Gold: Doji, Fedspeak tease bears below $1,800
Support levels: 1,762.90 1,750.00 1,738.35
Resistance levels: 1,782.30 1,794.60 1,803.15
Gold price (XAUUSD) remains depressed at around $1,770 while justifying the previous day’s bearish candlestick formation, as well as sluggish market conditions, during Tuesday’s Asian session.
Analysis:
Technical Overview
The...
Gold pulls back towards $1,750 ahead of Biden-Xi talks, Fed’s pivot eyed
Gold price (XAUUSD) consolidates the biggest weekly gains since March 2020 around $1,762 during Monday’s Asian session. In doing so, the bright metal prints mild losses inside a one-week-old bullish chart pattern.
Gold price is seeing a brief so-called bull flag formation on the daily...
#EURJPY
- EURJPY currently has an UPSIDE BIAS. XXXJPY CURRENCIES are being BUY very fast with JPY WEAK after the INTERVENTION. The reason is that the JPY INTERVENTION has become PRICE. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going DOWN, XXXJPY CURRENCIES are BUYING fast now with JPY WEAKNESS. Perhaps the EURJPY 150.88...
Gold Analysis Monday 7 November
Gold performance last week: Gold made high at $1682 and closed at $1681.
Today, gold opened at $1672. Support is at $1654 and resistance is at $1686.
Fundamental events today according to Pakistan time
01:40 PM, European central bank President speech
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about XTIUSD. XTIUSD is at a strong support level. From this area we can see a Bullish wave to price level 100. As today is Friday market is slow. But as soon as volume will increase we will see a good Bullish Trend.
Keep in touch we will update further soon.
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about XAUUSD. XAUUSD is going to hit main support level. From this support level we can see a good bounce but if it breaks this level we can see price around 1550.
Keep in touch we will update further soon.
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURUSD. EURUSD is at top of main channel Pattern. And this is try to break this area but volume is not supporting this. Here we can see a small drop in price after that it will again Bullish.
Keep in touch we will update further soon.
Hy dear Members hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPCHF. GBPCHF Is making Rising Wedge Pattern. That indicates that after breaking this rising Wedge we can see a good drop in price. We can see price around 1.09 After this.
Keep in touch we will update further soon.
GBPUSD SELL @1.13400
TP1 @1.13200
TP2 @1.12900
TP3 @1.12400
SL @1.14200
Note:- Trade in sell stop only. Use exact Entry or below this level. We are getting here a support after this Breakout we can see our targets.
Like a playful dolphin, gold has jumped above the resistance at $1770, only to dive right back into the blue zone between $1751 and $1709. Now it has to decide whether it wants to do some more tricks in the water or has already completed wave (ii) in blue. As soon as it has finished the counter movement, though, gold should climb out of the blue zone and above the...
GOLD is moving in an ascending channel, resulting in higher highs. The market is in a bullish trend.
We expect a breakout of the resistance level and a test of the upper border of the channel.
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GOLD is consolidating.
There is indecision in the market.
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Gold confirms rebound since maintaining above 1737. Tomorrow it can rise to 1786, which could be a solid resistance to this rebounding. Hence, it may perform corrections to 1758 -1747.
The critical point is 1786. Gold can choose its direction at this key level in following cases;
1. If gold can break and surpass 1786 for 1-2 hours, it might surge to 1881 (wave 3)...
GOLD is testing resistance levels.
Price action created a compression channel with divergence.
Retracement is expected.
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I am not sure. The price has indeed broken a trend line, but in my opinion, the price will test the higher price areas first, and after forming a new top, it will begin a larger correction.
All targets are Achieved. Tast's an update. As I said in the GOLDUSD chart analysis on July 27, the price dropped to the $1710~$1705 range and started rising to around the price of $1757.
