Gold can rely on the small support at 1930 to do more. The shape shows that the stronger one has reached around 1919. The previous 1908 has been the support of the daily line. The support is moving up step by step. The super pressure that bulls can currently encounter is 1947. -1952 area, bulls need to avoid this area in the later stage. Support 1930, 1919,...
Through the analysis of the golden hour chart, we know that gold has been oscillating and rising from the early trading so far, breaking through the moving average pressure level of 1946, which is relatively speaking, it is more likely to fall back after rising. We focus on the situation in the U.S. market. We can also clearly see from the MACD below that the...
Gold technical analysis: Gold continues to be bullish during the day. Gold rose rapidly last night and then retreated quickly. It is quite similar to the previous trend. The short-term trend shows a volatile upward pattern. The pressure of the 1953 mark, which has been optimistic before, arrived as scheduled and broke through to stabilize. , the current...
As the intensification of conflicts in the Middle East boosted demand for safe havens, gold prices continued their gains. Since Hamas' sudden attack on Israel earlier this month, gold prices have risen by about 5%. The price of gold has risen strongly since the beginning of today's trading and is close to the waiting target price of US$1945.20 per ounce....
Gold Analysis October 19: Fed Chair Speaks - Fundamental analysis: Yesterday, gold prices rose by more than $40 from 1922 to 1963, and then fell by around 1950. The reason for supporting gold at this point is probably still the conflict between Israel and Palestine. The current war is extremely unilateral, with the United States claiming to be behind Israel, but...
Gold prices hover around $1,950 after retreating from the two-month high of $1,962 in early Asian trading on Thursday. The precious metal's recovery is bolstered by increasing political tensions in the Middle East, driving a safe-haven rush. From a technical standpoint, the daily chart of XAU/USD suggests further upside potential. The pair has surpassed all of its...
The war between Israel and Palestine spreading fast and other countries are getting involved in it, which is much dangerous situation. In this regard people are converting their money into GOLD, that's the reason of bullishness in GOLD.
Hi traders, what do you think of GOLD? The past 2 weeks, following economic news and war news, and by reaching the support zone of 1800, gold has grown amazingly and reached the ceiling of the channel. It is now expected to start an upward movement after a correction to the 1880 zone. If this post was useful to you, don't forget to like and comment.
Hello trader, I'm back with my best analysis. Let's trade with me ❤️ ① Currently, gold prices are still rising at a high level, forming a "small triangle" chart pattern in the short term. The market could start a new short-term trend tonight. ② Since Powell will speak on Friday, If in this case: Plan A. If gold prices strongly break out of the "small triangle",...
The Palestinian-Israeli conflict is not over yet. Palestinians and Hamas say Israeli air strikes on hospitals in the Gaza Strip have killed more than 500 people. The Israeli military said the attack on hospitals in Gaza was carried out by Jihad, which the group denies. Russia has asked the Security Council to hold an urgent meeting on this issue. Jordan canceled...
Hello traders, in my previous Gold idea, I advised you to buy Gold in the 1810-1820 zone with 1920 as target. If you followed my idea, you have definitely made over 1100 pips profit. (previous idea linked below) Currently, Gold is the top of a price channel as highlighted in my chart. If price breaks through the upper trend line of this channel, expect a...
Important statements by ECB member Ben about inflation and tightening approaches ➡ Yesterday, Monday, in an interview, European Central Bank member Philip Lane made the following statements: - The European Central Bank's decision to raise interest rates took longer than the US Federal Reserve's decision due to several factors. - In 2021, demand played a more...
Gold prices are on the rise, reaching $1,950 in Asian trading on Wednesday. The precious metal's uptrend is bolstered by positive economic activity and optimistic GDP data from China, coupled with the overall weakness of the US Dollar. Market watchers await updates from the Federal Reserve and key US economic data. The daily XAU/USD chart indicates increasing...
GOLD New forecast Gold prices fell during Monday's trading despite the dollar's decline against most major currencies, as investors shifted towards high-risk assets. Technical abstract : The price perfectly fulfills my last idea, The price of gold tried to test the 1912 level, which constitutes important support for intraday trading, as the price needs to...
gold _ Gold saw modest losses, hovering around $1,925 USD in early Asian trading on Monday. Market sentiment appears mixed as investors hold hopes for a potential new stimulus plan from China to boost its economy, while political tensions between Israel and Palestine remain a focal point. A brief summary of gold prices shows a recovery from the crucial short-term...
I am writing to bring your attention to a highly lucrative investment opportunity that has emerged amidst the escalating tensions in the Middle East – the exponential rise in gold prices acting as a safe haven. As you are well aware, gold has always been considered a reliable investment avenue during times of geopolitical uncertainty. The recent developments in...
Gold experienced a sluggish start this Tuesday, opening below the critical resistance level of $1,923. Despite the recent price weakness, XAU/USD continues to trade within Monday's range. The precious metal is consolidating its correction from a three-week high of $1,933, with selling pressure persisting below the important 100-day Moving Average (DMA) at...
It can be seen that Gold has had a strong uptrend and surpassed the down channel. We will watch the demand areas where Gold is trending back to find and test it. Yesterday Gold created a trading border around 1905 - 1932, but we will wait to observe this in other demand zones, this trading border no longer has fresh liquidity. I think Gold will tend to return to...