GOLD price declined as the ongoing banking crisis turmoil somewhat eased and indicies and other stocks started recovering the fall that they faced in last week. The recent data also indicates a weak DXY though what we are seeing here is, we expect price to drop and create a stable market structure to attract new investors. Upcoming weeks will be crucial due to one...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle in Long Time Frame as an Corrective Pattern Double Top Impulse Correction Bullish Channel in Short Time Frame as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Divergence Break of Structure Completed " abc " Corrective Waves Rejecting from Fibonacci Level - 78.60%
Hello trader. In the Asian trading session, the Gold price (XAU/USD) is striving to maintain its trading level above the significant hurdle of $1,980.00. Despite some indications of recovery in the US Dollar Index (DXY) from 102.00, the precious metal aims to exceed its Thursday's peak of $1,984.65. During the Asian trading hours, S&P500 futures experienced...
Key resistance at 1980-2006, peak of rising wedge pattern combined with horizontal resistance stretching back to 2020. Support of wedge is at 1911 and is a very probably short to mid term target of this technical movement within the wedge. A candle close above the 2006 mark may spark an immediate rally towards the next immediate key resistance at the ATH of...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Impulse Correction Rising Wedge as an Correction in Long Time Frame and Rejecting from the Upper Trend Line S / R Level Divergence Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave Double Top
Frustrating range unless you're scalping, in which case the up and down movement between the immediate MAs have provided numerous opportunities to scalp. The short from yesterdays grab 70-75 gave a nice return, still holding the long with the stop to entry. Support stands at the 50-55 level which could be due another test and resistance 70-75 which needs to break...
Gold price ( XAU/USD ) is trading comfortably above $1,950 after peaking around $2,000 thick resistance. Meanwhile, Silver price (XAG/USD) is trending up continuously with less volatility up and down and is trading above $23 level, still has room to make up before hitting all-time highs. year-to-date in early January about $24.50. Gold price trades precariously...
#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly...
After failing to break through the 2000 level, gold fell below 1960. The overall trend seems to have weakened. However, what I want to say is that you still do not understand the intentions of the main players. Two failed attempts are actually a sign of accumulation of strength. When the market believes that the trend will continue to decline, the real rebound...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " ABC " Corrective Wave Symmetrical Fibonacci Level - 50.00% Double TOP H & S Shoulder Rising Wedge as an Corrective Pattern in Short Time Frame , Rejecting from the Upper Trend Line
Here is my view for XAUUSD H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Since September 2022 Gold has been on a beautiful run. We've seen a big impulsive move without any signeficant pullback. The price has created a range and now we are getting closer to the upper boundary of the range. Last week we have seen buyers taking profit aggressively. Either the price will dump from here or it will go a little bit higher and it will get...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Impulse Correction Impulse Break of Structure Bullish Channel in Short Time Frame as an Corrective Pattern and Rejection from the Upper Trend Line Rejecting from the Fibonacci Level - 61.80% Completed " XYZ " Corrective Wave Divergence
XAUUSD BUY LONG Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Double Top Impulse Correction Break of Structure Falling Wedge as an Corrective Pattern in Short Time Frame Divergence Completed " 12345 " Impulsive Waves
Hey Everyone, This chart is for an update on previous idea, price rejected as described our next target is 1900 and then 1860. We have to take DXY strength into the consideration for the next we will see massive drop on Gold.
Hi there Gold is making a Head and shoulders pattern after such drop market is making a correction to prepare for next drop Enter at the current price action Take profit at 1920 Stop loss 2030 above shoulder Good luck