Gold is right now showing similar behaviour like it did before its big breakout in 2019. 1) Big sideways consolidation 2013 – 2019 ~6 years 2020 – 2023 ~3 years 2) Steep decline followed by a full reversal to test the upper zone of the consolidation 04/2018 – 02/2019 ~10 month 03/2022 – 05/2023 ~12 month 3) After hitting the upper zone of the consolidation, a...
Gold (XAUUSD) hit yesterday the bottom of the Channel Down pattern that started after the July 20 High. This is a short-term buy signal targeting its top (Lower Highs) but on the long-term Gold has been on a downtrend since the May 04 All Time High (ATH). Following the rise on the June 29 Low, Gold was still on a long-term uptrend, supported by a Higher Lows...
Preferred direction: BUY Comment: You can also take a closer look at dollar purchases on the USDCHF currency pair. Here, by the way, we also worked out the last short perfectly, and fell even below our target to the level of 0.91475. Today, against the background of the morning sale of the dollar, one can take a closer look at buying it. For this pair, the...
Preferred direction: SELL Comment: The bearish sentiment for oil still continues. We remind you that our last short trading idea worked 100%. Now the seller’s task is to break through the support zone around level 92. Most likely this will happen in the very near future. The more global target of this sale is, of course, the level of 90.72. Thank you for...
Gold price is moving lower below the $1,885 support. Important Takeaways for Gold Prices Analysis Today · Gold price failed to clear the 1,915 resistance and moved lower against the US Dollar. · A major bearish trend line is forming with resistance near $1,865 on the hourly chart of gold at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold...
Preferred direction: SELL Comment: A small short on the pound could be considered today. At the beginning of the day, all the dollar's competitors began to recover, but most likely this buying mood will be stopped for now. It makes sense to buy-deals around next week. Thank you for like and share your views!
Hello traders ,what do you think about GOLD? It is expected to continue the corrective movement up to the broken support zone and then after completing the pullback to the broken zone fall to the specified level. If this post was useful to you, do not forget to like and comment.❤️
Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857. After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful. Gold will go back between 1876 and 1879, or back between 1885 and 1888, after which our next target is 1855. If...
Gold perfectly respected a horizontal key level that I share with you yesterday. After its test, the price formed a cup & handle pattern on an hourly time frame and violated its neckline. Now we can expect growth at least to 1877 ❤️Please, support my work with like, thank you!❤️
The price of gold (XAU/USD) struggled to find direction during the Asian session, remaining above the recent low around $1,858-1,857. The US dollar (USD) retreated from ten-month highs, alleviating pressure on gold. Concerns emerged about a possible US government shutdown on October 1 and issues in the Chinese real estate market, supporting gold as a safe-haven...
R3 LRS 1930 SMC Supply Area -R2 MRS 1903 SMC Supply Area -R1 HRS 1875 SMC Supply Area S1 HRB 1857 - S2 MRB 1853 50% MACRO FIBO MN TF - S3 LRB 1823 SMA 44 MN TF SELL> 1903 - 1875 BUY> 1857 - 1853 FOLLOW UP D1 Resistance Sma44/1916 Sma200/1927 W1 On Resistance Sma44 / 1917 MN 38.2% / 1903 Macro Fibo at strong Resistance OBSERVATIONS:Seven days 800 plus pips...
gold is on a good level then we can see that this wanna touch 1890 level but for sure we have to take tp's on 1886-1888 this is good move so we wait to hit tp ENTRY 1866 tp 1886
The current price of gold in the international market is hovering around $1,897.9 per ounce, which is a decrease of $3 per ounce compared to this morning. The recent monetary policy meeting of the Federal Reserve (Fed) indicates that their stance will continue to be a catalyst for pushing bond yields and the US dollar higher, putting significant pressure on...
Hello dear traders, what do you think about Gold? Looking at the technical picture on the 4-hour timeframe, we can see that Gold is in an uptrend but it has broken the support zone. In the short term it is expected to increase after it was revised down to 1910 USD, and then increased to the specified level.
XAUUSD: The green,red,blue line are moving same up direction, thus indicating an ascending tendency, the support line at 1813.699. Preferred point in an uptrend, if 1813.699 is still support look for target 1865 or 1875, and The preferred point in a downtrend, if 1813.699 is still resistance look for target 1780 or 1765.
This morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning. Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since...
✅After the retest of the of horizontal support of 1857$ It makes sense to expect a bullish correction As GOLD is oversold and the market players Will be taking profit from the level Fueling a buying wave LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GOLD fell down sharply And has retested a Horizontal support level Of 1855$ from where We are already seeing a Bullish reaction and I think That we may see a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!