Currently Price is at the Volume bubble and can burst in any side
US inflation is still trending well above the Fed's annual target, which is still likely to signal at least one more rate hike this year. Rising interest rates are bad for non-yielding assets like gold, as they drive up the opportunity cost of holding gold. This trade has broken gold until 2022 and has limited the yellow metal's gains so far this year. SELL...
Gold prices fell slightly on Monday as anticipation of a key Federal Reserve meeting kept investors wary at the start of the week, while copper prices fell sharply on concerns about slowing demand. The dollar rally, ahead of the Fed meeting, also weighed on metals markets, with the greenback pulling further from 15-month lows hit in early July. SELL XAUUSD zone...
Reason Behind XAUUSD Sell 1H 1. Market Clearly in Downtrend in 1H time frame 2. Restesting Yerterday and Major Support @ 1952 3. We entered the trade @ 1962 which is our major Resistance 1 4. Stochastic Overbiught in 1H 5. RSI 14 around 50 which Makes the bearish trewnd in 1H Overall Possible Outcomes
Gold Sell now down trend sideways breakout already. Target will be act as next support once reached.
The yellow metal has found support above $1,950, keeping it above year-to-date lows and within sight of a record high. But gold prices stalled around these levels, awaiting fresh signals from the central bank ahead of next week's closely watched Fed meeting. The prospect of interest rates staying higher for longer also limited the outlook for gold, as well as...
World gold price on the first day of the week tended to decrease with spot gold down 1 USD compared to last week's closing level to 1,953.4 USD/ounce. Last week, the world gold had a 2nd consecutive week of gains when the published inflation reports reduced expectations of interest rate hikes by the US Federal Reserve (Fed). Kitco's recent survey results show...
Gold price reverses the previous week’s retreat from an eight-week-old descending resistance line, grinding higher past the 100-bar Exponential Moving Average (EMA). However, the nearly overbought RSI (14) suggests another pullback from the aforementioned immediate resistance line, near $1,962 at the latest. With this, the XAUUSD is likely to break the immediate...
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My analysis based on COT data and liquidity. I have observed the increase in long and net positions and marked demand zones accordingly. This analysis is for 17th july
Reason Behind XAUUSD Sell 1. Last Week Core CPI News Make the Asset to Move higher fundamentally whixh make the Break Resis 1940 and Later 1950 and presently located @ 1960 Which Over Immediate Support 2. Clear Rejection Over W Pattern due to Tecnical fIbo retracement @ 1980 which is also our Previous Support which react as major Resis Now Overall Possible...
Gold price rises to the highest level in a month after crossing a convergence of the 200-SMA and a six-week-old descending trend line, around $1,940 by the press time. The breakout joins bullish MACD signals to keep XAUUSD buyers hopeful. However, the overbought RSI (14) conditions suggest limited upside room, which in turn highlights a horizontal resistance area...
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...