Gold (XAUUSD) broke below its 1H MA50 again (blue trend-line). Within the 2-week Channel Down pattern on this chart, every time the price broke below the 1H MA50, it continued to a Lower Low. With the 1H MACD also under a Bearish Cross formation, this is a clear technical sell signal and below Support 1 (1925) is Support 2 (1912.60) for a potential Lower Low. We...
OANDA:XAUUSD has weak buying power at the moment. There is no update of local highs, the price is returning to the support retest. The probability of support breakdown is increasing On the daily timeframe the price tried to test the strong resistance 1939, a false breakdown is formed and consolidation below the level. After this phase we saw a local...
OANDA:XAUUSD continues to form a descending price range after the breakout of the bullish trend. A "flag" pattern is forming within the new channel, a false breakout was made on Friday There is not much important news in the coming week, but it is worth paying attention to Thursday and Friday, the reports may provide insight for the medium-term outlook. Bottom...
Please, check our technical outlook for GC1!. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1978.1. Taking into consideration the structure & trend analysis, I believe that the market will reach 1963.5 level soon. P.S We determine oversold/overbought...
My dear friends , I analysed this chart on GC1!, and concluded the following: The price is coiling around a solid key level - 1979.0 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Target - 1963.4 About Used Indicators: On the subsequent...
GC1! - Classic bearish formation - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GC1! Entry Level - 1976.8 Stop Loss - 1993.9 Take Profit - 1951.2 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSD has been consolidating below the previously broken descending channel support for two days. From the basic fundamentals, this formation suggests a strengthening sentiment for further declines, but there are always nuances to it Analysts were expecting bearish news for the dollar, which was previously published, but the index is showing a bullish...
OANDA:XAUUSD is breaking the range support, and on the daily chart the price is testing one of the key support levels. Here the candlestick analysis indicates the preconditions for further decline The price is breaking the support of the descending range. Consolidation of the price below the previously broken support is formed. Since the price is forming...
OANDA:XAUUSD is forming a descending range after breaking the local trend. On D1, the chart is showing strong pressure from resistance and is forming a descending triangle which could give a strong fall, but there is news ahead... The price is testing the support at 1943 with the last move, making a false break and thus updating the local low to 1941.29. Based...
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...
Even if you are not a gold bug, you have probably caught the news about central banks being on a gold-buying spree, with 2022 marking the record year for central bank purchases. This trend has not stopped in 2023, and many countries intensified the diversification of their reserves amid economic uncertainty, geopolitical tensions, and high inflation in the United...
OANDA:XAUUSD is forming a false break of support after which a bullish impulse is developing, which is predictable, but within the framework of the local rally the price cannot update the local maximum, which may indicate buyer weakness A fall is formed after the establishment of LH 1972. The price breaks the 1959 level and forms a consolidation below the...
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...