Drawing insights from Dow Theory and personal speculation, my technical analysis indicates a sustained bullish trend for XAUUSD over the long term, with a projected peak at 2209.32 pips. Anticipating a retracement to revisit its recent low before resuming its upward trajectory, the analysis suggests a potential retest of the previous low before embarking on a...
Gold prices have surged to a two-month high, reflecting renewed investor interest and economic uncertainties. As of the latest data, gold is trading at , marking a significant increase from previous weeks. This surge is attributed to various factors, including . Investors are closely monitoring gold's performance amidst evolving market dynamics and are poised to...
From the current market situation, gold peaked around 2275 before encountering resistance and retracement, with the current low point being around 2229. For now, it appears that the bullish momentum has somewhat eased after a strong breakthrough. Additionally, with the continued strength of the US dollar, a return to a bearish sentiment is quite normal. Gold...
Marking key levels for the next 1-2 weeks: First zone around 2204 for fresh buyers, while considering sell-side opportunities if price drops towards 2153. Potential buying may occur thereafter.
With the ongoing upward trend in gold, the 2257-2259 area holds crucial significance today. Failure to break through here may indicate a continued correction. I'll be looking to short gold in small increments in this zone, especially if a local double-top structure forms. Avoiding long positions near or above 2262 is prudent, as I anticipate potential downward...
Today, March 15th, the global gold market witnessed a downturn following a surge in the value of the US dollar. The price of gold, currently hovering around $2163, faced downward pressure as US bond yields climbed. This shift in market dynamics comes amidst lukewarm macroeconomic indicators from the US. February's retail sales saw a modest uptick of 0.6%, falling...
The current high in gold isn't yet confirmed as a major high, necessitating a retracement for confirmation. There's a possibility of a pullback to retest the level around 2195, providing confirmation for a bullish trend before considering buying. If the price fails to respond to this retest level, it may drop to the major H4 level at 2170 before confirming a buy...
Today, gold opened higher, the highest hit near 2265, after the release of the United States March ISM manufacturing PMI, more dollar, bearish gold, gold once reversed today's gains fell to near 2228, the first price near 2240. Today, the operation of the last order gained 100 points, an order stop loss of 40 points, the overall profit is still profitable, the...
During the weekend session, the gold price did not fluctuate due to the market holiday, however this morning it continued to have a very strong increase, creating a large gap. Currently, it has breached the psychological resistance mark of 2250 and is sinking deep into the overbought zone. If it continues to go up, the confluence mark of 2300 will be a potential...
Gold prices sometimes slipped sharply in the past session, however when approaching the 2230 threshold and closing the gap, the price recovered strongly, currently back above 2250. This price behavior shows that buying pressure is still quite strong, It is likely that the price will continue to go up, the short-term target level will be around the 2300 threshold....
After a sturdy boom at the hole consultation yesterday, whilst coming into americaA consultation, gold fell sharply. Based at the smaller time frame, it could be visible that gold is steadily developing dowtrend models. Today, we propose which you prioritize promoting on the rate variety of 2250 or better than 226x. ------------ The marketplace is presently...
Gold appears to be exhibiting bullish momentum in the 1-hour timeframe following a breakout above its previous high. Entering the market after a 38% correction completion and witnessing bullish price action suggests potential for further upward movement. Traders may consider monitoring this trend for potential buying opportunities with caution.
On the last trading day before the holiday, the market was stimulated by the news and rose strongly, reaching a record high. A big positive line in the 1D chart turned the MACD dead cross pattern into a golden cross, and the trend turned to long. However, judging from past trading experience, there is a high probability that there will be a period of...
After gold has experienced a wave of decline, small-level indicators need to be repaired. Bulls can participate appropriately and pay attention to the resistance in the 2252-2258 range. If they cannot break through, close the order in time and switch to short trading.
In the realm of finance, gold stands as a steadfast pillar, embodying stability and value. As a financial analyst, exploring the intricacies of gold reveals a wealth of insights into market dynamics and investment strategies. Gold's enduring appeal lies in its dual role as both a commodity and a currency. Its scarcity, intrinsic value, and historical significance...
Gold, often dubbed the "king of metals," remains a focal point for investors and financial analysts worldwide. In this analysis, we explore gold's current landscape through the lens of a financial expert. Gold's Everlasting Allure: With a history spanning millennia, gold continues to captivate as a symbol of wealth, stability, and luxury. Its enduring appeal...
In the intricate tapestry of financial markets, gold stands as a timeless and coveted asset, revered for its stability and intrinsic value. As a seasoned financial analyst, unraveling the complexities of gold unveils a narrative steeped in history, resilience, and enduring significance. Gold's Timeless Allure: Gold's allure transcends generations and economic...
Gold's reaction to its own resistance range In case of failure, the next target area will be activated!