-The Gold is not able to hold the 2000 mark, and after making the triple top, which is the bearish sign, now lands below the 1950 psychological level -The LTP is 1937, which means again it will touch the previous week's low, which is near 1900-1880 -There is a slight bounce change near 1911-1905 for 1940-1950, but this is a short opportunity if the price remains...
In the short term and based on the 4-hour XAU/USD chart, we can observe that the bullish side is once again testing the level of 1954 USD. However, a retreat at the level of 1953 USD would push the gold price to seek the resistance level of 1960 USD once again before further decline is expected at the level of 1945 USD.
Today, the price of gold continues to move away from the $2,000 range, which it has been trading around since the beginning of the week. Currently, the precious metal is trading around $1,951. Here are some important pieces of information: Factors contributing to the decline in gold prices: - The current operating interest rate in the US is at its highest level...
Samson, hello everyone! Currently, Gold (XAU/USD) continues its efforts to achieve any meaningful recovery in European trading session, currently trading at $1949. Some officials from the Federal Reserve this week have given mixed signals about the future path of interest rate hikes, which has led to money flowing out of the yellow metal, resulting in no profit...
Dear friends, Gold has put an end to its three-day downward trend. The escalating political tensions in the Middle East have increased the demand for safe haven assets like gold, despite the higher interest rates on US Treasury bonds. The XAU/USD price is currently trading around $1,958, showing a 0.03% increase for the day. According to previous analysis, the...
copper is in side ways on the major time frame for smaller time frame we can opt to trade buy low sell high tactics on the lower time frame we had a long upside trend then price went to small sideways days as a buildup it looks good and on the contary there will be chance price creating a pullback on the breakout from upside we will avoid as there will be...
Hello everyone, Gold (XAU/USD) continues to decline for the third consecutive day on Wednesday, currently trading at $1966 and losing 0.12% for the day. However, the precious metal is trying to hold above the two-week low around the $1957-$1956 area touched on Tuesday as traders await clearer guidance on the Federal Reserve's interest rate path before making new...
Silver MCX is in a downtrend and could be sold around 70,555. Targets are 68,750 and 67,500. Place a stop-loss above the recent swing high. Please note that this is just a trading idea and not a financial recommendation. It is crucial to conduct your own research and consider your investment goals and risk tolerance before making any trading decisions.
Potential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short. Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and...
As per price action we can see that price is falling from the weekly open and printed 3 big bearish candles and bulls not able to push it above the pivot level, today also price trading under the daily pivot which is in bears favour. For bulls watch current price zone (1945-52) it is support zone as per VP. Next support level is at 1933 (Fib retracement Level). on...
the 3rd oct uptrend is more likely a pullback from the previous downtrend that we had analysed and played well currently the price has reached to the fib golden zone of 0.6 and 0.7 and there is another confluence of previous rejection zone price started making lower high and lower low 68000 - 67000 will be area of order blocks lets wait for the price to...
Samson, Hello every one! The gold price did not surpass the resistance level of $1,990/ounce last night and had to decline. As of 6:00 AM on November 7th, today's gold price was trading at $1,977, a decrease of $8 compared to the previous opening price, and it has continued to decline to $1,970 at the time of writing. In this context, the unexpected increase in...
The price of gold is currently experiencing a gentle recovery after receiving support at the $1965 USD level, and is now trading at $1970 USD at the start of the morning session. In terms of news impacting gold: The new influx of US dollars has caused XAU/USD to drop to $1,956.65 per troy ounce on Tuesday, with the precious metal trading in the red at around...
Gold continues to decline, moving further away from the 2005 USD level since yesterday's trading session. At the time of writing, the price is trading at 1983 USD, providing clear evidence of the downward trend. Forecast: The upward momentum of gold is being hindered by various factors, including loose monetary policies implemented by several countries...
Gold prices fell today in the context of the unexpected increase in the USD Index from 104 points to 105 points. This has given impetus to the USD to appreciate against 6 other major currencies, including the Euro, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), SEK (Swedish Krona), and CHF (Swiss Franc). Meanwhile, the 10-year US bond yield...
Gold price remains pressured at the lowest level in two weeks, down for the third consecutive day, as market players await Federal Reserve (Fed) Chairman Jerome Powell’s speech. That said, a downside break of the 100-SMA joins the bearish MACD signals to keep the XAUUSD bears hopeful. However, a bull flag chart formation defends the commodity buyers unless the...
Samson, hello everyone! Last week, we received a lot of significant news, including the Fed's interest rate decision. Despite that, gold has maintained its strong upward momentum, trading around $1985 per ounce in the past week, with a few small touches of $2000. Currently, gold has paused at $1992 and shows no signs of stopping its price rally, indicating its...
Hello everyone!! Today: Gold prices touched the $1990-1991 mark at the beginning of Monday and performed well in an upward trend on the 4-hour chart. Instead of worrying about the Israel-Hamas conflict, the market will now shift its focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for gold's...