Currently gold is trading around 2330 level, as per the RSI divergence it is overbought so correction may come.
This post is purely for an educational p OANDA:XAUUSD urposes only!
Currently Gold is in a reversal trend from Bullish to bearish. above marked top supply zone can be a good level to short by following proper stop loss and money management.
From this Top, we may return to 2310-1320 levels.
Gold prices plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations. Inflation in March increased by 0.4%, exceeding the forecast of 0.3%, putting the Federal Reserve (Fed) in a difficult position in making future monetary policy decisions.
Inflation increased 0.4% in March, pushing the annual interest...
Just sell for some days if you are a trader,
If you're a investor then hold for multiyears.
I am a trader so I am going to short .
Reason lots of people trying to buy the gold now .
This is not right time wait for some days.
Because already central bankers bought at low price,but you guys hear the news late
And you tend to buy ,they are going to offload now to you...
Gold is heading towards its eighth consecutive record-breaking day, showing no signs of slowing down to provide better entry points for the upward trend. The precious metal has few indications that the price increase will be threatened, and the CPI index will be the focus of today's trading.
Looking back at recent days, even the NFP couldn't weaken gold, so it's...
From a technical analysis, gold has been seriously overbought, not only on the daily and hourly charts, but also on the weekly level. In the past month or so, gold's crazy rise has been mainly based on expectations of an interest rate cut by the Federal Reserve. The trend of gold hitting new highs has caused the entire financial market to be shrouded in the...
OANDA:XAUUSD
2350 2360 as expected has turned out to be a Stronger selling zone.
And it has been respected beautifully as of now.
Retracement May continue till 2270 Zone
Only Below 2270, Bearishness could intensify.
Although this correction is to be treated as retracement only.
Gold may bounce back even before 2270 depending on price action.
Sell on rise...
I do TA on different assets such as BTC, Forex etc. Use the SSL (soft stop loss) close the trade only if we close the 15 minutes candle above the SL region.
Geopolitical risks are one of the important factors behind the recent rise in gold prices. The progress of ceasefire negotiations in Gaza, Iran's threat to the Strait of Hormuz, and the Russia-Ukraine conflict have all triggered risk aversion in the market and promoted the rise in gold prices. Investors need to continue to pay attention to developments in the...
Hello gold enthusiasts! 🌟 As the US Dollar Index cools, gold's glowing appeal persists, with today's trading keeping the precious metal at an impressive $2,345—a gain of 0.26% on the day.
However, with a series of consecutive price increases, gold faces a wave of profit-taking. Even so, the metal's shine has not dimmed, fueled by three powerful undercurrents...
The price of gold today continues to rise, with gold reaching $2,352.5 in the early hours of the Asian session. However, it later retreated and stabilized around $2,345.
The metal's upward momentum is driven by safe-haven buying amid concerns over conflicts. Meanwhile, the market is awaiting the minutes of the Federal Reserve's policy meeting and inflation data,...
Gold price makes rounds to the record top early Wednesday as market players await the all-important US Consumer Price Index (CPI) and Minutes of the latest Federal Reserve (Fed) monetary policy meeting. Apart from the pre-data anxiety, a bearish RSI divergence on the four-hour chart also challenges the XAUUSD buyers. That said, the lower low in the RSI (14) line...
It is in crucial stage and seems to be moving higher high. Red line is the stop loss, Buy above green line and White line is the target.
Disclaimer: I am not a registered analyst with any of the National/International agency and it is only for educational purpose. Please consult your financial advisor before making any decision.
Thank you
The bullish trend of gold is obvious. In the current global environment, the factors driving the rise of gold prices have gone beyond a single decision to increase or decrease interest rates on the US dollar. The global political situation is turbulent, the economy continues to slump, and the conflict between Russia and Ukraine has fallen into a long-term tug of...
