GOLD is in a strong Uptrend and today after a strong bullish impulse, the price had a retracement / Pullback in the support area where the value may continue to grow. We have recognized a Bullish flag pattern of continuation.
GOLD inside a Bullish trend may have a rejection on the Resistance Area in confluence with Level 78.6% FIBONACCI. We can have a Look at a new Bearish impulse by the GOLD, the price may form a Double TOP pattern configuration.
GOLD After the last bullish impulse the price is trying to mitigate again the value. The precious metal has been trading lower on Tuesday, giving away gains after a spike high to $1,835 seen on Tuesday. The moderately positive market mood, triggered by news that China is scrapping quarantine for inbound travelers has lifted the market mood in an otherwise quiet...
Gold seems to be preparing for a market correction and make a potential (A B C) or if default (1 2 3 4 5) as confirmation we have a trailing diagonal, harmonic bat pattern and strong downward momentum that can characterize a trend change.
GOLD the price After our Take profit made Yesterday the price is trying to recover value today but the trend in the short period looks at this commodity in a Bearish momentum. The price today is struggling in a resistance Area with the confluence of the Fibonacci levels our Forecast continues to be bearish side.
Important will be today the Key events:
USA –...
GOLD after the strong bearish impulse of the last sessions, the price today retests the 50% Fibonacci Level in confluence with the dynamic trendline, and all the clues are about a new Bearish impulse in the direction of the main trend. The stochastic shows also a Overbought situation.
The GOLD in the last sessions stops the bullish rally with a reversal around the area 1820.000
Today the price is inside a consolidation area where a possible breakout can push the price more in the downward. The Resistance level at 1785.800 can be a place for a new reversal for the price and follow the new tendency for a bearish impulse. We are looking for a Short setup.
GOLD yesterday the positive news about the USD Unemployment Claims pushed the European currencies downwards and the correlation with the metals can push the value of the GOLD as for the SILVER more over the downside. In the chart, we can see a breakout of the dynamic trendline and our bias is about a new pushdown by the price.
GOLD after the solid Drop of Yesterday Today's price may recover value from the resistance area with a new bullish impulse in the direction of the main trend, bullish. Also, the price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM, and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail...
Today the Gold is in pullback momentum after the strong bullish impulse of yesterday after the USD news. The Value of GOLD today is approaching a support area where the price can find a place where start a new long impulse. Crucial will the USD FOMC news today to understand how the Gold will close this year and the economic in general.
GOLD as EUR/USD ( Both Strongly correlated ) take advantage after the bad news released yesterday for the USD with a strong bullish impulse as predicted. Today the Market is in pullback waiting for the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bullish impulse for the GOLD and...
GOLD inside a Bullish trend in the last hours made a pullback on the previous support area at 1780.00 in confluence with the FIBO Level 61.8% the price is making Higher-highs and Higher following the dynamic trendline that is still working as dynamic support for the price. Our Idea is about a new Long setup following the main trend.
Pullback for GOLD in area 1800.00 with the confluence of 61.8% Fibonacci level. The price is trying to make a new higher high supported also by the dynamic trendline works as support. We are looking for a new Long setup here.
The GOLD is growing making Higher-highs and Higher-lows and the last pullback on the support area can help only the value of this metal to grow. From the previous Swing low today the price retested the 50% Fibonacci level and the correlation with the other Forex pairs can only help the value to grow more. The price supported by the dynamic trendline plus the 50...
GOLD, contrary to EUR/USD yesterday the USD news had a strong impact on this metal with a strong sell impulse where today the price reach the 50% FIBO Area from the last swing. A confluence with a Support area around 1760.00 plus the clue of the Oversold Stochastic may be given a setup for a new Bullish impulse. Our Forecast is about a new Long setup buying in...
After the solid bullish rally of the last sessions, today the price retreated below the previous support area but close to the FIBO attention levels of 50% and 61.8%. Today the price may have a pullback in this area for new growth of the value following also the Economic news about the USD that can push the EUR/USD in growth and following the positive correlation...
The GOLD that follows positively the correlation with the EUR/USD today, may have a new Bullish impulse if the economic news about the USD will be worst than the forecast. The uncertain US economy today can have a strong impact on all the USD pairs, or a positive or negative for all the pairs correlated. Our Forecast is about a new Bullish impulse also because...
The GOLD inside a Bullish trend, in the last sessions the price has followed our predictions with the increase of the Value for this material. Today a pullback on the support level of 1776.000 and with the increase also of the EUR value plus the bad economic news related to the USD can give a right push up for the price for a new LONG. Our Target is 1800.
