Xauusd might retest the resistance before falling, but in case if it breaks support then we will wait for retest and then take a sell order And we can see that Golden indicator is also showing us bearish movements.
gold is expected to reverse from this level, and could also sweep first wait for confirmation and then enter with strict sl and proper entry (after confirmation only)
I am not your investment advisor, its just for analysis purpose
Gold price is under pressure by some 0.3% on the day and remains in the hands o the bears following the first Federal Open Market Committee Minutes of 2023.
The minutes were released whereby investors have been searching for further insights into the near-term path for policy and any comments regarding the possibility of the Federal Reserve going back to 50 bps...
Peace be upon you, there is a high possibility for the rise of gold with the breach of the bearish flag with a positive candle that confirms the strong entry of buyers
BUY GOLD
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Although Gold is gaining more stability while tapping sideways, it should work on its upwards momentum to carry on with our primary scenario. In this case it would rise up to the orange target zone to complete the orange wave iii. After completion, the orange wave iv should push the Gold back into a correction. In our alternative scenario with a probability of...
Gold bounced from a strong sell and resistance area ..
Where I see that the price is moving to the desired or specified area.
and until then we will update.
The gold market appears to have entered the initial stage of a new, major impulsive wave, identified as the third in a sequence of such patterns. This cyclical trend can be traced back to 1832, with the completion of the first wave in 1980. The corrective wave 2 concluded in 1999, and the first impulsive wave of the current third wave began in 2001.
In my...
Are we repeating history and reliving the Roaring Twenties or should we call it the Golden Twenties? Gold is currently channeling all its power and following an upwards slope. Pushing up north, we're expecting the trend to stay strong to work its way above the resistance at $1824. Primarily, Gold should continue to move north as long as it remains above the $1739-mark.
Gold could not make a new high and made a false break.
We are considering selling at a resistance zone where a false break was created.
Some pullback or sideways movement is expected.
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GOLD is moving sideways. The price is coiling up.
Always, contraction leads to expansion.
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Price action created a false break of the strong resistance level at $1855.
GOLD pulled back to the consolidation zone.
We anticipate further price movement down.
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Yesterday's fundamentals moved XAUUSD to its previous resistance levels.
GOLD is bearish on daily timeframe. We expect the price to continue its trend.
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Gold moved to higher price levels by making higher highs on 1H.
Price is slowly gravitating to major resistance level 1870$.
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