The target price for gold is around 2179-2182Like I mentioned in my article yesterday. Gold will continue to rise after Asian markets open. Because of the boost in risk aversion
At present, we need to focus on whether the 2170-2180 first-line position can hold its own. This depends on the influence of the weekend news.
I still think gold prices will continue to rise. Jack’s take profit range is 2179-2182
Xauusdwave
Key factors from the Fed meetingEconomists in large part assume the Federal Reserve to hold hobby quotes unchanged withinside the 5.25-5.50% range.
Risks lean in the direction of a much less dovish outcome, with the opportunity of the Fed`s midpoint for 2024 growing to 4.9% or simply fee cuts for 2024.
GBP/USD's preceding support-turned-resistance at 1.27100 may want to placed a short-time period ground below costs and gas a healing this week
Now the Fed continues exports unchanged and gold will increase
XAUUSD New Week Buy / Sell ? Pair : XAUUSD ( Gold / U.S Dollar )
Description :
We have Break of Structure and Completed its Retracement
Impulsive Waves " 12345 " and " Corrective Waves " ABC " Completed
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Strong Divergence in RSI
XAUUSD Gold Buy / Sell ?Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves. Bearish Channel as an Corrective Pattern in Short Time Frame. It has completed the Break of Structure and Retracement. 2036 - 2042 is Acting as a Strong Resistance in Short Time Frame , Possible Entry After Rejection or Breakout
XAUUSD - DAILY PLAN 01/09: Follow Up TrendXAUUSD - DAILY PLAN 01/09:
- Gold prices fell sharply today under pressure from rising Treasury yields as expectations of interest rate cuts by the US Federal Reserve (Fed) are fading and investors await inflation data. US inflation this week to provide more clarity on the future interest rate path.
- A report released late last week showed the United States created more jobs in December than economists in a Reuters poll expected. That has raised some doubts about the possibility that the US Central Bank will start cutting interest rates in March.
- According to the CME FedWatch tool, the market currently forecasts a 69% chance that the Fed will cut interest rates at the Fed's policy meeting on March 19 and 20. The US is expected to release consumer price index data on Thursday.
📌Trading plan:
🔼 Buy Gold Entry: 2019 - 2017
Stop Loss: 2014
Take Profit: 2026 -2038 -2045
🔽 Sell Gold Entry: 2048 - 2050
Stop Loss: 2053
Take Profit: 2038 - 2027
XAUUSD 10.12.23 SELL & BUY PROJECTIONReason For Bearish
1.Bearish Engulfing Formed
2.Breaked 2012 and waiting for retest 2012
3. Approaching Next Support @ 1980
Reason For Bullish
1.Obey Strong Support @ 1980
2. Obey Golden Ratio 0.631 Fibonacci retracement
Overall Possible Outcomes
XAUUSD SELL@ 2010-15
SL 2022
TP1 1980
XAUUSD BUY @ 1980
SL 1960
TP1 2000
TP 2 2020
Gold: Rise continues with 1924 direct gains
The gold hit 1930 again during the day. Although it pulled back after encountering resistance, the magnitude was not large, indicating that the upward trend continued and the bulls were strong! Continue to follow the trend in operation! The US market 1924 can be more direct!
Judging from the trend, gold is still bullish. The current position of 1930 is the early consolidation pressure position. It is normal for the market to fluctuate and adjust at this position! At the same time, we are also waiting for the Federal Reserve’s interest rate decision in the early morning of Thursday!
Gold is now treated as a shock, but it is a shock in the process of rising. The operation is naturally based on low and long! Therefore, relying on the support, we should continue to go long in the U.S. market, but we should not chase the rise after a new high. We should be short at the high position or wait for the fall to continue to go long!
Gold 1924 long, stop loss 1918, target 1940
Gold: Start to pull up the US market and continue to be bullish!
1915 The current price is long and bullish! Although the Asian-European trading market is relatively dark, it is still profitable now! The rally remains unchanged, and the US market continues to be bullish!
Gold has now clearly turned into a bullish upward trend. In the short term, it maintains a shock above 1910. In fact, it is gaining momentum for another rise, and the operation continues to be low and bullish! Next, gold will continue to rise, and the next pressure position is the 1930 position!
Relying on 1910, the U.S. market continues to be low and bullish. Recently, the market has mostly occurred in the U.S. market, and it is more direct! Wait for the explosion!
Gold is more than 1915, stop loss is 1907, and the target is 1930.
Gold: shock today, continue to be bullish to 1920
Yesterday, gold did not stand firm at 1900, but another shock, first falling and then rising, but we took profit, but it continued to increase at 1900, and continued to be bullish. At present, the main logic has not changed. If it does not break through 1900, it will not buy, and there will be many shadows in the short cycle Line support, the decline in gold prices is obviously limited, while silver rises first, gold is expected to follow closely, and continue to be bullish on gold. It can be more directly around 1885-1900, and the profit stop zone is at 1995. Pay attention to controlling risks.
XAUUSD: Summary this week and analysis next week
This week's market is over, during which time our signals were very accurate and we made a good profit. Next week, the precious metals market will usher in the Federal Reserve interest rate resolution, followed by Powell's speech, these news will bring big fluctuations, and the wonderful continue next week, everyone continues to pay attention to, must stabilize returns
The US index rebounded in a volatile week, the Fed's decision to raise interest rates next week is expected to support the dollar recovery, the next week, the market will usher in a super week of central bank meetings. The Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of Canada will all release their latest decisions. On the economic front, attention will be focused on the preliminary U.S. second-quarter GDP and initial jobless claims data on Thursday, and the final University of Michigan consumer sentiment index for July on Friday
Join me and don't let procrastination and hesitation stop you from making money!
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway, we expect that GOLD will go UP to 2070 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
Gold Breakdown Analysis 27/03/2023Dear traders gold still in consolidation at this moment market will be manipulated you so may times ..well as I said in chart if price came and close above 1978 it will be a chance to buy in correction target will be 1988 and the second senario if price reject 1994 and close below it will be a sniper entry and high chance to sell gold from that zone
Trade safe
Ramadan karim
XAUUSD BULLISH CONTINUATION 26.03.23Reason for Bullish
Technical
1. Retest Support of 1960 and Make Futher Bullish Movement
2. Expecting Breakup in Ascending Triagle Pattern which Push Higher to 2074
Fundamendal
Dxy Clear Downtrend Continuation
Retesting 103 and Make Lower Which Moves towards Our pattern
Overall Possibel Outcomes
XAUUSD BUY @ 1960
SL 1930
TP 1 2000
TP 2 2074
XAUUSD SKY ROCKET AGAIN 19/03/23Reason Behind XAUUSD Bullish
1. Breaked out in W Pattern Pattern confirms Bullish continuation
2. Strong Continuation in Uptrend Channek
3. Bulllish Spinning Top Confirms Further upward Movement
4. Probably Retest Zone 1960
Overall Possible Outcomes
XAUUSD BUY @ 1960
SL 1928
TP 2074
XAUUSD Gold New Week MoveXAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern and Rejection from the LTL
Selling Divergence
It can Possibly Reject from the UTL at the Daily Resistance Level Making its Second Top
Break of Structure
Broke the Fibonacci Level - 78.60% with Strong Bullish Price Action
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway, we expect GOLD to go up to 2020 LEVEL. Before that, GOLD may go down to the 1900 LEVEL with the FOMC UPDATE. Be careful..