⏩XAUUSD news to pay attention to this week are: Unemployment Claims, Retail Sales m/month, Unemployment Claims, PMI.... This week, the gold market is expected to be quiet without important economic data. Investor concerns will turn to developments and interest rate decisions of major central banks in Europe, including the Swiss Central Bank and the Bank of...
This chart tracks the price movements of Gold in USD per ounce over a four-hour timeframe, as of June 13, 2024. Here’s a simple breakdown: 1. **Current Price**: Gold is trading at around $2,301.84. 2. **Resistance Levels**: There are significant resistance points where selling pressure is high at around $2,340, $2,380, and $2,420. These levels are where the...
Trend analysis Current week trend has less volumed when compare to last week. Looks golds is in range bound between 2380 to 2280 per trend analysis pattern. Three drive pattern gives short look below 2,270. Please do your Own analysis before trading. I just share my view.
To create a more refined predictive analysis for gold prices, incorporating a specific target price (TP) of $2288 and a risk-to-reward ratio (R ) of 1:3, we'll follow these steps: Model Refinement: Adjust the model or its predictions to better align with financial strategy goals, specifically targeting the $2288 price level. Risk-Reward Analysis: Set up a...
For a refined analysis of gold trading, considering the given sell zones, we can focus on two specific strategies that traders can deploy: a reactive approach where traders wait for the zones to activate before selling, and a proactive approach where traders set limit orders in advance. Here’s how each can be implemented effectively: Strategy 1: Reactive...
Gold dropped to around $2,330 per ounce on Thursday due to increasing US Treasury yields and demand for the greenback following hawkish remarks from Fed officials. Fed Atlanta President Bostic expressed uncertainty about reaching 2% inflation and highlighted significant price gains. Gold moves towards 2350, passing through the lowest bottom of wave 3, but the...
Current Price Movement Support Zone: 2348 - 2343 Resistance Level: 2370 Correction Phase: 2348 - 2343 The gold price is expected to correct downwards to the support zone between 2348 and 2343. Reasons for Correction: Profit-taking by short-term traders. Testing previous support levels to establish a stronger base for the next upward move. The gold price is...
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups...
Reason For Bearish/Sell 1. Bearish Shooting Star Formed 2. Bearish Spinning Top in Previous Day Candle 3. Bearish Engulfing Formed In last week 4. Obeyed Strong trend Overall Possible Outcomes XAUUSD/GOLD SELL @ 2160-2170 SL 2210 TP 2140 TP2 2080 TP3 2040
On Weekly Basis: GOLD took a support at 1640 (inverted head) on weekly charts (October, 2022) after it made a peak at 2035 (August, 2020) and correcting nearly 50%. It tried to pierce the daily top of 2070 twice after peaking in August,2020. It means it made a triple top which could mean a bear market for GOLD instead it made an inverted head at 1640 and shoulder...
Gold is Trading high nowadays, So We have analyzed the Gold levels... Educational purpose only .... Hope you can catch the Target levels...
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Reason For Bullish 1. Stochastic Oversold and tends to Bullish 2. RSI 14 above 50 which Uptrend in 1H 3. Breaked Resis 2019 and retesting Now for Bullish Overall Possible Outcomes XAUUSD BUY @ 2021.90 SL 2015 TP 2025 TP2 2030
Reason For Bulllish 1. Bullish Spinning Top in Single Candlestick 2. Morning Star Patttern In Three Candlestick Pattern 3. Ascending Triangle Chart Pattern 4. Obey Support & Fibo Retracement @ 2020-30 Overall Possible Outcomes XAUUSD BUY @ 2035-40 SL 2002 TP 1 2062 TP 2 2089 TP 3 2150
5888 - 57500 will be investor buying zone , which is 6-8% away from friday close, and for trader they been looking the triangle pattern breakout would rather wait and buy instead of shorting the gold (following the long term trend) based on my fib projection the price here has reached overbought zone which needs a correction for futher continuing the uptrend...
Buying some quantity of goldbees Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable...
I Have share three possibilities in gold comes as per my analysis. I am watching this charts from past months if it breaks 2075- then we can see all time high in gold or we see rejection from 2075 we can see a good rejection in gold till around 1700 - 1650