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26/6 GOLD? limited upside potentialThe US Dollar has seen some modest strength, which is helping to limit the rise of the XAU/USD. In addition, Federal Reserve Chair Jerome Powell, during his recent testimony, emphasized that the central bank plans to raise interest rates gradually to combat high inflation. Powell also stated that rate cuts are not expected in the near future and that the Fed will wait until they are confident that inflation is moving towards the target of 2%. As a result, US Treasury bond yields have increased, providing some support for the US Dollar and potentially keeping the price of Gold in USD from rising significantly. Gold price today is fluctuating around the $1920 mark. The price range is not high SELL zone : $1930 - $1935 SL 1945 Using 2 moving averages EMA 34, EMA 89 parallel to the stiff resistance areas at $1930 - $1935 and $1954 - $1957
TVC:GOLDShort
by DNA_TradingFX
22
23/6 GOLD ? Will the price drop to $1900The Gold price is getting a boost from economic troubles and a weaker US Dollar. Concerns about a global economic downturn are affecting investor sentiment and causing the equity markets to be generally weaker. Additionally, there is less demand for the US Dollar, which is helping support the safe-haven Gold price. The USD Index is currently near its monthly low due to uncertainty over the Federal Reserve's rate hike plans. Gold price on June 23, 23 is falling to the area around $1910 After the news from the Fed, the gold price is negatively affected, the downtrend is dominant. Can set up SHORT at: SELL GOLD zone : $1926 - $1929, sl 1939 Based on the US economic situation as well as the average technical analysis indicators EMA 34, EMA 89 weak purchasing power
TVC:GOLDShort
by DNA_TradingFX
18
GOLD 22/6 $ prices stabilized after the Fed newsGold prices remained relatively unchanged on Thursday, but were still recovering from four consecutive days of decline. The market was cautious due to the uncertainty surrounding the Federal Reserve's upcoming decision on interest rates, which affected traders' confidence in the precious metal. Yesterday, bullion prices briefly dropped to their lowest point in three months, breaking a period of stability. This occurred after Jerome Powell, the Chair of the Federal Reserve, testified before the House Financial Services Committee of Congress, suggesting that interest rates may need to be increased in order to control inflation. Gold price on June 22, 2023 fluctuated at $ 1932, narrow band sideways continuation $1915 - $1957 Consider entering orders today: SELL zone: $1947 - $1950, sl $1960 Based on technical analysis indicators EMA 34, EMA 89 combines with a strong resistance at $1950 area
TVC:GOLDShort
by DNA_TradingFX
13
GOLD 16/5 ! Will gold continue to fall?Yesterday, the price of gold experienced a significant increase due to a substantial decline in the value of the US dollar, reaching its lowest point in over a month. At present, the gold market is displaying strong resistance following the Federal Reserve's indication of the potential for two additional interest rate hikes this year. This has heightened experts' confidence in gold, leading to predictions that this valuable metal will sustainably surpass $2,000 per ounce. Downtrend is still dominant today 6/16 Hard resistances at 1,962 - 1,965 - 1,967. In these areas, you can watch Short Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1960 level.
OANDA:XAUUSDShort
by DNA_TradingFX
22
GOLD 21/6!! A slight recovery after the fallThe price of gold (XAU/USD) remains at a low point for the week, recovering from a three-day decline near $1,937. Investors are getting ready for an important event this week, which is the bi-annual testimony of Fed Chair Jerome Powell. It's important to mention that negative news about China, along with the Federal Reserve's hawkish stance and positive data from the United States, are keeping the bears in the XAU/USD market optimistic. Expect a slight recovery of the downtrend on June 20. But the downtrend is still dominant Can SELL price range $1946-$1950, SL 1960 Based on 2 technical indicators EMA 34, EMA 89 combined with the MACD, it shows that the 9 EMA crosses the upward signal line, showing divergence.
TVC:GOLDShort
by DNA_TradingFX
18
GOLD 19/6 @ Downtrend prevailsThe price of gold (XAU/USD) is currently being affected by negative market sentiment towards China and concerns about the Federal Reserve (Fed). It is currently trading near its lowest point of the day, around $1,955 in early Monday trading in Europe. Recent news about several banks lowering their growth forecasts for China has dampened investor appetite for risk and put downward pressure on the price of gold. Additionally, comments from Fed policymakers that lean towards a more hawkish stance, along with the latest report from the US central bank to Congress, have also influenced the XAU/USD price. It is also because of pressure from bad news from the world. Gold price has not been able to break through the Break out area of $1968, it is still trending down this week, June 19, 2023 Entry Short $1968 -$1970 , Buy zone $1943 - 1940 Use the technical analysis indicator strong resistance point at $1968 combined with the moving averages MA34 and MA89 , for a nice entry point .
TVC:GOLDShort
by DNA_TradingFX
17
GOLD 16/6: sideway in bearish zoneFollowing the US's decision to halt interest rate hikes, the European Central Bank (ECB) raised interest rates by 0.25 percentage points in order to boost interest rates in the euro area to 3.5%. As a result, the US dollar significantly depreciated against several currencies, causing a sharp decline in US bond yields. Consequently, the appeal of USD and bonds diminished for investors, leading them to redirect their investments towards precious metals. Consequently, the global price of gold occasionally experiences substantial increases of tens of USD per ounce. Gold price on June 16 is fluctuating at $1961 level Met strong resistance at the price range $1965 - $1967. The short-term main trend is not strong enough to overcome the resistance, watch for SHORT Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1961 level.
TVC:GOLDShort
by DNA_TradingFX
18
Short POS After Long Bull Rally!!!After an extravagant run to the upside bulls are now beginning A bear rally, I seen a strong drop to the downside letting me know bulls are exiting the market which gave me a sign of reversal to the downside. I then waited for a pullback which the market always has which then created a lower high which I took as another bearish signal to short the market I then waited for a nice entry position on the pullback which created the Lower High which I then opened a short POS with a Risk/Reward Ratio: 1.7 with my stoploss set at 0.5261 my entry at 0.5141 and my take profit at 0.4937. waiting for break of trendline which will trigger strong move to the downside and hit my take profit Please share your thoughts on what you think in the comments!!!
Short
by strongSwift18247