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12/05/2024

GOLD PROFIT AND LOSS REPORT:

WEEKLY REPORT 06 MAY TO 10 MAY AVAILABLE.

GOLD 100+ PIP
GOLD 180+ PIP
GOLD 60-PIP
GOLD 60- PIP
GOLD 140+ PIP
GOLD
180+ PIP
GOLD
100+ PIP
GOLD 70+ PIP
GOLD 110+ PIP
GOLD 150+ PIP
GOLD 170+ PIP
GOLD.
50+PIP
GOLD.
160+ PIP
GOLD.
60- PIP
GOLD. 100+ PIP
GOLD. 50+ PIP

TOTAL GREEN PIP = 1460+ PIP

TOTAL RED PIP
= 180- PIP

10/05/2024

DXY (US Dollar) Breakout Rejected & Pullback

May 10, 2024 22:32

The US dollar index pared most of its gains after the dismal US jobs data.

US initial jobless claims rose 22000 to 231k in the week ending May 4th, compared to a forecast of 210k. The weak US jobs renewed the chance of a rate cut by the Fed in June.

Hawkish remarks from the Presidents of the Federal Reserve in Richmond and Minneapolis supported the US dollar prices at lower levels.

According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 91.5% from 85.6% a week ago.

Major resistance- 105.40/105.60
Major support- 104.50/103.80

08/05/2024

DXY (US Dollar) Double Top Supply Zone Resistance

May 08, 2024 17:08

The US dollar index was trading higher for the third consecutive day.

With no major economic data this week, markets are focused on geo-political tension in the Middle East for further movement.

According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 91.1% from 90.3% a week ago.

Major resistance- 105.70/106.50

Major support- 104.50/103.80

08/05/2024

Gold Drop From Resistance Zone

May 08, 2024 08:02

Now We are keeping an eye on XAUUSD
expectation of a Selling opportunity around the 2333/2347 Zone if break more bullish. Once we get any Bearish confirmation, the trade will be executed. More info in the Chart

XAUUSD GOLD H4 CHART
There we go!

XAUUSD GOLD RUNNING, as planned.
So far, made a profit of almost New 615+ pip.
On Last Gold Prediction As Predicted

07/05/2024

Gold Support Zone With Key Level

May 07, 2024 15:40

Gold gained sharply amid improved risk appetite.
Read Till End

The market sentiment improved due to easing tension in the Middle East. Markets eye ceasefire talk progress between Israel and Gaza.

According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 91.3% from 90.3% a week ago.

Economic data for the day

US dollar index- Bearish. Minor support around 104.50/103.75. The near-term resistance is 106.50/107.40.
Technical:

The near-term support is around $2300, a break below the targets of $2290/$2280 The yellow metal faces minor resistance around $2320 and a breach above will take it to the next level of $2350. Signal

Buy $2310/$2300 with SL around $2280 for TP of $2450.
Sell $2350 with SL ar3und $2280 for TP of $2260

07/05/2024

US Oil (WTI) 4H Forecast

May 07, 2024 17:34

WTI crude oil is consolidating in a narrow range between $77.68 and $79.05 for the past three days. Read Till Emd
Hamas has accepted the proposals to end the seven-month war. Markets eye Israel's response to the proposal.

Geopolitical tension- ceasefire deal between Israel and Gaza under progress (negative for crude).
The immediate resistance is around $79.10. . On the lower side, near-term support is around $76.

Signal

Sell $78 with SL around $79.10 for a TP of $76.
Buy $76 with SL around $75 for a TP of $80.

07/05/2024

Gold Support Zone With Key Level

May 07, 2024 15:40

Gold gained sharply amid improved risk appetite.

*Read Till End*

The market sentiment improved due to easing tension in the Middle East. Markets eye ceasefire talk progress between Israel and Gaza.

According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 91.3% from 90.3% a week ago.
Economic data for the day

US dollar index- Bearish. Minor support around 104.50/103.75. The near-term resistance is 106.50/107.40.

Technical:

The near-term support is around $2300, a break below the targets of $2290/$2280 The yellow metal faces minor resistance around $2320 and a breach above will take it to the next level of $2350.

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