At the start of the week, gold prices saw a decline due to stronger U.S. Treasury yields and a rebound in the U.S. dollar. This led to a moderate pullback from its recent peaks, although the price of gold still remains relatively high historically, influenced by persistent economic and geopolitical uncertainties.
Analysts predict that gold prices may rise later...
Current Market Situation
Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level.
Scenario 1: Immediate Upward Movement
In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance...
Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.
Technical analysis from TradingView highlights that gold recently touched $2,360 and even approached $2,380 before facing some resistance and correcting downwards. Despite this, the sentiment remains that a round bottom pattern may indicate potential growth in prices, with key levels being watched at around $2,365 and $2,379 (TradingView).
The ongoing...
Technical Analysis
Support and Resistance Levels:
Support Level at $2400: This level has proven to be a strong support as prices have rebounded after reaching this level. It indicates that there is significant buying interest at this price point.
Resistance Levels: As gold moves up, the next resistance levels to watch would be around $2450 and $2500. These...
In this chat you can see the trendline
The prise crossed the trendline lable
Its mean the prise breaked the trendline
And its also itts breaked the rectangle small zone
It will take time to break fully
But..
After full breakout a good fall momentum will shown in gold
So keep in your mind
This can break
Stay connected with gold
Watch in lower timeframe
After a...
As we are able to see gold is moving in bullish channel. till the time gold is moving above
2330 we can see 2355 2364 2374.
Below 2330 again we can see 2310 2300 2290 2285.
Plan accordingly, Happy Trading. 😉😉😉
It's showing a fall due to these reason
It's retracted the support after the breakout
2.its getting support from neckline plus support making it's more stronger due to double support
3. The trendline also giving a support
4. Overall meaning is it's getting support from three point mean it's a good situation for buying
A good move gonna show here
Just grab out...
In the realm of finance, few assets possess the timeless allure and steadfast value that gold embodies. As a financial analyst delving into the intricate tapestry of investment landscapes, I find myself drawn to the enigmatic brilliance of this precious metal.
Gold, often heralded as the ultimate store of wealth, stands as a symbol of stability amidst the...
GOLD/USD March FINAL WEEK PLAN...
In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160...
Which is buy correction zone(BUY FLIP ZONE)...
EXTREM BUY ZONE IS still there 2152-2146
I am looking for buy because of below mentioned points:
1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area
2.In 30M Awesome...
FOREXCOM:EURUSD
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...
pervious analysis success is success...
DAY doesn't confirms the sell...
gold cross 2170 before
touching 2145.03....
wait for correction and take a call...
huge profit we made...
stay tunes i will update tmr...
Reason For Bearish/Sell
1. Bearish Shooting Star Formed
2. Bearish Spinning Top in Previous Day Candle
3. Bearish Engulfing Formed In last week
4. Obeyed Strong trend
Overall Possible Outcomes
XAUUSD/GOLD SELL @ 2160-2170
SL 2210
TP 2140
TP2 2080
TP3 2040
Why We Think the Price Might Drop:
1. The price is hitting a trendline around 2195-2205 .
2. We expect a correction after a big increase in price.
What Might Happen Next:
Overall, it might be a good idea to sell XAUUSD when the price is between 2200-2210 . We're aiming for targets around 2145 and 2085 afterwards.
