I have manually constructed Gann Angles for XAUUSD scrip without the use of any software tools.
The levels of 2022.04 and 2033.89 are important for it. Below these we may see a bigger correction on it to 50% level shown on charts. Expecting volatility to increase on the scrip with moves getting bigger on both sides. Trade safely as we are nearing Gann Mid....
The gold price today seems to have remained unchanged from earlier this morning, mainly ranging between 2021 - 2022 USD.
Although the US GDP growth has exceeded expectations and core orders have increased, negative factors such as rising unemployment claims and inventory levels, along with reduced personal consumption, will pose challenges to the US economy. As a...
Technical Analysis:
Examine price charts for trend patterns, support/resistance levels, and key technical indicators (e.g., Moving Averages, RSI, MACD).
Identify potential entry points based on chart patterns or breakout scenarios.
Fundamental Analysis:
Consider economic factors that might influence the price of gold, such as inflation rates, interest rates, and...
Gold prices today surged from $2013 to $2020 per ounce at 6 am on January 26th. The reason behind this is the improved economy of the United States and the cooling inflation in the country.
Specifically, in 2023, the US GDP is projected to grow by 2.5%, a significant improvement compared to the 1.9% growth in 2022.
On the other hand, after excluding food and...
XAUUSD (Gold/US Dollar) based on the 30-minute candlestick chart. Predicting specific movements in financial markets, especially within short time frames like 30 minutes, is highly uncertain and speculative.
Gold price stays defensive near $2,022 as bulls await the key US data to extend the previous day’s rebound from a six-week-old rising support line. That said, the US Core PCE Price Index, also known as the Fed’s preferred inflation gauge, gains additional importance this time amid reducing market bets on the US central bank’s delayed rate cuts. Should the...
Greetings!
Welcome traders.
By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well.
Wishing you a pleasant day.
Hello dear friends!
Gold prices experienced significant fluctuations yesterday, with the precious metal continuing to decline and reaching $2011. However, there has been a slight recovery, and it is currently adjusting back to $2015 during the early trading hours on Thursday.
Accordingly, the optimistic PMI index from the United States has helped the yield on...
this is the forth time the precious metal has reached the same high and has reversed. RSI in the bear zone on two time frame charts at price resistance is very very negative. In my view the precious metal is all set for a big correction this time around.
The sentiments has changed and hence now we are long on gold from 2020 region with an Upward target of 2038 , the fib retracements also point to 2038, Hopefully we will hit the intraday targets today.
The price of gold today continues to trade quietly with little volatility, mainly moving sideways around the $2025 level and being confined within a narrow price range.
As a result, this precious metal is facing pressure as investors continue to lower their expectations of the Fed's first interest rate cut in March 2024. This factor has driven up US bond yields...
In the European trading session on Wednesday, the price of gold (XAU/USD) continued its downward trend, despite a lack of strong selling pressure. The trading range has been maintained for several days, with traders exercising caution and waiting for further signals from the Federal Reserve regarding interest rate cuts. The market's focus is currently on key...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (11.01.2024)
Current price- 2033
"if Price stay below 2049, then next target is 2020 and 2012" and above that 2056,2065.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
