In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range. If it maintains support between $2309...
FX:XAUUSD rises on Tuesday and Wednesday amid unexpectedly weak news in the US market, but at the same time the dollar does not tend to fall. Today is a day off in the US and gold is creeping up towards resistance. The price is resting in the strong resistance area of 2332, the limit resistance level formed by the sellers does not let the price go beyond it....
FX:XAUUSD continues to be under strong pressure from sellers on the back of a strong dollar. The market failed to overcome the 2325 area and is heading for a support retest. Ahead of the news (Core Retail Sales, Retail Sales), increased volatility is expected. Traders are expecting neutral-bullish data against the US market. If the figures are higher than...
We have seen a longer Bullruin in the Goldmarket for the last 4 Months but OANDA:XAUUSD is consolidating for the last 68 Days looks like we are on a point where the Gold proce could potentially fail to go more up soon and we will see the next significant Bullrun from the end of this year (2024) to the beginning of the next year (2025) Also the Gold mining ETF ...
The lower-than-expected retail sales data in May in the United States had a short-term impact on the market, but the long-term economic outlook still needs to focus on the Fed's policy trends and changes in economic fundamentals. Investors should remain cautious and pay attention to the global economic situation and geopolitical risks to make reasonable...
Natural Gas stock Bulls PEPPERSTONE:NATGAS Support & Resistance Guide AMEX:UNG Stock Forecast AMEX:USO Oil Stock Forecast TVC:DXY US dollar Stock Forecast Gold OANDA:XAUUSD Stock Forecast Silver OANDA:XAGUSD
Gold (XAUUSD) is failing to break above the 1D MA50 (blue trend-line) on successive tests and as long as it remains below it, the trend will be bearish. In fact the dominant pattern is a Channel Down and the last time we had such a formation was from December 28 2023 to February 14 2024. It was on that day (Feb 14) that the price bottomed exactly on the 1D MA100...
according to the 4h timeframe the chart made this "TRIANGLE" pattern, as you can see the price manage to break the pattern and close above it with 4h candlestick. also on small timeframes starting from the 30mins u will see great bullish price action. 2329.00 will be the entry point and hopefully we can get 300 pips or more from it. i will keep u guys...
Gold faced renewed selling pressure during early European trading on Tuesday, eroding part of the previous day's modest recovery from the $2,287 area, a one-month low touched due to strong US jobs data. Investors are scaling back bets on an imminent interest rate cut by the Federal Reserve (Fed) in September. This has kept US Treasury bond yields elevated and...
FX:XAUUSD has been facing strong bears since the opening of the session. The price returns under 2325 and forms a consolidation. Earlier there was a retest of a strong resistance area. The market is still bearish For the gold market the area of 2325 plays a key role at the moment. Bulls are not yet ready to overcome this area on the background of strong...
Hi folks today I'm prepared for you Gold analytics. Some time ago price reached the resistance level and even entered to resistance zone, but at once turned around, exited from the resistance zone, and fell below. Next, XAU some time traded near the resistance level, after which it made impulse up to the trend line, thereby breaking the 2355 level. After this, the...
Today, as the U.S. May sales monthly rate was bullish for gold, gold rose rapidly in the short term. Our long positions near 2317, 2310 and 2306 respectively hit TP2319 and took profits. Very beautiful trading results. In today's gold long trade, my profit totaled more than $25K. Very good trading results. According to the current short-term structure, gold...
A potential sell-off is incoming on the asset. Strong selling now is needed to encourage profitable buyers to cash in, providing good momentum for further price declines, in my humble opinion. Targets: TP 2320, 2311, 2284, 2264 Remain vigilant and agile, always prepared to adapt to new market conditions. The markets will never adjust for you; why would...
GOLD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GOLD Entry Point - 2329.2 Stop Loss - 2347.1 Take Profit - 2300.9 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Please, check our technical outlook for SILVER. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 29.322. The above observations make me that the market will inevitably achieve 28.300 level. P.S Overbought describes a period of time where there has...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 2324.42, which is a pullback support. Our take profit will be at 2343.25, a pullback resistance. The stop loss will be placed at 2307.53, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not...
Look at H1 - We see that currently the price is tending to form a triangle correction pattern. - As I said before, the price is currently in a complicated adjustment process, we can only wait for the model to complete to determine the next trend. - And I am also predicting an ABC correction model with the target wave C on the chart with 2 price ranges 2350 and...
Technical Analysis: Gold The price reversed to a bullish trend after closing 4h candle above 2332, so the next bullish station is 2337 and 2357 Current Outlook: The trend appears bullish for today, as the price has stabilized above 2323. As long as it remains above 2323, it is expected to touch 2338, and above it will get 2357 Bullish Scenario: as long...