Gold is forming a resistance retest. Against the background of the global descending channel, the price may form a false breakout, but against the background of consolidation near resistance, the chances of a breakout increase.
TA on high timeframe:
1) We have the formation of the 1934-1907 range. There is a false breakout and pin-bar formed against...
Gold has been declining since the opening of the trading session. The market continues to form a sideways flat. Purchases after strong sell-offs bring the price only to the retest of the strong resistance area, after which the metal weakens again
On the chart we see the current set-up - flat. The price is declining after the resistance retest and breaks through...
Gold is a day or two away from the first Death Cross on the (1d) time frame since July 1st 2022. That initiated a massive sell off at the time.
The price is currenting on a long term bearish track with the Falling Resistance and Support forming a Falling Wedge.
The Rising Support since February 28th is the seperator from a potential bullish reversal to a strong...
Gold (XAUUSD) is trading around the 1D MA50 (blue trend-line) after a Lower Highs trend-line at the top of 2-month Triangle. The MACD on the 1D time-frame has formed a Bullish Cross and as the green Ichimoku Cloud turned green, it waves a buy signal. Every time the Ichimoku turned green since July, Gold flashed a buy signal. As a result we expect one more rise...
OANDA:XAUUSD is testing the upper boundary of the global descending resistance again at the end of last week. The retest occurs at the moment of strong news, but the key candlestick pattern is formed exactly at the moment of FED & FOMC speech, as a result of which the market determines the further prospect of strengthening the dollar and hence - the fall in the...
After the big drop due to the FOMC gold created a bearish breaker on the 4H and left a liqudiity pool on 1h coming to next week I'm expecting it to go higher to take the Buy side liquidity before going down, I prefer sell on this market coming to next week
Gold has long been considered a safe haven during times of economic uncertainty, but its reputation as an inflation hedge is questionable at best. While it is true that gold has historically shown some correlation to inflation, this relationship is far from foolproof. In reality, there are several reasons why gold's performance as an inflation hedge falls...
Gold bounces off the local support at 1915 and the price returns to retest the key resistance. Price is in a range and we are now interested in flat resistance.
TA on the high timeframe:
1) Pin bar resistance 1934.
2) Price does not reach one of the key resistances 1949 for a few pips, indicating strong pressure from the resistance
3) At the same time, active...
OANDA:XAUUSD is recovering after strong sell-offs and a false break of the 1915 sideways range support. Within the flat we expected this movement, but in the medium term gold has a negative fundamental background
On Friday, gold will continue to stay inside this range, consolidation will continue. The price may test one of the nearest resistances before...
Gold is losing almost 1.5% amid sell-offs. Yesterday, before the FED speech, the market maker strengthened the price to 1947.3. The news was strong for the dollar and weak for gold, thus we see a strong sell-off and at the moment the price is at 1919.5.
Ta on the high timeframe:
1) False break of resistance at 1934
2) A strong candlestick pattern is formed for...
OANDA:XAUUSD surprised many people yesterday, but not us. On the background of the previous days analysis (technical + fundamental) we had an idea about further actions on the market
In brief: Powell left the rate unchanged, but there were a lot of words that if the market remains aggressive, they will apply appropriate measures. And considering the fact that...
OANDA:XAUUSD is reducing volatility amid expectations of FOMC data release. Earlier we saw an attempt to break the strong trend resistance, but now there are nuances appearing
The Federal Reserve is not going to raise or lower rates (at the level of rumors). In any case, this is positive-neutral news for the dollar. That is, if the situation does not change,...
Gold is holding well inside the last week's Channel Up and on the 1H timeframe it reached the overbought zone (RSI = 74.328, MACD = 2.620, ADX = 35.131). Even though we are bullish long term, this overbought state might cause a minor pull back or consolidation as on September 15th. The RSI has in fact reached the 77.600 R1, which was the High of that date. This...
Gold broke the strong resistance area of 1928.5 earlier, now the price is aiming for the next resistance ahead of the release of important news.
TA on the high timeframe:
1) FOMC is not going to raise rates this time. I think the data release could have a big impact on metal pricing
2) In the long term, there is a chance that the price will start its decline, as...
Gold closed yesterday's (1d) candle over the MA50 (1d) but still remains under the Falling Resistance of July's High.
If broken, we will most likely get a strong rally, same as November 2022.
In fact the August-September 2022 fractal is so far very much like today's since July.
Trading Plan:
1. Buy if the price crosses over the Falling Resistance.
Targets:
1....
OANDA:XAUUSD reverses. The price overcomes several resistances and updates the local high, when retesting the liquidity area, to 1935
If we pay attention to the high timeframe, we can see that the price overcomes the resistance of the downtrend (wedge). The daily candle on Monday closed almost at the daily high, which is a strong signal that with another...
Last time we looked at Gold (XAUUSD), it gave us two sell opportunities both of which hit their targets (see chart below):
The price has been rising since, supported by the 1H MA50 (blue trend-line) and on top of that, the 1H Golden Cross has been formed. Last time we saw that pattern was on August 23. On that fractal, once the 1H MA50 broke, the price...
Gold / XAUUSD has been inside a bearish trend since the May 4th high, through a Falling Wedge pattern.
The rise since Sep 14th is going against that pattern's need to make a new Lower Low.
In this way not only is it delaying (or potentially avoiding) a 1day Death Cross but also if it closes over the 1day MA50, it may be the final warning before an upward break...
