GOLD in one big candle confidently returned to the channel frames. Before reaching the resistance the price volatility decreased. The price chart formed an ascending wedge, which is a reversal pattern. We believe that the pullback will take place after GOLD tests the resistance again. ------------------- Share your opinion in the comments and support the...
Gold price pares intraday losses, keeps the red amid modest USD strength ahead of NFP Gold price corrects further from the all-time high amid hawkish remarks by Fed officials. Some follow-through USD buying exerts some pressure ahead of the crucial US NFP data. From a technical perspective, weakness below the $2,265 area could expose the weekly swing low, around...
World gold prices fluctuated slightly with spot gold down 9 USD to 2,290.7 USD/ounce. Gold futures last traded at 2,310.5 USD/ounce, down 10 USD compared to yesterday morning. World yellow metal prices stabilized on April 4 (US time) after previously conquering an all-time high of over 2,300 USD/ounce thanks to expectations that the US Federal Reserve (Fed) will...
🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡 and near the upper line of the Ascending Channel. 🌊According to the Elliott wave theory , Gold seems to have succeeded in completing main wave 5 . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to have a downward trend in the coming...
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....
Many of you asked me to share the updated analysis for Gold. Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum: after a strong bullish impulse that the price formed last week, we see a contracting price action within a rising wedge pattern. The price managed to reach 2300 - an important psychological level. After its test, the...
World gold prices continued to increase sharply with spot gold increasing by 29.9 USD to 2,281 USD/ounce. Gold futures last traded at $2,302.10 an ounce, up $29.50 from the bright spot. World yellow metal prices continued to conquer new records on April 2 (US time) thanks to being supplied by safe-haven demand amid increasing tensions in the Middle East. The gold...
Gold is in a bullish trend, it retests fib 0.382 now ready to fly till 2300.
🏃♂️ Gold is moving near the Support line . 🌊According to Elliott's wave theory , Gold is completing microwave 4 of the main wave 5 . 🔔I expect Gold to rise to at least 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡. Gold Analyze ( XAUUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to...
GOLD continues attempts to break through resistance. Low volatility is becoming a harbinger of an exit from uncertainty soon. We expect a pullback to the nearest support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD instantly reacted with a decline on reaching resistance and the upper boundary of the channel. The price made a sharp pullback to the area of the ascending channel. We expect a retest of the upper boundary of the channel and then a pullback to the nearest support. ------------------- Share your opinion in the comments and support the idea with like....
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 is moving near the 🟡 Potential Reversal Zone(PRZ)($2,210-$2,197) 🟡 and has reacted well to this zone. 🌊According to the Elliott wave theory , the Double Three Correction(WXY) seems to have been completed. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to drop to at least one of the 🎯 Targets 🎯 I've...
GOLD is moving in an ascending channel. However, the price rebounded from the resistance level. The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level. We expect a bearish move to retest the support from the 50% fibo retracement level. ------------------- Share your opinion in the comments, and...
World gold prices inched up slightly with spot gold increasing by 5.7 USD to 2,176.5 USD/ounce. Gold futures last traded at 2,177.6 USD/ounce, up 4.6 USD compared to yesterday morning. The world gold market fluctuated slightly as investors were still waiting for US inflation data later this week to know more about when the US Federal Reserve (Fed) will begin to...
✅As I expected, the Gold (sniper) touched the 🎯 Target 🎯 of the previous posts . 🌊According to the theory of Elliot waves , it seems that Gold has succeeded in completing the main wave 5 and now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to continue its downward trend...
GOLD is retracing following the bullish momentum. The market has rejected the resistance and bounced off it following divergence. Price may create a head-and-shoulders pattern, which is a reversal pattern. We expect the dynamic support to break and fall to a 50% retracement level. ------------------- Share your opinion in the comments and support the idea...