Today's world gold price listed on Kitco is at 1,968 USD/ounce, down 11 USD/ounce compared to early yesterday morning. Precious metal prices continued to decline as the USD in the international market increased sharply. The DXY index, which measures the movement of the USD against a basket of 6 major currencies, increased from 105 points to 105.7 points. The...
COMEX:GC1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Gold Futures holding bullish consolidation after epic rally since early October due to Middle East tensions triggering a "Flight to Safety" trade + institutional short covering. Wait & see approach whether Gold will continue to climb higher within ascending...
PRICE FORECAST OANDA:XAUUSD : - Gold consolidates above key support as yields rise and psychological limit gains improve. - DXY is trying to recover from Friday's sell-off. Gold prices are consolidating after another attempt at $2000/oz on Friday. Despite the weaker US dollar, we are seeing a slight recovery in US bond yields and an improvement in risk...
The world gold spot price on the Asian market is around 1,977 USD/ounce, down more than 12 USD/ounce compared to trading at the same time yesterday morning. The price of gold delivered according to the contract also decreased sharply by over 12 USD to 1,984 USD/ounce. The market welcomes more positive economic information. Specifically, the Japanese economy...
WARNING - This is the 11/06/23 CONTINUOUS EVOLVING FORECAST for ICE/IDC XAUUSD spot gold ticker. As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this is meant to supplement - not replace - your trading discipline and risk management. As always, when price moves...
Gold is forming a Head and Shoulders pattern on the 4H timeframe, which is turning bearish (RSI = 44.053, MACD = 0.190, ADX = 23.859) as the price can't stay over the 4H MA50, which has turned flat. If the price closes under the neckline of the pattern, we will short and target the 2.0 Fibonacci extension (TP = 1,935.50), which is slightly over the 4H MA200. See...
ANALYSIS & OUTLOOK OANDA:XAUUSD - Weaker US labor data and safe-haven demand boosted gold prices. - All eyes are on Fed Chairman Jerome Powell and Michigan consumer sentiment. - XAUUSD may experience some downsides. OANDA:XAUUSD BASIC CONTEXT Gold prices rose on the back of a weaker-than-expected Nonfarm Payrolls report, which showed higher unemployment...
Gold has taken a pause on October's enormous rise that was backed by the geopolitical tension in Israel, and formed a Bullish Flag pattern. The whole pattern from October's low until now looks very much like March 2023. A Bullish Megaphone with Higher Lows to buy and Higher Highs to sell, led the market to the eventual 2080 peak. Trading Plan: 1. Sell as long as...
Gold (XAUUSD) is heading into today's Nonfarm Payrolls (NFP) report trading on a Head and Shoulders (H&S) within a Channel Up pattern. Even though the volatility will be great coming into the report, we should trade this on a candle closing approach. A 4H candle closing above the 1993.50 Symmetrical Resistance, will be a bullish signal, targeting 2020, which will...
Gold / XAUUSD is about to form a Bearish Cross on the 1day RSI. All previous 1day RSI Bearish Cross formations in the last 12 months have either pulled back near the 0.382 or 0.618 Fibonacci levels. With the market showing clear signs of exhaustion from the overbought valuation that is caused by the Israel-Palestine war, we have most likely seen the short term...
While bullish in the long term, we are still awaiting further pullback in the price of gold after its impressive run above $2,000. Right now, we are paying close attention to support and resistance levels near $2,009, $1,985, and $1,959. If the price of gold manages to hold above $1,985, it will be positive; the same applies to the breakout above $2,000 and...
Gold is trading on a Rising Megaphone inside a Channel Up, both powerful bullish patterns. All 3 Lows prior have been priced under the MA50 (1h) and on the Rising Support. The MA200 (1h) has been supporting all the way back since the October 8th breakout due to the war. Trading Plan: 1. Buy when the price crosses under the MA50 (1h). 2. Sell if it crosses under...
Gold turned again marginally overbought on its 1D technical outlook (RSI = 70.196, MACD = 25.640, ADX = 45.356) as it managed to stay supported inside the Channel Up pattern of October, over the 4H MA50 as well. Even though Gold's price action this past month took many traders by surprise, its price action is really that simple, a technical Channel Up, which keeps...
Gap + break the Gravity centre + pull back ROYAL BANK OF CANADA go to down
Gold (XAUUSD) is having an remarkable 3 week rally after a technically flawless hit-and-rebound on the 1W MA200 (orange trend-line) on the week of October 02. Obviously, this rally has been stretched by the geopolitical unrest in Middle East and isn't purely technical on its full range, but besides the small fundamental correction we should see once peace is...
i am still very bullish biased towards gold i believe you should not be looking for anykind of selling trades right now since you are against a strong trend. but the day we hear a cease fire situation you should forget all of this and look for sells.
HEADER - Post #2-2 showed bulls want to fight to the end. That end looks like this right now. SUMMARY - If bulls break out here, they want all the way up. Fail, and bears make them pay. DETAILS - Please see previous posts for details. WILL ADD NOTES - In comments section when I have time.
Hello everyone, After breaking an important psychological level, and optimism of bonds higher, Gold seems poised for stability at current levels and may continue higher. Being a classic 'safe haven' Investment, it's not surprising that currently investors will be looking to Gold. Plenty of room for Intra-Day Traders to do well right now. Happy Trading!