Price retesting the resistance at 1726.45 while facing support at 1719.23 & 1714.71. so if price continues to respect 1714.59 as its support & makes a break & close above 1726.45 on 30 min tf then price might continue to go up all the way to retest the next resistance at 1745.47. However if price breaks out of the support at 1714.59, than the long trade...
Price while moving in a recent downtrendline, it formed a very recent resistance at 1710.13 while having a htf resistance at 1715.61. so as long as price continue to respect the current resistance at 1710.13 and makes a breakout of recent low then price might continue to push down to retest the next key level at 1693.68.
price created a small structure with a small resistance at 1716.18 & support at 1705.86 from the start of this week while making a breakout of the downtrend channel. now price if breaks out of the structure on the long or short side then it might move to the next support and resistance in the direction of the breakout which are, support at 1699.36 & resistance at...
Gold has a recent resistance at 1725.62 & support at 1681.15. price if breaks out of that resistance, then it could push upto 1745.11 or 1764.42 as a retest on the downtrendline. However, if price breaks & closes below support at 1681.15 then price might continue to push down in respect to the downtrendline creating new lower low on a higher timeframe.
Gold has a Recent resistance at 1712.14 from & Support at 1698.80. now if gold respects its resistance & breaks out of recent support at 1698.55 then price might move bearish in respect to the downtrendline to all the way retest 1681.15 key zone. However if price breaks out of the recent high at 1714.86 then it would be a breakout of the downtrend & price might...
Gold if makes a breakout of the resistance at 1728.49 then it would be making a breakout of the downtrendline & that might lead gold to push towards 1735.90 or all the way to 1740.49 key zone. And gold finds resistance at 1728.49 & makes a breakout of the previous low at 1709.25 then it might push to 1700.60 or all the way to 1685.06 key zone.
looking for sells below the previous low of 1718.98 in hopes of price retesting 1712.58 & looking for buys if price breaks out of 1732.80 with further bullish move. but careful with the fakeouts.
Markets eye US CB Consumer confidence and JOLTS job opening for further direction. Gold price showed a minor pullback on US dollar weakness. Technical: The near–term support is around $1720, resistance around $1760,
Pivot Point: 1766 Currently: Consolidating at this 1773 level , its next support zone is at 1780 Reaction: Resisted at 1756 and retraced back to 1750 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just...
#GOLD - - As we can see, GOLD is still going down since the last few days. The reason was that the US10Y was constantly strengthened by MARKET UPDATES. But as soon as there is an opportunity in the future, GOLD can be BUY as per the MARKET STRUCTURE. But yet there is no reason or incident to make GOLD MARKETS FUNDAMENTALLY UP yet. - By now, GOLD must go to...
- As we can see, the GOLD is still down yesterday. But as soon as we get a chance in the future, it could be GOLD BUY. The reason for this is that we can introduce the new rules used by BIDEN for RUSSIAN GOLD. - By now GOLD must go to 1808 LEVEL. Then by 1885 the PRICE must be UP STRUCTURE BREAK If one comes. Definitely FOLLOW the STRUCTURE we provided. ...
Possibility of a bounce up in Gold from this level if the support does not break I will wait for another opportunity and I believe during the FOMC meeting, we might get a quick dip below 1800 in Gold.
Technical: The near–term support is around $1918, violation below targets $1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1940, any breach above will take to the next level $1977/$2000/$2020. It is good to sell on rallies around $1928-30 with SL around $1950 for TP of $1850.
Gold gained above $1950 on rising crude oil prices. Technical: The near–term support is around $1934, violation below targets $1918/$1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1950, any violation above will take to the next level $1960/$1977/$2000/$2020. It is good to buy on dips around...
Factors to watch for gold price action- Global stock market- Bearish (Positive for gold) US dollar index –Bullish (negative for gold) US10-year bond yield- Bullish (negative for gold) Technical: The near–term support is around $1780, violation below targets $1750. Significant reversal only below $1750.The yellow metal facing strong resistance $1820, any...
Technical: The near–term support is around $1810, violation below targets $1800/$1780. Significant reversal only below $1750.The yellow metal facing strong resistance $1835, any violation above will take to the next level $1860/$1877/$1912 is possible. DISCLAIMER: ((trade based on your own decision )) <>
GOLD has been making a weekly downtrend All the fundamentals are making bearish pressure If the market reacts to our analysis, it will be a great oportunity TIPS: Enter in a Lower time frame Don't forget stop-loss Plz make confluence with other sources "Don't predict the market, let the market react" "Patience is the success for...
GOLDUSD Daily chart