TVC:GOLD Moving ahead, there isn't any relevant market-moving economic data due for release from the US on Monday. Hence, traders will take cues from speeches by influential Fed officials, which might drive the US bond yields and the USD demand.
Apart from this, the broader risk sentiment could provide some impetus to the Gold price. The fundamental backdrop,...
Gold Price fades bounce off an upward-sloping support line from late February by retreating from the 50-DMA hurdle, around $1,945 by the press time. Adding strength to the downside bias are the bearish MACD signals and a downward-sloping RSI (14), not oversold. With this, the XAUUSD is likely to break the stated support line, around $1,925 by the press time....
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3.4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
As we have seen recent healthy data towards dollar index. A good pullback in dxy can be expected, so gold can go deep selling under 1932 level with a target of 1920
TVC:GOLD Gold price attracts some selling following an early uptick to the $1,946 area during the Asian session on Monday and drops to a fresh daily low in the last hour. The GOLD currently trades around the $1,940 region and for now, seems to have stalled its modest recovery move from the lowest level since July 11 touched on Friday.
The closely-watched monthly...
Dear Trader If us glod Break This Chanel Then High Possibility ling Sl Will be Your Previous low . Then Wait For Break out This chanel Best Of Luck Wih Stop Loss
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...
In Friday trading session we have seen a good bullish move but currently price is facing resistance near 1940-42 , so bears are in control under this resistance zone.
More info on chart.
Gold showed the bullish trend in WEEKLY and 4H timeframe & bearish trend in Daily timeframe.
This makes my bias neutral for trade.
Sell Entries at :
1943.20 (Risky Entry)
1953.35 - 1954.75
1959.45 - 1960.75
1969.99
Buy Entries at :
1943.20 (Enter if 4h candle closes above 1942.655)
1932.49 - 1934.25
19018.00 - 1920.00
Due to the neutral bias will look for...
The last week, XAUSD showed weakness, but on Friday, due to an event , price retrace near to supply zone.
There decided zone near 1956-1962, above 1962 closing we can see another spike up and the chance to reach to 1980-1985 or above.
If 1962 does not break, then search for a selling opportunity to sell and test the 1904-1895
GOLD Weekly sellers Perspective🔍
If price close below the 1944.85 then market turn into the sellers hand. 📉
In that situation If market retrace then our sell Levels would be more valuable. 🔰
Same scenario happened today, as I shared with you in my last week analysis video, 1926 level which respect +200 pips. I filtered this level for Buy in Weekly Engulfing Buy...
