In this TradingView analysis, we focus on the XAU/USD (Gold/US Dollar) currency pair, where a notable bullish engulfing pattern has emerged on the price chart. The bullish engulfing pattern is a powerful candlestick formation that could indicate a potential reversal of the current downtrend and the beginning of a bullish phase.
The bullish engulfing pattern is...
Potential Buying opportunity on XAU/USD
Really nice set up on the gold pair pay attention
to price action and look for your entry to either
buy or sell.
Hello Everyone
This is an update in neowave counts. Here are the keypoints.
** For Now we were in wave 2 and price was consolidated.
** The price falling from wave-((c)), can be a start of an new wave, well it is jst the price confirmation has to come yet.
Expectation is that price should fall below 1973, for this pattern
Gold prices fell sharply after US government bond yields surpassed an important resistance level along with the market reassessing the Fed's interest rate outlook.
The 10-year US government bond yield has now increased above the psychological level of 4.0%, which has helped the US dollar increase sharply compared to most other currencies. This also caused a strong...
Today we can look for sell opportunities around 2031 , For a target of 2009- 2002 , Market has turned bearish yesterday after announcement of the following.
Fed's Waller: Data in the last few months allowing Fed to consider cutting rates this year
Waller Q&A: It will be up to committee on timing of when to start cuts
Also the technical indicators, H4 & D1 charts...
Dear friends, currently the price is still in a downward trend, with prices sometimes dropping to $2020 after the market correction. However, gold has quickly rebounded slightly and is trading around $2028 at the moment.
Meanwhile, financial investors are focusing their capital on stocks. As a result, there is very little money flowing into precious metals. It is...
Today, we witnessed a change in the price of gold, dropping from $2,054 to $2,028 per ounce on Wednesday morning. This seems to be partially due to comments from officials at the Federal Reserve (Fed), indicating that it will take a while for the United States to reach its 2% inflation target.
Meanwhile, the Fed is not rushing to cut interest rates and will only...
The price of gold is trading quite flat, decreasing by nearly 5 USD and hovering around the 2050 USD mark. The market seems to be in a lull after the holiday break for banks.
Further price declines could be seen at the triangle support level of 2,049 USD. Additionally, the support level of 2,027 USD on Friday could provide temporary relief for gold buyers.
On...
Gold prices continued to increase in the early trading sessions of the week thanks to escalating tensions in the war in the Middle East.
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market...
Currently, the price of gold is fluctuating around $2050 and has decreased by nearly $8 compared to the previous trading day. Overall, at the beginning of the week, gold did not experience significant changes in trend due to the closure of the US market for the Martin Luther King Jr. holiday.
However, escalating geopolitical tensions in the Red Sea and a...
It looks likely that Gold will experience sell off From 2053 to 2036 Level, Before trying to make a new leg high, The reason is Movemtum driven response to gold and bond market due to the war at yemen.
Fed officials, economic data in focus for rate-cut cues
The dollar index surged 0.5% on Tuesday, with demand for the greenback increasing ahead of an address by Fed...
Dear friends!
Looking back at the previous weekend, gold has demonstrated its strength with a remarkable breakout, completely breaking free from the sideways trend and ending the downward trend. It is an impressive move from the bull side, as they not only successfully defended the key support level at $2015 but also pushed the price of gold higher from this...
Gold futures saw significant gains amid Middle East tensions, with XAU/USD reaching $2,062/oz. Despite a strong USD, the outlook remains bullish with potential resistance at $2,100.
Last Friday, Gold futures recorded their biggest single-session gain since mid-December, driven by concerns over wider-ranging tensions in the Middle East.
The yellow metal's...
Dear friend, In general, precious metals truly impress us. Gold traded sideways near $2030 before rising to $2061 on Friday, then retraced to $2049 and stabilized at this level. Now, what excites me is that gold is currently trading calmly around $2050 - $2051 as we enter the new week.
The interesting thing is that gold's recovery is driven by weakness in the US...
The short-term technical outlook for Gold price remains in favour of buyers after the bright metal closed Friday above the 21-day Simple Moving Average (SMA) at $2,046, breaking the weekly range trade to the upside.
The 14-day Relative Strength Index (RSI) indicator is looking firmer above the midline, suggesting that there is more scope to the upside for Gold...
Reference scenario for gold January 15
With many fluctuating factors for gold in the near future such as complicated war developments, the economic situation and the Fed's interest rate cuts will have a great impact on the continuous change in gold's price path. .
Looking to buy around 2033 - 204x
Can sell around 2119 - 212x
Always wait for signals and manage...
Gold tested the support at 2020 twice last week and officially bottomed out after the release of US inflation data. It then rebounded and reached a high of 2062 before closing the week at 2048. However, it failed to hold above the 2050 level.
1-hour chart - Gold broke through the downward resistance line(1), originating from the 2088 peak during the US trading...
Dear friends, let's explore the Gold market for the new week together!
In general, the start of the new week sees Gold relatively quiet around the $2043 mark.
Looking at the analysis chart: The overall trend is still bearish, with two negative factors driving it. Factor 1: The downtrend continues from the levels of $2149 and $2089. Factor 2: Gold has broken out...
