Elliott Wave Analysis:- A up wave was completed and a correction was over. If it continues the upside move then an impulse was already in formation. But if it is a correction was then it will be a connecting wave and the correction will become a correction continuation wave. my view is one impulse was over in this time frame next to w) wave . if it may go...
Greetings, everyone! Today, as anticipated, the price of gold remains on a downward trajectory. The precious metal is facing challenges in terms of increasing its value, which may result in the US Federal Reserve (Fed) maintaining higher interest rates for an extended period. Consequently, sellers are likely to exert further pressure on gold prices, currently...
Hello everyone! The 45-minute prime time period appears to be relatively stable compared to yesterday's trading session. At the moment, the price is hovering between USD 1829 and USD 1812. Currently, it stands at USD 1819, experiencing a slight decrease of 0.05% per day. Today, there will be news surrounding the US non-agricultural payroll data which will impact...
Reason Behind the XAUUSD Bullish Setup 1. Fake candlestick Formation due to Obey of trendline and support @ 1810 2. Double Candlestick Confirms Half Confimations Bullish Engulfing and make the higher Movement 3.Three strike Line formed in trible candlestick and make Bull Movement 4. Hikake Bullish Setup takes the XAUUSD to Higher and breaked 1925 5. Decending...
Gold is Bullish in Daily TF as it's tapped on it's daily time frame and it's giving reaction so we can expect a bullish trend from here. If it closes below it's daily structure level then we can expect huge downfall in gold.
Hello everyone! Gold continues to maintain its record low today. The price of gold globally fluctuated between 1,820 and 1,830 USD/ounce last night. As of 6 a.m. on October 4th, the current price of gold is trading at 1,824 USD/ounce, which is a slight decrease of 3 USD compared to the previous day's price of 1,827 USD/ounce. According to the Federal Reserve...
The price of gold experienced a quiet trading session today, showing no significant fluctuations. Currently, it is trading at $1821 per ounce, which is relatively stable compared to earlier in the day. On the other hand, the US dollar and bond yields continue to pose a threat to this precious metal as all attempts to increase its value are being...
1) Pivot point IS 1820.50 _R1 : 1828.64 | R2 : 1837.27 | R3 : 1845.24_ _S1 : 1795.44 | S2 : 1804.07 | S3 : 1812.04 _ 2) Moving average ( 5, 10, 20, 50, 100, 200) _MA5 : 1822.49(S), 1829.33(E) | MA10: 1851.61(S), 1847.47(E) | MA20: 1886.48(S), 1871.32(E) | MA50: 1907.15(S), 1900.34(E) | MA100: 1926.74(S), 1915.11(E) | MA200: 1927.75(S), 1906.52(E)_ 3)...
Hello everyone! Today, the price of gold has dropped to its lowest point in 7 months. This decrease is a result of rising export benefits and inflation in the US, which is leading to expectations of tighter monetary policy. Gold has been steadily declining since it failed to receive a price increase from $2068 USD and is now trading at $1823. While there have...
Hello everyone, this is Samson speaking! Yesterday, the gold market experienced strong buying pressure as the latest report showed signs of cooling in the US labor market. Despite facing negative pressure from a strong USD and high US bond yields, disappointing employment data has generated some momentum for gold buying as prices rose to positive territory at the...
Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815. However, the 21-SMA upside hurdle surrounding $1,830 and the one-week-long descending resistance line of around $1,840 restrict the short-term upside of the Gold price. It’s worth noting that the XAUUSD remains on the bear’s radar...
PURE PRICE ACTION INTRADY LEVELS ANALYSIS,gold seems like to dip 1800, if any bullish sign appears betwwen 1800-1807 then gold can make some bullish move, but seems like it will range in betwen 1800-1830 levels,for now wait for ENTRY-1829 SL-1832 ...
Hello everyone! Let's explore and discuss with AD! Currently, the price of gold is trading at $1842, the lowest level since March 10, putting the last quarter of this year in a negative state. The USD is strengthening its strong recovery compared to before, reinforced by the recent price increase of the US dollar. Looking at the D1 chart, we can argue that any...
Hello dear traders! What do you think of the new week gold? Currently, at the beginning of the new trading session, gold has decreased slightly 2.5 USD and is trading around 1922.85 USD/ounce. Gold is having difficulty encountering an $ 1925 resistance area. Samson believes this will be a mild price week of this precious metal because it can reach $ 1950 in the...
Hello everyone! Today, the price of gold has once again experienced a downward trend. After falling below the $1,900 threshold, gold has steadily decreased and is presently being traded at $1,818 with indications that it may soon reach the $1,800 range. Increasing US bond yields and a stronger USD are persistently posing threats to precious metals and exerting...
XauUSD is stronger on the weekend and closed higher than the opening day. BUT! The dollar is also strongly looking at the technical picture on the chart, we can see that some main factors are forming and an important area that can give us strong signals. But, it is worth noting that the 1D chart. A discounted candle is formed on the chart, but a large candle has...
From a short-term technical perspective, nothing seems to have changed for Gold price, as a correction from a seven-month trough remains on the table. The 14-day Relative Strength Index (RSI) indicator stays heavily oversold, justifying a case for a Gold price rebound anytime soon. Should Gold price stage a decent comeback the initial...
Let's explore the market today! Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down. Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which...