Gold (XAUUSD) has made a new All Time High (ATH) today early during the Asian session opening amidst the attacks in the Red Sea, peaking just below 2150 before being sold-off on each passing hour. Regardless of the pull-back, this managed to make a new ATH after almost 3.5 years. There is technical evidence however showing that if the current weekly (1W) candle...
In last week's analysis, I stated my expectation for growth in the price of Gold and recommended buying dips rather than attempting to sell into a potential correction. On Friday, bulls successfully broke above the small corrective bullish flag, achieving a new all-time high and closing the session at this peak. The Asian session opened strongly, witnessing an...
GOLD MARKET ANALYSIS AND COMMENTARY - WEEK 49 - 2023 (December 4 - December 8] This week, gold prices have continuously increased sharply after breaking the important resistance level at 2,010 USD/oz. Gold price at one point climbed to 2,075 USD/oz and closed the week at 2,072 USD/oz. Although the FED Chairman's statement is still heavily "hawkish", the gold price...
Reason Behind XAUUSD Sell Projection 1. Obey Strong Resistace @ 2071-80 & No other Technical Reason For Fall 2. Fundamentally Dxy make the retest the Weekly High @ 105 3. In DXY we founded the Bulllish Spinning Top which Makes the XAUUSD further Sell Overall Possible Outcomes XAUUSD SELL @ 2071-80 SL 2095-2100 TP 1 @ 2040 TP 2 @ 2010
What a bullish week for Gold. The market closed approaching the ALL TIME HIGH! Here is your plan for next week. Bullish scenario: if the price breaks and closes above 2074 on a weekly, it will confirm the strength of the bulls one more time. A bullish rally will push the prices to 2200 then. Bearish scenario: The market may drop from ATH as it happened 2...
Gold today twice hit the 2050 pressure level, after the first shock failed to return to near 2035, we choose to be long gold in this position, and successfully reached the target position 2045, after Powell's speech, gold once broke through the 2050 pressure level, and is now consolidating near 2056, next week we can observe whether gold stands firm 2050, Wait...
Gold maintains its position around $2,000, buoyed by a weakening US Dollar and mixed US PMI data from Friday. Despite the recovery in US Treasury bond yields, the broadly weaker dollar prevails, driven by dovish bets on the Federal Reserve amid a manufacturing sector downturn. However, the upward momentum of gold faces potential constraints as rising US Treasury...
Gold (XAUUSD) entered yesterday the Resistance Zone that has been in effect for more than 3 years (40 months actually) since the week of August 03 2020. The main characteristic of this zone is that even though the 1W (weekly) candles broke within it, they all closed eventually back below it. And this is why we make this analysis today on the 1W time-frame instead...
In my previous Gold analysis, I wrote that Gold is consolidating with bullish perspectives. Indeed, two days ago, The price exploded to the upside, and since yesterday, it entered in a consolidation again. Although there could be a correction, in my opinion, this should not be sold but bought into dips. A good zone for buys is under 2030 Also, as an alternative...
Gold Moving in Triangle pattern, breaks the lower trendline and now retesting. Mange your Risk Account to your account size.
The top divergence in the 1h chart has been repaired, and the current pattern tends to be a double top. Especially in the 2h chart, the short pattern is still very obvious. If there is no special news to stimulate it, there is a high probability that it will fall. Continue to pay attention to the resistance near 2018-2023, and trade mainly short.
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 48 - 2023 This week, international gold prices opened at 1,977$, then decreased slightly to 1,964$, then continuously increased sharply beyond 2,000$ to 2,007$ and closed the week at 2,002$. The reason why international gold prices have continued to increase sharply this week is because the USD has...
In this video, we delve into the recent surge in gold prices, driven by a combination of factors. On Friday, the U.S. dollar and Treasury yields experienced a decline following disappointing U.S. jobs data, solidifying expectations that the Federal Reserve will halt its interest rate hikes. The October job growth figures fell short of economists' projections, with...
Gold prices experienced a notable decline, particularly following hawkish remarks from Federal Reserve (Fed) Chairman Jerome Powell. Powell's suggestion that the Fed might not have achieved a sufficiently restrictive monetary policy to control inflation sent shockwaves through the market. This hawkish stance contradicted the earlier belief that the Fed was done...
In Friday's session, the XAUUSD experienced a slight uptick, closing the week at $1,980 after reaching a high of $1,995. However, this price increase was halted by hawkish comments from Federal Reserve officials, following the release of strong US housing data that led to a modest rise in US Treasuries. October's Housing Starts showed a 1.9% increase compared to...
Gold 1990 more profit, European rally 1995 empty! Gold day up weak, has encountered the pressure of 1998, 1991 near more profit out, strong no longer strong will turn weak, European began to short! So 1995 began to short bear, now the support is 1988, once the break, the depth of the pullback opened! The United States focus on this position support can! From...
Since there is no data today, we will only do technical forms. The current trend is still short. It is expected that there will be a wave of decline after the US market opens. You can continue to short and set SL to control risks. Because the U.S. trading time usually fluctuates greatly, if you make a mistake in judgment, setting SL can also avoid some losses,...
In yesterday's post, I wrote that an important level for bulls to watch is the 1990 zone. After a new test of the waters above 2k, Gold fell in that zone and is now consolidating under this significant 2k milestone. Both the medium-term and the short-term are bullish and if XauUsd finally has a genuine break above 2k we can expect acceleration. As said, both...