gold spot bl 65650 dnw only mor eblwgold spot bl 65650 dnw only till 65577--510 sell on ris emust with tight hurdel sl 2170$ in spot blw 2165 looks dwn fall 2156--52$Shortby kailashcfa33Updated 3
XAUUSDGold's Elliott Impulse Wave (12345) has concluded, transitioning into an Elliott Correction Wave (ABC), signaling a potential selling opportunity. Traders may consider short positions as Gold undergoes this corrective phase, anticipating a downward movement in the near term.Shortby RoxCapitals1
#xauusd #gold #goldforex #goldtodayDear followers.. Don't wait just take now buy entry on gold.. it's good opportunity for you 🫵. Gold currently take rally to upside 💥 Support rejection 1HR Liquidity refill 4HR Buy now guy's 💹Longby Mrsubash1
XAUUSD Hello dear friends! What are your thoughts on the price of gold? Let's explore and discuss new strategies for gold together with RKarina. Overall, it has been a week of significant price increases for gold. The price has been rapidly developing and consistently creating surprises for traders. This comes after the latest employment report showed an increase in unemployment rates in the US and moderate wage growth, despite the accelerated job growth in February. The underlying factors driving the upward momentum of gold prices are the expectations that the Fed will continue to cut interest rates later this year and the weakening of the US dollar. Gold even touched a formidable level of $2200 USD at one point last night, but quickly pulled back and is currently hovering around $2179 USD. In general, the price of gold is expected to continue its upward trend. However, after the recent strong surge, the precious metal may need some consolidation in the short term.by RKarinaUpdated 62
Gold stays range-bound ahead of US Retail Sales Gold fades the previous day’s corrective bounce off the weekly low as market players await the US Retail Sales for February. In doing so, the spot Gold price, namely the XAUUSD, seesaws within a $48 trading range comprising an ascending resistance line stretched from May 2023 and the previous yearly top. It’s worth noting that the sluggish oscillators and the pre-data anxiety suggest a continuation of the sideways range. However, the bulls appear to have run out of fuel hence sellers are likely to benefit more on a downside break of $2,148 support. In that case, a quick fall toward the $2,100 round figure will be imminent but a 3.5-month-old horizontal support zone surrounding $2,090 could challenge the XAUUSD sellers afterward. Alternatively, an upside clearance of the aforementioned multi-month-old rising resistance line, close to $2,186 could recall the Gold buyers. However, the $2,200 threshold and 78.6% Fibonacci Extension (FE) of the quote’s October-December 2023 moves, near $2,240, will challenge the XAUUSD’s upside momentum afterward. Following that, the 100% FE level of $2,313 and the $2,500 psychological magnet will be in the spotlight. Overall, Gold stays within a long-term bullish trend but the short-term view appears to favor a pullback in prices should the scheduled data allow the US Dollar to defend the first weekly gain in four.by MTradingGlobal0
Gold : A very big uptrend is aheadGold will astonish everyone with price rise in rocket speed. Gold is breaking out of 3.5 year's consolidation to a very high target $2900. So buy gold with strong conviction. Longby maneeshaggarwalUpdated 1112
Gold price today: Needs adjustment!Updated Gold Market Report: During the Asian trading session, gold (XAU/USD) has attracted strong buying interest, partly recovering from the previous sell-off, with the price currently at $2,150. The surge in US Treasury yields, driven by higher-than-expected US consumer inflation in February, has increased the value of the US dollar and put downward pressure on gold prices. The recovery in the US stock market has also led to a shift of funds away from gold, a safe haven asset. Personal perspective: The decline in gold following yesterday's CPI report is a positive development. The price correction not only creates an opportunity to buy at a better price but also enhances liquidity and accumulation prospects for the market.Shortby RKarinaUpdated 38
Gold price adjusted strongly!Hello dear friends, let's find out about the price of gold today! As predicted since yesterday, gold has experienced strong downward pressure after the release of the Consumer Price Index (CPI) of the United States. According to the CPI report, it increased by 3.2% compared to the same period last year in February, slightly higher than the predicted 3.1% by market participants. The core index, which excludes volatile food and energy prices, came in at 3.8%, higher than the expected 3.7%, although lower than the 3.9% announced in January. These data have helped the USD recover and suppress the upward momentum of this precious metal. Currently, gold is trading around $2159 and is still undergoing a corrective phase after reaching record highs. In the short and medium term, gold is forming a cup and handle pattern and will soon face downward pressure after aiming for the resistance level of $2165. We can consider selling if gold reaches that level, with a profit target at the support level of $2145 - $2143.Shortby RKarinaUpdated 25
Potential Future Outlook for XAUUSD - March 12th, 2024Why We Think the Price Might Drop: 1. The support level broke at 2160 and is being tested again. 2. The RSI (Relative Strength Index) is around 40, suggesting a signal to sell. 3. The Super Trend indicator indicates a bearish trend. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is around 2160 . We're aiming for targets around 2145 .Shortby nadeem_fx34
