MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements. Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel. I tried to short gold last week but it went sideways so I had to close. Closed that...
Why We Think the Price Might Drop: 1. The price is hitting a trendline around 2195-2205 . 2. We expect a correction after a big increase in price. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is between 2200-2210 . We're aiming for targets around 2145 and 2085 afterwards.
Yesterday, the candle closed with a long red body, indicating a significant price pullback from 25. The price range of approximately 12 points suggests market indecision, waiting for a reaction. Important news today: Durable Goods Orders m/m at 20:30 (better for the currency if higher). The most recent occurrence was on January 25th, with negative news causing...
Gold broke out of Bullish flag pattern and going for new targets. First target is 2075 and final target is 2458. These are long term monthly targets.
U.S. stock futures fell early Tuesday due to concerns over rising Treasury yields and the ongoing property sector crisis in China. On Monday, the Dow Jones Industrial Average rose by 43 points (0.13%), reaching 34007, while the S&P 500 increased by 17 points (0.4%) to 4337, and the Nasdaq Composite improved by 60 points (0.45%) to hit 13271. The 10-year Treasury...
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...
gold weekly possibility. upcoming weekly possibility so enjoy the trade with sl. next sell zone 1912,1917,1922,1932,1940-1945, possibolity
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.
Gold will invite buyer after resistance breakout and also the buying was week so enter the trade before 1-2 min before event
Dear Trader, i hope every One good And Well Gold long possibility m15 So enjoy The Trade With Sl Orange line Is 1/2/3 Tp
this is my view and my predtiction is gold h4 sentimenrtel is bear so we can expect a small pullback nd market again continue fall
Dear Trader gold today Possibility long orange line is the 1/2/3pt so enjoy the trade with sl
gold Weekly Possibility As per Possility You Can Arrange You Possion Up Coming This Week