Looking back the pri...from Gold&Dow30 expert

Looking back the price action of yesterday's market and predict today's trend: XAUUSD on 12 December Trend: Down Time frame: 60 mins Current Price: 1985.46 Scenario one: Sell gold around 1990.00 with a target price of 1970.00 Alternative: Buy gold around 2000.00 with a target price of 2020.00 Comment: Trading below the resistance and moving averages favors the fall.

Edited 12 Dec 2023, 13:28

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Economic and fundamental developments 3-5-2024 The US dollar index settled near the levels of 105.20 points, while gold prices rose as it is trading at levels of $ 2308 an ounce. Oil prices rose at the beginning of Friday's trading session, with Brent trading at $83, up 0.32%, while West Texas Intermediate rose to $79, up 0.21%. Today, the eyes of the markets are on the release of US labor market data, which is expected to have strong repercussions on the movements of the US dollar. XAUUSD Trend: Down Time frame: 60 mins Current Price: 2306.65 Scenario one: Sell gold around 2313.00 with a target price of 2288.00 Alternative: Buy gold around 2325.00 with a target price of 2350.00 WTI USOILROLL Trend: Down Time frame: 60 mins Current Price: 78.86 Scenario one: Sell Oil around 79.66with a target price of 77.65 Alternative: Buy Oil around 80.67 with a target price of 82.70 US30 Trend: Up Time frame: 60 mins Current Price: 38448.00 Scenario one: Buy the index around 38393.00 with a target price of 38743.00 Alternative: Sell the index around 38223.00 with a target price of 37873.00 Comment: Trading above the support line and moving averages favors the rise

Gold&Dow30 expert

Last trading day of January done, and Fed's interest rate decision released-remain 5.5%. As expected, there is no clear clue for investors that shows the exact time of cutting interest rate, all Fed's move will be guided by key economic data. What is your future trading blueprint? 3 major US indices reached historic new peak and are probably going to have a retracement period. Especially for US30, 1000 points are possible. Still, we need more proofs from this Friday Non-farm payrolls How does the Fed's decision affect assets' future trend? Gold Take the monthly chart as reference, if there are no geopolitical affects, the price will stay above 1982 for long-term (1982-2082 zone) main trend. (screenshot below) But daily traders, please focus on daily key economic data, take advantage of high and low price triggered by the news. From yesterday gold price movement, it reached 2056, but closed at around 2039. For conservative daily traders, daily chart plus one hour and four-hour chart will be your reference. Buy at around 2039, 5-6 dollars as TP price, 3 dollars as SL price. Adjust it timely by your market sensitivity please! Do NOT act as a nerd!

Gold&Dow30 expert

For longer time, gold has been adored by investors or traders, which leads to being strongly attached to people's attention and heart. Last night performance, recorded the largest drop since last December. We can see the change of the long vs short positions! Technically, the next support level is 1990. Once breaks, 1980 is our next target. All eyes are on it and reviewing past three months chart, 1980-1960 zone will be a vital reference for investors. Long term strategy please check last week's post on gold. Daily analysis: Sell at around 1995, with the target price 1975. Buy at around 2005, with the target price 2025.

Gold&Dow30 expert