Reason Behind Bullish 1. Stochastic Oversold in 1H Time Frame 2. Obey 1H Trrend Line @ 2040 Overall Possible Outcomes XAUUSD BUY @ 2042-44 SL 2037 TP 2047 TP 2 2054
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...
World gold prices fell sharply with spot gold down 21.3 USD compared to brightness, falling to 1,828.4 USD/ounce. Gold futures last traded at $1,844.60 an ounce, down $21.50 from the bright spot. The USD reached its highest level in 10 months and US Treasury bond yields increased to their highest level in 16 years, which are factors hindering gold's...
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,...
Let's explore the market today with Ad! Yesterday witnessed gold continuing to decline from $1875 to $1866 in today's trading session. This is the lowest number in several months. High bond yields and a strong USD continue to weigh on the precious metal. With the Fed maintaining its trend of tightening interest rates and the unfavorable market conditions for...
Breaking the 1893 support zone, gold plummeted to 1874 Gold price dropped nearly 40% in just 2 days, this is a huge crisis for XAUUSD traders Is there any chance for gold to return? I am inclined to the trend that gold will return to the 1898-1900 area before plummeting again to form a new "Down Theory". Let's refer to some of the following news: This morning,...
Gold had an uncontrolled downward trend one day when the gold discharge fund made a sudden move to discharge nearly 4 tons of gold. Although all the news is good for gold, it is still not enough for gold to level off. Let's take a look at some news that will affect gold prices right here: Spot gold fell close to the $1,900 mark on Tuesday before recovering...
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
It would be wise to wait for the next strong buying wave before placing new bets on the rise of XAU/USD. Market participants are currently anticipating the release of PMI flash prints, which will provide a fresh insight into the global economy's health. Conversely, this will impact market risk sentiment, leading to increased demand for traditional safe-haven...
Gold remains pressured around $1,925 on Fed's hawkish stance The price of gold continues to decline for the third day in a row, hovering around $1,925 during Asian trading hours on Thursday. As anticipated, the Federal Reserve (Fed) of the United States decided to keep the current benchmark policy rates unchanged at 5.5% during their meeting on Wednesday. ...
This narrative has helped US Treasury bond yields regain their upbeat momentum, with the benchmark 10-year Treasury yield sitting at the 16-yeat high of 4.3720%. The US Treasury bond yield rally could resume its uptrend on a hawkish Fed rate hike, extending the pullback in Gold price toward the $1,900 level. Conversely, Gold price could see a fresh upside toward...
The gold market is showing signs of a slight recovery, but I personally see a possibility of a decline when EMA34 and EMA89 intersect. Please follow some important news I just compiled: Experts gradually lose confidence in the future of precious metals. Kitco News' survey of gold price forecasts this week with 13 Wall Street analysts, 4 people, or 31%, expect...
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...
What are the opportunities for gold today? after retesting the 1915-1916 resistance, we see the bulls were dominating yesterday as the market price went up. I myself predict that the bears will attack and lower the price of gold when EMA 34 and EMA 89 intersect. The possibility for the bulls to push the price to 1935 and test the upper resistance (in fibonacci)...