Gold Lacks a Healthy CorrectionGold has been trending steadily within an ascending channel, with buyers keeping control and driving price higher and higher.
And recently price broke above the channel, but it lacked conviction and price is falling back inside the channel.
This might signal buyer exhaustion and a potential shift
About CFDs on Gold (US$ / OZ)
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Gold/Oil Signaling Market Is In A Super Bubble Gold = Fear
Oil = how strong the economy is.
Except for COVID we have never seen such an extreme reading. Yet people are buying up stocks like we will never again be able to produce another stock again as long as we live!
Tulips!
Here are just a few of the factors to consider that make this indic
GOLD → Ready for continued growth. Target 4100 - 4125FX:XAUUSD remains above $4,000, starting the week with a record high amid the escalating trade war between the US and China. Traders bought up all of last week's decline.
Key drivers: Trump's new tariffs: Introduction of 100% tariffs on all Chinese goods and export controls on software from No
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 4022 and a gap below at 3987. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see le
Gold’s Reaction Here Could Set the Next Big Move!Price rallied to the upside, retracing the previous drop and reaching the area where sellers had previously taken control.
If price rejects this zone with strong bearish candles, it would confirm seller presence and could mark the start of a new leg down, targeting the previous lows around 3,950.00
Lingrid | GOLD Weekly Outlook: Dip-Buying Dominance ContinuesThe price perfectly fulfilled my previous weekly idea . OANDA:XAUUSD market delivered another impressive performance this week, decisively pushing through the psychologically significant $4,000 threshold. While this round number naturally attracts considerable market attention, seasoned traders r
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 4041 and a gap below at 3978. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see le
XAUUSD - Recovery Ahead of the Weekend👋Hello everyone, what do you think about OANDA:XAUUSD ?
Last week continued to be a victorious one for the Bulls. The metal successfully broke through the $4,000 level, setting a new record. By Thursday, a slight pullback occurred, but overall, the trend remained positive, and momentum returned b
GOLD → The correction will provide a good opportunity for longFX:XAUUSD remains above the psychologically important level of $4,000, having corrected from a record high of $4,059. The market is awaiting Powell's speech, which could set the medium-term tone for the markets...
Key supporting factors: Uncertainty over the shutdown: The phased reopening plan
GOLD → Retest 4000. Pullback before a breakout and rise to 4100?FX:XAUUSD , after a sharp sell-off and testing of the 3950 support zone, is aiming to return to the $4000 level on Friday, preparing for its eighth consecutive week in positive territory.
The Senate adjourned for the weekend until Tuesday, postponing a decision on the shutdown. John Williams s
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.