Gold (XAUUSD) stopped its 10 day pullback yesterday on the 1D MA50, which is the level where the short term Channel Up priced the previous HL on December 13th. The 1D timeframe is technically neutral (RSI = 47.836, MACD = 6.750, ADX = 32.595). If the 1D MA50 is crossed though, the trend will turn bearish in a way comparable to the May 17th 2023 bearish crossing....
Gold is on a fierce rally since the October 6th bottom that has turned the 1D technical outlook overbought (RSI = 71.518, MACD = 17.530, ADX = 38.679). The price crossed over the Fibonacci 0.618 level but Friday's 1D candle closed downwards leaving a big wick above (but still closed green). We may see a Triangle consolidation much like March 20th-April 3rd before...
Gold is oversold on the 1D timeframe (RSI = 25.484, MACD = -12.310, ADX = 33.367), the RSI hasn't been that low since July 2022. This is the selling leg from the top of the Channel Down after t brutal 1D Death Cross (the first in more than a year). The standard selling sequence is around -5%. We expect a rebound (short term) to the former LL trendline (TP =...
Gold crossed and will most likely close the day under the 1D MA50 turning the 1D timeframe marginally bearish (RSI = 44.910, MACD = 1.190, ADX = 25.617). The strongest Support level is the 1D MA200, which right now is trading exactly on S1 (1,893). We have however a bullish pattern close to completion as the price may be forming the RS of a huge Inverse Head and...
Gold continues to form a correction. After a strong and confident growth, the price moves into a consolidation phase. From the resistance of 1807, the price is heading towards the support of 1765.
There is a strong support zone on the chart (includes the support level, the lower boundary of the price channel, the lower boundary of consolidation). Price meets...
The dollar traded lower Monday after Friday's reaction to U.S. nonfarm payrolls data (NFP) led markets to speculate that the Federal Reserve would be less aggressive.
(Chart 1. Correlation between the performance of the dollar index, 10-year government bonds and the price of gold)
The U.S. dollar index is down 0.4%
The price of 10-year government bonds is in...
Gold has reached very strong demand areas and the start of the ascent from it and now it has penetrated us a good resistance zone and we are likely to see it at previous peaks
A very correct and strong analysis, we achieved the conditions, broke the strong demand area and came down strongly, and it is likely to continue to fall to the target at the bottom.
GOLD: The price made a false breakout of the resistance level 1720, which I had indicated earlier. You can see on the chart that after the false-break, the price formed a consolidation under the level - which is an adequate entry point.
The global trend is descending, also, the price is traded in the price channel and earlier, when the price did not reach an...
GC1! Gold 2021 Dec 05 Week
Market traded in a $20 range last week, quite an average trading week
for Gold. After the ultra high volume wide range bar a, we do not see
any follow through in strength.
Trade will be guided by the trend channel.
Price having exited the uptrend line, will this indicate oversold? or if
price is rejected by the uptrend channel...
GC1!
OANDA:XAUUSD
GC1! XAUUSD GOLD 2021 Aug 23 Week
Last week we talked about trend emerging.
Price broke out of channel, long opportunities on retests on
25 and 26 Aug. Market usually returns to test the previous zones,
so it is fine to miss a trade, WAIT and it will come to you.
Weekly: Wide spread up bar closing on high on healthy volume
Daily:...
Hello, after gold was at the top and gradually declined, as shown in the analysis, with low and tilted resistance until its price reached 1873
It rose secondly, trying to break the green resistance, but did not break it and settled into a resistance in the form of a rectangle, who tried secondly to break the green resistance and was unable and quickly fell...
Hello, gold is now in the fierce resistance shown in the analysis in green, but I notice that this is a good opportunity to buy although the resistance is difficult, but when the first green resistance is broken, we can buy with comfort and when the yellow resistance is broken it will be a good profit for us and we wait for a break Orange resistance to take...
Hello traders,
After having a period in equilibrium, The Gold Future is taking an increasing trend.
GC could break that zone of equilibrium above it, and therefore it takes that upward trend. But as I said in my long term analysis of GC we need an important volume that could push the GC price over that maximum price of 18/05/2020, we should wait for those...
With an increasing trend since 18 June, now we have signs of a decreasing one. With the high level of volume, GC will go down. This prediction is for an intraday trading.
It seems that each GC is trying to break the previous zone of GC it goes back to it.
If we take a look at GC in daily, we will find that the volumes are stable since April, so to go out of this...
