Gold prices stabilized as the market awaited the meeting of major central banks this week. After last week's decline, gold prices are stabilizing as the market awaits central banks' interest rate decisions and upcoming economic data with resistance currently located at $2,040. In case the resistance cannot be overcome, gold could be pushed towards the $2,005...
Hello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance. Gold has continued its downward trend this week, with further pressure expected due to the renewed rise in DXY. Personally, I anticipate another decline in gold, so my trading advice for...
Gold today. Let's continue to sell, everyone. Today's Price Range I will enter according to Frame D1 and H4. > Today's selling rhythm I will wait around the price range 2032>2038 SL 2040 City 2024>201x >In the Buy zone, you can buy according to RSI. Because the current price range is quite balanced between buyers and sellers. But on the large frame, I still see...
Here is my latest structure analysis for Gold. Horizontal Structures Resistance 1: 2054 - 2064 area Resistance 2: 2077 - 2088 area Resistance 3: 2142 - 2148 area Support 1: 1964 - 1980 area Support 2: 1931 - 1938 area Vertical Structures Vertical Resistance 1: Rising trend line Consider these structures for pullback/breakout trading. ❤️Please, support...
Looking at GOLD XAUUSD on a 4H chart we can see a bearish break off structure with a series of lower lows and lower highs with the exception of a previous liquidity run. Given the trend I'm looking for a short opportunity with targets at the current price swing low and previous swing low as shown on the chart. This information is for educational purposes only and...
Top-down analysis for Gold. Important key levels. Candlestick analysis. Price action patterns. Bearish outlook explained. ❤️Please, support my work with like, thank you!❤️
Reason Behind Bullish 1. Bullish Spinning Top - Single Candlestick 2. Tweezer Bottom - Double Candlestick 3. Three inside Up - Trible Candlestick 4. Bullish Flag Pattern Overall Possible Outcomes XAUUSD BUY @ 2025-30 SL 1995 TP 2045 TP2 2062 TP3 2080 TP4 2150
Gold was very bearish this week and the price managed to set a new local lower low lower close, violating a solid rising trend line. Even though the market closed recovering, I remain bearish biased. I do believe that the fall will continue next week. Next support - 1980 ❤️Please, support my work with like, thank you!❤️
The price of gold surged significantly on Friday, driven by a risk-averse sentiment stemming from escalating tensions in the Red Sea. The US and the UK responded to Houthi's attack on a US ship on Thursday, prompting a surge in gold purchases as the conflict in the Middle East intensified. Additionally, the yellow metal received a boost from the decline in US...
Gold (XAUUSD) is on the 2nd straight bullish 1D candle after Wednesday's 2001.50 bottom. With this rebound it has recovered the 1D MA50 (blue trend-line), which it broke and closed below it on Wednesday. However this is the only (so far) divergence from the early 2023 pattern, which started with a massive reversal on the 1811.50 - 1805.00 Support Zone, the rally...
In my post from yesterday, I mentioned that OANDA:XAUUSD had broken below support. I advised that any rallies back to that zone should be considered for selling. Following my own advice, I executed the sell, and despite an initial drop, the market reversed, resulting in my trade currently being at a loss. Setting aside my specific trade situation, let's...
Gold has recently been trending down as we can see on the 4 hour time frame. If the USD continues its uptrend we could expect further downside with gold as depicted in the chart.
In yesterday's post, I said there's a good chance OANDA:XAUUSD might go below the important 2020 support level. If that happens, we could see a change in the medium-term trend. Bears were in control all day and managed to break that level, hitting a low of 2002. Technically, breaking the upward trend line, smashing through horizontal support, and setting a...
The yesterday's retail sales data turned out to be very bearish for Gold. The price violated both a solid rising trend line and a key horizontal support on a daily. The broken structures compose a supply zone now. We can anticipate a further bearish continuation. Next support - 1979 ❤️Please, support my work with like, thank you!❤️
After a breakout of a resistance line of a bullish flag pattern on a daily, Gold is currently retesting that. We can see a perfect confluence between a horizontal support and a falling trend line. A bullish movement may initiate soon. Your bullish confirmation can be a bullish breakout of a falling parallel channel on an hourly time frame. Patiently wait for...
Gold price snapped a three-day winning streak, trading lower near $2,050 per troy ounce during the early European session on Tuesday. The prices of the precious metal face downward pressure as US Dollar (USD) improves on the back of upbeat US bond yields. Xauusd Buy now 2042 Confirm Target. 2065
Gold (XAUUSD) followed our January 08 buy signal (see chart below) and rebounded on the 1D MA50, easily hitting the 2040 Target: This time we have a distinct technical formation arising as the pair is forming the first 4H Death Cross since September 28 2023. In fact, the price action is very similar to the Death Cross that was formed a few days prior that...
With the war situation in the Middle East continuously escalating, gold prices may continue to increase next week. In the past week, although the gold price had a downward adjustment after the US CPI data was released, the price immediately rebounded after the USD weakened because the market continued to expect the Fed to cut reduce interest rates next March. In...