After literally months of waiting, we finally signaled that gold had reached some attractive price levels on 2nd October 2023. Subsequently, gold bottomed out in the next four days and rose more than $150 from its lows. While these gains are impressive, we are starting to grow very skeptical about how much higher gold can go from the current level. That’s because...
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...
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...
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...
GOLD reminding you that, consolidation under 1893 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1885 , 1880 , and 1875 As for renewing bullish attempts, consolidation above 1893 will support the price to rise up again and recover its positive momentum to retest again to 1903 , 1911 , and 1923...
GOLD if it is below 1922 the direction downwards going until it reaches 1917 and 1912 then 1905 if it falls above 1926 the direction is going to touch 1932 again and 1938 Pivot Price: 1922 Resistance Price: 1932 & 1938 & 1944 Support price: 1917 & 1912 & 1905 timeframe: 4H ❤️Please, support my work with like, thank you!❤️
Almost two weeks ago, we touted gold’s retest of the support at $1,900 and the potential continuation lower to $1,875. However, soon after that, gold halted its decline slightly below $1,885 and reversed. Subsequently, it went above $1,920. For the most part, this move coincided with the relief in the stock market. Therefore, we remain on high alert and somewhat...
The gold market has been volatile in the past few days, prompting us to maintain a neutral stance in the short term. However, what caught our interest during this time was MACD trying to cross through the midpoint on the daily chart. If successful, this event will likely coincide with more weakness in gold, potentially dragging it toward the area between $1,900...
Last week the NFP has no proper effect on market as it do but here now for 2 days im believing a correction to be done in this area & considering a bearish breakout down to 1920s area. This can be possible in CPI on Wednesday.
Even if you are not a gold bug, you have probably caught the news about central banks being on a gold-buying spree, with 2022 marking the record year for central bank purchases. This trend has not stopped in 2023, and many countries intensified the diversification of their reserves amid economic uncertainty, geopolitical tensions, and high inflation in the United...
GOLD stabilizing prices above 1974 will support raising to touch 1980 and 1985 and 1990 if the price stable under 1974 then the movement will be between 1966 and 1961 support line : 1966 , 1961 ,1953 resistance line : 1980, 1985, 1990 timeframe:4H
In our previous article on gold, we noted that we were still not turning bullish in the short-term as technicals on the daily and weekly time frame pointed to more downside. However, prior to that, we also noted that one development stood out to us, and it was decreasing volume accompanying the falling price. We stated this was a positive development for gold,...
XAUEUR, the gold-to-euro currency pair, has recently shown signs of a potential bullish breakout. After testing a significant support level at 1740, the pair has started to form a pattern of higher highs and higher lows, indicating a shift in momentum. Currently, XAUEUR is consolidating within the confines of a rising wedge formation. This technical pattern is...
In the last article, we expressed a bullish bias for gold in the long term. However, we also noted that we could not ignore certain worrying signs that were putting us on a high alert in the short term; in particular, we mentioned 20-day SMA and 50-day SMA closing the gap and low volume accompanying the price higher. Since then, the price of gold has slumped from...
In the current financial landscape, gold continues to emerge as a resilient asset, demonstrating impressive growth year to date. With an 11% increase in value thus far, gold's performance surpassed last year's modest 1.3% gain during the same period. This remarkable appreciation can be attributed to a combination of multiple factors, including economic...
Why is Kinross gold mining the only stock showing up in my scans today? It just seems everything has collapsed over the last 12 hours. This is the only one that meets volatile standards. Is there something strange going on in the markets that we should all be concerned about? Even this stock has been dropping since the market opened today. Is anyone else...
-SL @ 1902.50 SLO @ 1850 SSO @ 1715 TP1 @ 1550 (shaving 25%) TP2 @ 1400 (shaving 25%) TP3 @ 1300 (shaving 25%) TP4 @ 1066 (closing all)
Recently, gold started to show serious signs of awakening. Just two weeks ago, it rose above $2 000, a level unseen since early March 2022. Currently, it trades near $2 027 per ounce, about 2.3% below its all-time high value. Overall, we would say that gold is performing very well against a backdrop of high inflation, monetary tightening, and worsening economic...