Dear friend, Today, the price of gold in the market has fallen after reaching its highest level in the overnight trading session at $2,050 per ounce, marking the most significant decline in three weeks. The drop in gold prices is due to a sharp decrease in the number of US workers filing for unemployment benefits for the first time in the last week of 2023. On...
Gold price stays defensive while keeping the previous day’s recovery within a seven-week-old ascending triangle, floating above 100-SMA during early Friday. In doing so, XAUUSD braces for the first weekly loss in four. However, a steady RSI (14) line and an impending bull cross on the MACD suggest a continuation of the latest rebound, which in turn highlights a...
What's happened today? Best entry this month There have ob the market mitigate there then reverse the market Ob + liquidity
-The Price is struggling in the supply zone, which is around 2070-2090 -Before jumping to the resistance area, the Price needs to retest the 2040-2010 demand zone -The overall trend is bullish, and buy on dips
Gold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar. This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to...
Gold price snaps a three-day winning streak within a fortnight-old rising trend channel while positing mild losses near $2,065 during early Wednesday. In doing so, the XAUUSD justifies the overbought RSI (14) line and the sluggish MACD signals. However, the pullback moves remain elusive unless breaking the $2,042-41 support confluence comprising the stated...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 ,5 ,10 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Reason Behind the Bullish 1. Bullish Inverted Hammer In Single Candlestick Pushes Higher 2. Three Outside Up candlestick Make the Buying Pressure and make continue of Uptrend 3. Breaked the Support 2045-50 last Week Overall Possible Outcomes XAUUSD Buy @ 2030-45 Sl 2015 TP 1 2060 TP2 2090 TP3 2150
Bullishness in gold is highly expected for several reasons: 1. It is the month of December, which has lower volume, making it susceptible to manipulation by institutions. 2. Fundamentals favoring XAUUSD, such as CPI and cuts in interest rates by the Fed, contribute to the expected bullishness. 3. The market has already reached a new high at 2148 and...
Symbol Xauusd. Or gold spot TIMEFRAME 15 min /30 min Analysis Breakout strategy We can expect a Target of 2070 or 2090
Gold price braces for the second consecutive weekly gain despite sluggish trading ahead of the Federal Reserve’s (Fed) favorite inflation gauge, namely November’s US Core Personal Consumption Expenditure (PCE) Price Index. In doing so, the XAUUSD pokes a two-week-old ascending resistance line, around $2,055 by the press time. Apart from the stated trend line...
FOREXCOM:EURUSD 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 watchlist and see if...
FOREXCOM:AUDUSD 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 watchlist and see if...
FOREXCOM:GBPUSD 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 watchlist and see if...
* Gold Price Movement: Gold prices are uncertain and fluctuating. * Upcoming Data Release: The market is waiting for the US core PCE price index data for November. * Fed Bostic's View: Atlanta Fed President Bostic sees no urgency for interest-rate cuts, emphasizing the strength of the US economy. * Fed Barkin's Approach: Fed's Barkin is data-dependent for rate...
Bullish Bias: Weekly chart indicates a bullish bias for Gold. Relative Strength Index (RSI) comfortably above 50. RSI-based 20-period Moving Average provides additional support. XAU/USD remains within the upper half of a long-term ascending regression channel. Key Levels: Interim resistance at $2,060 with 61.8% Fibonacci trend-based extension. ...
According to my analysis of today's gold trend, there will be a recovery at the 2030 price range and gold may go down again and start Sideways at the 2020 range.
Fiday’s pullback in Gold price from near 8-day highs of $2,048, the path of least resistance still remains to the upside. The daily technical setup for Gold price will continue to favor bullish traders so long as the 14-day Relative Strength Index (RSI) indicator holds above the midline and the price manages to defend the 21-day Simple Moving Average (SMA) at...