Gold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark. Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it...
For Gold last Friday was a difficult day, information sources allowed Gold to increase sharply to 2431. Information about the Middle East war, raised concerns about a possible third war and Updated data from forexfactory took Fomo investors from 2397 to 2431, but then dropped very sharply. It was truly a phase that gave Ae Seller a heart attack. Comments for this...
Hello, according to my analysis of the gold market, we notice the formation of an ascending channel. However, despite that, it is only a corrective wave. We may see a decline from the 2080 area, which is a correction to the Fibonacci golden ratio of 61%. Good luck to everyone
Hello friends! Currently, Gold prices are struggling below $2,400 early Wednesday after seeing a quiet close a day ago. Gold makes another attempt to regain the $2,400 level, as the US Dollar, following a slight pullback in US Treasury yields, awaits a new series of speakers from the US Federal Reserve. According to CME Group's FedWatch Tool, markets have placed...
OANDA:XAUUSD Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.
Gold looking for buy momentum retracement over let see the chart ...make BE every 40 pips 1:2 ratio
Simple as can be 2365-2360 has held up the last 4 days, I'm expecting the resist to hold up and we can get some nice long positions at 2364 level. Let's fold our hands and wait to see the reaction at support on the LTF (lower timeframe). It is important to factor in key economic data and compare the movement of the dollar (DXY) to try and figure out what is...
Today, gold prices maintained their high stance, oscillating around $2385 and briefly approaching the $2400 per ounce mark. Escalating tensions in the Middle East have bolstered gold's appeal. Recently, there has been a consistent influx of capital towards gold as a safe haven. The metal could potentially surpass the $2400 per ounce threshold again if conflicts...
Looking to buy gold here target price 2,500 with hurdles at 2354.73 & 2431.59. stop level on a 2 days close below 2291.465 or a 2% intra-day break below it.
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has now printed a bullish iBOS aligned with swing structure. Following the bullish iBOS we expect price to pullback. Intraday expectation would be for price pullback to either 50% EQ before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal:...
Hello everyone, I see a bullish continuation of gold up to its supply zone in the premium zone.
XAGUSD made head and shoulder pattern. There is RSI divergences on the head which seems like the rend will be reversed.
Double Bottom in XAUAUD pair. Bullish reversal pattern along with double bottom observed observed in Gold vs AUD (XAUAUD) pair.
In the current market, gold has maintained a spotlight position as traders navigate through fluctuating CPI data and escalating geopolitical concerns. The precious metal's price has been a bellwether for investor sentiment, balancing inflationary pressures with its traditional role as a safe-haven asset. Technical Take: The chart illustrates a critical juncture...
This week, precious metals had their first serious test of the potential downside since this leg of the rally began in mid-February. Gold lost over $100, or around 5%, from last Friday’s high to the low on Tuesday. It now appears to be stabilising back above $2,300. Silver lost close to 8% between the same levels, but it too managed to steady itself yesterday and,...
Analyzing the H1 timeframe suggests that gold may soon experience a decline back towards the support level at 2298. Notably, the current resistance level was once a robust support level. The decisive breakout signals gold's intention to sustain its downtrend. Therefore, I intend to capitalize on this opportunity with a swing sell. Are there many who share my...
longer projection is that its on a downward trend to target level 2274. Right now as i am posting this, gold is between two different orderblocks there is one at 2314 that is pushing it back to an upwards trend. but there is a larger bearish Orderblock above that at 2343.53 pushing it down. so at the moment its in a ranging momentum. it might break free out...