Hey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday after hitting the bearish target 2567, we stated that we need ema5 to cross and lock below 2567 to open the retracement range for a test and failure to lock below 2567 and we will see the Goldlturns above being re-tested. - No cross below 2567 confirmed...
Hey Everyone, Another ranging day with side by side movement for the most part of today, as the market looks for a blueprint in this new range. Yesterday we got the first Bullish target hit at 2581 and stated that we needed to also keep in mind the Bearish gap below at 2567. Today we got the bearish target 2567 hit and now ema5 is playing just above the level....
As u can see, daily Gold is basically above SMA 24, pulling Moving Averages above and above. Stop Loss: Three consecutive Daily close below that SMA 24. Otherwise, Increase position everyday Gold above SMA 24. Fundamentals: Fed start rate cutting cycle by 50bps, as well as geopolitical uncertainties all benefits gold.
Yesterday's gold market was really frightening. First, the Federal Reserve announced an interest rate of 50 basis points, which was higher than market expectations. The price of gold rose from 2567 to 2600, setting a new historical high again. Then Powell's speech showed hesitation and uncertainty, and pointed out that the Fed was not in a hurry to cut interest...
Crazy gold! The market has regained all of yesterday’s losses in today’s rally. This market is always full of surprises! Now it's clear that the resistance at 2600 is very strong. Since it couldn't break through, it's time to switch back to short positions. What rose from here is likely to fall back down to the same level. Sell, with a target profit (TP) at 2572.
Gold Technical Analysis - 16 Sep. 2024 Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations GOLD recorded a new peak at 2589 and stabilized at a new bullish zone while above 2527 for the long term. Now the price should break 2578 to be a downtrend toward 2570 and 2553, but stabilizing above 2580 it will be sensitive to touch 2599 before dropping, we...
After a poll was taken in gold chat the consensus is that its impossible to predict the daily range for Gold during FOMC. This is my attempt to do just that. Levels are highlighted and market on the chat for your visual aid.
Yesterday's view on gold was still very accurate. In the article, I clearly stated that there would be a correction before the Fed's interest rate decision, and the window period was after the data was released. As expected, under the premise of multiple negative data and a large number of long orders being profited, the gold price fell all the way to 2560, which...
Gold price is moving along an Intraday Double Top and has found momentum on a head 'n' shoulders pattern on a low timeframe. Idea is to buy at market- current price up until 2590. Stop-loss 2579.90
The Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction? On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support...
Team, this morning we went long on gold at 2558, and we successfully got out of our target We were waiting patiently for the price to be calculated for the shorting. Our shorting price at 2593.16 our stop loss at 2602.30 Our first target at 2584.46 and 2580.51 PLEASE NOTE: once the price hit below 2590, trail stop loss to BE.
Hi fellow traders, XAUUSD will be ready to make a move higher from the blue box after it completes the flag correction. Target the 2561.59 level. Good luck and trade safe!
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
OANDA:XAUUSD | Gold is still in a bullish market: After the strong breakout which we saw in the beginning of 2024, Gold started another major bullish market cycle. This cycle is definitely not over soon, but Gold might create a short term correction, which would perfectly line up with the upper resistance of the rising channel. Levels to watch: $2.650 ...
Gold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2582, support below 2556 Gold accelerated its rise after breaking 2531 last week. It is still in a bullish pattern. Although the market fell under pressure around 2590 on Monday and Tuesday this week, it fell to 2560 at its lowest and still failed to fall below 2556. The...
Today, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all. Yesterday, the 2600 line was not kicked off, but fell back with a big negative. Technical points: (1) The European session bottomed out and...
The price of spot gold climbed $2500 per ounce to a new record high, by mid-August, 2024. The Yellow metal has rallied 21.5% this year, and this is the best result in this time against Top 4 american indices - Dow Jones Industrial Avg (DJIA), SP500 (SPX), Small cap Russell2000 (RUT) and full of tech stocks Nasdaq-100 indices (NDX). Gold jumped as much as 1.8% on...
Good morning everyone. Kindly find my trading zones for trading opportunities on Gold today, I hope this gives you some position opening insights for today. Remember these are not signals and you use them at your own risk.