Gold price remains on the back foot for the second consecutive week, so far, as traders await the key US inflation data, namely the Consumer Price Index (CPI) figures for December. That said, the precious metal’s sustained trading beneath crucial Exponential Moving Averages (EMAs) and mostly steady RSI (14) line keeps the XAUUSD sellers hopeful. However, an...
Reason For Bearish 1. Stochastic Oscillator Overbought abobe 80 and ready for Bearish 2. RSI 14 @ 55 which Pushes to Sell Trend in 1H Overall Possible Outcomes XAUUSD/GOLD SELL @ 2030.60 SL 2036.5 TP 1 2024 TP 2 2020
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (08.01.2024) Current price- 2022 "if Price stay below 2038, then next target is 2010 and 2004" and above that 2046,2062. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Updated sell down trading strategy with GOLD Mainly sell down The short-term model is an imbalance structure, sell gold at 123 fakey
Dear friends, the price of gold continues to decline and is currently trading around $2035. According to our chart analysis, gold has formed an inverted cup and handle pattern. The current support level is $2017. Additionally, the 10-year US bond yield has surpassed 4% per annum. This factor has prompted investors to pour money into bonds, resulting in minimal...
This is what i might be looking for tonight either run on liquidity 1. Or 2
Dear readers, in the short term, our priority remains to sell due to the current price adjustment phase, with trading hovering around $2035. However, when considering the long term, the analysis of the 1D chart supports a strong upward trend for gold, with a clear support level at $2017. Another favorable factor for gold is that the trend line has not been broken...
A break of structure has confirmed a retest for a buy to continue to the downside for a Sell, trader's can set targets for probable set up upcoming
From a technical perspective, any subsequent move up is likely to confront some resistance near the $2,040 horizontal zone, above which the Gold price could aim to retest Friday's swing high, around the $2,063-2,064 region. The next relevant hurdle is pegged near the $2,077 area, which if cleared decisively will negate any near-term negative outlook and allow...
gold is consolidating under trend line to creat bullish flag pattern, wait for breakout 2044 or above would be strong bullish sing with targets areas 2044, 2054, 2075. best of luck msforex capital group
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. OANDA:XAUUSD
This is not a Financial Advice:- Its my personal Setup trading is always Risk Oriented. Trade with care Currently We are Focused on the second portion- gold have clearly shown a trend also at the same time we have also got to see that there is immense buying. my setup is simple as a trader we always have like 2 options and currently i am focused on the...
Dear friends, it's great to see you again in today's trading session. At the time of writing this article, the price is fluctuating around $2033 at the start of the trading session, showing a slight recovery after a sharp drop to $2017 at the end of yesterday's trading session. The precious metal has broken out of the support level at $2033 and the price...
now its the time for some bullishness, its brake the resistance yestrday n boosting for next move
Gold happens to Remain in Up Trend, however the Exhaustion is becoming apparent. Mark the Trend Line. Trending move on either side break and sustain is possible. Either of the Supply/Demand Zones could be tested. Looking at the weakness 2000 1980 are possible zones that could be tested in coming sessions. However, Keep watch on the trendline break. And...
XAUUSD Potential Sell with an expected RR of 2.5 Confluences are on the chart, hold till comfortable.
At the end of the day, gold witnessed a modest decline influenced by the stronger jobs report and related interest rate dynamics. Gold experienced a slight decline in response to the moderately stronger-than-expected jobs report from the United States, a reaction closely tied to movements in interest rates. However, it is worth noting that the market had been...
Dear friends, Gold prices have decreased by nearly $15 since the last trading session, marking a 0.74% drop for the day. Meanwhile, the precious metal remains unstable as investors try to predict the next move by the Federal Reserve. Therefore, overall sentiment among gold traders still leans towards a downward trend based on signals from the 34 and 89 EMA...