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...
The world gold price suddenly increased by tens of USD/ounce when the market received many influencing factors. Specifically, the Institute for Supply Management (USA) announced the non-manufacturing index for May 2023 at 50.3 points, down 4 points compared to the previous month's 51.9 points. Market participants are struggling to predict the upcoming monetary...
Gold prices held steady on Tuesday on positive sentiment surrounding the US central bank's decision not to raise interest rates this month. The US Dollar Index (DXY) initially fell but is expected to fall further due to the Fed's tightening monetary policy. Regional banks in the United States are using credit filters, which can lead to a drop in economic...
You can enter with the configuration, this can be a good opportunity.Do take care of your risk management.
Gold Powerful 1:3 Trade = Down Trend = breaking their Support = Price below the 200 EMA = Positibe news For USD Coming soon (Bad for Gold) = Proper Price action
Bullish Butterfly Buy PRZ - 59282-59338 SL - 50149 Target - 59700/59850/60000
Dear Trader Gold today's Possibility is long never mind one sl hit you don't change your strategy. Gold can give you big returns always use trailing stop losses. best of luck. and others put cost to cost. The orange line is 1/2/3/4 tp target for exm:- in total, you take 4(1+1+1+1) trade if 1 target one achieves 50%(2) book profit and then puts other the cost to...
Dear Trader gold today Possibility Remember gold naver rection his level minimum 50pip clear the liquidity then up or down. so manage your trade with sl enjoy the Friday
All the key points, aspects, and probabilities are clearly mentioned on the Chart. Kindly do your own research before entering. THANK YOU
GBPUSD is right now testing at weekly resistance and also been rising for last 6 weeks . It may seem for correction here at this moment with target at fib. retracement at 61.8 . Stop loss just above the weekly resistance . You can trade accordingly with proper risk management . Also , this week we have BoE interest rate decision in view and also the GDP report on...
Dear Trader gold Weekly Possibility so enjoy The Trade
All the levels are drawn in the chart; please look at them. Gold is in a channel, and it respects the lower channel and price-taking support and bounce. Price need to sustain the channel.
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 Weekly Possibility As per Possility You Can Arrange You Possion Up Coming This Week
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.
on Daily TF double top was formed but the red line is not yet broken. now it seems to be forming double bottom. One can hedge here and wait to break on the either side. Safes can enter on the breakout and retest.
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 ...