Gold daily bearish divergences are warning of a pullback. It certainly can go higher to take out stops above 2100 but I don't that rally would last. Maybe demand for the USD is coming again as everyone is bearish on the dollar at this point.....
Various lines on the chart can be targets.
This is very similar to a Wyckoff distribution top so a thrust slightly...
Gold futures spent late April in a tight range, but now they’re approaching record levels as fears spread about banks and the debt ceiling.
The first pattern on today’s chart is the February high around 1975. GC’s latest pullback bottomed above that peak, which suggests new support is above old resistance. Does that reflect an uptrend?
Second, Bollinger...
MCX:GOLD1! TVC:GOLD OANDA:XAUUSD
GOLD - Where to next?
Well, as we had CPI out...5% - Dollar is getting sold it's what I expected but I am focusing on precious metals, we are heading higher but we are at key resistance. Highs 2050 lows 1980. we still within range a break below lows expect 1950 areas. However above 2050 highs, gold can easily achieve 2080...
Gold continues to trade within the range between 1985 and 2025 region.
Short term trend can only be identified when price breaks out of the range and would likely be this week due to the upcoming FOMC.
Heads up previously, had already mentioned previously, there was bullishness in Gold, but not enough and it was way too stretched to be at the top of the (constipation) range. The weeks went by and few things are very clear here:
1. There is a third lower high (not bullish)
2. Gold is breaking back into the range (really not bullish)
3. The MACD is weakening, the...
after 10 days of side move, this week will be the game changer!
imo, this week gold will goes to $2029.5, if the price held this zone and we not see a bearish pivot, next target probabbly $2090.
if the bearish pivot confirm market structure shift, gold will drop to L.V.
ultimately, C.E will held the price and gold will ready to reach $2090.
Hi every one gold reach there top leval 2024 August
best time for every dip buy for invesment and trading
you can ask financial advisor or contact any gold expert
Two posible scenarios
1) Bullish continuation (as the idea related linked) to 2100 or so by June this year.
2) Bearish move to the final bottom around 1720-1740 by August -September.
- A corrective strong move is pending. It could begin from this last week top or from a posible "expected" top higher at 2100 or so.
- Dollar is again at support 101 and not...
