of the...
Fundamental Descriptions: Gold was down on Thursday morning. Investors are digesting the U.S. consumer price index (CPI), which suggested inflation remains high but has peaked in April, easing some concerns about more aggressive interest rate hikes from the Federal Reserve. Looking ahead, Gold Price will continue to remain at the mercy of the US dollar price...
Gold Reversal Possibilities | Gold Long Position Idea in the marked are one can buy gold.. for Daytraders
Xauusd continue its bullish moment will hammer the sellers - Expected TP: 2058
new demand and supply zones in gold {XAUUSD} in 15 min time frame
From 1150 level back in August 2018, Gold rallied up to 2075 highs in August 2020. After that peak it corrected to 1860 in March 2021. 1860 became the short term bottom for the price as price found support there twice in March. Later in August and September price found support twice in the 1730 zone as marked on the chart. The bullish flag pattern would remain...