Gold Hits New ATH – Is a Bearish Crab Reversal Next?Gold ( OANDA:XAUUSD ) started to rise today after the release of the
ISM Manufacturing PMI index formed a new All-Time High(ATH) .
The question is what price range could the new ATH price range for gold be in?
Gold is currently moving near the Potential Reversal Zone(PRZ)($3,557-$3,531)
About Gold Spot / U.S. Dollar
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
GOLD Overview: Rose sharply and broke important resistanceIf we zoom out and take a look at how the price moved on GOLD, we can see the following:
The price repeatedly tested the area of resistance while setting consecutively higher lows.
The highs around the resistance price formed a horizontal line. Then, it recently broke it with strength.
This forms
XAUUSDHello Traders! 👋
What are your thoughts on XAUUSD?
Gold has been moving within a medium-term ascending channel and recently managed to break above a major resistance area that had previously rejected price multiple times.
Currently, the price is facing a psychological and technical barrier at the
GOLD → One step away from 3500. Consolidation. What next?FX:XAUUSD has been rallying towards 3500 since the opening of the session, and the market has every chance of testing this level. Consolidation or correction may form before the next breakout...
Gold resumed its growth at the beginning of the week, reaching five-month highs around $3480 amid d
Gold in Focus: Pullback Sets Stage for Next MoveGOLD has been moving within a rising parallel channel. And recently price just pulled back sharply from the channel’s top and touched the lower boundary, where it was strongly rejected. That rejection wick indicates that buyers stepped in already.
If momentum picks up again, the channel top could
XAUUSD: Ready for the Next Breakout?Hello, let’s take a broader look at OANDA:XAUUSD together.
Last Friday, gold surged strongly. The precious metal is now moving around 3447 USD and has become more attractive than ever.
So, what’s next for gold?
From an economic and market perspective, gold is benefiting from ongoing uncertaint
Gold will continue to grow inside upward channelHello traders, I want share with you my opinion about Gold. The market context for Gold has been firmly bullish since the price broke out of its prior consolidation range, a move that originated from the deep buyer zone. This breakout shifted the market structure, initiating a new impulsive phase th
GOLD (XAUUSD): Road to ATHGold has been consolidating within a wide horizontal range since the end of May,
on a daily timeframe, and we see a test of its resistance at the moment.
A decisive breakout above the daily resistance cluster would clearly signal a bullish continuation.
I anticipate that the market will soon rea
GOLD - Ascending Triangle into new All Time HighMarket Context
Gold has been steadily climbing, forming an ascending triangle pattern over the past few months. Buyers continue to defend higher lows, while sellers repeatedly reject price near resistance. This type of structure often signals building pressure, with volatility likely to expand once
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.