Gold (XAUUSD) kept the 1D MA50 (blue trend-line) as Support as it made a Friday rebound exactly on it. At the same time the 1D RSI bounced on its Higher Lows trend-line since the June 29 bottom.
As long as the price is closing above the 1D MA50 (and obviously the 1943 Support that was formed), the trend is bullish towards the Lower Highs with a 1978 short-term...
OANDA:XAUUSD forms a false breakdown of the specified resistance level of 1959.8. The fundamental factors of last week indicate the weakness of the instrument
After a strong bearish impulse from the resistance of the 1983.7 range, a correction is formed aimed at retesting the 1959.8 area, the resistance is not broken and the price begins to decline. An attempt...
OANDA:XAUUSD after breaking the global trend support and attempting to change the trend is not in a hurry to fall yet, most likely the price is looking for confirmation of which way to go. Consolidation is forming which may confuse many.
In the coming week there are quite important key reports:
- ISM Manufacturing PMI (analysts expect a slight...
OANDA:XAUUSD is falling. After the news press release on Wednesday and Thursday, the price fell by 2.27 and this is one of the biggest drops in the last few weeks. The opening of the session begins with consolidation and repeated retest of support
The price is testing the support of 1948.16 and forms a small pullback and this is a fairly predictable reaction....
OANDA:XAUUSD amid FOMC speech realizes accumulated flag potential and strengthens, aiming for flat resistance, where it is at the moment
Published today:
12:30 GMT Core Durable Goods Orders (downgrade)
12:30 GMT GDP (QoQ) (improving)
12:30 GMT Initial Jobless Claims (?)
14:00 GMT Pending Home Sales (improving)
Overall there may be positive news for the...
Please, check our technical outlook for GC1!.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1977.1.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1988.0 level.
P.S
Overbought describes a...
OANDA:XAUUSD is realizing the potential of the "flag" pattern I talked about yesterday. The correction wave is ending and the price continues to strengthen
Today, Wednesday, important news are published, we are interested in those that will be at 18:00 GMT from FOMC, FED. Current issues related to the rate and inflation, some representatives of this structure...
XAUUSD has closed the last three 4H candles over the 4H MA50, turning the 4H timeframe bullish (RSI = 58.063, MACD = 1.870, ADX = 29.244). After the yesterday's Low at the bottom of the 4H Channel Up pattern, this is technically the new bullish sequence that aims at pricing the next HH at its top. The 4H RSI rebounded at the same level as on the July 06 Low.
If...
My dear friends ,
My technical analysis for GC1! is below:
The price is coiling around a solid key level - 1974.6
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1988.5
About Used Indicators:
For more efficient signals, super-trend is...
OANDA:XAUUSD is forming a bearish price channel after breaking the upward range support.
Price is testing new trend resistance, what to expect from price next?
As we see fundamental complexities in the market, it is hard to determine a clear direction at the moment, we will pay attention to technical analysis.
Gold is testing the resistance of the ascending...
Gold (XAUUSD) broke below the 4H MA50 (blue trend-line) and hit today the bottom of the 3 week Channel Up pattern that has been in effect for the whole month of July. This is a short-term buy signal as the 4H RSI is also on the same level it was on the July 06 Higher Low.
The lowest risk entry will be after the RSI breaks above its MA trend-line (yellow), as this...
OANDA:XAUUSD is forming a retest of 1959.8 from the opening of the session, but the market is not ready yet. A rebound is being formed to retest the resistance area
A review on the D1 timeframe gives us several indications that the market is still dominated by the bearish half. A global false breakout has been formed.
Locally, the price is in consolidation...
OANDA:XAUUSD on the daily timeframe shows an interesting situation, which can be confusing for those who set big targets for the price rally, which ended with a false break of resistance 1981.6
The price within two weeks is forming a strengthening , investors and whales were talking about big plans, but at the same time the dollar reversed to appreciation and...
OANDA:XAUUSD is weakening while the dollar is starting to strengthen. The only fundamental factor affecting this is inflation, which the FOMC is still trying to combat
XAUUSD is breaking uptrend support and forming a retest of flat support at 1959. There is a key liquidity zone below this boundary that could become interesting for the market, and price is...
OANDA:XAUUSD continues to execute active movements in the direction of price strengthening. This time the price is testing the resistance 1987.5, which indicates a high bullish potential and a strong trend
The price is forming a correction after the impulse. In the zone of interest we have the level of 1981. The price is testing the support and if the market...
OANDA:XAUUSD continues to form a bullish trend, indicating strong interest in the market. The strong rally is moving into a narrow consolidation, which may hint at certain implications
Yesterday we saw a breakout of the local consolidation and a gorgeous 200 pips momentum.
The price is testing the resistance at 1981.7 and forming a 110 pips wide fljt. Gold...
Gold is trading inside a Channel Up that got it off the prior downtrend as it crossed above the MA50 (1d).
The price hit the top of the Channel Up, so a pullback is expected, same as July 3rd and July 10th.
Perhaps the most important development today is the first Golden Cross (4h) since March 15th.
Trading Plan:
1. Buy near 1,966.
Targets:
1. 2005 (top of...
