FOREXCOM:XAUUSD
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...
Today we will have very important USD news: ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices and in the early morning of November 2 there will be 3 more news: Federal Funds Rate, FOMC Statement, FOMC Press Conference but This news is likely to have a big impact on gold, so we need to pay attention to orders when the news comes out
According to...
Reason For Uptrend Continuation
1. Breaked the Downtrend line
2. breaked 1960 and retest the Support and make ATH
Overall Possible outcomes
XAUUSD BUY @ 1950-60
SL 1933
TP 1 12000
TP2 2000
Gold prices (XAU/USD) hovered around $1,950 after retreating from the two-month high of $1,962 in early Asian trading on Thursday. The precious metal's rebound was bolstered by escalating political tensions in the Middle East, driving the flow towards safe-haven assets.
Meanwhile, the US Dollar Index (DXY), measuring the USD against six major currencies, rose to...
FOREXCOM:XAUUSD
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...
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...
Gold could stage a rebound if $1,810 support holds
Gold is currently consolidating its losses from the past week and is trading at its lowest level in seven months, below $1,820. Despite this, the overall bullish sentiment surrounding the United States Dollar (USD) remains strong, primarily due to the significant increase in US Treasury bond yields. As a result,...
Reason Behind the Sell
1. Bearish Spinning Top the further Sell side Movement towards Swing low of 1905
2. Symmetrical Triangle Bearish Continuation and Sell trend Expected teh breakout and TReady for strong Sell Movement
3. Obey Resis ,Trendlien and retest the previous High
Overall Possible outcome
XAUUSD SELL @ 1940-45
TP1 1905
TP2 1965
Reason For First Bullish
1. Inverted Bullish Hammer
2. Fake Bearish Spinning Top wgich make the retracement towards the Nearer Resis 1937-40
Reason For FALL/SELL
1. Double Top Formation @ 1940
2. Obey Strong Resistace and trend lINE @ 1940
3. Symmetrical Triangle Breakout Over Sell region Expectecd
Over Possible Outcomes
XAUUSD SELL @ 1935-40
SL 1955
TP...
Reason Behind the Sell Projection
1. Market Clearly on Strong Downtrend.The Bearish Spinning Top candle Stick Pattern Confirms the further Sell Movement towards 1890 which last week Low
2. Fibo retracement Indicator indicates the assset reach the swing High 1924-1930 and then Make continuation of trend
3. Breaked the support @ 1915 and retesting teh area Again...
Reason Behind XAUUSD Buy Limit
1. Clearly Obey the strong Support @ 1850 which is 8 month Low
2. Obey the Downtrnd Line and retest the trendline High of 1930 which is Upper Line
Overall possible Outcomes
XAUUSD BUY @ 1850
SL 1830
TP 1930
The world gold price today listed at 1,917 USD/ounce, down 10 USD/ounce compared to the early hours of the morning.
The world gold price continued to decline today as the dollar soared after China released many disappointing economic data.
Besides, the US economy is making strong recovery steps. The growth rate of 2.4% in the second quarter of 2023 exceeded...
Fed interest rate instability causes gold to plunge seriously, Fed officials offered different views on future rate hikes by the central bank. Fed Governor Michelle Bowman said on Monday that more rate hikes may be needed to bring inflation closer to the Fed's annual target range.
on the 4-hour chart, we can see gold's bearish momentum developing, 1900 round...
Inflation is expected to have picked up again after a sharp decline in June- a scenario that could push up expectations of more interest rate hikes from the Federal Reserve.
Gold is expected to retreat further on a strong inflation reading, while the dollar is set to appreciate.
The prospect of higher-for-longer U.S. interest rates has weighed heavily on the...
Some signs of recovery in the US manufacturing sector and construction spending boosted the dollar, as markets worried that the resilience of the US economy would give the Fed enough room to keep increasing. interest rate.
This concept has influenced the price of gold and most other metals, which can be lost in a higher interest rate environment.
The dollar's...
Reason Behind XAUUSD/GOLD Sell
1. Last Week Rejection Over the Resistance @1980 which make the Formation of Clear Neew Downtrend Channel
2. Bearish Engulfing Candlestick Pattern Make positive for the Sell Movement Over the last week Support over 1940 which is our support and make lower as per our expectation to 1910
3.Continuation of Last W pattern still...
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...
