Get started

GOLD/AUD

GOLD 4H maintains its positive stabilityHello traders, The price of gold fluctuates near the support of the ascending channel. It receives continuous positive support from the moving average of 50, which supports the chances of continuing the rise within this channel and heading towards achieving our positive goals that started in 1996 and extended to 2010. In general, we will continue to favor the upward trend for today unless the 1983 level is broken and holds a daily close below it. Pivot Price: 1983 Resistance Price: 1996 & 2010 & 2022 Support price: 1964 & 1947 & 1933 The general trend expected for today is bullish timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
GOLD 4H within a positive patternHello traders, The recent gold price trades are confined within a descending secondary channel, which we believe constitutes a bullish continuation flag pattern, as shown in the chart,The price of gold continues to fluctuate around the 1963 level, and faces some negative pressure to move below it now, which requires attention in the upcoming trading, as consolidation below this level will stop the positive scenario and place the price under negative pressure, mainly targeting the 1951 areas. We point out that the price needs to rise above 1963 to reinforce the positive expectations, the next main target of which is 1981. Pivot Price: 1963 Resistance Price: 1981 & 1996 & 2010 Support price: 1951 & 1938 & 1925 The general trend expected for today: bullish timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
GOLD 4H Midday update Hello traders,The price of gold continues to fluctuate around the 1963 level, and faces some negative pressure to move below it now, which requires attention in the upcoming trading, as consolidation below this level will stop the positive scenario and place the price under negative pressure, mainly targeting the 1951 areas. We point out that the price needs to rise above 1963 to reinforce the positive expectations, the next main target of which is 1981. Pivot Price: 1963 Resistance Price: 1981 & 1996 & 2010 Support price: 1951 & 1938 & 1925 The general trend expected for today: bullish timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
GOLD 4H Midday update The gold price is showing positive trading and is trying to confirm crossing the 1977 level, reinforcing expectations of a continuation of the upward trend during the coming sessions, paving the way for heading towards our main awaited target at 1991 Therefore, the bullish trend scenario will remain valid and effective for today, supported by the positive signal provided by the Stochastic indicator, recalling the importance of consolidation above 1977 for the continuation of the expected rise. The general trend expected for today: bullish Pivot Price: 1977 Resistance Price: 1991 & 2009 & 2024 Support price: 1957 & 1943 & 1929 timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
GOLD 4H price achieves the extended targetHello everyone, The price of gold rose strongly yesterday to succeed in achieving our expected target of 1985. We notice that the price begins today with more positivity to try to penetrate this level, which leads the price to achieve more expected gains during the coming sessions, paving the way for heading towards the levels of 1991 and then 2009 as stations—next main. Moving average 50 continues to support the proposed bullish wave, taking into account that failure to consolidate above 1977.25 will stop the expected rise and put pressure on the price to turn lower. Pivot Price: 1977 Resistance Price: 1991 & 2009 & 2024 Support price: 1957 & 1943 & 1929 timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
Gold price reaches the target The price of gold opens today's trading with a strong rise to reach the expected target at 1952, and the way appears open to exceeding this level and achieving additional gains up to 1961 in the near term. Therefore, the upward trend scenario will remain likely for the coming period, supported by the 50 moving average, which continues to carry the price from below, taking into account that failure to breach 1940 will put pressure on the price to bounce downwards and head to test the 1932 areas again. Pivot Price:1940 Resistance Price: 1952 & 1961 & 1972 support price: 1932 & 1923 & 1913 timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
GOLD new week Bullish hello everyone, The gold price is facing noticeable negative pressure to attack the 1913.15 level, which requires attention in the upcoming trading, as continuing the decline and confirming the break of this level will stop the positive scenario suggested in the morning and put the price under negative pressure during the coming sessions, while the price needs to consolidate above 1913.15 to resume the bullish wave that is present. Its next major target is at 1945.20. The general trend expected for today is bullish
TVC:GOLDLong
by ElenaMayi
GOLD 4H try to down GOLD for the next week will trade at the bearish zone reminding you that, consolidation under 1873 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1860 , 1850 , and 1838 As for renewing bullish attempts, consolidation above 1873 will support the price to rise up again and recover its positive momentum to retest again to 1886 , 1896 , and 1911 Support line: 1860 , 1850 , 1838 Resistance line: 1886 , 1896 , 1911 The general trend expected for today: Bearish The expected trading range for today is between support 1850 and Resistance 1886
TVC:GOLD
by ElenaMayi
Gold long going to above 2050Gold Price Analysis: Testing Support Levels Amidst Consolidation and Breakout Attempts Technical analysis reveals a retracement in gold, testing key support zones and indicating a healthy consolidation phase before an expected continuation of the uptrend. Gold, FX Empire Gold Forecast Video for 19.06.23 by Bruce Powers Gold rises to a three-day high of 1,986 on Friday before pulling back. It attempted to breakout above the top boundary trendline of a small symmetrical triangle consolidation pattern but is now on track to close below it and within the consolidation range. Attempting to Break Up yet Remains in Consolidation Range So far, Thursday’s test of the 100-Day EMA with a day’s low of 1,925 has held up but further signs of strength are needed. Gold briefly dropped below the 100-Day line earlier in the session on Thursday but managed to close strong, back above it and near the high of the day. The 100-Day EMA is now at 1,940. Further Signs of Strength are Needed Further signs of strength are needed to indicate whether yesterday’s low completes the retracement or further tests will occur. This week’s candlestick pattern is set to close as a bullish doji hammer. Next week an upside breakout signal will occur on a move above the high at 1,971, and the breakout is confirmed on a daily close above that high. Following a move above that high the next weekly resistance levels are 1,973, 1,983, and 1,985. A subsequent daily close above each price level will confirm strength, otherwise some resistance might be seen again around those levels. If Lows Tested Again If lower prices occur before a continuation higher the two potential support zones are around the 61.8% Fibonacci retracement at 1,912, followed by the 200-Day EMA at 1,894. The 200-Day EMA was tested as support with a double bottom in the first quarter of this year price reversed higher from there. Uptrend Intact The current retracement in gold is a test of support around previous high swing high of 1,960 from early-February. So far, the retracement is normal and healthy for the uptrend. Consolidation has been occurring at the 50% retracement area as well as the 100-Day EMA. Notice that there is a greater distance between the 100-Day EMA and 200-Day than what was seen in February. It reflects an improving trend. Once this retracement is complete, all signs are that gold should continue higher. Gold held above $1,950 an ounce on Friday after gaining 0.7% in the previous session, benefiting mainly from the dollar’s weakness as the Federal Reserve paused its tightening campaign at a time other major central banks are still raising interest rates. Still, the metal remains close to three-month lows as the Fed hinted at two more quarter-point rate increases this year, while the European Central Bank delivered another 25 basis point rate hike on Thursday and signaled further tightening. The Bank of England is also set to raise rates again at its June policy meeting, a month marked by surprise rate increases from the Reserve Bank of Australia and the Bank of Canada. Meanwhile, the People’s Bank of China lowered key short-term interest rates this week for the first time in ten months, while the Bank of Japan maintained its ultra-easy monetary policy on Friday. Daily bullish 4H Bullish 34min Bullish Gold is mostly traded on the OTC London market, the US futures market (COMEX) and the Shanghai Gold Exchange (SGE). The standard future contract is 100 troy ounces. Gold is an attractive investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. The gold prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our gold prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
CAPITALCOM:GOLDLong
by DaveBrascoFX