Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (23-04-2024)
Current price- 2304
"if Price stay below 2342, then next target is 2290 and 2276 and above that 2360.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (22-04-2024)
Current price- 2340
"if Price stay above 2372, then next target is 2320 and 2300 and below that 2390.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (24-04-2024)
Current price- 2318
"if Price stay above 2308, then next target is 2328 and 2345 and below that 2295.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Hello everyone, what do you think about the gold price today?
Recently, gold has experienced a significant price drop, from nearly 2400 USD to about 2311 USD, down nearly 65 USD compared to the previous day.
So what has led to this sharp decline in gold prices?
Global economic news: Before the June monetary policy meeting of the US Federal Reserve, the market...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (18-04-2024)
Current price- 2382
"if Price stay above 2376, then next target is 2392 and 2400 and below that 2365.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Hello everyone, after a short price drop last night, gold has begun its journey to find a new peak. In today's trading session, gold is attempting to overcome the $2,400 resistance level, supported by renewed weakness in the US Dollar and persistently low US Treasury yields, which creates conditions for this unprofitable precious metal.
Gold may continue to be...
Hi everybody! As I am writing these lines, XAUUSD has seen a significant price drop, down $35 in the early hours of Monday morning and is currently sitting at around $2356. The short-term outlook suggests further downside is likely.
Current chart analysis shows that gold is under downward pressure after overcoming two key support levels. This reflects the...
From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments...
Gold rose rapidly in the morning, stimulated by the news, reaching a maximum of around 2417, with an increase of about $43. However, there was a retracement later, with the lowest falling to around 2380, basically erasing the morning gains. This dynamic may be a shuffling behavior by short-term short sellers with the help of news. If the morning rise is just a...
Yesterday's gold market trend was highly consistent with our expectations. We emphasize the changes in the rhythm of long and short, and believe that there is the possibility of an increase after the decline. According to the current trend, gold may remain volatile and strong today and may continue to rise. Although the market has changed significantly recently, I...
Hello everyone, what do you think—should we buy or sell gold today?
Gold is currently trading around 2,323 USD/ounce, with little movement since the beginning of the day and is continuing its downward trend. This weakness is largely due to tensions in the Middle East showing signs of easing and investors taking profits and reducing leverage in precious metals...
Yesterday, the gold market saw a strong rise under the influence of the geopolitical situation in the Middle East, reaching a maximum of $2,417 in the morning, but then the price retreated and the gains were completely digested. It rebounded again to $2,401 in the evening and finally closed at $2,390, exactly in line with our expectations. The daily chart shows a...
Gold witnessed some decent profit booking at end of the week.
Keeping it simple
2320 is going to be the Zone.
If respected, We may see retest of 2400 zone
If Not, then 2275 may provide some support.
Although Stronger Support Zone happens to be around 2220 2200 levels.
Rest of the analysis in coming days.
Due to the sudden intensification of the conflict between Iran and Israel on Friday, gold quickly rose to around 2417. After the market's risk aversion sentiment cooled down, the price quickly fell back to the resistance level of 2372, and then rebounded to around 2400, but did not effectively break through 2400. At present, the market is still in a volatile...
(April 19) Gold rose nearly 40 US dollars at the opening, refreshing its recent high of 2,417 US dollars, mainly due to the sound of explosions in Iran and other countries. A U.S. official later confirmed to the media that an Israeli missile hit a target in Iran. This quickly heated up market concerns about the geopolitical situation, providing upward momentum for...
Interpretation of the news: Iran’s low-key handling of the attack in Isfahan seems to be aimed at avoiding an escalation of the regional situation. Federal Reserve Chairman Jerome Powell and many other policymakers were tight-lipped last week on when they might cut interest rates. Instead, they said monetary policy needs to remain restrictive for longer, pouring...
