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.
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.
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If price falls to next support level, it may bounce back to my trading zone where Sell limit placed. So, stick to SL without fail. No firefighting trades especially during London session. All the best.
"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...
you can see my last post on gold .I placed to SELL order AND trade active , which is a strong SUPPLY ZONE.
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.
Overall Possible Outcomes XAUUSD SELL @ 2030-37 SL 2048 TP 2010 TP 2 1980 Reason For Sell 1. Bearish Engulfing 2. Bearish Spinning Top 3.Parellel Downtrendline
Overall Possible Outcomes XAUUD BUY @ 1975-80 SL 1955 TP 1 2010 TP 2030 Reason Obey Stronger Support & Trendline @ 1970 which also act as Fib Retreacement of 0.5 Level
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...