Gold is reaching an important goal for us. We've been waiting for this. A test of the level of 1885.100 is being formed. On the background of distributive fall and strong sell-offs, a rebound may occur. TA on the high timeframe: 1) A huge pool of liquidity is formed below the level of 1885, most likely, a false breakout should occur before the rebound TA on the...
OANDA:XAUUSD is following a clear script. I recommend studying the latest ideas on XAU to understand the reasons for further decline. At the moment this stage could go to 1885 before a further bounce. At this point I am only expecting a fall to 1885. This area is clearly of interest to MM and the market, on the background of a strengthening dollar, the price...
Gold (XAUUSD) is about to test the 1W MA50 (blue trend-line) for the first time since the week of December 26 2022. Last time it was nearly hit (February 20 - 27 2023) it supported the pull-back emphatically, and initiated a strong rebound. Almost 5 months ago (May 4), when everyone in the market was jubilant about Gold's new All Time High, we warned the...
OANDA:XAUUSD is breaking another support line again. Bearish prerequisites, which I previously wrote about, putting the market in the phase of realization of accumulation, a high chance of continuation of the fall On the chart we see the formation of a global consolidation range. The price breaks the support at 1915.3. The correction after the breakout is...
Gold / XAUUSD should be approached with caution as today it formed a Death Cross on the 1day time frame. On the shorter 4hour chart, it remains inside a Channel Down pattern and reached now Support A (1,900.50). This is a low risk buy but only as long as the price stays inside the Channel. The 4hour RSI has already hit the bottom of its Channel Down. Cautious...
Gold falls from 1928.5 and reaches support in my scenario. We have taken the target. At this point, while the market is forming a sideways range, price may form a bounce from 1908 before falling further. TA on the high timeframe: 1) Important target is 1907.6. The market is looking to test this area 2) Price passes one of the key liquidity areas, the next leg is...
Expecting gold price (xau/usd) quadruple in ten years. I estimate at least 6500usd. This estimate is for current economic conditions of the world. No one knows what will happen in ten years. Biggest problem with gold price is people buying gold virtually over banks etc., when people start to buy gold physically, it will skyrocket beyond my estimation. They are...
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...