Looking at the 15m and 5m gold timeframe we can see potential scalps going both ways here. Looking to scalp gold on the 5m timeframe, sells are looking a lot more probable for me but I wouldn't shy away from buys if we can see a break of the 1917.653 level, followed by a liquidity grab towards 1915.874.
Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1914.50. Taking into consideration the structure & trend analysis, I believe that the market will reach 1960.53 level soon. P.S Please, note that an...
GOLD if it is below 1920 the direction downwards going until it reaches 1914 and 1902 then 1885 if it falls above 1920 the direction is going to touch 1930 again and 1945 Pivot Price: 1920 resistance price: 1930 & 1945 & 1953 support price: 1914 & 1902 & 1885 timeframe: 4H
USOIL currently moving in parallel channel trade accordingly.
Preferred direction: SELL Comment: Buyers here also failed to take advantage of the 1912 support level, and the price only slowed down the fall, but did not reverse the price. Given this fact and the general context of the market, the level of 1912 is most likely to be broken down in the near future. The next stop of the metal is likely at the level of 1900, a...
Preferred direction: BUY Comment: The US dollar continues to put pressure on all major currency pairs at the beginning of the week. It is most likely to count on such a trend in the first half of the week, at least. The American still has a place to strengthen, and the franc is no exception. We continue to consider the level 0.87757 as a starting point upward...
As GOLD is falling from couples of week & the strengthening of USD may come to an end. Here we can see the GOLD has tried thrice to break the support area but still stays in the same level & so we are believing the BULL move back to resistance area.
As GOLD is falling from couples of week & the strengthening of USD may come to an end. Here we can see the GOLD has tried thrice to break the support area but still stays in the same level & so we are believing the BULL move back to resistance area.
Preferred direction: SELL Comment: The British pound is still considered for sales, and the accumulation at the level of 1.26989 just allows generating fuel for this campaign. We can confidently consider the target for such a potential deal at the level of 1.25381. Thank you for like and share your views!
Gold is bearish! But it is around a reaction leve, We could expect a correction for the first days of this week! There is high probability of retrace back to main trend around 1935. TP's might be weekly camarilla resistance levels , 1921 and 1912. Our final TP is overlapping of middle of bearish channel and HTF bullish Order_block! Best regards, Alisignals
In the ever-evolving landscape of global economics, precious metals like silver, often serve as key indicators and safe havens. This week, we'll explore the factors making silver an interesting prospect in today's market. Current Macroeconomic Indicators: The latest Consumer Price Index (CPI) data indicates a slight increase in the US for July, registering at...
Gold is testing trend resistance again, Price is forming a strong consolidation and there is a noticeable lull in the market, most likely before the storm TA on the high Timeframe: 1) Local support is forming at 1912, and consolidation near the level 2) There is still a potential for a decline to 1902. TA on the low timeframe: 1) Price is forming a bounce from...
The crucial support and resistance areas influencing the market path are as follows: Support: $1,910 - $1,900 USD Resistance: $1,925 - $1,929 USD Trading Recommendations for the Day: BUY XAUUSD at 1910-1909 Stoploss: 1906 Take Profit 1: 1915 Take Profit 2: 1920 Take Profit 3: 1930 SELL XAUUSD at 1926-1927 Stoploss: 1930 Take Profit 1: 1920 Take Profit 2:...
Key News: USA - Consumer Inflation Expectations At the end of the week, the Dow wrapped up with a slight increase, achieving a modest upward movement over the course of the week. However, the potential for further upward momentum was curtailed by resurgent concerns surrounding inflation, which triggered a rise in Treasury yields. These apprehensions about...
The gold market has been volatile in the past few days, prompting us to maintain a neutral stance in the short term. However, what caught our interest during this time was MACD trying to cross through the midpoint on the daily chart. If successful, this event will likely coincide with more weakness in gold, potentially dragging it toward the area between $1,900...
In a world painted red by declining Asian equity markets, a new wave of global risk aversion has emerged, casting a favorable light on the ever-gleaming safe-haven asset, Gold. As concerns about China's economic growth slowdown, escalating US-China relations, and geopolitical tensions mount, investors are increasingly seeking refuge in the precious metal. The...
OANDA:XAUUSD is in a local bearish trend. Within the current trend, the price is testing resistance. Two scenarios are possible: either a breakout or a rebound. What to expect? The price tests the trend resistance and goes beyond it. If the price can consolidate above the level of 1914 after the channel breakout, the price may form a potential upside to...
2023.8.14 The upward space for USD has opened up Hello, I'm Older Duan. Today is Monday, August 14th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, USDX has arrived at the top of the...