Gold successfully broke and closed above a key horizontal daily resistance yesterday. Our next strong resistance is based on the All Time High. I believe that the market will keep growing to 2140 level. I really want to see a pullback first though, to buy the market on a retest of a broken structure. ❤️Please, support my work with like, thank you!❤️
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily. The market closed on a key horizontal daily resistance. Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation. Wait for a confirmed breakout to buy. Alternatively, we may see a pullback from the underlined structure. I will monitor a...
Daily/4h time frames analysis on Gold. Price action. Important key levels. Trading plan. ❤️Please, support my work with like, thank you!❤️
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a...
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly. Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price break 2080 leaving a open gap to 2092 but EMA5 is lagging behind. Although we have open target now at 2092, we will need to see ema5 and price meet and attach between 2080 and 2065 for some correction. We have our retracement range at 2065 - 2052. We will...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price break into the new range and playing between 2085 resistance and support at 2079 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range A bearish test to support at 2079 and a break and lock below this level will open...
Gold climbs to multi-week high near $2,050 as US yields edge lower Gold gained traction and advanced to its highest level since early February above $2,040 on Thursday. The benchmark 10-year US Treasury bond yield drops toward 4.2% after US PCE inflation data, providing a boost to XAU/USD. Gold has been considered a highly valuable commodity for millennia and...
Gold prices rallied as traders pushed the market higher, rebounding from a slight dip the previous day. Despite concerns about geopolitical tensions in the Middle East, the precious metal remained within striking distance of a two-week high reached last Thursday. The US Dollar continued to weaken, influenced by declining US Treasury bond yields, which acted as a...
Hey Everyone, Another fantastic finish to the week smashing all our Bullish targets and strategically taking our buys from every dip. Yesterday we stated after completing 2044 and 2048 targets, that we will be looking for ema5 to lock above 2048 to open 2055 and potentially 2064. - We got the cross and lock above 2048 confirming 2055 and 2064, which were both...
Gold News: ReadFrom a technical perspective, the overnight breakout through the $2,040-2,042 horizontal resistance was seen as a fresh trigger for bullish traders. Moreover, oscillators on the daily chart have been gaining positive traction and support prospects for an extension of the recent goodish rebound from the YTD low, around the $1,984 region touched 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....
💡After breaking the Support line , Gold managed to attack the Resistance lines with a Bullish Marubozu Candle . 🌊Regarding Elliott wave theory , Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C . 🔔I expect Gold to start rising again from the 🟡 Potential Reversal...
Multiple time frame analysis for Gold. Key levels, price action. Trading plan. Potential scenarios. ❤️Please, support this video with like and comment!❤️
Gold remains very weak for 2 weeks. Analysing a daily time frame, we can see that the market is consolidating and trading within a very narrow range. The last 4 daily candles are even trading within the range of a strong bullish candle. That is a perfect example of inside bar formation. Depending on the reaction of the price to the boundaries of that...
Gold has reached the top of the 4H Channel Down pattern, while the 4H MA50 and the 4H MA200 just formed a Golden Cross. Despite that, and as long as the 1D technical outlook isn't bullish (RSI = 54.450, MACD = -0.200, ADX = 28.783) but more importantly the price is inside the Channel Down, the sentiment remains bearish. The 4H RSI is on the same kind of Bearish...
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....
Daily/4h time frames analysis for Gold. Price action & key levels. Directional bias & trading plan. ❤️Please, support my work with like, thank you!❤️