If candles break the upward trend line of the weekly channel, the sell signal will no longer hold true. However, if the resistance at 2186.422 has an impact on the price, gold may fall to around 2100.
Hi folks today I'm prepared for you Gold analytics. A few moments ago price rebounded from the trend line and rose to the support zone, but when it reached this zone, XAU at once made the correction below. After this movement, the price turned around and continued to rise to the support level, which is located in the support zone, and in a short time later Gold...
By checking the Bitcoin chart in the weekly (logarithmic) time frame, we see that the price after correction to $60,800 was again accompanied by demand and is currently in the range of $67,500! There are only 30 days left until the Bitcoin halving and we will probably see extreme price fluctuations before and after the halving! According to the previous analysis,...
🔖XAU/USD, H4🔖 22 March 2024 Gold prices dipped from record highs as the US Dollar and US Treasury yields rebounded sharply on the back of positive economic data releases and the Federal Reserve's optimistic forecast. Despite the Federal Reserve's upward revisions for the Gross Domestic Product (GDP) and the Core Personal Consumption Expenditure Price Index (PCE)...
Gold experiences a significant breakout on the weekly chart, indicating substantial potential for upward movement. This breakout suggests a bullish sentiment among investors, prompting anticipation of further price gains. Analysts foresee continued momentum for gold, driven by factors such as market dynamics, geopolitical tensions, and inflationary concerns.
FX:XAUUSD corrects after testing $2222. News on Thursday shook the market after Powell's dovish statement on Wednesday, which spurred a false breakdown and a 2.5% fall Yesterday the market met a bullish wave of news for the US market: Initial Jobless Claims down, PMI up, overall this is a locally positive scenario, but today at 13:30 Powell speaks, who can...
Many times, the market has its own rules to follow. As long as you have enough experience, surviving in the market and having the last laugh is not as difficult as you think. If you can't do it, just follow someone who can and let him lead you. This is the gold 30m chart. I have shrunk it a lot. It is not difficult to see from the chart that it is currently at...
We were directly short at 2185, and sure enough it still fell. Let’s continue to look at the 2145 line below. Gold is an obvious top form. Don’t panic. The big negative line must reach 2145. This position is also a support. The hourly line all closes the big negative line and is below the moving average throughout. Continue to look at 2145.
#GOLD - H1 📣 Looking at the 1-hour timeframe, there is an expectation of a price decline towards the range of 2120 with the breakdown of the bottom of the descending channel around 2140. ⛔ Stop Loss: 2155 On the other hand, with the breakout of the range of 2155, one can consider buying with a target of 2170. ⛔ Stop Loss: 2140 Please note that trading...
OANDA:XAUUSD OUTLOOK - Gold prices retreated this week but are still up more than 5% in March - The Fed’s monetary policy announcement will take center stage in the coming week Gold prices (XAU/USD) fell 1.05% this week to $2,155 due to higher U.S. Treasury yields and the U.S. dollar. However, gold has maintained strong bullish momentum in March, with a gain...
Gold (XAU/USD) could bounce off a pullback support at 2,146.16 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 2,146.16 Support: 2,125.17 Resistance: 2,205.48 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
XAUUSD (Gold) has been on a strong bullish run. However, expect a possible further retracement as the market seeks liquidity and to rebalance. This could present a counter trend sell opportunity along with a buy opportunity at prior support levels (see chart markup in the video). The risk of further downside remains, so prioritize strict risk management. This...
Discover an enticing selling opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Hello traders, Gold has breached the 2200 historical level due to US Dollar weakening across the board. However, the uptrend might not last long as price is approaching the top of the channel(technically) We recommend traders to watch out for bearish candlesticks in the 2205-2225 zone . If there is bearish price action in the zone that we have highlighted in...
Gold price increased sharply in the past session, breaking the accumulation zone and confirming the triangle pattern and the continuation of the uptrend. Despite not being able to create an ATH in the previous session, the bulls did it this morning, the price briefly broke the 2200 level and then encountered selling pressure again. However, it is likely that the...
Although nearly unchanged as compared to the day prior to this morning, the fee of the yellow steel has dropped sharply at some point of the day. On March 21 (US time), gold constantly conquered file highs way to the dovish speech of americaA Federal Reserve (Fed) on the cutting-edge coverage meeting. The valuable steel hit an all-time excessive of $2,222.39...
"I am considering investing in gold and wondering if it will drive sellers out of the market. I have decided to take the deal and buy with low risk from 1 to 3. Observing the recent candlestick chart, I believe there is a liquidity pool below that I can benefit from a potential rise in gold. Best of luck to everyone else investing in gold."