World gold prices went down as the market gradually reduced expectations that the US would cut interest rates. On the other hand, the need for safe haven capital in precious metals is also gradually decreasing as the Iran-Israel conflict has calmed down.
Geopolitical uncertainty continues to support gold and any escalation would push prices towards 2,500
XAU will...
Last Friday gold printed a daily cycle top and very possible this was the intermediate cycle top too.
After the daily reversal the next day price usually tags the 38.2% Fibonacci retracement. This time it 's at 2371,9.
The attack against Israel helped gold to bounce on the hourly chart to 2371 tonight.
I still think later tomorrow the decline continues and we can...
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Gold prices (XAU/USD) hit a record high near $2,390 during early Asian session on Friday due to market expectations of a US Federal Reserve interest rate cut. Chinese central bank's gold purchase and ongoing geopolitical tensions in the Middle East also contribute to the increase. Analysts predict that...
Update for Gold after a sudden drop from a random price level.
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XAUUSD reached the resistance level, which it could not break through.
The chart broke through the dynamic support, which now acts as resistance.
The long upper shadow on the candlestick after breaking the dynamic support signals the weakening of the bulls, as well as the doji formed near the resistance.
We expect a pullback to the 50% retracement level from...
On the intuation of Gold market price ... A daily pull back has been of expectancy ... as analysed in the chart 4hr,1hr,daily, poi for the sz has been liquidated, after the pull back, a price reversal is of expectancy at 2372, in lieu of daily market price correction ...to bolster up the confluence of shorting xauusd till the next poi at 2350-53... if the poi...
Dear friends, gold has rebounded to a high of around 2394 in the short term, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading near 2388, so does gold still have the strength to conquer 2400 or even higher?
Although gold has stopped below the 2400 position many...
Following a bullish opening to the week, Gold went into a consolidation phase and retreated below $2,350 on Monday. Rising US Treasury bond yields and expectations of Israel avoiding a further escalation of the conflict with Iran weighs on XAU/USD
.
As observed on the four-hour chart, Gold price is defending the 21-Simple Moving Average (SMA) at $2,356, at the...
Price has been bullish for the past three weeks, making new higher highs and higher lows. In between this month, a clear double top pattern near the recent high high which could possibly confirm a reversal pattern.
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Gold prices held firm on Friday and were on track for a fifth straight weekly gain as concerns about further tit-for-tat retaliation between Iran and Israel stoked safe-haven demand.
Spot gold prices rose to a high of $2,417.92 earlier in the session, with prices up more than 1% for the week. U.S. gold futures fell 0.2% to $2,393.50.
Gold prices soared early...
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price has also reacted to H4 demand where we are currently seeing a reaction.
Current intraday expectation is for price to react at H4 supply level to target weak...
2189$ can be the next target? before uptrend to 24k, 25k , 26k.
The sharp V-shaped irrationally lead the sudden rise and then creating a quick inverse V-Shaped and rise in the bullish trend to complete the bullish retracement in the aftermath. A V-shaped mostly occurs in the Bullish trend and then show reversal trend, However this may create a strong bearish...
Precious metals on the world market quickly lost the threshold of 2,400 USD/ounce after achieving this record yesterday.
Disappointing economic data is adding to solid safe-haven demand in the gold market. June gold futures last traded at $2,421.60 per ounce, up 2% during the session.
According to the report, consumers see inflation in the United States rising...
