After breaking through the $1,900 support level in the latter half of the year, gold accelerated its descent, reaching an ideal correction level at approximately $1,810, as per the Fibonacci 0.618 retracement. In tandem with the rise in risk perception leading to increased demand for commodities, the gold market witnessed a gap-up opening. The price per ounce of...
Hello,Traders! GOLD broke a key horizontal Level of 1854$ retested it And is going up again now So I believe we will see A bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
We saw gold gap up which I believe needs to be closed, with a drop down to support around 1834, but may go further. The Israel Palestine conflict caused the buying of gold, however as a non-yield bearing asset it's less attractive than USD, and a strong USD is bad for gold, so I think we may even see a fall back down to the bottom of the channel at 1800. If it...
The price went down to the weekly support on this drop. The weekly support held the price and the price reversed from there. Unfortunately missed to notice this drop to the weekly support and could not position myself. However, the price may go at least up to weekly resistance 1915-1925. Therefore if the price pulls back close to the weekly support again before...
✅GOLD is going up just As I predicted in my previous Analysis but now a local Horizontal resistance is Ahead at 1860$ from where A local pullback is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Macro Monday 15 Gold Performance During Recessions vs S&P500 With the U.S. Treasury Yield Curve being inverted since July 2022, many leading analysts believe that the U.S. economy is headed toward a recession in coming months. Many of the charts covered on our Macro Monday releases are signaling some recession concerns (not confirmations). With this in mind, we...
XAUUSD bounced from support Where do you think it is headed next?
Hello dear traders . With broken Gann Box 0.5 Fib it is logical to retest 0.5 fib level befor collapse . But with momentum of market and future fundamental prediction , it is expected to move upward to 0.618 ( price about : 2222 $) monthly Gann Box level within Aug.2024 period . 2nd scenario is retest 0.5 Gann Box level befor tollal collapse . it could be retest...
Gold showing us exactly what we want to see from our secondary US pairs a bullish range with a gap at the top now gold is slightly different to our other US secondary pairs as price action has stayed above the gap since creation rather than falling below the gap so in turn we have gapped higher with gold rather than gaping lower like the rest of our pairs now...
Hi Traders,I hope you had a good time. My previous analysis on gold worked correctly in the 4-hour time frame and we saw the gold price pump. Currently, gold needs to go down in lower time frames to collect liquidity. Short stop I'm on gold in the chart. If you like this analysis, please don't forget to like and follow.
Hi Traders,I hope you have good time.Gold is supporting after a heavy drop. It has created imbalances in the multi-time frame that the price wants to fill. My order will be opened at the indicated price. This position has a good R/R. If you like it, please like and follow.
Gold has fallen around -7% since bearish pinbar high around 1950, and has done so in a relatively straight line. Yet bearish momentum has receded, and prices are holding above the monthly S1 pivot point. The decline has also failed to test 1800 (a likely solid area of support), which adds to the case we may be due a bounce. We’re not looking for any home runs,...
Details on chart - looking to continue playing the overall bias of dollar bulls, however, watching out for short-term impact of new increased geopolitical tensions
Hello,Traders! GOLD has retested the Horizontal support level Of 1809$ as you can see On the left chart and is making A rebound already. Now, lets Examine the lower timeframe on The right. There we can see a Bullish breakout from the flag Pattern which reinforces our Local bullish biased and I Think that we will see a Further move up on Gold Buy! Like,...
$xau had massive buy in this zone in 2022 that couldn't break the 2020 high, fail here and its back t 1500-1700$ range high, VAH, monthly OB/level, supply zone, mid channel - careful
Gold Elliott Wave Count Gold - The market looks its completed the bearish 3rd wave and looks 4th wave correction has begun and is expected to rise upto 1830 to 1836 range, this outlook is for short term only not advisable to take any positional trades. However, if the market breaks below 1812, this view would be deemed invalid. This information is for...
✅GOLD has almost reached A strong horizontal support While forming a narrowing wedge Pattern from where we are Seeing a strong bullish breakout So a further move up Is to be expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Gold Price Awaits US NFP Data Amidst Dollar Consolidation Gold prices are showing signs of stabilization after two consecutive days of correction from an 11-month high. The recent consolidation of the United States Dollar (USD) has provided some respite to the precious metal, which had experienced downward pressure. However, the fate of gold remains uncertain as...