In our previous analysis of gold (XAUUSD) we assumed a final stab (on the bottom) and turning point around June 30th. Based on the calculations, there was a high probability that there would then be an upward movement until 05/06. will come. From the point of view of the cyclical analysis, the movement low of June 30th and the high of July 6th were hit...
Cyclical Analysis on Gold (XAUUSD) Precious metals and especially gold are undoubtedly an extremely popular speculative product. If you look at the past trading days, on the other hand, there wasn't really anything to tear with this underlying. A certain volatility could only be found in a very small time window, which made the establishment and management of...
Gold Forecast 1Hour time frame : Buy it after confirmation
Hi guys! 👋🏻 🔔 Some data to consider: Several Central Banks, including CBs of Hungary, Japan, Turkey and India have increased their Gold reserves in March, total purchases of all banks exceeded 172.2 tones. Central Bank of Hungary purchased 63 tones of gold to hedge from the US inflation, while Turkey, India and Japan CB's are most likely to hedge the risk of the...
The trend is up for $gold - looking to hit $1830 in the next week.
Cup and Handle pattern... Gold will be PT 9,963 about 10 years later while Dogecoin will be 1k-10k Bitcoin 2.0
Clearly here we can see a rampant cat bottom. This signals a 500x rise by the square root of the duration of this cat bottoming. Good times for the punter looking to go long, manufactured downside, price discovery of underlying commodity with 100% dislocation. Holding out for the golden unicorn stairway to heaven trigger which is forming beyond the rampant cat,...
Risk-off sentiment making a comeback? StoneX cites 'early indications' of gold price turnaround Risk-off sentiment might be making a comeback in the second quarter, with "early indications" of a price turnaround for gold, according to StoneX. "After gold's performance in the first quarter of this year, when it posted its first quarterly decline since the...
Let’s see if we can break uptrend here... I think we might. *** not financial advice***
Little resistence until gold gets above $1800 -- lots of challanges to break through $1850 with anticipated choppy trading through to $1950 where we may break out again with blue skies. I am calling the bottom being in on March the 8th ($1683 Up $58 to $1744) and we are heading up likely this week March 22-26 into the $1800-$1850 zone and looking for the...
Following the weak start to the month, the precious metal was able to stabilise and regain the temporarily abandoned downward trend channel. As expected, yesterday's meeting of the US Federal Reserve caused a lot of movement in the market. The central bank's statements had a correspondingly strong impact on the equity, commodity and currency markets. Above USD...
GOLD IS HEADING TO TEST THIS SIGNIFICANT MIRROR KEY LEVEL AND 20 PERIOD MOVING AVERAGE THE BEST PLACE SELL GOLD IS IN THIS KEY LEVEL BASED ON PRICE ACTION.
Hi guys! 👋🏻 🔔 The tension around the stimulus bill rises as President Biden decided to imply stricter income limits on the next round of stimulus checks payouts. Under the new amendments, individuals who earn more than $80,000 per year, single parents earning more than $120,000 per year, and couples earning $150,000 will be disqualified from receiving the...
Hi guys! 👋🏻 🔔 The stimulus bill proposed by President Joe Biden’s administration is getting closer and is set to be finalized next week according to the New York Times, Gold continues the downtrend. The bill is set to increase the inflation as planned by the FOMC, however as the bill acceptance gets closer, Gold which is traditionally an inflation hedge, loses...
Short analysis on gold The gold price (XAU/USD) has reached the targeted and deposited 2nd price target. As expected, the first signs of exhaustion occurred in this area, which justified a profit-taking in line with the market (as previously communicated). For further rising prices, a decline to USD 1,795 and 1,788 must be factored in from a statistical point...
In our analysis of February 18, we discussed the very high probability of a reaction on the long side. The price target of a minimum correction (probability of occurrence approx. 67%) has already been reached! Provided that the support level that has existed since the end of November is not sustainably undercut, a further price increase in the direction of USD...
In direct comparison to silver, the past trading days were extremely sobering for gold. Since the movement low on November 20, the noble metal could only gain a meager 1%. Silver, on the other hand, shot up by a staggering 24% during the same period! Where do we go from here? After the previous downward impulse, gold (XAU/USD) is in the consolidation zone that...