XAUUSD BREAKED SUPPORT 2160 NEXT TARGET 2145Reason Behind the Sell 1. RSI 14 Below 50 which indicates in Sell Trend in 1H Timeframe 2. Stochastic (5,3,3) Over Bought hence it Fall Overall Possible outcomes XAUUSD SELL@ 2160 SL 2170 TP 2145Shortby kripsonfx97110
XAUUSD Gold Prediction & AnalysisAs per technical analysis the bearish Engulfing candlestick chart pattern perform on daily time frame, As per price action below 2186-2187 Gold is bearish & above this level possibility to move upper side. Shortby paontakaran1
Gold price today: Waiting anxiously!The Tuesday trading session holds significant importance for investors as the US Bureau of Labor Statistics prepares to release the Consumer Price Index (CPI) report for February. This report is expected to provide fresh insights into recent inflation trends and guide the Federal Reserve's short-term monetary policy. According to forecasts, the overall CPI may increase by 0.4% compared to the previous month, reflecting the impact of rising energy costs. This result is predicted to maintain an annual interest rate stability of 3.1%. Meanwhile, the core index is anticipated to rise by 0.3% monthly, causing a slight decrease in the year-on-year rate from 3.9% to 3.7%. Gold prices fluctuated between 2175-2185 during yesterday's trading session, awaiting information from the CPI report set to be released at 7:30 PM tonight. It is expected that after the news, prices will break the current pattern and form a clear trend, enabling investors to devise short-term trading strategies: Sell around 2185-2188, with a stop loss at 2191, targeting 2172-2175. Buy around 2173-2175, with a stop loss at 2169, targeting 2186. Note: It is advised to close positions before the news is announced.Shortby RKarinaUpdated 2263
If Gold XAUUSD fall below 2145 then profit booking will start 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
gold looking for buyextreme poi for buy gold with small sl. and trend is bullish Longby TheMoneyOcean118
Gold trend is bullishSo there is a poi that can be work as support. And we can see a bullish move in gold. Longby TheMoneyOcean1
Gold price today: Become more cautious!The price of gold today did not decrease as previously predicted, instead it continued to move sideways and traded around the $2180 mark in the early hours of Tuesday. The market remained quiet on Monday due to a lack of significant news, resulting in no significant changes in the price of gold. Gold still shows a long-term upward trend, but at the moment, it is significantly influenced by news, especially information about the possibility of the Fed cutting interest rates in the middle of this year. During the week, the market will closely follow reports on retail sales, weekly jobless claims, and manufacturing data from the US. The future path of gold is still uncertain, so stay cautious and closely monitor the information. RKarina will continue to provide updates to support you!by RKarinaUpdated 19
$GOLD has broken out - $2600 in sightXAU breakout of a 3yr+ inverse H&S , breakout target puts it at ~2650 Can go higher still. Great entry would be a retest around 2080-2090 breakout region Longby Bitrageur0
Navigating Gold Trading: Identifying Buying Opportunities at SupExplore the intricate world of gold trading and discover how to capitalize on buying opportunities within a defined range. This guide delves into effective strategies for identifying support levels, enabling traders to make informed decisions and maximize profits. Whether you're a seasoned investor or a newcomer to the market, learn how to navigate the fluctuations of gold prices and seize advantageous positions when the market hits key support levels. Unlock the potential for success in gold trading by mastering the art of recognizing buying opportunities amidst market volatility.Longby jadhaodipak9990
GOLD 30MinGold was bullish last weak. wait for breakout a healthy correction is about to come.Shortby kashifhussainpathan3
What changes in the new gold price?Hello dear friends, let's find out about the gold price today and evaluate the strategy for this week! Last week, we witnessed a strong surge in Gold and it surpassed its all-time high with a figure close to $2200. We expected it to correct its trend last week, but it seems that the buying side continues to push it higher, and it is currently trading around $2180 on the first day of the week. The trend of this metal is still unclear, although the upward momentum is dominant, it is still heavily influenced by market news. Therefore, it is necessary to monitor and closely follow important information during the week. Regarding prospects: The global gold price this week is likely to see investors taking profits after a continuous week of price increase, causing the gold price to turn downwards. However, this decrease is not significant as political tensions continue to escalate and the US dollar remains subdueShortby RKarinaUpdated 33
buying opportunity spoted in xauusdwaiting for breakout in gold ,intraday long position can be taken today as oer shown at chartLongby jadhaodipak9992
GOLD trendGold Spot CMP 2179 - if it breaks & sustain 2179 Then 2169-66 Currently weak 2171 possible Upside 2184-87-92 - if sustains above 2192 Then move will be fast For more info - plz visit my profile Dont miss to LIKE/BOOST & Share this idea Rgds, Naresh G SEBI Registered RA Longby NareshG_SEBI_REGISTERED_RAUpdated 4