Gold Hits New ATH – Is a Bearish Crab Reversal Next?Gold ( OANDA:XAUUSD ) started to rise today after the release of the
ISM Manufacturing PMI index formed a new All-Time High(ATH) .
The question is what price range could the new ATH price range for gold be in?
Gold is currently moving near the Potential Reversal Zone(PRZ)($3,557-$3,531)
About CFDs on Gold (US$ / 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 Overview: Rose sharply and broke important resistanceIf we zoom out and take a look at how the price moved on GOLD, we can see the following:
The price repeatedly tested the area of resistance while setting consecutively higher lows.
The highs around the resistance price formed a horizontal line. Then, it recently broke it with strength.
This forms
Gold in Focus: Pullback Sets Stage for Next MoveGOLD has been moving within a rising parallel channel. And recently price just pulled back sharply from the channel’s top and touched the lower boundary, where it was strongly rejected. That rejection wick indicates that buyers stepped in already.
If momentum picks up again, the channel top could
Gold will continue to grow inside upward channelHello traders, I want share with you my opinion about Gold. The market context for Gold has been firmly bullish since the price broke out of its prior consolidation range, a move that originated from the deep buyer zone. This breakout shifted the market structure, initiating a new impulsive phase th
XAUUSDHello Traders! 👋
What are your thoughts on XAUUSD?
Gold has been moving within a medium-term ascending channel and recently managed to break above a major resistance area that had previously rejected price multiple times.
Currently, the price is facing a psychological and technical barrier at the
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Following the release of the U.S. Non-Farm Payrolls (NFP) data on Friday, gold surged to the 3600 level before entering a corrective phase from that resistance.
We expect this pullback to extend further, potentially reaching lower support zones in t
XAU/USD | Gold at Record Highs – Can NFP Stop the Rally?By analyzing the gold chart on the 12-hour timeframe, we can see that the price continued its rally today, reaching $3,578 and printing a new all-time high (ATH)! After hitting this level, gold made a slight pullback to $3,510. Right now, the price has bounced back and is trading around $3,550.
So
Lingrid | GOLD Weekly Market Outlook: Fed Cut Bets Drive Rally ?OANDA:XAUUSD surged Friday after disappointing payroll data showing just 22K jobs added versus 75K expected, solidifying Fed rate cut expectations at 87.8% probability for September's meeting. The precious metal has already hit record highs above $3,500, gaining over 30% year-to-date as weakening l
GOLD (XAUUSD): Bullish Trend ContinuesGOLD is currently exhibiting a robust bullish trend, having recently reached a new higher high.
Following this upward movement, the market entered a phase of consolidation within a narrow parallel channel on the hourly time frame.
The recent violation of the resistance indicates a likely contin
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
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.