Price facing recent support at 1667.16 while retesting the uptrendline & also price facing resistance at 1679.46. so if price break & closes above the resistance while respecting the support & uptrendline then price might continue to come up to the next resistance at 1691.67. However if price breaks out of the support, that would also be a breakout of the uptrend...
So gold currently moving in a downtrend channel & also formed a small timeframe structure while facing recent resistance at 1671.26 & support at 1653.99. now if price respects the resistance & breaks out of the support at 1653.99 then price might continue to push down to retest the next HTF support at 1644. 40 while still moving in respect to the...
Price retesting a major support zone on HTF at 1680.50 & also facing recent resistance at 1690.93 while moving in a downtrend. now if price respects the recent resistance and breaks & closes below the major support zone then gold could continue pushing down creating new lower low. However if gold respects the support and makes a breakout of the resistance then...
Gold after the bearish engulfing move from yesterday, formed a bit of structure with a recent resistance at 1708.53 & support at 1696.67. now we are looking for trades on the breakout of the structure. so if price respects the recent resistance & makes a breakout of the support at 1696.67 then price continue pushing down to next major support zone at 1681.93....
Price facing strong price rejection from the resistance level at 1726.90 & currently retesting a recent support at 1718.21. so if price continues to respect the resistance at 1726.90 & breaks below the recent support at 1718.21 then it could continue coming down to retest the next support at 1713.78 & retest the uptrendline as well.
Price while moving in a recent downtrendline, it formed a very recent resistance at 1710.13 while having a htf resistance at 1715.61. so as long as price continue to respect the current resistance at 1710.13 and makes a breakout of recent low then price might continue to push down to retest the next key level at 1693.68.
Gold has a Recent resistance at 1712.14 from & Support at 1698.80. now if gold respects its resistance & breaks out of recent support at 1698.55 then price might move bearish in respect to the downtrendline to all the way retest 1681.15 key zone. However if price breaks out of the recent high at 1714.86 then it would be a breakout of the downtrend & price might...
Gold if makes a breakout of the resistance at 1728.49 then it would be making a breakout of the downtrendline & that might lead gold to push towards 1735.90 or all the way to 1740.49 key zone. And gold finds resistance at 1728.49 & makes a breakout of the previous low at 1709.25 then it might push to 1700.60 or all the way to 1685.06 key zone.
looking for sells below the previous low of 1718.98 in hopes of price retesting 1712.58 & looking for buys if price breaks out of 1732.80 with further bullish move. but careful with the fakeouts.
Gold seems to be moving in respect to a downtrendline & gold might continue to move down to retest 1680 key zone if it makes a breakout of 1711.34 or create new lower low if even closes below 1681.50. However if it breaks out of 1808.34 with further bullish momentum then it would be making a breakout of the downtrendline & could shift to an uptrend from the downtrend.
The gold price gained more than $15 after the US ISM manufacturing PMI report. Technical: The near–term support is around $1760 next level of $1790
looking for a breakout of 1803.11 to look for short entries & for long entries, we are waiting for a break & close above 1871.63
Hi guys! 👋🏻 🔔 Gold has retested the dynamic support of August 21 (dashed line) and is now forming a wedge pattern. 🔔 There are multiple strong resistances which obstacle XAUUSD from going higher, such are 1942 and 1960. 🔔 But as it seem from the current setup, if #Gold remains above this support, it will most likely break those resistances and climb back to...
Hey traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1970 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hello everyone! Gold has formed a Cup and Handle pattern on a Monthly chart, if once again breaks above 1985, and closes above 2000, then $2500 will be the next target.
Its standard theory is that the gold price will rise as a safe-haven asset in any geopolitical crisis. But yesterday, the world witnessed a different picture I mentioned in my last article, and gold may drop because of Russian reserves and profit-taking zone. And my prediction became true. After rising 630 pips, gold dropped more than 900 pips. There may have...
The big picture for gold is mixed as the bullish trend appears to remain on hold. However, a descending triangle formation shows that some bearish potential may be brewing with Gold markets, and US rates continue climbing at a higher rate than treasuries. The Fed's next meeting will decide whether or not they're hawkish enough to elicit more significant...
Gold is giving continuously candles green fine; But resistances at 1833, 1849 and 1869 reduce its shine. If the Resistances are crossed along with rich levels of 1900+ and 1967 Gold can dine. A great investment of all time, after breaking squeezing triangle will make the bears fall in line. And I will say. Mine oh Mine!!!