Gold gathered bullish momentum in the second half of the day on Friday and reached its highest level since early January above $2,070. The benchmark 10-year US Treasury bond yield is down 1% at 4.2%, fueling XAU/USD's rally ahead of the weekend.
After rising above $2,040, Gold reversed its direction and turned negative on the day near $2,030. Hawkish comments from NY Fed President Williams triggered a rebound in the US Treasury bond yields and made it difficult for XAU/USD to preserve its bullish momentum.
Gold prices benefitted early in the week as US CPI came in much better than expected which saw market expectations for rate cuts in 2024 improve. Markets are now pricing in a rate cut for May 2024 at 47.9% up from 29.6% a week ago. The selloff in US Yields also helped while the ongoing uncertainty form the Middle East continues. This saw Gold breach the $1950...
XAUUSD\GOLD W1 - is in the phase of a flat / sideways direction in the price section 2037 - 1678, as it is clear that the price twice after the implementation of two waves approached the price of 1814, and then after the correction - movement to the price of 1678 What can be expected now? Presumably, the correction after the 3rd wave begins to end, which...
Gold is Ranging in this month major Support is 1925-1933 Major Resistence 1980-1985 according to price action if price break the support level in H4 which is 1925-1933 then market will go 1910 which is Tp1 and 1985 which is Tp2 on other hand if market break the major Resistence level which is 1980-1985 in H4 then next target will be 2000-2003 in recent...
Gold showed a massive sell-off of more than $100 on the strong US dollar. Technical: The near–term support is around $1800, a breach below targets $1750.
We have recently broken a swing high this triggers the algorithm to seek higher prices In order for them to do so they need to create a swing low to get in trend with the market. The algorithm buys in down candles not up candles. We also broke a swing Low on the weekly when gold traded to 1780. If we don't break the Previous weeks high this will complete the...
Hellooo...My Dragon Friends GOLD waiting FED meeting for Announcement about TAPERING Lets See Happy Trading Smart Tapering Money Management Risk Management Disclaimer On
Hellooo...My Dragon Friends i see GOLD will going down, make CUP and Handle Pattern. already Retest Lets see Happy Trading Smart Trading Money Management Risk Management Disclaimer On
Gold one more rally ready 1806 Target Don,t Missed our Trade in Gold continue pattern running next target 1806 When market open gold fly
Gold did not take the levels, we discussed in the previous post i.e 1910-1930. These levels are also aligned with the downsloping trendline resistance. Hence as long as it is resisting these levels, chances are high that it gonna move lower towards 1795 levels. The rest will update, in case I spot any major price action change in the charts.
AFTER A RETRACE AND RETEST AND FAILURE OF LAST WEEKS HIGHS AROUND THE 1740-1745 MARK, PRICE FAILED TO MAINTAIN THAT ZONE ALSO NOW FAILED THE 1730S -1737S AND NOW IN THE 1720S - 1725 ZONE OUR BIAS IS SHORT INTO FRIDAY TO CLOSE OUT THE WEEK. HAPPY TRADING! *TRADE TIP* YOU CAN RISK ONLY 1%-5% OF YOUR TRADING BALANCE IN EACH TRADE DEPENDING ON THE SETUP. IS IT A...
Gold hit a weekly buy fractal without trading back into the balance zone. That means it didn't really want to breath, instead the pressure to go higher seems to be extensive, a weekly close above the breakout fractal level as we're seeing right now supports that. Just like in Silver, this market seems to establish a new overall uptrend.