Xauusdforex
GOLD IS READY TO INCREASE IN PRICEGold prices fell near $2,300 per ounce on Tuesday, hovering at one-month lows, as investors wait for US inflation data and the Federal Reserve's policy announcement later in the week. Traders will closely monitor for cues on when the Fed might begin reducing rates, in light of a stronger-than-expected payroll report last Friday.
🔴SELL GOLD: 2320 - 2322, SL: 2327
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
🔝Technical analysis:
Gold experienced a sharp fall after being affected by two important news about China stopping buying gold in May and Nonfarm being very good for USD.
Today Gold is staying in the price range of 2320$ -2280$. Waiting for the scalp is the breakout strategy here
⛔️Breakout:
📈 Breakout on: 2309 - 2320 - 2329
📉 Breakout below: 2286 - 2280
🔼Support: 2286 - 2280 - 2274 - 2268 - 2259
🔽Resistance: 2308 - 2320 - 2329 - 2338
GOOD LUCK EVERYONE👍
XAUUSDGold price has shifted to a bearish trend on the 4-hour timeframe after completing an Elliott Impulse Wave 12345 & ascending trendline breakout and is now following an Elliott Correction ABC. Entry for selling is recommended after the correction reaches 50% to 61% retracement, confirmed by bearish price action signals.
Xauusd confirm signal sell Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2345
Target 23435
Target 2300
Xauusd confirm sell Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2338
Target 2330
Target 2318
Target 2305