Price is losing buyers at high volume time, Sellers are most likely to get active !
Fundamental Description: Gold was down during early hours in Asia, hitting its lowest level since February 11, as investors eyed the rising dollar and inflation data. " I know that families all across America are hurting because of inflation,” U.S. President Joe Biden said in a speech a day before the release of Consumer Price Index (CPI) data. Technical View:...
Price in gold was heavily on sellers pressure.! Took a sell 30mins after the new 4hr candle as structure was based on 4hr and Daily. Price went down smooth.!
Fundamental Descriptions: Gold was up on Tuesday over the weakening dollar. Investors now await inflation data. The precious metal has become more precious as a rebound in the positive market sentiment has trimmed the US dollar index safe-haven appeal. Worries over the impact of the Chinese covid curbs on the world’s no. 2 economy aggravated after the country...
Fundamental Descriptions: Gold portrays the risk-aversion wave during early Monday morning in Europe as it drops below the short-term key support, now resistance around $1,875. Market sentiment sours as China’s covid conditions, G7 sanctions on Russia join fears of Fed’s faster rate hikes. Despite Friday’s rebound, the path of least resistance for Gold Price...
In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 ( +444 ). A question is, is it moving upward? To identify uptrend: There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line. According to the above chart, Gold is forming a bullish flag pattern. And we're...
Fundamental Descriptions: Gold Price has regained some strength as responsive buying kicks in after the precious metal tumbled to near $1,866.15 in the Asian session. Gold is likely to trade lackluster in the European shift as investors are on the sidelines ahead of the release of the NFP. The Fed on Wednesday hiked its interest rate to 1%, and the Bank of England...
Fundamental Descriptions: Gold Price is capitalizing on an overdue correction in the US dollar, as the Fed poured cold water on aggressive tightening bets. Fed Chair Jerome Powell explicitly said Wednesday that the US central bank is not considering a 75 bps rate hike in June, sounding a less hawkish tone than markets had expected. Powell also appealed to...
Fundamental Descriptions: Gold was down on Wednesday morning in Asia as U.S. Treasury yields rose and the upcoming policy decision from the U.S. Federal Reserve dented demand for the yellow metal. The Fed is widely expected to announce a big interest rate hike in an effort to curb high inflation when it hands down its policy decision later in the day. The Federal...
This for long term investment Look at the chart market made a Bullish Gartley pattern according to bullish Gartley 'D' is buying point market made d point or will be it means buying let's check traget so our target will be 1990 ! It is not for short term investment ! ! high risk = high reward !
simple trendline break in five minutes and overall we are trending down
Fundamental Descriptions: Gold was up on Friday, as worrying U.S. GDP data drove some investors towards the safe-haven asset. However, the yellow metal is set for its biggest monthly drop since September 2021 as the U.S. Federal Reserve widely expected to aggressively hike interest rates. Month-end flows combined with profit-taking have triggered a sharp...
Fundamental description: Gold Price is attempting a recovery from two-month lows of $1,872, heading back towards the $1,900 threshold. Investors resort to profit-taking in their US dollar long positions following the latest upsurge while progressing towards critical America’s Q1 preliminary GDP release. The world’s largest economy is likely to see a dramatic...
Fundamental Description: Fundamental remains almost same for the gold during past 20 hours. As we can observe from the movement of gold that it is trading in the range of $1896-$1907. ECB president Lagarde speech is due for today. Meanwhile, Russia halted gas supplies to Poland and Bulgaria until payment are made in Rubles. Headlines from Russia provided some...
Fundamental Description: We have seen bearish reversal for the gold (XAU/USD) during past few trading sessions. Gold is now vulnerable to rising Covid-19 cases in China and hawkish stance from federal reserve. As of writing, it is trading slightly above 1900 marks. It is still to be seen how it performs during the last few sessions of the month. The war in...
It is possible to test upper trend line and fall from there, IF RSI indicator stable in between 60-40 zone in 1 hour tf, no trade today. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. ...
Don't Miss Good Buy Opportunity in GOLD - XAU/USD Running in Strong Support Level And Possible Uptrend till 1942 Resistance Level Support: 1890, If break the support it will fall more else, possible bullish till 1942 What is Your View On this?
If SILVER closes below 25.520 and GOLD below 1965 on 19th Apr'22 then a short term downtrend will be awaited with a near support of 24.67 for SILVER and 1916 for GOLD.