FX:XAUUSD is entering the correction phase. Earlier, based on technical and candlestick nuances on D1, I warned about the approaching decline. Gold is eliminating buyers and apparently heading towards 2267, 2228.
April 19 idea: The market is getting ready to turn around, collecting liquidity from buyers
On H1 the price is forming a bearish momentum, since...
Hey Everyone,
Please see our 4H chart update from Sunday with just our swing range updated.
We had our Bullish target hit at 2389 start of the week followed with no ema5 lock above, confirming the rejection into the bearish target.
Bearish target at 2354 was hit followed with a cross and lock below this level opening the retracement range at 2326, which was hit...
Gold couldn't break through the resistance at 2390 yesterday and experienced a price drop down to 2360. Today, gold is moving back towards the 2390 resistance; if it fails to break through, we can expect further price decline to 2340. Otherwise, if the resistance is broken, we anticipate touching prices between 2403 - 2415.
Resistance Range: 2395 - 2400
Support...
The world gold price just went through a bad session when it dropped to 68 USD/ounce after just one trading session. Investors sold off massively, causing the precious metal to quickly fall to close to $2,300 per ounce. Investors witnessed the largest single-day drop in more than three years. Gold futures price dropped sharply by 65.6 USD/ounce (equivalent to...
Introduction - So since the move to 2311-2314, I have to "play it by ear" because price is moving faster than my ability to map "an intermediate thesis" that is in sync with price action from here to August. In order to stay relevant and ahead of price action, let's talk less and do better.
Details - Continuing from DRAFT 9-3, price chose yellow route to 2291...
The price of gold has dropped to near the 2,350 mark in the European trading session, continuing its downward trend after breaking through the SMA lines in the Asian session on Monday. The prolonged decline in gold prices may be attributed to the increase in US Treasury bond yields, coupled with a subdued market sentiment following a weekend without any escalation...
Hey Everyone,
Please see our updated daily chart idea after successfully completing our last daily chart idea.
We are currently seeing price test the updated Goldturn ascending channel top. We are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the...
Gold at the historical past of greenback correction is strengthening to the resistance of the bearish channel, which became shaped at the historical past of sell-offs. Ahead of robust information, at the historical past of which the charge may also attain the liquidity area earlier than similarly decline.
On the excessive timeframe, a fake breakdown of guide is...
OANDA:XAUUSD ANALYSIS
- Now that the risk of a broader conflict in the Middle East has subsided, gold attempts bulls look to a softer dollar to prop up prices
- Gold (XAU/USD) attempts to lift off of support at $2320
OANDA:XAUUSD BULLS LOOKS FOR INSPIRATION IN THE DOLLAR AFTER TENSIONS SUBSIDE
Implied gold volatility (GVZ) has experienced a notable drop...
By checking the gold chart in the one-hour time frame, we can see that the price started to fall based on our analysis and hit all the targets of $2334, $2324, $2319 and $2303, and the total yield of this analysis so far is more than 1000 pips! I hope you have made the most of it!
The demand levels are $2296, $2283 and $2275 respectively! The supply levels are...
The price of gold surged to nearly $2,320 at the start of Thursday, indicating a slight recovery in the market after previous challenging periods.
However, upon examining the 4-hour chart, it's evident that the potential for price increase remains limited. The Simple Moving Average SMA 20 is trending below the Simple Moving Average SMA 100, signaling unclear...
After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery.
Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of...
Gold is currently moving above an uptrend line and has broken a bearish triangle pattern, indicating its intention to continue the uptrend. As long as the uptrend line holds, gold is heading towards 2360. However, if the uptrend line is broken, we can expect a price decline towards 2260.
FX:XAUUSD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout
Idea from April 19: GOLD → One step away from a correction? What's going on?
Selling since the opening of the session. Price is testing local lows...
Hey Everyone,
Another great day on the charts today buying dips from our Goldturn levels with plenty of opportunity to milk the range.
After tracking and trading the movement level to level all week using our cross and lock confirmation, yesterday we stated that we will now need a body close above 2326 to open retest to 2354.
- We got the close above 2326 and...
The current selling zone for XAUUSD is between 2370 and 2375. This suggests a market sentiment favoring the selling of gold against the US dollar within this price range. Traders may consider setting take-profit levels at 2360, 2350, and 2325, indicating potential exit points where they aim to lock in profits as the price declines. Meanwhile, a stop-loss order at...
By examining gold in the 1-hour time frame, we see that according to the latest analysis, exactly as we expected, gold faced an initial negative reaction when it entered the specified supply range, and today, with the opening of the market, this drop continued. We saw that the price was able to correct up to $2351 with more than 400 pips and collected the...
Gold is facing difficulties in capitalizing on the previous day's gains and is oscillating within a narrow range as it enters the European trading session on Wednesday. Global risk sentiment continues to be supported by reduced concerns over escalating geopolitical tensions in the Middle East. This is attributed to the decline in the US dollar (USD) price, coupled...
