Powell hints at 2 more hikes, sends gold lower The US dollar rose on Wednesday after the gathering of central bank leaders worldwide, which included Federal Reserve Chair Jerome Powell. During the meeting, Powell left open the possibility of the Federal Reserve implementing two more rate hikes this year. Furthermore, Powell stated that he does not anticipate...
Bullish Cypher Gold Cmp - 58940 Buy PRZ - 59039/58921 SL - 58400 Target - 60000/60400
Shorting Gold on 15 min frame 1:5 ratio in every trade as usual. SL & Targets are on charts. I have found FIB retrace tool for my targets & SL
Gold 4 R:R trade 1. Strond support (1956-1951) 2. Strong Resistance (1974-1984) 3. USD is becoming weaker because of poor economical events. 4. 200 EMA is below the price on daily basis 5. proper price action we can see on gold disclaimer: This Analysis is only for (09Jun -17Jun)
The price of gold rebounded after hitting a low point not seen in over two months. This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth. The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset. However, it is expected that...
Bullish Butterfly Buy PRZ - 59282-59338 SL - 50149 Target - 59700/59850/60000
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...
Be cautious of trade today as it could be highly volatile environment due to different news today . Gold is forming bullish penant , if broken could lead gold to 2028 -30 levels before a correction. Happy trading , look for stop loss hunts due to great volume today.
Gold latest move in 1 hr time frame may breakout from symmetrical triangle and reach to 2005- 2012 📈 range before falling down . But if broken previous week high at 2015 may lead to test resistance at 2020. If not broken symmetrical triangle can lead to 1950-1960 📉 support range and will also broke the daily bear flag which will give the confirmation for further...
Gold or XAUUSD analysis Symbol: Gold or XAUUSD Time frame: 4 hours Analysis: Presently we can observe divergence, SO, we can expect downtrend movement up to 1870 but in case if the price crosses above the parallel channel with high volume and in MACD, if the price crosses above zero, then, we can expect target up to 1230. HOPE our analysis is...
OANDA:XAUUSD XAUUSD Gold has given a consolidation breakout and if the breakout candle closes well we can plan for selling side, if it takes retest we can go for short.. plan your trade accordingly....
Gold mcx presently Broken out the drawn downtrend channel in hcb. Might not sustain there and will go down again till 55150-55050, once it closes below 55750-55650 zone in hcb. Do proper study before jump.
If the value of Gold crosses below 1854, Target expected is 1840. SL 1863
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.