Last week, OANDA:XAUUSD moved like a headless chicken, with spikes up and down but not managing to decide either way. From a technical standpoint, we have a strong resistance around 2060 and support between in 2025-2030 zone. After Friday's strong reversal from resistance, the odds are in favor of a down break, but as the title says, I am waiting for a clear...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
Gold nicely respected a key horizontal support on Friday. The price formed a tiny double bottom formation and violated its neckline during the NY session. We can anticipate growth on Monday. Goals: 2050 / 2055 ❤️Please, support my work with like, thank you!❤️
Over the past week, the price of Gold has been fluctuating between $2,000 and $2,035. This is because buyers seem to be taking a break, indicating a neutral to bullish outlook on the daily chart. Furthermore, the USD's recovery, driven by market adjustments related to the Federal Reserve and the resilience of the US economy, is putting pressure on the price of...
Following the two day price surge after the Fed kept the Interest Rates unchanged and communicated their intensions of being in no rush to cut rates, we believe it would be beneficial to look Gold (XAUUSD) from a long-term perspective again and in doing so, we are updating our December 27 2023 (see chart below) comparison between the 3 Cycle Tops since August...
It has been a tough week for OANDA:XAUUSD traders with very choppy price action. In this video, I try to see the forest from the trees I try to figure out what Gold could do next.
As observed on the daily chart, Gold price confirmed an upside break from a month-long symmetrical triangle formation after closing convincingly above the falling trendline resistance at $2,036 on Wednesday. The 14-day Relative Strength Index (RSI) indicator points north above the midline, suggesting that there is enough room for the upside. Traders have paid...
In my commentary from yesterday, I mentioned that as long as the price remains above the 2015 support zone, bulls hold the upper hand, and OANDA:XAUUSD could rise, potentially breaking above the 2040 resistance level. Indeed, this occurred. However, strong volatility ensued following the break, and buyers were unable to maintain the price above this level. Gold...
Do not forget that today we are expecting FED interest rate decision and press conference. Gold will most likely react strongly to this news. Here are the potential scenarios. Bullish The market formed an ascending triangle formation on a daily, it is currently testing its neckline. If the price breaks and closes above that, it will be a strong bullish signal...
FED rate is ahead. In this video, I will share with you a trading plan, Important key levels, price action analysis and trading recommendations ahead of the news. ❤️Please, support this video with like and comment!❤️
Gold is on killing spree towards sell since January 8 as almost 5 attempts t0 break $2038 - $2042 cluster on resistances AS now we have 2 options for todays session. 1- if the $2042 break properly then next targets will be $2052,$2060. 2- if again it retraced back as clearly in D1 timeframe next bearish cycle remains valid and our targets will be $1982 for...
XAU-USD went up to retest The falling resistance And we are seeing a Bearish reaction so I think that we will see A further move down !
Gold (XAUUSD) is about to test the 4H MA200 (orange trend-line) for the 4th time in 10 days having already 3 failed bullish break-out attempts (all 4H candles broke but failed to close above it). At the same time, all this price action is being done at the top (Lower Highs trend-line) of the 1-month Channel Down pattern, which strengthens the sell...
Overall Possible Outcome XAUUUSD SELL @ 2030.5 SL 2036 TP 1 2024 TP 2 2017
Gold is trading in a minor bearish trend on a daily. Lower highs are perfectly respecting a falling trend line. After the last test of that, the market started to consolidate on a 4H time frame within a horizontal range. Bearish breakout of the support of the range is an important sign of strength of the sellers. We can anticipate a further decline next...
Gold's recovery near $2,030 persists as the US Dollar adopts a sideways trend. Despite a less convincing pullback in Gold, traders have tempered expectations for a Fed rate cut in March. While the precious metal has rebounded significantly amid escalating Middle East conflicts, the short-term outlook remains cautious due to limited upside potential, influenced by...
XAUUSD is trading in a Downtrend below the falling Resistance line and the gold Is now retesting the line so I will be expecting a local Move down !
We got 2 peculiar breakouts on Gold. As you know, the market was consolidating for roughly 1 week. Consolidating, the price formed a triangle and a horizontal range. We see a breakout of both the support of a triangle and the range. It confirms the local strength of the sellers. The price may drop to 2006 support. ❤️Please, support my work with like, thank you!❤️