Kindly check my weekly XAUUSD levels. Its my own idea only. you cane plan yourself and take the order carefully
Gold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs. According to experts, the US stock market is trending up. The sentiment of overseas traders and investors...
During the Asian session on Friday, gold prices faced challenges in maintaining their streak of success, hovering around $1,915 per troy ounce. The current focus is on the recovery of the precious metal after experiencing losses over the past four weeks. This anticipation stems from an upcoming speech by Jerome Powell, Chairman of the US Federal Reserve, at the...
Gold price remains well above key short-term support around $1,897, including one-week Fibonacci 38.2%. Also, setting a solid floor for XAU/USD is a convergence of the 5-DMA and the previous monthly low, around $1,905. It is worth noting that the one-day 161.8% and 61.8% one-week Fibonacci join S2 one day of the Pivot Point to add strength to the $1,905...
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...
⚡️Gold price today on August 21 continued to decline and reached 1891 due to the increase in USD and bond yields. ⚡️The gold market was under pressure as US Treasury yields and the dollar index rose. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing the session at 103 points. ⚡️Bond yields rose...
Gold prices slightly extended its gains and successfully continued a third day of gains. TVC:GOLD hovers around $1,900/oz during the Asian session on Wednesday, showing signs of recovery from four consecutive weeks of losses despite a firmer US Dollar (USD). However, a stronger recovery is unlikely at the moment. After days of continuous decline, gold...
⚡️At the end of the week, spot gold XAU/USD recovered slightly to $1,890, but it remains poised for a 1% weekly drop, the fourth consecutive weekly drop. The metal appears to be consolidating losses after seeing the red for the previous four days and also bullish on risk aversion as the market worries about the health of the Chinese economy. ⚡️The bulls are...
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
Reason Behind the Sell Movement 1. Bearish Spinning Top Confirms the SELL side Movement 2. Market Clearly Breaked Support 1900 which Make Positive for Sell 3. Market on Downtrend Overall Possible Outcomes XAUUSD SELL @ 1900 SL 1930 TP 1840
The price of gold continues to decline as the US dollar strengthens and concerns about China's largest XAU/USD customer persist. In doing so, the precious metal fails to justify its traditional safe haven status, as well as signaling an inability to rally concerns that the Federal Reserve will maintain stable interest rates in its September monetary policy...
xauusd day chart breakdown and going for retractement zone 2000-2005 if got retracement then fall will start 1975 to 1970 is the traget
Detailed analysis of Gold XAUUSD Past two days gold is in sell trend but can't break the weekly trend line so that trend has been changed.... AO (Awesome Oscillator) also indicates at... Even chart on Lower Lower but AO is in Higher Higher formation so that buying will be happen.... Entry will be 1964-1968. Stop Loss below 1933.... 1st supply zone is...
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...