Spot Gold has fallen 5% since the Middle East conflicts have lessened at least transiently. Other fundamentals like the Chinese government and indeed its citizens as well as the central banks of several nations buying gold in high volumes support price from significantly falling from here. Supported by volume profile specifics as well as the Fibonacci...
On this chart the ratio of spot gold to spot silver is charted over time. The traditional benchmark of 75 is the horizontal black line on the chart. Above it gold is outperforming while below it gold is underperforming. Direction counts. Overall gold has been rising relative to silver since May 23. Gold did underperform as compared with silver from...
GOLD OANDA:XAUUSD - Mar. 25th, 2024 Weekly: Bullish Daily: Bullish 4H: Bullish BUY/LONG ZONE (GREEN): $2186.000 - $2280.000 DO NOT TRADE/DNT ZONE (WHITE): $2155.000 - $2186.000 SELL/SHORT ZONE (RED): $2072.000 - $2155.000 OANDA:XAUUSD had strong bullish momentum after breaking out of a previous range and is currently developing a new range at the top of the...
Gold surged above $2286 per ounce, marking yet another milestone in its remarkable ascent. This surge has persisted for two consecutive trading days, underscoring the enduring strength of the precious metal. The driving force behind this meteoric rise is the mounting anticipation of an imminent interest rate cut by the US Federal Reserve in June. Such a move is...
GOLD OANDA:XAUUSD - Feb. 18th, 2024 BUY/LONG ZONE (GREEN): $2019 - $2072 DO NOT TRADE/DNT ZONE (WHITE): $1990 - $2019 SELL/SHORT ZONE (RED): $1939 - $1990 (adjustable) Overall on the high timeframes Gold is bullish with supporting structure. The daily timeframe recently broke out of a range to the downside, but is now heading back to a retest of the bottom...
On the daily chart GLD is in a volume profile early breakout going above the jagged pruple line representing the top of the high volume area. Price has been compressing within a symmetrical triangle and now has broke through the descending resistance trendline portion of that. What remains to be seen is a retest of that new support line. Of late Bitcoin has...
SPOT GOLD XAUUSD is shown here on a 30 minute chart. This zig zag long trade is a bit more than a day in duration. It is meant for use in a forex trade with 10:1 leverage and then increased upon fluency after some amount of experience. Superimposed on the chart are support and resistance zones of the visible range and the RSI of the given chart time...
GLD is shown on this 240 minute chart with a falt top triangle drawn with upper and lower trendlines for resistance and support. A volume profile is overlaid. Text boxes comment on the basis for the trade and the use of the relative strength indicator. Price is low in the high volume area confluent with the support line. I see this as a long trade set up and...
Gold looks promising to back to 2000 from daily and weekly chart. for entry vise, if you catch the entry at around 1890, the risk will be minimal to catch the wave to 2000. if you are looking a entry from where i see the price currently, i would expect a small retracement to around 1925 before another round of up trend to 1955. 1955 holds a key level for Gold...
XAU last week had a trend up followed by a double top on July 19 and 20. On the @H chart the trend down seems to have included a drop through the basis band of the Bollinger Bands as well as a crossunder the anchored mean VWAP and then further downtrend until price was outside the lower BB. The current candlestick pattern is that of a morning star...
XAUUSD on the daily chart has been in a trend down from $2179 since early May when its candle wicks also reached into the zone between the lines two standard deviations above two different anchored VWAPs set at the early and late February high and low pivots. In the past week, Spot Gold pivoted above the support of the aVWAP lines one standard deviation...
as we see gold price respond 139 if we get initiative we come into the support we get initiative of f that low that low we should see price responds as well ok once price responds to the upside that's the price response we looking for and that's ultimately the process of initiation that's began ,buying offers but sellers are responding . so the process of...
XAUUSD on the daily chart has a long-term cup and handle now in its final formation. Spot gold price has risen above the lip of the cup and is in position to ascend from there the height /depth of the cup for about another $100 on the current price based on the pattern to occur over the width of the cup or about 6-8 months. Any gold related instruments...
Gold reached a 12-month high and is within striking distance of its all-time high. Its bullish trend has accelerated on the hourly chart and is now consolidating within a potential pennant pattern, which projects a target around 2065. Incidentally this is just beneath the all-time, which is a likely area to witness a pullback due to profit taking. Volumes were...
Gold is looking good for a break down through 1959 to clear out some longs and drag in some sellers. Ideally I want to see a push below 1959 and then a retest for the lower high entry setup. Lets see how it goes.
On the 15-minute chart with a volume profile overlaid, XAUUSD broke down from a head and shoulders pattern and trended down into a double bottom. Stop Loss and 2 targets are labeled on the char along with supply and demand zones. I see this as a long swing to take on the forex market with using some leverage in conjunction with risk management in the...
XAUUSD has risen above the resistance of the lip of the cup in the cup and handle pattern formed over the past week triggering a continuation of the up trend after the market upheavals of the past couple of days. See the 15 minute chart here. With a small pullback at the mid-day of the NY session, an entry presents to take a swing long trade targetting $2010-2020
This 4 hour chart of XAUUSD Spot Gold demonstrates a cup and handle over the past year. The stochastic RSI indicator has been adapted to the long chart period. Over the current YTD the handle has formed and price is headng to the top of the cup where an uptrend should extend to the same additional upside as the cup height. This would equate to a price of...