The last week, XAUSD showed weakness, but on Friday, due to an event , price retrace near to supply zone. There decided zone near 1956-1962, above 1962 closing we can see another spike up and the chance to reach to 1980-1985 or above. If 1962 does not break, then search for a selling opportunity to sell and test the 1904-1895
Bullish Butterfly In Silver Buy PRZ - 72638-72617 ( Activated ) SL - 72300 ( 15 mins candle close ) Target - 73450/73700/74000
Bearish Harmonics In Copper Using As Buy Opportunity. Sell PRZ - 783.6/786.6 SL - 799 Target - 755/745 If Breaks 799 then next PRZ - 812.4 SL - 815 ( Day Closing Basis ) Target - 770/757 If Breaks 815 then next PRZ - 863.95 SL - 886 ( Day Closing Basis ) Target - 802/782
Failure to cross a nine-week-old horizontal resistance drags the Gold price back an upward-sloping support line from late February, close to $1,920 at the latest. Adding strength to the downside bias is the falling RSI line and bearish MACD signals. However, the RSI line is below 50.0 and suggests bottom-picking, which in turn highlights the stated trend line...
As you can see on the chart that the price is moving in a very narrow range and waiting for NFP data, we can see a good move today after the data.
SELL gold. if you wish to get more trade updates message me or comment below.
Gold is in a very decisive phase. The movement from here can decide the trend for next couple of days. While 1940 is the important support, if this breaks we can see substantial downside in Gold. Holding on to 1940 levels can act as a support for another 30-40 points up which is the nearest resistance for it.
Metal index is approaching levels from where it has been rejected twice. Will it breakout this time. watch the chart and make ur analysis.
SILVER FUTURES-Ready for 100K above 78300 with SL 67400
Gold or Nasdaq: What to Short this Week? For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops...
XAUUSD Intraday Trade Idea Gold Currently trading in range so we can use the current SNR zone to find entries on intraday .
we can see falling wedge with vcp pattern with consolidation in this script with good divergence, if this resistance is taken out we can see all time high
Reason Behind XAUUSD/GOLD Sell 1. Last Week Rejection Over the Resistance @1980 which make the Formation of Clear Neew Downtrend Channel 2. Bearish Engulfing Candlestick Pattern Make positive for the Sell Movement Over the last week Support over 1940 which is our support and make lower as per our expectation to 1910 3.Continuation of Last W pattern still...
Hello Everyone welcome to Trading Idea, today we are updating chart of gold or XAUUSD for traders. Here are the details Gold is moving Up in Correction, So this is an Zig-Zag pattern Currently we are in Wave-E which is moving Up as price progressed, it will be clear where it will end. Well there can be further up...
looks like silver is falling in short term and going in correction phase. can go down almost 2% good for shorting in smaller TF.
Despite the Fed-inflicted volatility, the Gold price remains bullish as markets brace for the European Central Bank (ECB) monetary policy meeting. That said, successful trading beyond the 50-EMA and 200-EMA, respectively near $1,950 and $1,904, keeps the buyers hopeful. Also acting as short-term support is the 50% Fibonacci retracement of the pair’s February-May...
My analysis today deals with how the further course of our most popular precious metal "GOLD / XAU" could look like. For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month - week - day) and thus makes the big picture visible. Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of...
Symmetrical Triangle BO formation: Forming from lows of March 2020 and latest last lowest lows of June 2022. Strong BO expected if price sustains above 450 levels for this week. R1: 502 R2: 529 R3: 617-633 Stop Loss: 401