SYmbol Gold SPot or XAUUSD
TImeframe Day chart
Analysis : Here we can conclude Selling pressure is more as we can observe a strong reverse pin bar and the breakout from the triangle pattern .
We can expect a target of 1985/1900
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Hi,
We are looking to sell Gold (XAU/USD) at around 2032 With an Objective of 2018 as target points. Stop losses should be above previous swing high on H1 ie 2036 Region.
A triangle is a continuous pattern on a chart that resembles a triangle in technical analysis. Similar to wedges and pennants, triangles may either be a continuation pattern if they are confirmed or a potent reversal pattern if they are not
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"Hello everyone!
Last week, the price of gold continued its slight decline, dropping from $2,029.6 per ounce at the end of the previous week to $2,018.5, a decrease of $8 after a week of trading.
Gold is currently under pressure from profit-taking, in the context of recently released US economic data that could impact the Federal Reserve's decision on whether to...
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In my opinion, I am looking to sell , which is a strong SUPPLY ZONE and market also in downtrand . It is not advisable to enter without confirmation from a lower TF.
The gold price was moving within a narrow range last week. The price was bounded by 2020-40 until Wednesday's US better-than-expected GDP data; it cleared the 2020(2) support and dropped to as low as 2010.
There are two major economic events to pay attention to this week. First, we have the Fed. Meeting on Wednesday. There is a 95% chance that the interest...
Potential buy or selling opportunity on GOLD
our technicals are bearish overall, but we have
fundamentals to be mindful of pay attention to what
price action iOS doing and showing us.
Bears are fairly in control of the Trend as of this weekend..
With FOMC coming up, Either of the 2 Zones
1980 or 2080 could be tested..
Technically 2030 2035 is the Crucial zone..
If Respected, 1980 zone is likely to be tested.
If Broken, 2055 could be tested before Last attempt by Bears to claw their way back.
Above 2065, Bulls will Toss The Shorts for a...
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...
