Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one. At the same time, the dollar has stopped and is forming a triangle. A decline in the dollar will strengthen our gold. What to expect from the price?
In that case, the chance of further declines will increase. But we have to understand...
Gold forms a smooth transition from the downtrend to the 1984-1954 consolidation. We see an attempt of downtrend change, but will it be confirmed after the NFP?
Yesterday the price made the retest of 1984 resistance, but at the same time we did not see the fall after the false break-down of the resistance. There is a consolidation near the resistance between...
Gold breaks support 1954. Exactly what we've been preparing for for days is happening. The price updates the low to 1936. As the session opens on Friday, the market is buying back the drop. What should we expect from the price on Friday?
The important news will be published today, which will give us the insight about the inflation and about the further actions...
Gold closes this week in the red zone with -0.27%. The metal is in a retracement or technical pullback phase, the target of which could be the support of the 1981 range.
Since we have a strong uptrend, we prioritize the scenario to buy gold.
The price forms a sideways range of 2048 - 1981. A false break-down of the resistance sets the price down to the area...
The technical view of gold tells us that it may continue to rise and soon enough make a retest of the March 2022 price high, 2070.630.
What is going on now:
1) The weekly candlestick, like the daily candlestick, closes at the very high. I conclude that the growth is not over, and from Monday the market will continue its rise
1.1) Monday's session may open with...
Gold is coming out of a bearish wedge at the end of February and forming a 1.6% momentum under the sounds of positive fundamentals for this trading instrument. What's next?
At the moment a technical pullback to the 1831 area (strong support level) is forming after the growth. It is worth paying attention to the interesting and strong signal from the crossing of...
Gold reaches the first important mark of 1858, but the resistance zone, tentatively, stops the distributive movement. There might be a technical pullback phase.
Gold makes a false breakdown of the consolidation resistance zone and the level of 1858, at the moment we see the price consolidation in the short zone, thus, the price opens the way down to the 1840,...
Gold has been in a consolidation phase for almost a month (since early December) after a strong rise. Gold is headed for strong resistance. What to expect from the 1807 level?
Gold has been recovering quite strongly since early November, but after a strong rally it went into a consolidation phase. It is worth noting here that there is no deep pullback, and we...
Gold prices fell to a near two-week low on Thursday amid a rising dollar and U.S. bond yields after the Federal Reserve announced its rate stance, which dashed hopes for a loosening of monetary tightening from December.
(Graph 1: Correlation of the dollar index, 10-year government bonds and the gold price)
-The dollar index and 10-year Treasury yields...
Gold prices jumped nearly 1.5% Wednesday to $1674.7 as dollar and bond yields eased amid signs the U.S. Fed's aggressive rate hike has taken some inflationary pressure off
The U.S. Fed Reserve is expected to raise rates by 75 basis points in November. Also likely to lend itself to a discussion of "how much higher it can safely raise the cost of...
Hi friends
the weekly chart shows the downward trend I recommend the seller's income but also you have to be vigilant of the change from the direction to the opposite
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thank you
Hi friends
the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but also we must be vigilant of the change of direction
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nice correctional movement on spy yesterday.
the price perfectly dropped to a support line of a major rising channel.
this support matches perfectly with a 618 retracement of the last bullish impulse
+ bullish engulfing candle formed, confirming the strength of structure.
I believe that now it can start recovering.
goals:
3507
3560
