Ak_capitalist

Ak_capitalist

The gold market remains steady, holding its position around $2580. A massive imbalance has formed, signaling potential bullish momentum within the current trend. This imbalance is expected to be filled as the market moves towards the $2600 range, indicating strong upward potential in the near term. #GoldMarket #XAUUSD #BullishTrend #GoldTrading #MarketImbalance...

Ak_capitalist

In response to the CPI data, the DXY is expected to strengthen, potentially leading gold prices to sweep more imbalances to the downside. Despite this, the overall market sentiment for gold remains bullish, with any downward movement likely to be a correction before resuming its upward trajectory. #GoldMarket #CPIData #DXY #GoldTrading #XAUUSD #BullishOutlook...

Ak_capitalist Updated 

Gold opened with a move to mitigate the imbalance at $2485, aligning with the current daily candle formation. This suggests that the market is set to induce supply pressure around the $2503 level. Traders should watch for potential resistance near $2503 as the market responds to this supply zone. If the price reaches this level, it may present an opportunity for a...

Ak_capitalist

The DXY remains in a stable bearish channel, dropping from the 104.000s to 101.000s, with potential to decline further to the 99.000s. Weekly candle formations suggest continued downside movement as the market seeks additional supply after opening the week around 100.000s. Key support levels at 99.000s will be crucial for future direction. follow for more...

Ak_capitalist Updated 

Akcapitals analyzed the gold market in response to the upcoming NFP (Non-Farm Payroll) news release. The analysis suggests a potential downward sweep in prices to the range of $2537 through $2528 before the market reacts to the news. This movement could signal volatility, as the market may adjust before deciding its next direction following the NFP release....

Ak_capitalist

According to Akcapitals' analysis, gold is trending downward with prices potentially heading towards the $2440s after testing the $2460s demand zone. This movement is viewed as a corrective phase before the market resumes its bullish trend. The $2440s are seen as a key demand zone where strong buying interest could emerge, paving the way for a potential rebound. ...

Ak_capitalist Updated 

Reaction to Imbalance and Potential Move to $2512: Having reached the $2490 level, the next focus is on the market's reaction as it addresses the price imbalance between $2490 and $2512. The goal is to gather sufficient demand at $2490, which could provide the momentum needed to attempt a move back towards the $2512 range. Potential Move to $2512: If $2490 holds...

Ak_capitalist Updated 

Retracement to $2515: The gold market is currently experiencing a retracement to the $2515 level. This pullback aligns with the daily candle formation, suggesting a strategic move to seek more demand and prepare for the next phase of movement. Key Observations: Purpose of Retracement:The current retracement to $2515 appears to be a calculated move to fill...

Ak_capitalist Updated 

Gold continues its upward trajectory, reflecting strong buying interest as it seeks to address existing imbalances in the weekly and daily candle formations. The current pullbacks are strategic, aiming to harness more demand and strengthen bullish momentum. Targeted Price Levels for Demand: The market is targeting price levels between $2500 and $2503 as critical...

Ak_capitalist Updated 

Current Market Overview: pullback to supplies at 2500"s to mitigate $2470s through 50 Gold recently mitigated around the $2470s, indicating a move to absorb prior market imbalances till 2500's. After this mitigation, the market has shown its behavior to, seeking further supply to continue its downward trajectory. slips Towards $2450s Demand Zone: The daily...

Ak_capitalist Updated 

Consolidating Pullback: Gold is currently experiencing a consolidating pullback, with prices moving towards the $2507 to $2512 range. This pullback is seen as a potential setup for gathering more selling momentum, especially in anticipation of upcoming economic events. Influence of the New York Session and Unemployment Claims: The pullback is occurring ahead of...

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Ascending Sweep: Gold is currently moving within an ascending ranging channel, sweeping higher to mitigate prices. The target for this upward movement is now $2519, where the market might see some significant action. Mitigation at $2519: The price is expected to reach $2519, which could act as a key level where the market might consolidate or reverse. This level...

Ak_capitalist Updated 

Current Market Overview: Price Peak and Reversal: Gold achieved a new peak, hitting a higher high (HH) before reversing sharply. This reversal marks the beginning of a strong sell momentum, indicating a shift in market sentiment.sit tight folks ... comment .. and boost idea

Ak_capitalist

Current Market Overview: Mitigation and Price Action: Gold has successfully mitigated the $2380s through the $2360s, indicating that the market has absorbed the prior liquidity. Following this mitigation, gold broke out of the bearish ranging channel, signaling a shift in market dynamics. Bearish Pullback and Momentum: The breakout led to a pullback, likely...

Ak_capitalist

Gold has marked a new high at $2500 per ounce, reflecting strong bullish momentum. A potential retracement to $2380 is expected, serving as a liquidity sweep to gather buying interest and regain momentum for the bulls. This $2380 level is crucial for future price movements, with the market likely to resume its bullish trend from this support zone. Traders should...

Ak_capitalist

As of Wednesday, gold has made a move to $2410, as anticipated. The market is now looking for more upward thrust towards $2421 before potentially declining to gather momentum. Expected Movements and Key Levels: Current Price at $2410: The price reached $2410, meeting the first significant resistance level. Move to $2421: There is an expectancy for gold to...

Ak_capitalist

DXY Analysis: The US Dollar Index (DXY) is currently rallying towards its Last Significant Psychological Level (LSPY). This rally suggests potential strength in the US dollar in the short term. Gold (XAU/USD) Analysis: Given the inverse relationship between DXY and gold, the rally in DXY could initially suppress gold prices. However, it is anticipated that once...

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Price Movements and Analysis Starting Price at $2390: The week begins with gold priced at $2390. Move to $2401: The price moves upwards to the first point of interest at $2401. This move could be driven by bullish sentiment or buying pressure early in the week. Sweep to $2410: The weekly candle formation indicates a potential sweep to the psychological level of...