The downward trend is still dominating. Keep an eye out this week for the US CPI and the Fed. Meeting. Gold took advantage of better-than-expected employment data in the US market last Friday, finally escaping the 2020-40(1) zone. The price hit a daily low of 1994 and closed at 2004 before the weekend, experiencing a $24 drop throughout the day. 1-hour chart -...
Market Demanding a small sell and Pump it again. Keep on eye market reversal structure .
current trend of xau/usd is very strong on down side and recent history of it suggest that breakdown given by it works well so here is the plan
Gold hit an ATH of 2148.9 and the last week was too dramatic for bulls but its time that bulls are gonna gain control and keeping the upcoming data this week(11 dec) gold hit its 50% fib retracement which might act as a strong support and good correction for xau Also keeping in mind the economic condition of the global economy gold looks strong. MY PERSONAL...
Gold Below - 1994 Stop loss - 1998 And Target - 1975 Triangle Pattern Breakdown ⚓ Good move possible 👍 This is not an recommendation, this is only for learning purpose
The gold price has recently dropped below the psychological $2,000 mark, indicating a bearish trend after breaking the 61.8% Fibonacci retracement level of the November-December rally at $2,012-2,010. Daily chart oscillators are losing positive momentum, supporting the possibility of further declines. The next potential support level is the 50-day Simple Moving...
Gold spot---last week gvn gold spot 100$ correction due to up coming fomc or strong data ahead---- now eys on 2020-22$ if stya abv than mkt up side 2030—2038$--44$ where support 1991—88$ stya blw or close blw than nxt dwn side 1955—45-34$ soon no if and but… all depend on fomc or usd index move Trade ideas---suppose mkt comes up or than hold blw 2022$ than sell...
On Friday, the highly-anticipated US Nonfarm Payrolls (NFP) rose by 199K in November from the previous reading of 150K. Additionally, the Unemployment Rate declined to 3.7% from 3.9% in the previous reading. Average Hourly Earnings held steady at 4.0%, matching market expectations. Finally, the preliminary University of Michigan Consumer Sentiment Index for...
Gold is Down in H4 Timeframe. Gold Maybe Retrace around 2025 to 2030 level & Give Confirmation For Sell Than Go for Sell.Good Luck For This Week.
This analysis was based on the symmetrical triangle pattern after a long period of order building the market was sideways for too long leaving the candle stick pattern in the triangle pattern which usually has a breakout but since it was New York opening hours and the weekend the movement in the market was so aggressive that the sell was very profitable...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (07-12-2023) Current price- 2030 "if Price stay below 2053, then next target is 2024 and 2008" and above that 2066, 2076, 2120 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Our trading...
Here is a update of overall market . Nifty , Banknifty 🚨 Bearish on COMMODITIES Gold silver Crude An unexpected fall can come in Stock market Maintain proper stoploss with proper Levels
Market Break the structure for down trand. i think market going long tarm bearish
Hi Guys, xauusd has HNS pattern just need to break the pattern after restest we can jump into the trade! if you like my idea do follow like and comment! happy weekend!
As we have seen GOLD didnt resist much after breaking all time it being a fake breakout now gold is down as we can see in chart facing resitance at $ 2040s price and futther more downside is possible if it goes below $ 2015-2010 levels
Gold price prints mild gains around $2,030 during a three-day winning streak as traders await the US employment report for November, mainly the Nonfarm Payrolls (NFP) numbers. Even so, the yellow metal portrays the first weekly loss in four while struggling to defend the bounce off 100-EMA and an ascending support line stretched from early October, around...
Though the overall long term trend for Gold seems bullish ,in the near term it is still due for a small correction. Let's see how this pattern pans out.