Gold broke and closed above the ATH level yesterday. Retesting the broken structure today, the price started to consolidate within a horizontal range on a 4H. Bullish breakout of the resistance of the range is one more strong bullish confirmation. We can expect a further growth now at least to 2185 ❤️Please, support my work with like, thank you!❤️
Daily/4h time frames analysis for Gold. Potential scenarios ahead of Powell Testimony. Key levels, price action analysis. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
Gold has broken above key resistance which act as SUPPORT so we do see a potential sell incoming which will allow gold to retest newly created support level
Gold: Risks after hitting all-time high? Gold prices have been on the rise for the last six sessions, gradually approaching the December high of $2149.00. This recent uptick followed Federal Reserve Chair Jerome Powell's reaffirmation that he thinks it would be sensible to consider reducing the Fed funds rate at some point this year, with the condition that...
Gold is vastly overbought on the 1D timeframe (RSI = 80.321, MACD = 21.500, ADX = 21.500) with the recent rally hitting the top of the HH trendline of candle bodies of the four month Channel Up. The 4H RSI is displaying a massively overbought sideways structure which since October has marked market tops. The corrections that followed these three peaks ranged from...
Gold trades in positive territory at around $2,140 and stays within a touching distance of a new record high. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.2%, allowing XAU/USD to preserve its bullish momentum. Gold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside...
Gold price (XAU/USD) is seen oscillating in a range through the early European session on Tuesday and consolidating its recent strong gains to a three-month top, around the $2,120 area touched the previous day. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve's (Fed) rate-cut path before placing fresh directional bets. Hence, the...
This morning I woke up with GOLD sell signal running from yesterday but today is a different and I chose to give out a bullish signal, this made me feel very content and confident, i felt like that thought was a magic. Some of my trade ideas reach over 300 people and I gives me so much joy, my dream is giving value and thats all this is all about, I enjoy been a...
Gold News: Read the Latest Analysis on XAU/USDGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded...
Hey Everyone, Please see our updated 1h chart levels and targets after smashing all the targets for this week already. We are seeing price break into the new range and playing between 2125 resistance and support at 2116 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range A bearish test to support at 2116 and a break and...
Gold price pulls back from multi-month peak, downside potential seems limited Gold price rallied to a three-month peak on Monday and settled at an all-time high, above the $2,100 mark amid bets that the Fed will start cutting interest rates in June. Apart from this, a further escalation of geopolitical tensions in the Middle East turns out to be another factor...
Gold successfully broke and closed above a key horizontal daily resistance yesterday. Our next strong resistance is based on the All Time High. I believe that the market will keep growing to 2140 level. I really want to see a pullback first though, to buy the market on a retest of a broken structure. ❤️Please, support my work with like, thank you!❤️
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily. The market closed on a key horizontal daily resistance. Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation. Wait for a confirmed breakout to buy. Alternatively, we may see a pullback from the underlined structure. I will monitor a...
Daily/4h time frames analysis on Gold. Price action. Important key levels. Trading plan. ❤️Please, support my work with like, thank you!❤️
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a...
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly. Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price break 2080 leaving a open gap to 2092 but EMA5 is lagging behind. Although we have open target now at 2092, we will need to see ema5 and price meet and attach between 2080 and 2065 for some correction. We have our retracement range at 2065 - 2052. We will...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price break into the new range and playing between 2085 resistance and support at 2079 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range A bearish test to support at 2079 and a break and lock below this level will open...