Gold Price – Technical Outlook Daily Chart After experiencing careful declines since mid-July, gold price is currently positioned directly on the ascending trendline originating from February, as depicted in the chart below. If this trendline is breached, it could pave the way for a more pronounced bearish technical outlook. This scenario would potentially...
Good afternoon gold gang!! Wow huge trade this morning called in the minds section. 100 pips!! that is huge. Well done for anyone who jumped on. Current price is still expanding at a huge rate, so im expecting some kind of pull back to collect some liquidity. I have marked up what im looking for. Support must form at the red level below current price to then...
Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower. We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will...
in our community analysis we saw the gold in price action analysis it has been broke a resistance of weakly chart... continuously of small charts we have a break out of downtrend channel with choch of down trend then we measured the next support level at 1640 1650 then it will go to our recommended level at a maximum previous high>> show up us in the comments for...
Gold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside. Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY...
xauusd i think we should wait till 1850 and see reaction to uptrend line but y think it can go from 1850 to 1913 then ready to fall but please attention to the war news and covid news
I have done a TA on Gold and it is looking very bullish. the price target is between $2700 and $2900.
Gold is an uptrend in the long time frame, like monthly and weekly. However, the market seems in range and bound in the daily chart. In the last week, inflation has risen, and the USA cannot print its retail and core retail sales positively. Even omicron is still spreading all over the world. This week Tsunami Tonga hits. So, it is clear that most of the...
GOLD - As per the price action, trend lines , & technical indicators gold is expected to go up from the current price. My approach will be a buy in the range 1816-1819 Potential upside target 1832-1840 Maintain stop loss around 1809 Trade as per your risk appetite, I will be glad to see your likes & comment.
GOLD - It seems the momentum is getting weak here and some consolidation and downward scenario is there, Probably the first few session will remain volatile where Gold will again try to jump around 1776, my trading approach will be like this ; My approach will be a sell around 1768 - 1774 Maintain stop loss around 1787 Potential downside target is 1745 -...
Xauusd, gold price action & forecast for next week, still bullish until 1660/1680 Our next trade buy order 1600 Or sell after trend break and retest at 1610 Remember all direction need confirmation before opening
gold lover :Gold has closed above sloping resistance. I'm going to wait for a pull back on the daily or 4 hourly and a buy signal. Target take profit around 1,300 next resistance