Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
Hello dear friends! Today, gold is on the rise again, well-protected as the bulls successfully maintain prices above the $2300 support level. Gold has climbed nearly 150 pips from the same time yesterday and is currently hovering around the $2335 mark, near the EMA 34 and 89 lines. The short-term trendline continues to favor buyers. As long as the $2300 support...
Hello everyone, gold continued its recovery during the last trading session on Friday, with the metal trading around $2340 USD and marking a 0.3% recovery for the day. This resurgence was driven by last night's downturn in the USD, which provided momentum for a recovery in XAUUSD. In the short term, this metal continues to receive support from investors as it...
Hello dear friends, let’s recap last week’s gold prices and strategize for the upcoming week. Overall, last week gold saw no startling fluctuations, adjusting downward from $2400 to $2338. This decrease followed a cyclical pattern in gold’s movement and was within expected trading behavior, so there's no immediate cause for concern about this metal. In the last...
OANDA:XAUUSD ANALYSIS - Now that the risk of a broader conflict in the Middle East has subsided, gold attempts bulls look to a softer dollar to prop up prices - Gold (XAU/USD) attempts to lift off of support at $2320 OANDA:XAUUSD BULLS LOOKS FOR INSPIRATION IN THE DOLLAR AFTER TENSIONS SUBSIDE Implied gold volatility (GVZ) has experienced a notable drop...
Hello traders! OANDA:XAUUSD The bulls seem to be holding firm in the market, with an ascending triangle forming. The uptrend could continue with a break of $2,330. As I mentioned: An ascending triangle is forming, price is compressed at $2330, however price is quickly breaking out towards a likely target where bears are holding $2335 - $2340, In the current...
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.
Dear friends! In general, since gold took profit at 2418 USD, the price has dropped sharply, this is carefully observed on the daily time frame, clearly built by 3 strong bearish candles at one point reaching 2291 USD! However, the price quickly bought back this decrease to reach the 2338 USD mark. On the contrary, for this growth momentum, I am expecting and...
Welcome investors! Let's analyze the gold market situation after notable fluctuations in recent days. April 25 witnessed a sell-off of stocks globally, leading to US and European stock indexes sinking deeply into the red. This prompted many investors to redirect their investment capital to precious metals such as gold, causing gold prices to skyrocket that...
Hey Everyone, Another great day on the charts today buying dips from our Goldturn levels with plenty of opportunity to milk the range. After tracking and trading the movement level to level all week using our cross and lock confirmation, yesterday we stated that we will now need a body close above 2326 to open retest to 2354. - We got the close above 2326 and...
FX:XAUUSD on the background of dollar correction is strengthening to the resistance of the bearish channel, which was formed on the background of sell-offs. Ahead of strong news, on the background of which the price may reach the liquidity zone before further decline. On the high timeframe, a false breakdown of support is formed, liquidity gathering and after...
Introduction - This is closure for binary forecasting for the people who follow it. Consider this draft as clarification for these two months as it relates to the standing long term forecast in Rumors of a Pivot, Part 3: Details - These are two most likely routes to June FOMC. In theory, whatever ultimately happens should be simple variations of these two...
Hi everybody! Recently, gold continues to maintain positive growth momentum in maintaining the 2300 USD level. Gold's rally is driven by many fundamental factors, including after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could reduce borrowing costs. It is expected that in the coming time, the uptrend will...
Hello everyone, after experiencing a decline of about $90/ounce in the first two sessions of the week, the global gold price has slightly rebounded, reinforcing the belief that the $2,300/ounce level is quite solid. This supports the view that the recent drop was an opportunity to buy for the long term. Global gold prices have remained high as investors continue...
By checking the gold chart in the 1-hour time frame, we can see that the price started falling from the range of $2332 last day and corrected to $2312! (+200 Pips) After that, it faced buying pressure again and grew to $2352! There are a series of very important supply levels in front of the price that I want to specify for you! First of all, the range of $2352...
Ralph Benjamin greets everyone! Currently, the price of gold is struggling to attract any meaningful buyers in the context of purchasing new USD. Betting that the Fed will maintain higher interest rates for a longer period of time in the face of challenging inflation will help revive the demand for USD, thereby allowing short sellers to expect some selling waves...
Western Texas Intermediate, the US crude oil benchmark, is trading around $82.45 on Thursday. The black gold edges lower as the fear over wider conflict in the Middle East fades. Additionally, the hawkish tone from the Federal Reserve boosts the US dollar and caps the upside of black gold. Crude oil is one of the most in-demand commodities, with the two most...
Introduction - Bulls are setting up for a double bottom with a "V" reversal. This means the median will hold. This means 2500-ish on or before 05/23. This does not mean a straight line there though, because medium term 2-way vol is set to stay high all the way to June. Details - See previous drafts for how we got here. Warning - If you are new to this...