Awaited Fed. rate decision, gold prices remained stable yesterday. The day began at 1675, where the price overall was trending downward throughout the early Asian and European sessions. It cleared the S-T trendline(1) at the US session and traveled all the way to 1660, the daily low from the day before. The day ended at 1664, down by USD 19.
1660-80(2) can be...
Hello
. Analysis update. Based on price analysis, he activated our buying position and moved in the direction of analysis.
We close the position manually.
The profit of this analysis and position: 145 pips
Gold holds lower ground near the yearly bottom as the market braces for the Fed’s rate hike. In doing so, the yellow metal remains inside a six-week-old trend-widening pattern. That said, the quote is likely to stay bearish unless crossing the $1,715 hurdle. Ahead of that, the two-month-long horizontal resistance area surrounding $1,696 and the $1,700 threshold...
It is Day-2 today, XAUUSD Price has not yet broken the low created on last Friday, despite being Bearish the whole of last week. What does this mean guys? It may be assumed that the last low on Friday is a market edge and buyers may not be allowing the Price to close below it. This also means, Market is displaying a slight upward sideways trend. If the same trend...
#GOLD for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st...
Double top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not.
If confirmed, minimum target = 1450/1400$
Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell.
#fingerscrossed.
Happy Trading.
For education purpose only.
XAUUSD has hit major support level last week in weekly chart. Though the last week market seems Bearish, it can be interpreted that, it is another manipulation drive by Market Makers to induce Retail Traders in Sell direction, whereas the Market will make a U turn towards Long or Sideways, at least for this week. Following classes...
Fundamental & Technical Reson For GOLD XAUUSD Fall in upcoming Week
Technical Analysis
1.Market closed beloe 1780 and breakout confirmed
2.Retest Will happen over 1654 whicjh is Last week Low
3. Clear Downtrend Continuation For Six Month
Fundamental Analysis
1. DXY ready for the rakky of 115 which presently retesting 110 which is 20 years High
2. Prelim...
