Friday gold was close to print a key reversal on the daily chart. It was day 41 in the current daily cycle. Day 41 is quite late in gold's daily cycle as a normal cycle 41-46 days long. We can easily find daily cycles on the gold chart where gold printed a DCL around day 40-44... A usual daily cycle decline lasts for 5-7 days so if I'm right gold will print its...
Symmetrical Triangle Pattern on Gold (XAU/USD) H1 Chart A symmetrical triangle pattern has been identified on the H1 chart for Gold (XAU/USD). Here's a breakdown of its characteristics: Description: This pattern is formed by two converging trendlines, one drawn above the highs and another below the lows, with price action oscillating between them and creating a...
The price spiked up from the support level. OANDA:XAUUSD made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I expect a...
End of day update from us here at KOG: An interesting day on gold with price moving into the higher region hitting our Excalibur targets and then giving the RIP from above straight into the regoin below. That support region has held giving the opportunity to long, however, we should be now waiting for the daily close. The fight is on, can they close above the...
Gold rose rapidly in the morning, stimulated by the news, reaching a maximum of around 2417, with an increase of about $43. However, there was a retracement later, with the lowest falling to around 2380, basically erasing the morning gains. This dynamic may be a shuffling behavior by short-term short sellers with the help of news. If the morning rise is just a...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) experienced a significant drop of over 2% on Monday, marking its largest daily decline since June 13, 2022. This decrease was primarily attributed to diminishing concerns about a broader conflict in the Middle East, which led to a reduced demand for traditional safe-haven...
End of day update form us here at KOG: Quiet day today on Gold while it only allowed us to scalp using the levels and the daily bias. We wanted the 2395 region but fell just short at 2394, while the support level has continued to hold and give opportunities to long into resistance. So, what now? This range looks like it's coming to an end and there is going to...
Ralph Benjamin hello everyone! After a price increase that brought gold past the 2,400 USD/ounce mark, the world gold market was under pressure to sell off and entered a consolidation period. However, according to commodity investor Dennis Gartman, this precious metal still has a lot of upside momentum. Most likely, the price of gold could rise to 2500 USD and...
Spot gold technical analysis Daily resistance is 2350, support below is 2320-2300 Four-hour resistance is 2334-64, square support is 2320-2300 Gold operation advice: Gold rebounded after bottoming out in the U.S. market yesterday. After hitting the lowest near 2291, it began to counterattack in the U.S. market, and the highest hit near 2332. After two months of...
End of day update from us here at KOG: A decent day on the markets with the perfect example trade coming from gold. We said yesterday the ideal trade would be a move down into that support level where traders should look for the tap and bounce. We had the red boxes and that level of 2291 highlighted which gave the first opportunity together with the structure...
Hi Traders ! The Gold Price Failed To Create a New Higher High ! Currently, The Support Line is Broken ! So, Let's Expect The Bearish Scenario: If The Price Breaks and Closes Below The Support Level (2318.740 - 2333.375), We Will See a Bearish Move 📉 TARGET: 2260.000🎯
Hey Everyone, Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly. We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection. We will need to see ema5 lock above this level to see a continuation...
On Wednesday, non-farm payrolls and inflation exceeded expectations in March, which led to a decrease in the probability of the Fed cutting interest rates in the short term, but it also paved the way for the resumption of subsequent interest rate cuts. Based on the fundamental situation, the United States does not need to cut interest rates too much this round,...
Judging from the 60-minute chart, gold has entered a downward trend in the short term. The candle line has fallen below the 200-day moving average, and the 20-day moving average has crossed below the 50-day moving average to form a dead cross. The price is expected to fall into the 2300-2319 range next, and can be sold after rebounding to the 2340-2350 range.
Technical analysis: Gold is finally delivered full scale decline towards #2,300.80 psychological benchmark. This is the first time in #6-Months time that Gold is on Natural decline / not correcting aggressive gains made previously. Also this is the first time in #6-Month period that Gold delivers #2 consecutive Lower Low’s (High’s / Low’s) test which is excellent...
🏃♂️ Gold is moving near the 🟢 Support zone($2,373-$2,363) 🟢 and the Resistance line . 🔔I expect Gold to rise to at least $2,405 after breaking the 🔴Resistance zones🔴 . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my...
Here is the daily projection for gold. Expect price to continue rising towards our long term upside target. More updates coming!