Stay bullish on Gold, each dip is buying opportunity Support at 1909 Resistance at 1931
The price is ready to retrace to the demand zone. Before going to the upside. Possibility of the double bottom near the deemand zone The reversal will happen after touching the 1st or 2nd demand zone
Hello Traders! We see a test of the 2080 resistance level once again. Weekly and daily ranges are marked on the chart. The market is in premium zone on the weekly and Lower High (LH) picture is maintained on the daily. Also, we're in a discount zone on the daily . Hence some retracement to equilibrium and the daily bearish order block (OB) is...
Gold prices fell during the midday trading session in the US on Thursday following the better-than-expected ADP employment report, which showed double the expected increase in job numbers. The report pushed the US dollar index up from its overnight low and also raised US bond yields. In the end, August gold dropped by $10.50 to $1,916. The June ADP report in the...
With a clear U-turn from the 100-EMA, Gold price again hits the key support around $1,895 comprising the 200-EMA and an upward-sloping trend line from late November 2022. That said, bearish MACD signals and downbeat RSI join the market’s risk-off mood to offer extra incentives for the XAUUSD bears. With this, the Gold sellers are more likely to take out the $1,895...
Gold prices in Asian trading on Wednesday dropped below the modest gains from the previous day, hovering around the $1,930-$1,931 range or weekly highs. The precious metal traded around $1,924-$1,923, a decrease of less than 0.10% for the day, as traders eagerly awaited the latest monetary policy meeting minutes from the Fed. The Fed has indicated the need for a...
The gold market surged to new highs after the U.S. manufacturing sector contracted for the eighth month in a row in June. The Institute for Supply Management (ISM) manufacturing index dropped to 46%, below the expected 47.2%. This index measures economic growth, with readings above 50% indicating growth. In April, there was a sixth consecutive contraction. As a...
Gold prices ended this week at $1,910, a $17 decrease from the beginning of the week. In June, gold experienced a sharp decline, with spot gold dropping $42.6 and future gold dropping $52.7, marking the worst month since Q3 of last year. Despite briefly dipping below $1,900 this week, gold managed to hold onto this important psychological level and prevent...
Gold prices have been declining recently due to the possibility of interest rate hikes by the Federal Reserve. The upcoming meeting of the Federal Open Market Committee (FOMC) on July 26 is eagerly awaited by market participants for the central bank's decision. The latest minutes from the previous FOMC meeting showed increasing sentiment among Federal Reserve...
DXY waiting for FOMC minutes, this structure can break out on either side and we can get a good move in the direction of the breakout, let's see if we can get a reflection of the move on gold or not.
A Global Level of Imbalance (H1) has formed. (+) An imbalance of M15 has formed at the upper boundary of the H1 Range. (+) The price is higher than the market opening. (+) Resistance is the zone of imbalance of the open interest of stock options. (+) input: 1927.43 (input on imbalance test) stop: 1931.02 tp-1: 1923.81 tp-2: 1916.52
XAUUSD 4Hr Bear Market structure Full idea The current price Running XAUUSD is 1930 As per Fibonacci retrace tool the price is almost reached 50% retrace area Now the seller zone is 1930 to 1938 The structure is almost complete Major 1st Choch at 1970 Major 1st BOS at 1932 Here is major 2nd BOS meet-up area is at 1896 then target and retrace area is...
From these two zones you can take buy and sell trade easily. They will give 10-20 pips confirmed profit. Note: Dont open trade on news Time.
All time Low @20.540 All time High @2075.282 03Aug2020 in Black color. There's a pullback on 07March2022 in Red color. We can see here a Extrem POI on XAUUSD @438.184 - 410.486 is not mitigate yet but sooner or later price will come down to mitigate. I have marked five POI the last POI is @1226.477 - 1161.197 on 01Aug2018 01Sep1999 we saw a Bull Run {Bullmarket}...
Gold has been falling on parallel channel since Mar'22 high. Anytime this channel is broken that could be nice move until then enjoy the channel
I Have Marked five POI on weekly TF to take entries on BUY side. So you can see my last POI @1859.207 - 1802.859 that's POI for LONG. We can see a Rejection on 04May2023 @2067 price was not able to touch previous Rejection level @2070.630 Now Price is coming to mitigate @1859.207 that POI is for LONG position. After mitigation we can see a new High on XAUUSD
Gold prices stood at $1,927, increasing by $6 compared to the previous week's closing. The precious metal experienced its strongest percentage decline in four months. Gold is facing downward pressure due to a stronger USD and the cautious stance of US Federal Reserve officials, with no signs of recovery yet. Kitco's gold survey this week shows a decrease in...