Gold formed a fakey + pin bar signal recently, after which a breakout happened. XAUUSD trend is bullish and the direction is two month horizontal resistance, near $1845. $1845 - $1875 is now possible before prior resistance arrives. $1815 and $1800 would offer immediate support during a pullback moves ahead of the 100 DMA level of $1972. Please, support this idea...
GOLD is bullish intraday and we may expect a new leg up. The price has been consolidating between supply and demand areas for the last few days. A clear break of $1815-$1818 would expose $1826 (200 SMA) and possibly higher. Like, comment and subscribe. Thank you!
Gold daily trend is bearish and it bounced back up tp $1807 after testing $1792 area. We expect a pullback to $1800-$1796
Today Gold tested $1815-$1820 supply zone and failed to close above it. There is not much bullish strength left as the precious metal got rejected at $1815 twice. A bearish pin bar is forming on daily chart and we may get more sell off after a slight retrace higher. Bears next near term downside price objective is pushing Gold to $1783 and technical support at the...
Gold tested $1815 supply zone and failed to move above it. Bearish rejection on 1H chart and we may get a pullback to $1800 or lower.
Gold inched higher above previous resistance at $1790. There might be a scenario where prices continue to push up towards resistance at $1815, in line with 50% Fibonacci retracement and 161.8% Fibonacci extension. A break above $1815 resistance would allow more gains for #XAUUSD . We would consider trading the pullback and looking for buy opportunities from demand...
Gold is trading modestly higher around $1780 in the European session this Friday. Prices have visited both sides this week in choppy narrow range trading. Gold market is trying to find a balance between an hawkish pricing of Fed interest rate hikes if inflation proves to be transitory, supportive to precious metal, and a Fed that would act if inflation persists. A...
Gold prices are consolidating near $1,780 after rebounding from our 61.8% Fibonacci extension support. First target could be $1,790. We could potentially see a bullish momentum to our first resistance level at 1,809 in-line with our 161.8% Fibonacci extension, 50% Fibonacci retracement . If XAUUSD fails to hold current level, the first support will be at 1,751.70,...
Gold daily chart with major zones. The precious metal is consolidating its recovery below $1890, as higher US dollar and yields limit the upside. The $1800 level now looks like it is sigh and if retaken it could be a coup XAUUSD and would open the doors towards the June 17 highs of $1825. The $1763- $1755 demand zone will emerge as strong support for the bullish...
Gold prices were down 5.7% for the week, having slid more than 2% on Thursday after Federal Reserve’s hawkish outlook. The dollar index was headed for its best week in nearly nine months, denting gold’s allure for other currency holders. There may be more near term selling pressure in Gold but at some point will be a buying opportunity given that rising inflation...
#GOLD steadily moved above $1910 level amid a modest USD weakness. Buy signal was provided with entry $1994 and target $1914. The high reached was above $1912 and we manually booked the profit.
#Gold trend is slightly bullish. The major key levels are $2070 and $2000 supply, $1900 to $1915 demand, $1866 and $1816. The price has tested $1900 demand zone a few times and it is acting as a strong support. Gold is expected to extend its sideways phase within its long-term uptrend. The consolidation pattern is not expected to change until we get some clarity...
#Gold traded sharply higher on Friday after Fed Chairman Jerome Powell dovish speech on U.S.monetary policy derived Thursday morning.We will be looking to buy #XAUUSD after a price action buy signal. Bulls next target should be $2000 resistance area and then Gold may possibly go back to $2070. Major key levels are: $1905 to $1915, $1980, $2000 and $2070.
This is #XAUUSD 4H chart with main support and resistance zones. The trend is long term bullish and it possible now we will be going for a bit of consolidation and Gold is preparing for another move higher. The demand remains in a lower interest rate environment, particularly with the weaker US dollar. Economic recession worries over COVID19 increasing cases keep...