Since last 48 days gold is trending under a closed range of 2063-2010 -$50 range which
covers whole month data , geopolitical tensions and FOMC Interest rate decisions.
XAUUSD showing no much interest since long , previous high was taken on 4th Dec 2148
and in same month on 13th Dec 2023 took previous low of 1973 post which a major movement is missing.
this week...
Their might be two possibilities in gold, If the gold holds resistance level and then give breakout we might see good move above ( BECAUSE THAT RESISTANCE TESTED AROUND 4 TIMES )
And if it forms like M pattern Or kind of Head and shoulder then go for SELL.
NOTE - You can adjust time frame for 5 minutes because I'm unable to post 5 min chart to public.
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.
Hello dear friends, let's explore the price of gold together!
Regarding the developments and outcomes of the news on January 22nd: The price of gold experienced significant fluctuations, mainly trending downwards. This is due to the strengthening of the US dollar as the Federal Reserve is unlikely to cut interest rates in March. As a result, investing in gold...
At the start of the new trading week, gold saw a slight increase in price, reaching around 2025 - 2026 USD. This marks a 0.39% recovery and an approximate 8 USD increase up to the present moment.
It can be observed that over the past two weeks, the global gold price has experienced minor fluctuations, with no clear upward or downward trend. Last week, gold...
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
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your...
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.
