Layers 2332-2334 Sl @ 2338 1st tp @ 2328 2nd tp @ 2322 3rd tp @ 2316 4th @ 2312
#gold #xauusd chart has bearish patterns in STF and weakened. Expecting more sales. Not financial advice.
Based on my observations, the current resistance used to be a strong support on the daily timeframe. A solid breakout indicates that the price is now moving towards a new level. I'm targeting this 2332 resistance as the golden zone for us to swing short towards the support at 2299. Show your support with likes and comments. Best regards, Zack
Gold News: Read the Latest Analysis on XAU/USD Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its...
Gold has struggled to approach the new all-time high around $2341, apart from the Friday push, and has traded sharply lower on Monday. The next level of support for the yellow metal appears at $2319.50 ($2320), which could indicate a deeper pullback towards $2222. Gold has been trading within overbought territory for an extended period of time and has finally...
Gold managed to recover its losses yesterday (biggest daily slump in almost 2 years) on weak US PMI data. The thought here is that sluggish growth indicators might push the Federal Reserve towards an earlier interest rate cut (although don't hold your breath), potentially increasing the attractiveness of non-yielding assets like gold. The rate of expansion in...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Gold stays under heavy bearish pressure and trades at its lowest level in a week below $2,350. The benchmark 10-year US Treasury bond yield stays in positive territory above 4.6%, forcing XAU/USD to stay on the back foot. From a technical perspective, the range-bound price action witnessed over the past week or so constitutes the formation of a rectangle on...
Gold is currently in an ending diagonal which breaks down into 5 waves with 3 waves each. It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level. For those that are interested in entering, watch for any sort of pullback and enter with stops above the...
Gold fail to break the 2400 to the top. Indicate a lack of interest of buyer. Second reason is the heat from Middle East War has cooled down. Making Gold start to correct after a strong increasing.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Using different analysis procedures, I am keen to publish this broken down xau swing movement which portrays a logical full liquidity sweep along the indicated zones after establishing a "rally-up", as well as the currently forming base before we see the drop thereby clearing the liquidity below . Do you still not understand? You can always leave a comment below...
Relative Strength Index (RSI): Above the level of 70, which may indicate a state of overbought conditions. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, and the histogram shows an ascending trend. Overall trend of the chart: candlesticks display a series of bullish candles indicating market momentum is upward. However,...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Gold has been in range, price have been trading at 2360 and 2396, however, we are still unsure of what next with Gold. Though fundamental and technical both sites showing that Gold may rebound to 2440 area however, recent volume and price behaviour says otherwise. Let's wait and see how price behave.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Gold price rebounds to $2,380 in Thursday’s European session after posting losses on Wednesday. The precious metal holds gains amid fears that Middle East tensions could worsen and spread beyond Gaza if Israel responds brutally to Iran.