Head and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.
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
Hello Friends Welcome to our Elliott Wave analysis of the Gold chart! This analysis helps us make sense of Gold's price movements by spotting repeating patterns. Think of it like finding familiar footprints in the sand. Imagine Gold's price as a series of waves. Elliott Wave theory suggests that these waves repeat in predictable patterns. We'll be looking for...
⚡️At the end of the week, spot gold XAU/USD recovered slightly to $1,890, but it remains poised for a 1% weekly drop, the fourth consecutive weekly drop. The metal appears to be consolidating losses after seeing the red for the previous four days and also bullish on risk aversion as the market worries about the health of the Chinese economy. ⚡️The bulls are...
⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. ⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then...
OANDA:XAUUSD prices recently dropped to a low since March of last year, putting pressure on the $1890 area. Market participants are feeling nervous about the changes, especially after the Fed (US Federal Reserve) expressed concern about inflation and the possibility of interest rate hikes. While the US is not the only country facing the challenge, the situation...
gold weekly possibility. upcoming weekly possibility so enjoy the trade with sl. next sell zone 1912,1917,1922,1932,1940-1945, possibolity
U.S. retail sales data released on Tuesday showed consumer spending remained strong in the country, potentially indicating more inflationary pressures in the coming months. Investors mostly favor the dollar and Treasuries as a safer haven than gold, as risk appetite worsens amid worsening economic conditions across most globally, especially in China. The...
Gold price today on August 17 on the market continued to plummet to 1893.03 USD/ounce and lost the support level of 1,900 USD/ounce. Gold weakened because the dollar in the international market soared in the past few days in the context of the US Federal Reserve (Fed) maintaining tight monetary policy. Meanwhile, many Asian countries accelerate monetary easing to...
The dollar strengthened after some disappointing Chinese economic indicators stoked concerns about global growth, boosting demand for the safe-haven greenback. Recently, the dollar rose on concern that prolonged inflation will cause the Federal Reserve to keep interest rates higher for longer than previously expected by traders. The USD is also increasing in the...
Gold (XAU/USD) prices remained pressured at $1,901 in the early hours of the Asian session on Wednesday as it reversed a late-Tuesday correction from seven-week lows in cautious mood context. That said, the risk aversion engendered by China coupled with upbeat US data and belligerent negotiations by the Federal Reserve, as well as fears of seeing a downgrade...
With news Core retail sales better than expected.The USD immediately benefited and pushed gold down However, when GOLD touched the H4 trend, it bounced back, causing gold to continue to enter the trajectory of the parallel trend.Gold has now bounced and created a short-term buying trend The US Dollar Index (DXY), which measures the strength of the US Dollar...
TVC:GOLD Price cheers US Dollar decline, as well as mixed effect on market consolidation ahead of top US data/events to depict recovery correction rebound from 5-week low. Going forward, US Retail Sales for July, expected to be 0.4% month-on-month versus 0.2% prior, will be important to keep an eye on the intermediate directions of TVC:GOLD Price. US retail...
The world gold price today listed at 1,917 USD/ounce, down 10 USD/ounce compared to the early hours of the morning. The world gold price continued to decline today as the dollar soared after China released many disappointing economic data. Besides, the US economy is making strong recovery steps. The growth rate of 2.4% in the second quarter of 2023 exceeded...
Temporary concerns cooled down during trading hours in Europe but continued before Wall Street opened, with XAU/USD trading at a low of 1,902.68 per troy ounce, which aligns closely with the lowest level in July. Ultimately, the positive tone from Wall Street finally interrupted the USD protest rally and helped XAU/USD recover from the aforementioned low level,...
XAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July. Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risK BCOZ ITS AN part of trading word .
Head & Shoulder Breakout Buy At Cmp 58870 SL - 58450 Target - 59840