COMEX:GC1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Gold Futures holding bullish consolidation after epic rally since early October due to Middle East tensions triggering a "Flight to Safety" trade + institutional short covering. Wait & see approach whether Gold will continue to climb higher within ascending...
Gold prices are trending lower, with mixed trends related to the end of the US Federal Reserve's interest rate hikes. Commodity markets have experienced significant volatility due to a variety of factors, including global economic concerns, weather-related impacts, production forecasts, and speculation related to reserve interest decisions. united states of...
Hey Everyone, We start of the week with our route map playing out with price dropping into the first highlighted retracement level at 1989 for a 30 pip bounce and then just shy of 1978. We are expecting reactions on this zone and, as such took advantage of buying 30 to 40 pips from the dips suspensefully. A break below 1978 will confirm further movement down...
Gold is forming a Head and Shoulders pattern on the 4H timeframe, which is turning bearish (RSI = 44.053, MACD = 0.190, ADX = 23.859) as the price can't stay over the 4H MA50, which has turned flat. If the price closes under the neckline of the pattern, we will short and target the 2.0 Fibonacci extension (TP = 1,935.50), which is slightly over the 4H MA200. See...
Gold price (XAU/USD) kicks off the new week on a weaker note and extends Friday's retracement slide from the $2,004 area or a multi-day high touched in reaction to softer jobs data from the United States (US). The prevalent risk-on environment – as depicted by a strong follow-through rally in the equity markets – is seen as a key factor weighing on the safe-haven...
if you consider on the shrinking candles in gold weekly time frame you will see the momentum loss suppose if the gold make a new high it will need to take the liquidity to find momentum for making a new high above 2100 levels. be alert about greed index
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. After a strong continuation of the strong move up over the last two weeks we saw price bounce between a range last week without clearing the 2000 range. We have another retest open at 2003 and a ema5 cross and lock above 2003 will open the range into 2018 and potentially...
Hey Everyone, Please see our updated 4h chart levels and targets. We had the test last week once again on the 1998 Goldturn weighted level in the 2000 range but failed to lock above 1998 weighted resistance on this chart. 1998 is now open again for a retest and a ema5 lock above 1998 will open 2017 and potentially 2032. 1981 is now support and a test at 1981...
Hey Everyone, This is the DAILY CHART idea that we have been tracking for a few months now and still playing out perfectly. We have update the resistance levels to help confirm further breakouts above. We have completed all our Bullish targets all the way into 1988 our updated Goldturn from last week. We have candle body closes above 1988 opening the range...
Good day traders, XAUUSD / #Gold has been consolidating for the last 24 months, I don't expect this to change until the USA admits that they are under a recession and I beelive this will only happen in 2025 when they officially go to war with the world's new super power China. We've seen something similar play out in 2002 when America saw that they were going...
Multiple time frame analysis for Gold. Price action, important key levels. Potential scenarios ahead of NFP. Trading plan explained. ❤️Please, support this video with like and comment!❤️
Here is my latest structure analysis for Gold. Resistance 1: 2005 - 2011 area Resistance 2: 2034 - 2048 area Support 1: 1942 - 1970 area Support 2: 1810 - 1820 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hey Everyone, Great finish to the week with our chart levels respecting and playing out, as analysed, allowing us to track and trade the movement in true level to level fashion. Both our weighted structures 1978 and 2005 held up and no ema5 break and therefore bounced between the range. We were able to take buys from every dip confirmed with our setups for the...
Gold price enjoyed a good two-way price movement on Wednesday, advancing toward the $2,000 mark ahead of the Fed policy announcements, as the US Dollar stalled its recovery mode amid sluggish US Treasury bond yields and a mixed market mood. However, Gold price changed course and tested the $1,970 round figure, in a knee-jerk reaction to the Fed’s policy inaction,...
Hey Everyone, We had a repeat of yesterdays action with pricing bouncing between our weighted level 1978 and 1989 just like we suggested yesterday. We continued with our plans to buy dips and safely took our TP while the price played tennis between our levels. We have to now wait for either of these levels to break with EMA5 and our confirmation to then track...
Gold price sticks to gains as US Dollar weakens with yields Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. Geopolitical tensions and China’s economic woes also contribute to the intraday positive move. A further rise in equity markets caps any meaningful upside for the safe-haven precious metal. Gold buy 1988 TARGET...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We had a continuation of the strong move up last week with price finishing off with testing weighted resistance at 2005 with a candle body close gap open to 2018. However, if we get a ema5 cross and lock above 2005 will open the full range above into the next weighted level...
Hey Everyone, Another great day for us with our route map playing out level to level. We got the full retracement test today at 1978, as suggested yesterday. We also stated that if ema5 fails to lock below 1978, we will see a rejection here. This played out to perfection with the rejection and weighted level bounce straight to the next level at 1989 -...