Hello 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...
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...
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...
OANDA:XAUEUR has greatly improved its appearance relative to the chart of $OANDA:XAUUSD. See the weekly charts of both: 1 W € 1 W $ We will now comment on the charts OANDA:XAUEUR : OANDA:XAUEUR has reached a market top in the very short term but we think that before the end of the year it will reach new all-time highs with free upside , a...
Hello 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...
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 price remains depressed below multi-week top, Israel-Hamas conflict to limit losses Gold price (XAU/USD) rallied to over a three-week high, around the $1,932-1,933 area on Friday in the wake of the intensifying Israel-Hamas conflict, which forced investors to take refuge in traditional safe-haven assets Gold buy now 1916 Sl 1904 Target 1930 Target 1950
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
OANDA:XAUEUR XAUEUR Analysis price action Fibonnaci pivot Support and Resistance Pivot Points Base Pivot goldusd 📉The confirmation of entering a short position is validated after the closing of a 4-hour candle below the 4-hour support levels. 📈The confirmation of entering a long position is validated after the closing of a 4-hour candle above the 4-hour...