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...
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...
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...
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...
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...
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...
Gold Is Down. Major level is 2045 to 2050. If This Level Break Up Side Gold Will be Bullish. Or Not Break This Level Gold Will Continue To Down Side. Good Luck For Next Week.
GOLD 1 Hr Pridiction , Simple price action , currently trading at record high , simply go with the huge amount to sellers sitting at the top and market needs to touch first support in trade and second support at 1900
W patterns, also known as double bottoms, are a classic technical analysis pattern indicating a potential reversal in a downtrend. In the context of XAU/USD (gold), a W pattern on the buy side typically consists of two troughs forming a W shape. The price drops to a low (first trough), bounces up, then falls again to a similar or slightly higher low (second...
![XAUUSD: XAUUSD Short [Intraday]](https://s3.tradingview.com/e/ErLVzFrW_mid.png "XAUUSD Short [Intraday]")
