Gold prices remain stable around $2,035, witnessing a slight increase of 0.17%. This development follows the announcement by the U.S. Bureau of Economic Analysis (BEA) indicating growth in the country's economy. The decline in U.S. Treasury yields has kept gold near its monthly and weekly highs. The stock market indices have seen little to no change, with some...
The price of gold continues to fluctuate at a high level, and the one-hour mid-term trend lows are constantly rising! The price of gold continues to rise around the trend line. Judging from the current market situation, the bulls are not over yet, and 2027 is basically in place, so you can buy it directly in 2027! Recently, our short-term signals have almost...
Well, the price reached the important demand zone that formed as a rejection block and had a bullish reaction, and then the price hit the bearish order block that broke the previous low. Now if the price can stabilize above 0.3965, we can expect a more bullish move. the first target can be the liquidity above 0.446 and the FVG. 💡Wait for the...
Gold (XAU/USD) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 2,040.46 Why we like it: There is a swing-high resistance level Stop Loss: 2,044.58 Why we like it: There is a pullback resistance level Take Profit: 2,025.09 Why we like it: There is a multi-swing-low support...
Good morning gold gang ... what a great day yesterday was taking our first loss of the week followed by a recovery and profitable trade to keep us in the blue once again today we are still stuck in this terrible range! ... waiting for news to push us out so we can trend once again. Now is not the time to get frustrated .. cool heads required for us to be able to...
Gold remains very weak for 2 weeks. Analysing a daily time frame, we can see that the market is consolidating and trading within a very narrow range. The last 4 daily candles are even trading within the range of a strong bullish candle. That is a perfect example of inside bar formation. Depending on the reaction of the price to the boundaries of that...
Dear colleagues, I am still of the opinion that only short positions should be considered. The price has gone far up and it means that there is an opportunity to get into positions more favorably. I expect that the price may reach the resistance area of 2043.580, after which the long-awaited movement to the support area of 1984. Perhaps the price will not update...
I have marked on the chart how strong the bearish manipulation was negated and the price went back to retest it. Today I expect a very choppy price action as it is the last day of the month and I also expect a similar price action - a retest of the negation.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line RSI - Divergence Completed " ABCD " Corrective Waves Break of Structure and Retracement
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2039.81, which is an overlap resistance. Our take profit will be at 2022.42, a pullback support level. The stop loss will be placed at 2055, a multi-swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
If you look at the XAUUSD chart Monthly, Weekly, Daily and Hourly, all have setup for a move up. If you look at the chart over next 5-10 days I expect XAUUSD to be retesting the level at 2055 ish area. There is no resistance b/e 2038 and 2055, it should be a clear move up in 2-3 bars all moving up to the 2055 level.
Greetings, dear friends! Let's dive into today's gold price trends together! As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of...
Hello, dear friends! Today, gold has dipped nearly $5, trading around $2025 USD after failing to break the resistance at $2035 USD. The movement of gold prices is currently largely influenced by the Federal Reserve's (Fed) interest rate expectations. As such, the upcoming release of the core Personal Consumption Expenditures (PCE) Index - the Fed's preferred...
In the trading landscape of Tuesday in North America, gold witnessed a modest uptick, yet remained confined within a narrow range, reflecting a certain cautious sentiment in the market. The primary catalyst behind this growth was a slight decrease in the yield of U.S. Treasury bonds, casting a dim light on the U.S. Dollar. This is evidenced by the U.S. Dollar...
As we've moved through the first half of the trading day, gold has seen little change, hovering around $2028 USD and capped below the resistance level of $2035 USD, also showing signs of a double top pattern (indicating potential for a price decrease). Selling gold at this juncture seems to be a favored strategy, targeting profits at the support level of $2017...
Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD finished the session around $2,030, slightly below a confluence resistance zone near $2,035. Many...
– Wednesday Daily candle closed Bullish within recent Daily Range as price continue to consolidate. I’ll be looking for potential Buys above 2038.100 targeting previous Weekly Support formed on 8th January 2024 around 2045.400 and 1h previous Support formed on 2nd February 2024 around 2052.500. I’ll be looking for potential Sells below 2030.300 targeting Daily...
Gold has reached the top of the 4H Channel Down pattern, while the 4H MA50 and the 4H MA200 just formed a Golden Cross. Despite that, and as long as the 1D technical outlook isn't bullish (RSI = 54.450, MACD = -0.200, ADX = 28.783) but more importantly the price is inside the Channel Down, the sentiment remains bearish. The 4H RSI is on the same kind of Bearish...