Gold continues to rise today as the market received positive news from the PPI. Currently, gold is trading at a high level since the beginning of the week and reaching a trading level of 1877 USD.
Regarding prospects: The IGCS index indicates that about 83% of retail traders have a long position on gold. This suggests that prices may continue to decline in the...
Greetings everyone! XauUSD is still maintaining its stability above USD 1851 per ounce, experiencing a rise of 16 USD per ounce compared to the previous weekend.
Throughout this week, the market will be eagerly anticipating the release of the US September Production Price Index (PPI) report on Wednesday and the Consumer Price Index (CPI) report on Thursday. These...
Dear traders, greetings! Gold remains steadfast in its price trajectory, currently being traded at 1860 USD per ounce, which reflects a rise of 12 USD per ounce since the early morning.
In light of the ongoing crisis, the value of the dollar has increased in comparison to several other robust currencies. Nevertheless, since the US and Canada markets are closed in...
Hello dear friends! Gold showed little volatility today as the market moved sideways around the range of 1864 - 1854. It is currently trading at 1866 USD. It seems that the market is focusing on the upcoming PPI and USD news to be released today and tomorrow. This could be important news for gold at this time.
For this reason, gold buyers are expected to push the...
The recent conflict in the middle east and the technical has led to this great bullish move , but in the near future we may see a correction move before going up .
I believe 1880-1895 is a great place to take a short position for the take profit to 1935-1950 .
with a stop loss at 1905
Happy Trading
#Xauusd #gold
Dear beloved friends, Gold continues to rise as predicted and is currently trading at $1882. The main reason for this is the news from last night, which caused the USD to cool down and retreat to a defensive level. Let's delve into the technical analysis a bit:
Gold is facing a challenge near the $1900 region (resistance level). It is highly likely that after...
Elliott wave analysis:-
Impulse wave formation has been formed.
1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. .
if this wave has not broke above the 5th wave then we can go for short at CMP.
stoploss@22.24201
if pattern failed then we have to wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a...
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...
Gold Price reverses the post-US inflation retreat from a two-week high as market players await more consumer-centric details on early Friday. In doing so, the XAUUSD bounces off 100-SMA and justifies the firmer RSI (14) line. However, bearish MACD signals will join a two-month-old horizontal resistance area surrounding $1,880-85 to provide a tough fight to the...
Friday's price action
a) brought the price precariously close to the descending triangle breakdown
b) Trendline recapture miserably failed and confirmed the breakdown
Both (and 2 other EW based factors) points towards price reaching green zone after break of blue zone.
The momentum oscillator is also no-where near the oversold zone and indicating some more...
Elliott wave analysis:-
View 1:-
if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern.
View 2:-
If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave.
i am not a...
Gold prices rose again today following an unexpected military attack by Hamas on Israel over the weekend. This event has increased the demand for gold as a safe haven. Currently, gold is trading at $1855.
However, the rise in US interest rates continues to pose a challenge for gold. In order to see a significant increase in gold prices, the market will be closely...
Hello to all my beloved companions!
Today, the price of gold got off to a promising start as it traded at its highest level in many months, reaching $1832 USD. This positive momentum was fueled by anticipated good news from the United States. The precious metal experienced a turnaround due to optimistic employment data, which suggests that the US Federal Reserve...
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we buy Call and my Target is in Video
Dont buy any trade without stop loss
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Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
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Greetings, everyone! Today, as anticipated, the price of gold remains on a downward trajectory.
The precious metal is facing challenges in terms of increasing its value, which may result in the US Federal Reserve (Fed) maintaining higher interest rates for an extended period.
Consequently, sellers are likely to exert further pressure on gold prices, currently...
Hello everyone! The 45-minute prime time period appears to be relatively stable compared to yesterday's trading session. At the moment, the price is hovering between USD 1829 and USD 1812. Currently, it stands at USD 1819, experiencing a slight decrease of 0.05% per day.
Today, there will be news surrounding the US non-agricultural payroll data which will impact...
Hello everyone!
Gold continues to maintain its record low today. The price of gold globally fluctuated between 1,820 and 1,830 USD/ounce last night. As of 6 a.m. on October 4th, the current price of gold is trading at 1,824 USD/ounce, which is a slight decrease of 3 USD compared to the previous day's price of 1,827 USD/ounce.
According to the Federal Reserve...
