Hello everyone
Gold analysis for this week, the direction of gold is still upward, we have two buy zones, the 1st one starts at 2373$-2362$, the 2nd zone starts at 2318$-2302$ these two zones have the potential to bring gold up to a target of 2497$, and if the zone of 2373$/2362$ breaks with a 1H candle it will go down to 2318$
Just keep in mind that this...
Weekly Analysis:
Price has been printing further all time highs. Below analysis remains the same as last week's weekly analysis dated 07 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing...
Welcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short...
GOLD is again stays below 1645 key area try to enter in sell trade direction.
FOMC & BOE meeting remain on the agenda of upcoming week, so use strong money management.
Gold seems to be moving in respect to a downtrendline & gold might continue to move down to retest 1680 key zone if it makes a breakout of 1711.34 or create new lower low if even closes below 1681.50.
However if it breaks out of 1808.34 with further bullish momentum then it would be making a breakout of the downtrendline & could shift to an uptrend from the downtrend.
The gold price fell from an all-time high to about 1,100 pips last week. Though last week's start was good, the gold dropped nearly 1100 pips in the last three days of the last week.
This is why gold prices had dropped.
First, there was some news at the meeting between Ukraine and Russia. As long as both sides agreed to make some concessions, they could work...
The strengthening of the US dollar and the narrowing of the yield differential between US T-bonds have fueled the rise of XAU/USD. Furthermore, in response to Jerome Powell's comments on Friday regarding high inflation, the gold price rose to its highest level since early September at $1 815.50 before falling again shortly after.
Before this weekend's holiday...
In this post, we will analyze the weekly Forex gold with the symbol XAU/USD.
Fundamental analysis
According to a previous analysis of the EUR/USD , fundamental news will be released next week, which could cause strong volatility.
At the beginning of the week, when the OPEC meeting takes place and US banks are closed, we expect investors to pay attention to...
The monthly chart on gold is showing that we have created a big doji in an overbought zone. This may be signaling for the sell.
Currently, price looks like it's consolidating on a higher time frame. So what I'm waiting to see is will it break the overall bullish trendline for the short, or will it bounce off the 1924.42 zone to continue up into unknown...
Back from a brief hiatus due to illness.
So let's continue.
Gold is looking bullish for the start of the week. But I'm not sure if it will hold. When the move is confirmed, I'll be taking it to the weekly 1757.72 area and awaiting which direction it'll continue for the remainder of the week.
So this is why you're seeing two directions indicating where the...
