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...
-Trend is upside as per the current scenario -The demand zone is 2007-2019, Supply zone is 2038-2050 -Long near 2008-2008 and SL 1999 TGT 2040
Reason Behind Bearish Setup 1. Bearish Engulfing Formed in Double Candlestick Pattern 2. Bearish Spinning Top Pushes to Sell 3. Retest Lower Trendline @ 1980 Overall Possible Outcomes XAUUSD SELL @ 1927-30 SL 2050 TP 1 2010 TP 2 1980
Gold price remains pressured at a three-week low, after declining in the last three consecutive days, despite a nail-biting wait for today’s Federal Open Market Committee (FOMC) monetary policy meeting, especially after the previous day’s US inflation numbers. In doing so, the yellow metal takes clues from Friday’s downside break of horizontal support, now...
Gold hit an ATH of 2148.9 and the last week was too dramatic for bulls but its time that bulls are gonna gain control and keeping the upcoming data this week(11 dec) gold hit its 50% fib retracement which might act as a strong support and good correction for xau Also keeping in mind the economic condition of the global economy gold looks strong. MY PERSONAL...
The gold price has recently dropped below the psychological $2,000 mark, indicating a bearish trend after breaking the 61.8% Fibonacci retracement level of the November-December rally at $2,012-2,010. Daily chart oscillators are losing positive momentum, supporting the possibility of further declines. The next potential support level is the 50-day Simple Moving...
On Friday, the highly-anticipated US Nonfarm Payrolls (NFP) rose by 199K in November from the previous reading of 150K. Additionally, the Unemployment Rate declined to 3.7% from 3.9% in the previous reading. Average Hourly Earnings held steady at 4.0%, matching market expectations. Finally, the preliminary University of Michigan Consumer Sentiment Index for...
Gold price prints mild gains around $2,030 during a three-day winning streak as traders await the US employment report for November, mainly the Nonfarm Payrolls (NFP) numbers. Even so, the yellow metal portrays the first weekly loss in four while struggling to defend the bounce off 100-EMA and an ascending support line stretched from early October, around...
- Gold is currently trading in a bearish trend - Do not trade either side market can deleverage you - Keep a close watch on DXY - Let Gold mitigate 2035-2050 first - This can be a zone to pull off some good shorts in Gold - Wait for the execution and do not rush over it - I am bearish on GOLD
FOREXCOM:GBPAUD 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 prices (XAU/USD) climbs to an all-time high above the $2,100 psychological round mark during the early Asian session on Monday. The speculation that the Federal Reserve (Fed) has reached its peak of the rate hike cycle boosts yellow metal demand. Gold price attracts some buyers above the $2,100 mark and has reached the record high of $2,148. At the time of...
XAUUSD pair is currently trading in a critical price range, specifically between 2075 and 2080. This analysis aims to provide a bearish perspective on the market conditions within this price bracket. Technical Analysis: Resistance Levels: The price range of 2075-2080 has historically acted as a significant resistance zone. Multiple attempts to breach this level...
Good is the most secure ingesting got any invested and thus has a very critical position in the market. USD on the other hand is the most traded currency around the world. No matter what trades take place, be it oil, metals or commodities, gold plays a very vital role. We have seen a steep jump in the gold and a steep fall on USD which clearly indicates that...