Gold is seeking for Big Players to short and to trap buyers from here. Retailers are trying to push gold above 1980 and even above 2000 but they(MM) have some other plans. Retailers did not come out from the mindset of buying, but there is still a chance for buyers if war escalates. Fundamentally and Technically gold is down. Stay updated!!
Short Recap - Gold had good rally from 6th oct , to the upside from 56500 to 61250 Currently - price is hovering around the higher time frame bearish order block which is resulting a resistance phase to gold price from (61500 to 60500 zone) there is been a internal CHOC (trend change) from bullish to bearish although the bearish continous will be confirmed...
Today, gold on the D1 stochastic chart has fallen sharply and the histogram has begun to shorten. Yesterday, gold formed a marubozu candle. It is likely that today's candle will be a bullish candle. On the weekly chart, stochastic has in the overbought area and starting to show signs of decline, so today we will BUY 1969-1970 and cut short loss at 1967, we will...
Today we will have very important USD news: ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices and in the early morning of November 2 there will be 3 more news: Federal Funds Rate, FOMC Statement, FOMC Press Conference but This news is likely to have a big impact on gold, so we need to pay attention to orders when the news comes out According to...
Currently, gold is still fully above the H4 framework price increase channel. Unless gold breaks out of the upward price channel, the trend for gold will still be up. Conversely, if gold breaks out of an upward price channel, the trend will be bearish. On the daily chart, the histogram is still rising and no such deviation is seen on the daily chart. Even...
after upmove price is making side ways it can be continous for next up move there is a level 58450-60 around for buyers liquidity might retest this or else 59450 can trade breakout for the target of 60600
* IM NOT IN FAVOUR TO SHORT INSTEAD WAIT FOR VALUE BUYING AREA* gold has breached all of its recent support and this fall looks like free fall maybe because of dxy rising 57460 and 56300 will be very important level base on previous trend low to recent high fib retracement of 0.6 and 0.7 golden zones are appearing on exactly on our fair value area WILL UPDATE...
Gold price (XAU/USD) witnessed an intraday turnaround from the $1,885 region, or over a two-week high and settled near the lower end of its daily range on Thursday. Consumer prices in the United States (US) rose more than expected in September and lifted expectations that the Federal Reserve (Fed) will keep interest rates higher for longer. This led to the sharp...
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas. When price come to these area we can expect either reversal or breakout from the given area's. So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
Gold has not stopped falling when the USD is very strong and US Treasury bond yields are at their highest in 16 years, both of these factors show no signs of decreasing. Metals market bears are jumping on the “higher for longer” US interest rate scenario. Benchmark 10-year Treasury yields are at their highest level since 2007. ✔️ XAUUSD BUY 1820-1822, SL:1918,...
⚡️ The XAU/USD saw ongoing losses accelerate through Friday trading, dipping to $1,850.00 and continuing to churn out new lows for the day to cap off a trading week that has seen only losses for Gold. ⚡️ Gold spot prices are down almost 4% for the week and continuing to grind lower. The XAU/USD is in the red over 5% from the mid-September swing high just shy of...
Gold can fall to the level of 56097 with a small resistance at 56815 in the short term. Short term is negative on Gold and can wait for level 56000 to buy if it consolidates at this level. Otherwise buying can be seen only at 55000 level in short term as of now. This is for the short term and will wait in case further downside is seen even after reaching the 55000...
Looking ahead, if risk-aversion intensifies, the US Dollar uptrend could see a fresh leg higher, exacerbating the pain in the USD-denominated Gold price. However, all eyes remain on the US Q2 GDP revision, Jobless Claims and Pending Home Sales for a fresh directive. Markets will also eagerly await a speech by US Federal Reserve (Fed) Chairman Jerome Powell due...
⚡️Gold prices fell to a more than one-month low amid sustained USD buying and bets on Fed interest rate hikes. ⚡️Gold price drifts lower for the third straight day and drops to over a one-month trough. The Fed’s hawkish stance continues to underpin the USD and weigh on the commodity. A weaker risk tone fails to benefit the safe-haven XAU/USD or provide respite to...
The Gold market experienced significant volatility last week as news of the US interest rate pushed prices without any substantial breakthrough. On Wednesday, Gold approached resistance around 1945 and then sharply declined when the Fed announced interest rates. The high USD interest rates will exert strong pressure on the financial market until the end of...
Gold price remains under some selling pressure for the second successive day on Tuesday – also marking the fifth day of a negative move in the previous six – and drops to a one-and-half-week low during the Asian session. The XAU/USD currently trades just below the 1,915 level, down over 0.10% for the day, and seems vulnerable to weaken further in the wake of...
Gold prices fell as US Treasury bond yields increased and reached their highest level in many years. DXY index reached its highest level in 6.5 months. The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 106.4 points. Daniel Ghali, senior commodity strategist at TD Securities, said investors should pay close...
The Fed has emphasized the importance of maintaining higher interest rates for an extended period to bring inflation back to its 2% target. This stance has raised market expectations for at least one more 25-basis-point rate hike by the end of the year. Additionally, the Fed's "dot plot" now indicates only two rate hikes in 2024, down from the previous projection...