#XAUUSD Analysis – January 3, 2024 Recommended purchase: 2060-2062 (STOP: 2054) Recommended while waiting for sale: 2077-2080 (STOP: 2090) Short term goal: 2074 As expected yesterday, gold prices rebounded around the 2062-2065 range and reached the expected 2079 range, but shortly after that, gold fell again from the entrance of the 2060 price range. ....
Technical Analysis: Gold might encounter strong resistance near the $2,078 region. Overnight failure near the all-time high closing levels around $2,077-2,078 raises caution among upward trend traders. Breaking this barrier decisively could pave the way for a push towards the psychological $2,100 mark. Daily chart oscillators remain comfortably positive, hinting...
#xauusdQuick analysis of gold price trends Gold prices failed to break through the 2054-2055 area yesterday. Still no major news today, so I think gold prices today will trade sideways in the 2052-2072 price range. Range waiting to be sold: 2069-2072. Price range awaiting purchase: 2052-2044-2046 I hope my analysis will continue to help everyone bring profits....
The daily chart for XAU/USD suggests intermittent recoveries despite limited directional momentum. This currency pair maintains its position above all its moving averages, with the 20-day Simple Moving Average (SMA) hovering around $2,034 USD, notably higher than longer-term averages. While technical indicators lean towards positivity, the Relative Strength Index...
There was good news during the holidays. Gold rose sharply at the opening and then fell quickly. The technical resistance is in the 2068-2073 range. If there is no breakthrough, there is a high probability that it will still fall. Therefore, today’s trading strategy is to go long first and then go short.
OANDA:XAUUSD in our last analysis on gold we had anticipated price to drop from 2065-70 region and price have rejected and from next week we can see a significant drop in price as we will having NFP next week. DXY can rebound strongly and remain bullish throughout the month of January. happy new year 2024!
Gold starts the new year with a positive signal, supported by a weaker US dollar and positive developments around China's economic stimulus measures. XAU/USD trades around $2,065, up 0.19% on the day. Expectations are for gold to remain stable and potentially continue its upward trend, although surpassing $2,100 will require convincing momentum. Price corrections...
Dollar currency Index took support on its D1 time frame, which is seems very strong and Gold accepted it supply zone from 2087 and now falling down. I am bearish on it. DYOR before taking trade.
GOLD next week I will be looking for sell My Weekly bias is sell DXY will be strong in upcoming weeks so my eyes on GOLD will be selling I suggest you look for sell only gold is already overpriced Good luck for the next week Traders
✍️ NOVA hello everyone, Let's comment on gold price next week from 1/2 - 1/5/2024 🔥 World situation: A very successful end to 2023 for Gold. In the first week of 2024, there will be some important news that directly affects the price of Gold such as: PMI, ADP Non-Farm, Unemployment Claims, Average Hourly Earnings m/m,... The price model is creating a slight...
In a surprising turn of events, the market response to adverse news about the US dollar has defied expectations, exhibiting a counterintuitive pattern. Market makers appear to be strategically assessing liquidity levels before allowing further price increases. Two potential scenarios could unfold in the coming days. If market makers have successfully positioned...
Gold soared to $2,080 but reversed, dipping near $2,060 due to the rise in US Treasury bond yields. Investors are cautious ahead of year-end flows, limiting big bets on XAU/USD. The price may stabilize as the new year nears, remaining elevated. Closing below the ascending trendline at $2,084, buyers approach with caution, yet the rising 14-day Relative Strength...
Hello everyone, in just 1-2 days 2023 will end, the annual candle will close, last year the candle closed at 1823 USD and reached a peak of 2,146 USD, and at the time I write The candlestick reached the level 2070. Let me know what you think about where gold will close tomorrow, and give your verdict on gold in 2024! Best regards, AdmamTrade
After peaking at $2,080, gold swiftly reversed, dropping to around $2,060, pressured by resurging US Treasury bond yields. Investors are cautious, refraining from major bets on XAU/USD amidst year-end flows. Maintaining a relatively higher level, gold might consolidate into the new year. Closing below the upward trendline at $2,084, potential buyers exercise...
Gold prices dipped below the Thursday trading range of $2,064-$2,088 as thin trading volumes characterized the market with limited participant activity due to the holiday week. The precious metal witnessed some profit-taking on Thursday. On a broader note, the upward-sloping 20-day and 50-day Exponential Moving Averages (EMA) indicate positive momentum, and...
Gold prices are finding demand in the last trading session of the year during the Asian market, amidst cautiously optimistic market sentiment and the recent weakness of the US dollar. Investors are gearing up for the year-end flow and refraining from placing any new directional bets on gold prices, keeping the precious metal in a consolidating phase around...
Gold has now returned to the 2066-2071 range again, with resistance at 2072-2079. The trade is long and then short. There is a high probability that today it will test 2063-2057. If there is news to match, it may drop to a lower position. Once again, I emphasize that during the transaction process, you must first ensure the safety of the account, especially...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Thursday saw an increase in Initial Jobless Claims in the United States, reaching 218,000 for the week ending December 23. This exceeded the market's prediction of 210,000. Continuing Claims also rose to 1.875 million, marking the highest level in four weeks. Additionally, November's Pending Home Sales...