The price of gold is currently unable to surpass the critical resistance level at $1,926, which used to be a support level. This resistance level coincides with both the 21-day and 200-day moving averages (DMA). Despite managing to break through this resistance on Friday and reaching the bearish 50 DMA at $1,929, gold was unable to sustain this breakthrough due to...
Gold is in Correction Phase. Technically USDX is strong and would expect it to Remain Stronger for another Quarter. Just Keep Monitoring these Levels. Counter Trend (CT) BOS confirming another Pullback deeper to the Daily IOF Level.
Investors are cautious about making significant investments in the major foreign exchange currencies and gold prices due to concerns about inflation in the US and Eurozone. They are also eagerly awaiting China's business activity data to assess whether its economy, the second-largest in the world, is recovering. The recent increase in oil prices is also causing...
Investors are cautious about making significant investments in the major foreign exchange currencies and gold prices due to concerns about inflation in the US and Eurozone. They are also eagerly awaiting China's business activity data to assess whether its economy, the second-largest in the world, is recovering. The recent increase in oil prices is also causing...
In August, the annual inflation rate in the United States increased by 3.7%, slightly higher than the anticipated 3.6% rise. The Consumer Price Index (CPI) experienced its largest monthly gain of 2023, with a 0.6% increase that aligned with market predictions. Additionally, the core CPI rose by 0.3% and reached a total increase of 4.3%, meeting expectations of a...
Fresh buyers have once again shown interest in the price of gold, just slightly above the $1,900 level. As a result, sellers of gold will need to break through this level in order to start a new downtrend towards the stable support at $1,885. If the price falls further, it is expected that buyers will step in around the round level of $1,870. The downside seems...
On Wednesday, markets continue to exhibit caution, influenced by the negative performance of Wall Street in the previous session. This downward trend was primarily driven by declines in Apple and Oracle shares. Investors are carefully considering the potential impact of hawkish expectations surrounding both the European Central Bank (ECB) and Bank of Japan (BoJ)....
Guuuys, I have already predicted a local bearish movement on Gold this week. I think that one more is ahead. The price is currently approaching a strong resistance. From that a trend-following movement will follow. Target level - 1904 please, support my work with like!
Instrument : GOLD Possible direction : Bullish Technical Analysis : Price has opened with a large gap and formed a shooting start int he direction of the major trend. Price already grabbed liquidity from the gap and my continue to rise as the major trend is up. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk...
Today is bank holiday in Asia and Europe and only US markets will be opened today. The Market will be having low volume because of bank holiday. Today is a vary important news of Non-Farm Employment Change in US which always causes huge impact on Gold and Dxy. this analysis is focused on news and gold trends. Be careful before going into market. As we can see...
Gold Will remain in selling position for some time. Short opportunity untill 1820.
We have 2 important breakdowns on daily chart. #1 Bearish flag breakdown, Technical target of that is $1774.74 #2 Ascending trend line break down, Technical target of that is $1795.92 Price is trying to breakdown from golden ratio level 0.618 which IF breaks down then most likely are going sub $1800 levels. GOLD seems very bearish for mid-term because on daily...
Currency Pair : GOLD Possible direction : Bullish Technical Analysis : GOLD bulls has primarily first has broken resistance and then again has broken the support to grab strong liquidity grab. Finally price again created strong uptrend with multiple liquidity grab. As the price has strong momentum, it is highly likely price will continue to rise to at least...
#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. These days the FED RATE HIKE SLOWDOWN SENTIMENT and, in the short term RETAIL SALES, NFP and PMI DATA being POSITIVE, managed to make the USD STRONG. But since all the ECONOMIC INDICATORS were...
GOLD is still try to retracement before going further advance. Intraday Gold scenario is remains in the favor of bearish.
XAUUSD Technical Analysis 26.07.2022 1h chart ✅ Previous Daily candle closed Bearish forming Resistance at 1727.600 respecting the previous Highs and Lows of the previous day and closing at 1719.800. ✅ Buys on close above 1721.600 targeting 4h Resistance at 1729.000 leaving Runners to Daily / 1h Resistance at 1735.200. ✅ Sells on close below 1714.800...
- 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 1675...
#XAUUSD - #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...