Nolan_Signal

Nolan_Signal Updated 

Hello traders! Gold had a significant volatility last week. It can be observed that with the Federal Reserve's tightening cycle coming to an end, the resistance that monetary policy has exerted on gold throughout most of 2023 is beginning to weaken, creating opportunities for the market to continue its breakout. As predicted earlier by Nolan, gold has indeed...

Nolan_Signal Updated 

Hello traders! On the 1D chart, we can see that a 5-wave Elliott pattern has formed. The downtrend from the high of 2050 has not been broken yet. Currently, gold has risen to a resistance level at 1888 USD, so a short-term price decline may occur with immediate support at 1860 USD. My target price is 1920 USD, with gold expected to reach the upper limit of the...

Nolan_Signal Updated 

Hello traders, Gold has shown its first signs of decline today after a week of continuous price increases. Currently, this metal is trading at $1873. With the value of the USD soaring overnight, the yield on 10-year US bonds has risen to 4.65% and 2-year bonds to 5.07%. This has put pressure on gold and there is a possibility of a downward trend in the near...

Nolan_Signal Updated 

Hello traders! On the 1D chart, the downtrend channel continues to be active, and gold is still developing positively this week with a high price of $1883. However, it has not yet broken out of the prolonged downward trend. Expectations are that after gold reaches the upper limit of the uptrend channel at $1910, there will be a drop. On the other hand, breaking...

Nolan_Signal Updated 

Hello traders, In today's analysis chart, EURUSD has broken out of the uptrend with the current price trading at 1.0544. The price is experiencing a slight recovery, but the overall trend remains bearish. The target for the downward move could potentially be the support level at 1.0460, as shown in the 4-hour analysis chart.