Gold / XAUUSD hit the 1day MA100 and rebounded again over the 4hour MA50. That is the same bottom confirmation signal that the market gave on March 9th. The 4hour MACD is about to make the 3rd straight Buy Cross on a Rising Support again same as in March. Buy and target 1985.50 (Resistance A) short term, 2020 (Resistance B) medium term and 2080 long...
Gold made the expected bottom and rebound on the 1D MA100 and crossed over the LH of the May corrective wave. It also broke over the 4H MA50 with technicals turning bullish just before today's pull back that brought them back to neutral (RSI = 44.078, MACD = 2.520, ADX - 28.652). This is a standard technical pull back for Support retesting after a bullish...
After expressing our concerns about gold's rally in early May 2023, we saw it tumble as low as $1,932.11 just two days ago. Since this low, gold’s price rebounded above $1,970 and then weakened again. Currently, it trades near $1,955 per troy ounce. That brings us to a similar assessment as in our previous article, and we will pay attention to the two closest...
Splish splash, I was taking a bath, Long about a Saturday night, yeah. A rub dub, just relaxing in the tub, Thinking everything was alright. Like Bobby Darlin in his song, gold should also take a refreshing bath in the turquoise zone between $1840 and $1713 soon. Therefore, it must drop below the support at $1936 to gain further downwards momentum. Thus...
Gold / XAUUSD is trading on the 1day MA100 at the bottom of the long term Channel Up. The downside potential is technically limited to a -7.95% decline on the dotted Channel trend line. The lowest risk trade is to buy after the price crosses above the 4hour MA50. Target 2080 (All Time High). Previous chart: Follow us, like the idea and leave a comment below!!
Hello traders! ‼️ This is my perspective on XAUUSD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental analysis: Next week on Friday we have news on...
In the last article, we expressed a bullish bias for gold in the long term. However, we also noted that we could not ignore certain worrying signs that were putting us on a high alert in the short term; in particular, we mentioned 20-day SMA and 50-day SMA closing the gap and low volume accompanying the price higher. Since then, the price of gold has slumped from...
In the current financial landscape, gold continues to emerge as a resilient asset, demonstrating impressive growth year to date. With an 11% increase in value thus far, gold's performance surpassed last year's modest 1.3% gain during the same period. This remarkable appreciation can be attributed to a combination of multiple factors, including economic...
On the daily chart, Gold (XAUUSD) has formed a rising wedge which is a bearish pattern. This was followed by a sharp bear trap and a double rejection of the bulls at the consolidation zone. We are looking at a possible correction in the price of gold in the coming days toward 1982/1934 zones.
Like James Bond, gold seems to prefer shaking to stirring, as its recent movements suggest. In the course of wave B in turquoise, the metal has been bucketed about quite thoroughly and still has got some room left to expand the current ascent. As soon as wave B in turquoise is finished, though, gold should turn downwards and resume the overarching descent by...
We see potential bullish consolidation on Gold H4 timeframe. 2010 level was a strong resistance and now we see FakeBreakOut on this level. 1935 is support zone, 1917 is place to put buy limit order...
According to my graphical analysis of the Gold future , there is a probability of an increase towards the 2040$ level in the next few days .
Gold glows as risk blows. Multiple bank failures and shotgun bank marriages are bringing back scary memories of 2008. Amid gloom, demand for gold blooms. Gold is a resilient store of wealth, offers durable portfolio diversification, exhibits lower volatility relative to equities, and serves as an inflation hedge. As described in our last paper , among the six...
As you can see the market now preparing to continue pushing up . we have a good trendline + good confirmation
According to my graphical analysis of the Gold future , there is a high probability of an increase towards up , so i will let you know when is best time to do that thanks in advance.
Gold to run up on a bull flag - high probability target 2850 Entry 1970 it's possible to get a correction first before it goes up? this is not financial advice. good luck!
Gold has reached the TP line near 1986 today, and long positions around 1975 have gained a complete victory! Currently, the candlestick is oscillating near 1978, with a small support at 1974 below, followed by 1963. A simple breakthrough provides an opportunity for us to go long, but if the body falls below, the nature changes and the support becomes...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " ABC " Corrective Wave Symmetrical Fibonacci Level - 50.00% Double TOP H & S Shoulder Rising Wedge as an Corrective Pattern in Short Time Frame , Rejecting from the Upper Trend Line