XAU/USD is falling towards the support level which is a pullback support and could reverse from this level to our take profit. Entry: 2,355.76 Why we like it: There is a pullback support level. Stop loss: 2,321.23 Why we like it: There is a pullback support level which lines up with the 127.2% Fibonacci extension. Take profit: 2,393.02 Why we like it: There is...
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to downward channel, where it at once fell to the resistance level, which coincided with the seller zone and broke it. Then XAU continued to decline and fell to the 2385 support level, which coincided with the buyer zone, but at once rebounded and...
Mixed Metal Prices Amid Rising Tensions Gold prices are inching upward, recovering about half of Monday's losses, as tensions escalate over potential Iranian retaliation against Israel. Following the death of Hamas leader Ismail Haniyeh last week, Iran has openly vowed retribution, stoking concerns of an imminent attack. Global conflicts and political...
The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as a pullback support. Pivot: 2,421.62 1st Support: 2,375.32 1st Resistance: 2,455.69 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Based on this trading indicator, GOLD (XAU/USD) is heading upwards. This is a short term trade opportunity..There have also been major resistance levels that have been broken. The next take profit level is based on this indicator attached. Many more opportunities are on the way!
Hi, With a strong fall in the Asian market we have a new support trend line This is just an idea! Be careful!
The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2430, positioned close to the breakout level. This...
in our last analysis, we predicted the gold move correctly, the price overlapped the 2450$ and moved back quickly even though the weak NFP data couldn't make significant changes. after the NFP data, the market made a bearish candle and for now is aiming for lower prices. For now, we are expecting the price to move in the C wave. In this case, the final wave will...
#GOLD #Analysis Description --------------------------------------------------------------- + GOLD price has reached the current support zone which acted as resistance in the past. + We can expect a slight bounce from the current support zone however it doesn't look promising. + If the bounce continues we then there is a slight chance of hitting 2470 price. +...
Hi, Friday's correction will make the price rise at the beginning of the week. The best area to buy will undoubtedly be the MA50 line. This is just an idea. Be careful.
This week in gold, we have the potential for another sell-off through trendline liquidity, as we’ve seen before. However, all price action is trending upwards, making this our main scenario. As shown on our chart, we have a liquid high that is close to the current price, with liquidity built up below the lows. We know that on a high timeframe, we are strongly...
Gold Futures Surge Amid Middle East Tensions and Fed Rate Cut Speculations Gold futures soared to a new all-time high last week, driven by escalating tensions in the Middle East and increased expectations of a Federal Reserve rate cut. The geopolitical situation remains highly volatile, maintaining a bullish outlook for gold prices. Technical Analysis: Gold ...
Gold broke its down trend at 1680 and It was a great opportunity for longing and now we heading to 1815 XAU continues to push higher and trades above $1,770 for the first time in nearly three months on Friday. The US Dollar stays under heavy bearish pressure as investors cheer the soft US inflation report and heightened optimism about Chine easing coronavirus...
Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago price started to grow inside the upward channel, between the trend line and when it almost reached the resistance line, the price dropped to the support line, breaking the trend line. Then XAU made a fake breakout of the support line of the channel...
Gold painted a huge cup and handle pattern on the monthly chart which makes it super bullish for the long term with the target of $3,200. But for the short term, I expect a correction to $2,100 before the main rally to make new highs.
The price is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci retracement and could drop to our take profit. Entry: 2,452.60 Why we like it: There is a pullback resistance level which aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci retracement. Stop loss:...
On Tuesday, GOLD retested a minor demand area on the daily chart, showing a clear rejection and strong reaction from this level. This technical move coincides with significant shifts in the Commitment of Traders (COT) report, suggesting a potential bullish outlook for the precious metal. The price action on Tuesday was notable, as GOLD's rejection at the demand...
in our last analysis, we predicted the gold move correctly, For now, after a long correction, we are expecting the price correct some of the losses as B wave. In this case, the final wave will be around the 2450 area. If you like it, then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other...