Gold price lacks clear directions after bouncing off the lowest level in five weeks, as well as snapped a two-day losing streak, the previous day. That said, the previous support line stretched from early November guards the immediate upside of the XAUUSD around $2,022. As the RSI (14) line’s recovery joins the impending bulls cross on the MACD to back the...
Hello dear friends! Gold prices continued to decline today, with a drop of $25, bringing it down to $2,001 per ounce. However, the market quickly rebounded to $2,010 at the time of writing. As a result, gold prices have reached their lowest point in over a month during this week's trading session. Strong economic data has reinforced the strength of the US dollar...
Despite the Strong Break Down of the Trend Line, Gold as of the time of Publication has not shown follow-up Selling.. 2025 2030 is the Value area for Shorts to re enter if they are to. If Bears Fail to capitalise this opportunity, in that case 2045 zone could be tested.. More Bullishness Only above 2045 Bearishness Could Intensify Below 2005, in that case...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Structure looks good to short using sell limit orders. Accept and exit immediately, when it turns against you. All the best.
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.
Today, gold prices traded near the support level of $2000 in the afternoon in the US, as investors continued to bet on the Federal Reserve cutting interest rates in March. The CME tool shows a 52% probability of this event happening, down from around 70% a few weeks ago. In response to this news, the USD continued to strengthen and acted as a psychological arrow...
Gold prices have retreated from the high over the past two days. Yesterday, after the release of US retail sales data, it broke below last week's low at 2013 (1), reaching a recent low of 2001 and the day ended at 2005. 1-hour chart - The trading range mentioned on Monday (2015-2065) was completed before yesterday's US session. Influenced by the release of US...
GOLD Daily Time Frame Ascending Channel Breakout or Elliott Impulse Wave (12345) Complete or now GOLD Moved Elliott Correction Wave (ABC)
We will be selling the swing at around 2012 with stops at around 2020 for a test of 1994 levels, Stock market is flat, Bond is rising nicely. So we would expect another leg low today. Reports: US treasury auctions offer $13 billion of 20 year bonds at a high yield of 4.423%
Gold/XAUUSD Seems Bearish on Technical and Fundamental Basis.. Above are levels to trade gold better... Sell on rise would be better strategy could be Short/ Sell Now At 2007 with Tgt of 1995 towords 1980....
Hello smart and wealthy traders! Today, gold continues its downward trend, currently fluctuating around the $2023 mark. This represents a $5 decrease for the day and over $30 decrease since the beginning of the week. This decline is mainly attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling of gold to...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (10.01.2024) Current price- 2030 "if Price stay below 2049, then next target is 2020 and 2012" and above that 2056,2065. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Gold price is licking its wounds at around $2,025 in Wednesday’s Asian trading, having incurred heavy losses on Tuesday, courtesy of the unabated demand for the US Dollar (USD) amid a further escalation in the Middle East geopolitical tensions and easing bets for aggressive US Federal Reserve (Fed) rate cuts this year. The US Dollar found solid demand on Tuesday,...
In this TradingView analysis, we focus on the XAU/USD (Gold/US Dollar) currency pair, where a notable bullish engulfing pattern has emerged on the price chart. The bullish engulfing pattern is a powerful candlestick formation that could indicate a potential reversal of the current downtrend and the beginning of a bullish phase. The bullish engulfing pattern is...
Potential Buying opportunity on XAU/USD Really nice set up on the gold pair pay attention to price action and look for your entry to either buy or sell.
Placed Sell limit in the direction of short-term trend. Used small SL where RR is 4.5 All the best.