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Gold price remains positive on the daily chart
XAUUSD
, 1D
Long
XAUUSD: Gold price remains positive on the daily chart
Updated 

Fundamental Slower US GDP growth and rising unemployment claims weaken the Greenback. Traders eye April’s PCE inflation data, which could dictate XAU/USD’s direction. Traders are anticipating the release of April’s Personal Consumption Expenditures (PCE) Price Index, which is the Fed’s preferred measure of inflation. The core PCE figure is expected to be 2.8%...

Beautiful N Pattern in Gold Towards $2300
XAUUSD
, 240
Short
XAUUSD: Beautiful N Pattern in Gold Towards $2300
Updated 

Beautiful N Pattern in Gold Towards $2300 Disclaimer: This is not a trading signal. Enter at your own risk. I am not entering a new position now. I have already shorted from $2361 and placed my stop-loss in the profit zone.

Falling Three Pattern on the Daily Chart
XAUUSD
, 1D
Short
XAUUSD: Falling Three Pattern on the Daily Chart

Falling Three Pattern on the Daily Chart A falling three pattern has formed on the daily chart. If the price breaks below the Kumo, it could reach $2285 by Monday. Disclaimer: This is not a trading signal. Enter at your own risk. I am not entering a new position now. I have already shorted from $2361 and placed my stop-loss in the profit zone.

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