GOLD's breakout or retest completion of the descending triangle pattern in the 1-hour timeframe, combined with its adherence to the Impulse Correction Strategy, suggests a potential buying opportunity. Traders may consider long positions in GOLD for both short-term and long-term trades, anticipating further upward movement based on this technical analysis.
Following the Fed meeting, gold reached a new all-time high of 2222 last week. However, it failed to stay above 2200 and retraced quickly below the previous high of 2195 within 24 hours. This Friday is a US holiday, but the inflation data(PCE price index) will still be released. Make sure you pay close attention to market volatility at the late Friday session and...
GOLD/USD March FINAL WEEK PLAN...
In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160...
Which is buy correction zone(BUY FLIP ZONE)...
EXTREM BUY ZONE IS still there 2152-2146
I am looking for buy because of below mentioned points:
1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area
2.In 30M Awesome...
This is an interesting ratio study of Gold/SPX . SPX is the US equity Index.
The ratio moving up means it favours Gold over Equity. The ratio broke above the MA for the first time after 20 years in Dec 02 and hence was a significant breakout. It broke the trend line in Mar 2012 and was asking u to exit gold and buy Equity.
Now in this 10 years Gold gave an...
Hello everyone! Let's delve into the sparkle of gold prices today!
In the News: Today, gold (XAU/USD) is struggling to capitalize on its recent rise from the Simple Moving Average 100-hour support level around $2166-$2165. Instead, we are witnessing a decline in Asian trading session this Friday. Despite the Federal Reserve's policy update on Wednesday, investor...
xau there is a possibility that the open market will xau rise, confirmation can be seen at timeframe M15, my target is for it to rise to the QM level area to make HNS before it falls to a maximum level of 2100. monitor the 2153 support area hard zone weekly, if the price rejects in this area then next week it will probably return to sideway until PCE releases...
Gold experienced a significant downward correction from all-time highs, closing the week near the support area of the Point of Control (POC) and Fibonacci 0.50%.
The Federal Reserve has stated that even with inflation still above the 2% target, it hopes to cut interest rates three times this year. While gold reached record highs this week, the market witnessed a...
Sorry for late update....
Past 4 week gold in uptrend in week
Weekly time frm 1st pull back zone is 2231-2301
right now market need some correction
if market cross and close 2196 4h correction will starts
4hrs deep buy zone is 2160-2150 once market comes this dip we can buy...
in between other one mid zone found in 1hr (2186-2182)
wait for the 4hrs 1st...
Hello dear friends,
Are you curious about the price movement of gold today?
Yesterday, gold surprised us with a dramatic increase, jumping from 2155 to 2223 USD, a remarkable gain of 680 pips in just a moment. What could have driven such a strong surge in this precious metal?
News update: The announcement from the Fed about the possibility of interest rate cuts...
In today's trading session, gold experienced a slight decline after surging past the $2200 USD/ounce ceiling. This upward momentum was further fueled by comments from Federal Reserve Chairman Jerome Powell, who stated that the central bank plans to implement three interest rate cuts in 2024.
However, at present, gold has adjusted downwards by 0.3% to $2175...
✨ Currently, #gold has successfully surpassed the 2200 mark and broken through the 23.6 Fibonacci retracement level at the price zone of 2.166, with the upward trend expected to continue.
✨ Whether it's due to unilateral accumulation in the market or the fundamental principles of the Federal Reserve, TradePro™ traders remain optimistic about the gradual rise in...
After gold broke through the previous high of $2,195, it successively fell below the support levels of $2,195, $2,180, and $2,172, and then stopped falling and rebounded. There are currently no major news events to support the collapse of gold, but the war in Europe and the Middle East has a tendency to continue to expand, and the upward trend of gold will not...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
eys on gold spot 1 grs chart breakout styaabv 2211 looks 220-2230+++++ where break blw 2195 loks dwn fall till 2185-079--70+++++ in mcx 66900 abv sustain may be touch 67100-200+++ or blw 66550 dwn fall till 66426--377--200++++
