🔰You can see the analysis of gold in the 2-hour time frame(XAUUSD _ 2H)🔍🔥
✴️As it is clear from the picture, the price of gold is falling. The best area for buying with low risk is the DEMAND zone, which is likely to have up to the upward RESISTANCE line(🧡) if it reaches the DEMAND zone (of course, you should pay special attention to the down trend line (black🖤...
he short-term rally from the March 2022 low encountered solid resistance around $2,000 and has been trading is a correction mode over the past week. The technical selling pressure came along aggressive monetary policy tightening expectations from the Federal Reserve and U.S. Dollar and bond yields at multi-year highs. The entire commodity sector was hard hit over...
Hey tradomaniacs,
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at GOLD (XAU/USD) we can see a retest of the current trendline forming a potential rejection ad the monthly resistance.
Fundamentally GOLD can be very tricky as we dont know how the stocks react to a potential tapering.
A risk-off in stocks is actually...
Morning outlook - XAU/USD tries to leave channel up
A release of the US employment data last Friday predictably stopped the gold from losing value against the buck. In result of the surge that was also strengthened by growing fears over the North Korean crisis, the pair has practically broke through the upper boundary of a dominant ascending channel.
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Morning outlook - XAU/USD surges above 1,316.50
During the whole previous trading day, the yellow metal was continuing to appreciate against the US Dollar. The only barrier that managed to stop the surge was a combined resistance level formed by the monthly R2 at 1,315.30 and the weekly R3 at 1,316.51.
On the one hand, today the buck should try to restore...
