Gold prices are expected to trade in a range of 56,000-58,500 rupees per 10 grams this week, with a downside bias. The US Federal Reserve's commitment to a more aggressive monetary policy stance is likely to weigh on gold prices in the near term. However, gold could find some support from a weaker rupee and rising geopolitical tensions.
If gold reaches between...
Gold price remains well above key short-term support around $1,897, including one-week Fibonacci 38.2%.
Also, setting a solid floor for XAU/USD is a convergence of the 5-DMA and the previous monthly low, around $1,905.
It is worth noting that the one-day 161.8% and 61.8% one-week Fibonacci join S2 one day of the Pivot Point to add strength to the $1,905...
dear trader good morning gold Long time buy possibility I don't know what data will come today evening but that looks like it's going up possibility. so enjoy the day
The dollar rose past the Fitch cut, taking support from much stronger-than-expected payrolls data released by ADP. The reading followed data earlier this week that showed some signs of a U.S. manufacturing and construction recovery.
The data spurred bets that the Federal Reserve will have enough economic headroom to hike rates further and keep them there - a...
Gold or Nasdaq: What to Short this Week?
For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops...
Now, the focus is entirely on the minutes of the Fed's June meeting, for any further signals on the direction of US interest rates.
This trend indicates that gold will come under more pressure in the coming months, although expectations of a potential recession in the US have also boosted some safe-haven demand for the yellow metal.
Gold is waiting for a break...
GOLD Buy trade opportunities
The gold market has been experiencing a strong bullish trend but currently is taking a retracement. I have identified a support area, and if the market reaches this level, it could present a promising opportunity for a long trade.
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.
Gold Dropped huge on the last friday as a correction mode with strong Data but Gold bias still strong here expecting level HKEX:1987 -86 in continuation and sell with small retest HKEX:2012 -15 on Monday and below TSE:1980 -82 we will go for TSE:1945 -35
It formed a W on a daily chart , so now we can see the reversal or it may go up again to make ATH near 2100 range before coming down.
Let's see what next week holds for us .
Happy Trading
Good luck
AUDJPY has tested the resistance and got rejection from there . There is 4 hr trendline and breaking it can lead to our target which is shown in the chart . Take entry only after confirmation . Stop loss can be put above high's .
We can see the gold the retesting the yesterday high's again , it may be just a bull trap before dropping to test the HKEX:2000 on the daily bear flag or dropping below that can swing the reversal to supports at TSE:1980 and then $1950. It can form the M here or if it broken can test ath of TSE:2070 which is much less likely as it may go to test ...
![AUDJPY: AUDJPY Short Analysis [ Setup ] , Sail it or lose it](https://s3.tradingview.com/7/7RHsA7xX_mid.png "AUDJPY Short Analysis [ Setup ] , Sail it or lose it")
