In my opinion, I am looking to BUY , which is a strong support zone. It is not advisable to enter without confirmation from a lower TF. Learn how to find out what the entry point.
Dear friends, Gold is entering a phase of decline as the upward momentum weakens and the $2000 threshold remains unattainable. Trading is currently experiencing a slight decrease on the 1-hour timeframe, reaching a trading level of $1973.
The inability of gold to recover this week signals a weakening of "safe haven demand," suggesting that the market is learning...
Hello everyone! Wrapping up this week's trading session, Gold reached the predicted level of $1980.
Regarding the analysis of this week's news:
In his speech, Federal Reserve Chairman Jerome Powell stated that inflation in the US remains too high and economic growth is slower than necessary to reduce inflation. The comments from the Fed Chairman raised hopes...
TIME FRAME 15 MINS -
Cup & Handle pattern seen on 15 misn timeframe while presents Bullish continuations from current price of 1975 towords 2000 soon..
Though time frame is small but it supports to Gold Rally hence has goood importance..
Wish you all best profits and best life....
Dont be bearish for GOLD in condition like war , Study Fundamentals too with...
tXAUUSD Bearish turn confirmation. By Law sedimental analysis says Big Banks investors take out their positions on Fridays. The best way to trade this is trading against retail traders
Let’s take this labelling as a case study.
The red ABC pattern is a 3-wave pattern. It’s a correction.
Corrections happen in waves 2 and 4.
This entire correction happened in wave 2. After wave 2 comes wave 3. That sharp upward spike on the right is wave 3. Wave 3 will help price to resume its upward trend.
Now, inside that ABC correction is another correction....
Hii guys this is Nova!!!
Back with a some more book knowledge,
i would like to share the 1st trade on XAUUSD, for today.
there is high supply zone where the market has already shown the buyinh pressure.
high chances of bullishness but as per the price movement we have to be ready for both down and up move.
Bullish 80%
Bearish 20%
A bullish kangaroo tail in XAU/USD is like spotting a confident marsupial bounding through the financial charts. Imagine a strong upward movement in the price of gold (XAU) resembling the powerful hop of a kangaroo. This bullish kangaroo tail is characterized by a long lower shadow, indicating that the price fell significantly during the trading session but...
Dear friends,
The situation in the Middle East seems to be far from finding a peaceful solution, and this can potentially sustain the upward trend in the price of gold, despite higher interest rates from the Treasury bond. Therefore, gold has become a new breeze for investors as it becomes increasingly attractive amidst prolonged conflicts and political...
Dear friends, Gold achieved an impressive figure last week, but it has experienced a slight decline at the beginning of this week's trading session. At the time of writing, gold is trading at $1971.
Regarding market information:
The ongoing tension in the Middle East has not yet ceased, making gold an attractive option for investors looking to preserve their...
"Spotting a bullish engulfing pattern on XAUUSD 📈💡 A compelling signal that the bulls are ready to charge! 🐂✨ Eyes on the charts for potential upward momentum. #BullishEngulfing #XAUUSD #TradingView"
Currency Pair: XAUUSD ( GOLD )
Time Frame: 1 DAILY TF
Analysis Summary: 📝
As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's...
Gold Is Bullish. Gold is Continue to the UpSide. Currently Gold at 2000 level, If Level break to Upside Gold Continue To Next Level 2075. If Gold Break Level 1935 to 1940 Down side Gold Trend will change to the Down side. Good Luck For This Week.
Dear friends! Currently, Gold is trading around the price of $1980. It can be seen that after the Fed chairman's speech yesterday, gold did not have a strong reaction but still developed with the highest impressive number in the past two weeks since October 6th.
Although the Fed is still committed to its inflation target, experts still believe that increasing...
Gold prices edged lower at the start of the week after posting solid gains from haven flows that were seen outperforming higher government bond yields across most of the globe. The price of precious metals decreased not because gold's upward momentum was over, but because the market needed to consolidate with resistance at 1,985 USD/ounce.
The geopolitical...
Gold showed the bullish trend in WEEKLY & DAILY and 4H timeframe.
Yellow box/lines indicates the Buy zone POI for gold.
Hoping for gold to fall till the buy zone POI and then rising towards TP.
Buy zones are
1957.70 - 1961.70
1940.50 - 1943.20
1920.05 - 1923.00
Target for this will be around 2000/2020.
If we see a gap up opening or flat opening on Monday...
