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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.

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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...

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The fear and anxiety prevailing in the global community regarding the next stage of tensions between Iran and Israel have led to cautious and conservative performance regarding the yellow metal. Since our last analysis on April 10th, Gold has only managed to touch the first upside target of 2410.73 weakly twice, with the second time being today after reports of...

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After reaching its important price range, the Dollar Index experienced a downward movement. It seems that after a retest of the price range of 105.86 - 106, it will start its downward movement towards 105.1.

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Given the current strength of gold and the break of resistance at 2390, it is expected that gold can make a good upward move with targets at 2410 and 2425. 🌟

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US Labor Market Data Preview - Friday, April 5, 2024 To analyze the market's reaction to today's NFP data, it's crucial to review past market events. The Federal Reserve needs two conditions to ease interest rates: 1) Continued downtrend in inflation 2) Weakening labor market. Therefore, today's NFP data is the most critical news release. Previous NFP...

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Given the strong uptrend of gold and breaking the resistance at 2350, we can expect the next price ceiling to be in the range of 2370 - 2375, and gold to move towards this range. Key resistances: 2350 2370 - 2375 Key supports: 2325 - 2330 2300 - 2305 Fundamental: Wall Street Awaits Earnings Reports, Oil Eyes Global Demand, CPI and Central Bank Meetings in...

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Fundamental and technical analysis of global gold (XAUUSD) - April 10, 2024 In the analysis on March 27, we mentioned how global gold has room for further record-breaking. Gold continues to conquer new peaks. On one hand, intensified geopolitical tensions and, on the other hand, demand for the yellow metal as a safe haven, particularly by major global banks, have...

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Technical analysis of gold: Key resistance: 2185 - 2189 and 2207 - 2212 Key support: 2176 - 2179 If the resistance is broken, we can expect a strong upward trend towards 2200 and 2212. 📈

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Gold, with the market opening and a strong upward trend, managed to reach a new price ceiling of 2288.435! In my opinion, with news related to the indices, it will move towards the price of 2265 and the upward trend will be repeated with the speeches. Important support: 2260 - 2265 If this support is lost, this analysis will be invalid.

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Technical analysis of gold: 2-day timeframe Gold is in an upward channel on the 2-day timeframe and is currently moving within that channel. Having reached the channel's ceiling, considering the previous reaction to the ceiling and a 12% decline, we expect a repetition of this trend. If it intends to complete the downward trend, Our target in the long term...

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The important support area for the US30 index is around the price of 39000. Considering the RSI is in the oversold range, an upward movement with targets at 39448 and 39844 can be expected. 📈

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Gold is currently moving in a descending triangle. Key support: 2144 - 2149 Key resistance: 2158 - 2163 Gold is waiting for interest rates to come in and provide a 200-400 pip fluctuation! 💰 Fundamental analysis: Numbers above the expected limit of inflation in the United States last week confirmed that price pressures persist and the final stage of...

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Gold in the 2-day time frame is forming an ascending channel! The upper limit of this channel can be considered around $2250! If gold wants to complete this trend and wants to complete its price action impulse, reaching $2250 is possible! In any case, it should be noted that this analysis is in the 2-day time frame and this analysis will be long-term. 📈🪙

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Gold Technical Analysis: 4-hour Timeframe: The first range for a reversal and market turnaround in the 4-hour timeframe is almost the upper limit of the uptrend channel: 2244 - 2252 With targets: 2225 - 2212 - 2180 The above scenario is based on positive gap or market start with a positive trend and reaching numbers until tomorrow's close. Sell signals and...

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Gold is currently moving below a downward trend line on the 1-hour timeframe. With today's news, it is expected to be able to move up to the upper bound of the downward trend line and then continue its downward movement to 2150 after touching the range of 2178 - 2182. 📉

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The Dollar Index is currently in a strong long-term downtrend! It is testing the resistance of the downtrend line, and if it fails to break it, we can expect a downtrend movement towards 102. And if this downtrend line is broken, it's time to make up for past declines! This means a very strong uptrend movement. You can read the fundamental analysis of the idea below. 🙂

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Gold, after breaking all of its key resistances, has turned all resistances into a very strong support! ✨ We still expect a correction from it until the support range at 2090. Today, it might create a good selling opportunity with a sharp move upwards, meaning 2140. 💰 Sell zone: 2136 - 2140 - 2148 Targets: 2120 - 2100 - 2090