Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...
Hey Everyone, Great finish to the week with another nice catch from the dip. Not much to update today, as we saw price play between both weighted levels like we suggested yesterday. Currently back to testing the 2322 level again. We will need to see ema5 lock above or below either level to open the next range. We will now come back Sunday with our multi...
Hello everyone, let's recap the gold market over the past week together! This past week hasn't been particularly favorable for gold. The precious metal is currently closing at $2,327 per ounce, remaining in a short-term downtrend. The trading level has seen little change since its last session at $2,365 per ounce. In the short to medium term, adjustments are...
Gold prices continued to decline today, dropping by $16 to $2,327 per ounce, closing out the trading session for the week. During the final trading session of this week, the gold market received the much-anticipated report on the Personal Consumption Expenditures (PCE) Price Index. Despite inflation rising in line with expectations, which increased the likelihood...
Hi friend. Like i write in previous idea market strong support 2328. But there is no market process wich can continue falling. So my opinion growth to transit zone 2340-2346 after bears was distributed. Support me;)
During this weekend's trading session, the gold market received the personal consumption expenditure index (PCE) report, one of the most important data of the week. Although inflation increased as expected, increasing the possibility that the US Federal Reserve (Fed) will lower interest rates this year, gold prices continue to decline. Gold prices' retreat after...
Dear traders! Gold prices are consolidating the previous recovery in a downtrend but remain limited in a narrow range near $2,350. Accordingly, News is ahead, we are waiting for the highly anticipated US Core Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation measure, for momentum new directional force. You need to understand...
Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price reaction in the range of $2350 to $2360!...
FX:XAUUSD reduces volatility and shrinks into a narrow range before the news. US GDP did not play any role and traders are waiting for the general fundamental background. Locally, the downtrend. The trend is downtrending, but on yesterday's news the price is trying to break the channel resistance, forming a consolidation of the price above the line. But if...
Gold prices fell on Friday (May 31), as investors considered the US inflation report mostly as forecast, despite expectations that the US Federal Reserve (Fed) will lower interest rates in This year has helped gold increase for the fourth consecutive month. At the end of the trading session on May 31, the spot gold contract erased the early session gain and...
Dear traders! Gold (XAU/USD) traded steady at $2,340 on Friday, pausing a difficult recovery from Thursday's three-week low around $20 lower. The recovery came after weaker US growth data showed inflation will be contained and interest rates are likely to fall. As a non-yielding asset, lower interest rate expectations are positive for Gold. And if the upward...
Short term potentially in a cup and handle pattern since June 2022, currently in the distribution stage around the bottom. Needs to close above 21M EMA for confirmation. An uptrend can start in Q4 2024, which would get the price to $125+ in 2025. Long term the price seems to be in an uptrend since 2016, if excluding the 2020 outlier. The resistance at 200M EMA...
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
Welcome to our financial bulletin! Once again, the cryptocurrency market has become the center of attention with the emergence of a staggering net inflow in the Bitcoin ETF sector. The inception of a Bitcoin ETF has provided a positive shock to investors. Over the past weekend, a net flow of $49 million USD was recorded, prompting the entire market to pause and...
Although central bank buying and strong Asian demand have created a long-term fundamental bullish trend for gold, OANDA:XAUUSD , but uncertainty surrounding the Federal Reserve's monetary policy continues to create large short-term fluctuations, mainly with mixed pressure to strengthen the US Dollar's position. Gold prices rose to a record high above $2,450...
Here is my latest structure analysis and important key levels to focus on and trade on Gold. Support 1: 2322 - 2328 area Support 2: 2303 - 2308 area Support 3: 2266 - 2286 area Resistance 1: 2361 - 2364 area Resistance 2: 2426 - 2450 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
My dear friends, Please, find my technical outlook for GOLD below: The instrument tests an important psychological level 2342.7 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2348.5 About Used Indicators: Super-trend indicator is...
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a not long time ago started to grow inside the upward channel, where it soon broke the support level, which coincided with the buyer zone. After this, Gold made a retest and continued to grow in the channel and soon reached the resistance line, but at once...