Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is...
Look at H1 - We see that currently the price is tending to form a triangle correction pattern. - As I said before, the price is currently in a complicated adjustment process, we can only wait for the model to complete to determine the next trend. - And I am also predicting an ABC correction model with the target wave C on the chart with 2 price ranges 2350 and...
Gold prices are recovering after last week's sell-off as the US economy forced the Fed to adopt a more dovish stance. Weak manufacturer inflation data and a rise in initial jobless claims supported lower interest rates. Additionally, escalating geopolitical tensions, such as increased attacks by Hezbollah on Israel and more Russian warships in the Caribbean, have...
Plan trading gold 19/6/2024 Zone Buy 2319 2303 2294 Zone Sell 2332 2355 2377
Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively...
Hello, let's analyze today's gold price! In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable. Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the...
⏩XAUUSD news to pay attention to this week are: Unemployment Claims, Retail Sales m/month, Unemployment Claims, PMI.... This week, the gold market is expected to be quiet without important economic data. Investor concerns will turn to developments and interest rate decisions of major central banks in Europe, including the Swiss Central Bank and the Bank of...
FX:USOILSPOT 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 the...
Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues. Technical analysis: Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum. EMA...
Introduction: This analysis focuses on a sell trade for gold, targeting the sell zone between 2336 and 2341. Our objective is to establish a trading plan with a risk-reward ratio of 1:1.5, ensuring disciplined and strategic trading decisions. Traders can enter a sell position anywhere within this zone. Trade Setup: We have identified a sell zone between 2336...
Good Morning Traders, Till the time gold is moving above 2315 we can see more up levels 2330 22335 and 2345. If Gold will break 2315 and sustain below then only we can see 2310 2302 and 2290 Our preference is buy from Dip and sell from top Plan accordingly, Happy Trading 😉
FOREXCOM:EURAUD 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...
Hello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day. Accordingly, gold prices increased despite the USD...
XAUUSD/GOLD Buy Projection| Morubozu+ Bullish Engulfing + Double Bottom
Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...
Yesterday's news announced to us First, the ppi decrease combined with the unemployment benefits application index increased. Combined with a decrease in CPI, this is beneficial for Gold to increase because the economic situation seems to be weakening, putting pressure on the Fed to reduce interest rates. However, Nonfarm data, specifically the employment index,...
Hello everyone, today the price of gold continues to trade around the psychological level of 2300 USD. Accordingly, gold was not beyond my prediction when it approached 2300 USD to receive new resources around this support area. After the Fed's above announcement, gold lost its inherent momentum, causing the number of investors buying to decrease...
Yesterday we had the Fed's announcement about the CPI index, we saw that this index was 0.3 to 0.4 lower than the previous period. This is the result when the Fed implemented tightening monetary policy in the past. After that, the FOMC meeting announced that interest rates would continue to remain at 5.5%. - This made gold yesterday, after the announcement of CPI...