FX:XAUUSD is forming a correction to the liquidity area after ATH update. To continue the growth the market needs to get confirmation from the bulls. The price still looks quite confident. A corrective wave is being formed, confirming the end of the impulse bullish wave and the market's readiness to go for a fifth, which in general determines the medium-term...
OANDA:XAUUSD Price reached to 2395 which remained a key area for price to make some corrections. We expect price to drop a little bit more and then bounce strongly afterwards. Price previously have left strong wick rejections at our area of entry. Good Luck and trade safe.
Despite the fact that Gold is currently in a long-term bullish trend, there are some bearish signs to consider. Firstly, the pair broke a support trend and closed below it on an hourly time frame. Secondly, the price has formed a descending triangle pattern and is close to breaking below its neckline, indicating a potential sell signal. These two bearish...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Dear traders! On the 4-hour timeframe we notice an Elliott wave structure in classic technical analysis. Theoretically, the price will strengthen further because the outlook for gold is still very optimistic in the medium and long term. In summary, recent world news shows that gold prices may continue to reach many new records in the context of a decline in the...
✅As I expected, Gold moved towards the 🟢 Support zone($2,373-$2,353) 🟢.👇 🔔I expect Gold to move towards the 🔴 Resistance zone($2,450-$2,426) 🔴 (At least). Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will...
By checking the gold chart in the weekly time frame, we see that today's price was able to reach a new ATH of $2450 by conquering the previous peak! As you know, there was a liquidity pool above the previous ATH , and for this reason, the price has faced a slight correction after reaching this level! Pay attention that it is very important to monitor the price...
H4 Analysis: Bias/Analysis remains the same as analysis dated 12 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback. CHoCH is positioned at quite a distance away from current price,...
Hello all of you! Gold prices retreated during Tuesday's North American session after hitting an all-time high of $2,450. However, it fell below the April 12 high of $2,431 as the greenback recovered somewhat. XAU/USD trades around $2,420, after hitting a high of $2,433. Fundamentally, in the short term, gold may continue to be affected by bearish market...
Dear traders! On the hourly timeframe we see a classic bullish pattern. At the time of writing the price is trading above the strong support zone of 2375 USD being protected by buyers on the bullish wave. Accordingly, the 2,400 USD mark is also an important level that Wall Street experts believe that this week's gold price could reach or exceed its all-time high....
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to grow inside rising channel, where it soon reached support level, which coincided with support area. Soon, XAU broke this level, made retest, and rose to $2285 level, making fake breakout, after which exited from channel also. Next,...
FX:XAUUSD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction. Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on...
Dear Colleagues, I believe that the upward movement is not over yet. If we look at the wave pattern, we can see that the price has gone through 5 waves in the impulse “3”. This means that there should be an upward wave “5”. Therefore, I expect a correction to the area of 2402.732, after which I expect the price in the resistance area of 2455.145. Thus the...
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,436.365. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,398.658...
End of day update from us here at KOG: One of those levels was going to give!! Yesterday we said levels are to be tested as long as your risk appetite and model is secure. One of these levels we felt was going to give a move and it happened to be from the order region as we suggested, not the extension of the move. So, what now? Typical Gold, is holding it's...
Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest...
hello guys... as you can see, gold made a descending triangle and broke it up! so we can expect an upward movement after a retracement! the target would be as same as the last high! target= $2447 ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎...