It seems that gold is moving in a choppy bullish channel. In my opinion the yellow metal will go up to retest the CPI news release.
Dear friends, looking at the chart in general, we can see that gold is trading relatively calmly above a high level with a sharp downward trend on the 4-hour time frame. The EMA 34 technical indicator shows signs of a reversal in gold prices in the price decline zone, which means that the price could touch the 2050 USD level before any downward scenario occurs...
Gold continues to be under pressure from strong economic data Gold had a volatile week after a series of US economic data rose above estimates Gold had a volatile week with a sharp drop from $2,031 to $1,990 on Tuesday as the US CPI report beat estimates. Precious metals recovered but then sold off slightly on Friday when US PPI data also increased more than...
– Previous Weekly candle closed weak Bearish with an almost 300 pip Rejection wick to the downside. Friday candle closed Bullish retesting the previous Weekly Support area formed at the end of January 2024. I’ll be looking for potential Buys above 2015.300 targeting previous 4h Support area formed around 2020.000 and recent 4h Resistance formed at 2026.800. I’ll...
KOG REPORT: In last week’s KOG Report, we said we would stick with the plan and look for lower pricing on Gold, only for last week we were expecting a sharp bounce from the lower support level! We gave the levels on the charts at which we wanted the move to occur, where we wanted to short the market, where we wanted to then switch and go long, each level...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Gold will be down from 2013 level Resistance level is this where gold is touching Gold will fall again to support level What you think about gold ?
All but 2 confluences align 2 confluence that hasn't aligned yet: 1. Fundamentals 2. Rejections Compare with your own analysis. This is a trade idea, not trading advice so please do your own due diligence before considering taking this or rather, wait for the 2 missing confluences.
Bitcoin is at a very interesting level at the moment. We are months away from the next Bitcoin halving. The general consensus is that Bitcoin halving events are positive for the price of Bitcoin, and historically they have been. The event often generates optimism among crypto investors, leading to positive price action afterward. We are anticipating price to...
Today gold rebounded from 1990 to 2008 and was blocked. Tomorrow I think gold will continue to rise after breaking through 2012 for the first time. It will then fall to around 2010. If gold falls back to around 1996 in early trading, consider buying. Trading straregy: buy1996-1999 tp2012-2018 sl1992 If you need live signals please join me
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement RSI - Divergence Completed Impulsive Waves " 12345 " and Corrective Waves " AB " Break of Structure
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2010 Goldturn and resistance at 2016 Goldlturn for a test and break on either Goldturn to confirm the next level. We have resistance at 2016 for a immediate bullish target and 2010, as our bearish level target. We will see price range...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price break 2011 but EMA5 is lagging behind. Although we have open target now at 2022, we will need to see ema5 cross and lock above 2011 to open the full range 2022 and 2033. We have support now at 2011, and our bearish retracement zone at 1999 and 1992. We will...
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting the channel 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...
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...
My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 1990.5 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2014.6 Safe Stop Loss - 1978.3 About Used Indicators: The...