Consider a long position in Gold MCX around the current price of 61160. Initiate 30% of your standard position size. Add to your position within the 60960-61000 range. Set a stop loss at 60550 for risk management. Potential profit targets are at 61380, 61600, and potentially 61800 or higher. Please note that this is a suggested approach and not financial advice....
Continuing to consolidate after breaking the resistance level of the triangle. The retest of the support level has formed, but the market reaction is still weak. The market is anticipating news to come in on Wednesday. Market volatility has decreased as traders await upcoming news. The situation in the Middle East has not improved, leading to increased interest...
Hello everyone! Let's explore the Gold market with Samson today. On Wednesday, we have ADP and interest rate announcements. On Thursday, we have unemployment figures. On Friday, we have Non Farm data and news about the war, which also needs to be monitored. But currently, the situation is still unclear as communication has been cut off. You need to be...
The global gold market has witnessed strong buying activity in the past two weeks. Investor demand for safe havens has increased amidst escalating tensions in the Middle East. Gold prices have marked their third consecutive week of gains. At the time of writing, the Gold market is trading at $2000. Based on the 1-hour psychological level analysis chart, $2000...
Gold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades. Stay connected for forthcoming trade ideas. Disclaimer: Trading involves risk, and past performance is not indicative of future...
Israel’s military conducted a “targeted raid” overnight in northern Gaza and vowed on Thursday to continue ground raids in the coming days, as the United Nations General Assembly met to discuss a proposed resolution for a humanitarian ceasefire. Video published by the Israel Defense Forces (IDF) on Thursday showed tanks and armored vehicles, including a...
Gold maintaining the bullish structure and moving higher day by day and now trading above 2000.On Daily TF also it is under bullish pressure and maintaining the HH structure. This week main event is FOMC and before that we can expect some range bound trend but as you know that current gold bullish rally is also supported by middle east war. On Intra day TF watch...
Dear friends, Crude oil prices are forecasted to potentially increase to $150 per barrel. Global inflation is likely to rise to 6.7% in 2024. Instability can quickly push up the price of gold. However, in the short term, gold is facing pressure from a strengthening US dollar. At the time of writing, Gold is trading below the $2000 mark, currently trading around...
Dear readers, The market's attention is currently focused on the upcoming release of the Personal Consumption Expenditures (PCE) index, which is expected to be published on Friday. The data is anticipated to provide further clues about the Federal Reserve's policy meeting next week. Regarding the outlook analysis: Gold, a safe-haven asset used to hedge against...
Dear esteemed comrades, At the conclusion of yesterday's trading session, gold has gained a dominant position in terms of price increase. As of the time of writing this piece, gold is trading below the $2000 mark. In the current context of gold: - Amidst ongoing tensions in the Middle East, concerns about political instability are expected to persist in the...
FOREXCOM:AUDUSD - 4H Analysis Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your...
OANDA:XAGUSD Completion of impulse wave. Broke out of parallel channel. Now I think it's in abc correction. There are possibilities that the silver will form right shoulder of head and shoulder pattern near 50% retracement of impulse wave.
Dear friends, Gold is trading relatively quietly as profit-taking pressure sets in after a recent strong rally. Investors are taking profits as the US dollar shows signs of strengthening. At the time of writing, the price is trading around $1971 - $1972. Regarding the outlook for gold this week: We need to pay attention to the US GDP report for the third quarter,...
Dear friends, Gold is entering a phase of decline as the upward momentum weakens and the $2000 threshold remains unattainable. Trading is currently experiencing a slight decrease on the 1-hour timeframe, reaching a trading level of $1973. The inability of gold to recover this week signals a weakening of "safe haven demand," suggesting that the market is learning...
Hey traders, here's an important update on our Gold MCX positions: We've successfully booked our long position and are currently completely out of our short-term long trade. In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130 , and it's crucial that the price sustains above this...
Hello everyone! Wrapping up this week's trading session, Gold reached the predicted level of $1980. Regarding the analysis of this week's news: In his speech, Federal Reserve Chairman Jerome Powell stated that inflation in the US remains too high and economic growth is slower than necessary to reduce inflation. The comments from the Fed Chairman raised hopes...
TIME FRAME 15 MINS - Cup & Handle pattern seen on 15 misn timeframe while presents Bullish continuations from current price of 1975 towords 2000 soon.. Though time frame is small but it supports to Gold Rally hence has goood importance.. Wish you all best profits and best life.... Dont be bearish for GOLD in condition like war , Study Fundamentals too with...
Dear friends, The situation in the Middle East seems to be far from finding a peaceful solution, and this can potentially sustain the upward trend in the price of gold, despite higher interest rates from the Treasury bond. Therefore, gold has become a new breeze for investors as it becomes increasingly attractive amidst prolonged conflicts and political...