Gold/Silver
GOLD had a reaction on a strong resistance level of 1880.00 and today the price may converge on a bearish side after a previous strong bullish impulse on Friday. XAU/USD could take a breather before recapturing $1,900. Our forecast is about a retracement around the 50% Fibo from the last swing low.
GOLD started to make Lower-highs and Lower-lows where firstly a breakout and after a pullback of the 1840.00 level turn the scenario for the precious metal to the bearish side. Today the Economic calendar shows a full day of key events like the US Unemployment Rate, Average Hourly, Non-Farm Employment Change, and Unemployment Rate. This economic news can affect...
GOLD inside a Bullish channel in the last hours the price make a raising Flag pattern where the price finds a pullback in the previous support area in confluence with the 50% Fibo Levels. In this Area, the price seems today to react with a new bullish impulse and today's ADP Non-Farm Employment Change will be crucial for the price to understand the next move,...
GOLD has turned sideways around $1,844.00 ( as predicted by us ) in the early European session after surpassing the $1,840.00 hurdle. The precious metal continues its struggle for breaking above the crucial resistance of $1,850.00. The gold price is expected to display a decisive move after the release of United States ISM Manufacturing PMI data. According to the...
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...