Gold continues to rise in Asian markets. Continuing to the London market. The current price of gold remains at 2261. Combined with the high point ahead, visual inspection shows a double top trend. This is not a good trading position at the moment. Focus on paying attention first. If it breaks through the previous high point and fails to stabilize later, you can...
Gold was originally bearish, because the rapid retracement from the daily level to 2223 has established the rhythm of a phased top correction. However, we see that this week did not continue the correction, but turned into a shock. If the shock lasts too long, it is not conducive to short sellers, because the early surge has made the bulls very strong. To adjust...
Simple trading: M - Pattern "Double top" We look to sell gold for a correction. Gold is respecting the trend, but if the price fails to break above 2265, it could see a possible downside after its massive bullish impulse. When U.S. bond yields rise: - Gold prices might decrease as investors find bonds more attractive due to higher returns.
Delving into XAUUSD, I’ve identified a prime opportunity for a SHORT position. Gold is currently facing resistance at a key technical level, with the formation of a bearish engulfing pattern indicating a potential reversal from recent highs. This technical setup is further supported by an overbought RSI and bearish divergences on the MACD, suggesting that momentum...
By checking the gold chart in the 1-hour time frame, we can see that the price was able to correct up to $2228 last day, and then it started to grow again, and now gold is trading in the supply range of $2256! Note that the only supply level in front of the price is $2256 to $2266 and we may have a negative reaction to this level again! If the price starts to...
XAUUSD appears to exhibit a Rising Wedge Pattern on the M15 timeframe. If valid, the target for the decline is $2226.45.
Gold currently holds key support at 2144 - 2149 and faces resistance at 2158 - 2163. It awaits interest rate news, anticipating a fluctuation of 200-400 pips in response. Stay tuned for potential market moves as events unfold.
Gold retreated from its recent record high of $2,265.58 per troy ounce, initially gaining ground during Asian trading hours before reversing course in European sessions. Currently hovering around $2,250, XAU/USD finds support from the robust rally of the US dollar following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests that...
Gold, the precious metal that has fascinated humanity for centuries, holds a unique place in our collective consciousness. Its story weaves through the annals of history, intertwining with tales of wealth, power, and cultural significance. From ancient civilizations to modern societies, gold has been treasured as a symbol of opulence and prestige. Its shimmering...
Drawing insights from Dow Theory and personal speculation, my technical analysis indicates a sustained bullish trend for XAUUSD over the long term, with a projected peak at 2209.32 pips. Anticipating a retracement to revisit its recent low before resuming its upward trajectory, the analysis suggests a potential retest of the previous low before embarking on a...
Gold prices have surged to a two-month high, reflecting renewed investor interest and economic uncertainties. As of the latest data, gold is trading at , marking a significant increase from previous weeks. This surge is attributed to various factors, including . Investors are closely monitoring gold's performance amidst evolving market dynamics and are poised to...
From the current market situation, gold peaked around 2275 before encountering resistance and retracement, with the current low point being around 2229. For now, it appears that the bullish momentum has somewhat eased after a strong breakthrough. Additionally, with the continued strength of the US dollar, a return to a bearish sentiment is quite normal. Gold...
Marking key levels for the next 1-2 weeks: First zone around 2204 for fresh buyers, while considering sell-side opportunities if price drops towards 2153. Potential buying may occur thereafter.
With the ongoing upward trend in gold, the 2257-2259 area holds crucial significance today. Failure to break through here may indicate a continued correction. I'll be looking to short gold in small increments in this zone, especially if a local double-top structure forms. Avoiding long positions near or above 2262 is prudent, as I anticipate potential downward...
Today, March 15th, the global gold market witnessed a downturn following a surge in the value of the US dollar. The price of gold, currently hovering around $2163, faced downward pressure as US bond yields climbed. This shift in market dynamics comes amidst lukewarm macroeconomic indicators from the US. February's retail sales saw a modest uptick of 0.6%, falling...
The current high in gold isn't yet confirmed as a major high, necessitating a retracement for confirmation. There's a possibility of a pullback to retest the level around 2195, providing confirmation for a bullish trend before considering buying. If the price fails to respond to this retest level, it may drop to the major H4 level at 2170 before confirming a buy...
Here on Gold price has made a rebound around 2255.000 showing that the seller are about to take control so is important to go go SHORT and targeting profits should be around 2234.000
🌟 Greetings, phenomenal traders! 🌟 I hope your weekend was absolutely stellar! Now, let's rev up for some exhilarating market maneuvers and set our sights on those colossal profits! 💰📈✨ 🔍 Today, let's plunge into the mesmerizing realm of GOLD! 🌟✨ XAUUSD is seizing the spotlight. 🌐💥 As you're well aware, gold is reaching unprecedented peaks, breaking records...