Hey Everyone, Another great day on the chart today buying multiple dips inline with our chart idea. Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level. The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken...
Hey Everyone, We started the week high lighting two weighted levels 2408 and 2371 and was looking for either one to lock with ema5 to open the next range. 2393 resistance held on market open with no ema5 challenge on 2408. The rejection followed with the weighted Goldturn 2371 test our bearish target. EMA5 cross and lock below 2371 opened the retracement range...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. LAST UPDATE Last week...
During the Asian session on Monday spot gold had a GAP and opened lower, falling to a low of $2,360/ounce. Gold is mainly under pressure because tensions around Israel and Iran seem to have cooled down, which reduces risk aversion, thus putting pressure on gold prices. There are no new points in the developments. geopolitical conflict, all attacks are just in the...
Hello, dear friends! Let's review last week's gold prices and strategize for the upcoming period! Last week was quite a spotlight for gold, as it soared to a new peak at $2431 USD before retreating and stabilizing around the $2400 mark. The metal has closed its trades for the week at $2392 USD, still managing a 0.55% recovery for the day. Why has gold seen such...
Hello dear traders! XAUUSD touched 2317 USD continuing its downtrend as the market gradually eased concerns about escalating tensions in the Middle East. This means that gold - which is considered a risk haven - has lost its position. Regarding impact news: comments from US Federal Reserve (FED) officials suggesting there is no urgent need to cut interest rates...
Hello everyone, let's explore the gold price developments for the new week! As the trading week opened, gold quickly adjusted downwards, losing nearly $23 in the first few hours of the Asian session. Currently, the price of gold stands at $2369, and it is forecasted that in the short term, the metal may continue to adjust downwards after reaching the trendline...
Gold prices are attempting a slight recovery during the Asian session after finding fresh demand near $2,355 once again. Gold prices took advantage of the softer risk tone and sustained weakness in US Treasury yields, despite recent hawkish comments from the Fed. XAUUSD trades above 2370 and the daily chart suggests the slide could continue. Technical indicators...
Gold regained bullish traction and broke above the $2,400 mark, showing some short-term consolidation for now. Technical indicators retreated from extreme overbought levels, suggesting that some decline may be imminent in the short term. However, the possibility of a slide higher is yet to come, as XAU/USD refuses to give up while developing its moving averages on...
FX:XAUUSD is entering the correction phase. Earlier, based on technical and candlestick nuances on D1, I warned about the approaching decline. Gold is eliminating buyers and apparently heading towards 2267, 2228. April 19 idea: The market is getting ready to turn around, collecting liquidity from buyers On H1 the price is forming a bearish momentum, since...
Yesterday, the gold market experienced significant volatility, with prices falling below $2,400 and continuing to decline below $2,300 during Tuesday's Asian trading session. This decline was triggered by escalating tensions between Israel and Iran. Market participants are betting that the ECB will cut interest rates in June, with three rate cuts expected...
Hello dear traders! The XAUUSD correction continues to build. The price broke through the $2356 support level as we expected as measured by the 0.5 Fibonacci. The price quickly dropped to 2,300 USD and stalled above this level for a few hours. At the time of this article, the price was trading stably at 2,309 USD, marking a decrease of 0.75% on the day. It is...
The price of gold experienced a modest decline towards the end of Tuesday's trading session in the U.S. after reaching a high of 2,334 USD. During the Asian trading session the following day, XAUUSD continued to drop to 2,323 USD, marking a decrease of 0.11%. Despite the weakening of the U.S. dollar following the release of weaker-than-expected U.S. PMI data, gold...
From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments...
Dear friends, world gold prices are on a downward trend, marking a decrease of 21 USD in the first hours of the Asian session compared to last week's closing level of 2,392 USD/ounce. The world gold market last week fluctuated according to a familiar pattern. Gold prices continuously touched new highs thanks to being boosted by shelter demand due to fears of...
Due to the sudden intensification of the conflict between Iran and Israel on Friday, gold quickly rose to around 2417. After the market's risk aversion sentiment cooled down, the price quickly fell back to the resistance level of 2372, and then rebounded to around 2400, but did not effectively break through 2400. At present, the market is still in a volatile...
Hello dear friends, after a brief dip last evening, gold is back on its quest for new highs. So far in today's trading session, gold is making another push to surpass the $2,400 barrier, buoyed by a fresh decline in the U.S. Dollar and persistently low U.S. Treasury yields which favor the non-yielding metal. As such, gold may continue to find demand as a safe...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price test 2389 weighted level on market close with already a new body close above this level opening a gap to 2410 but will need ema5 lock to confirm this gap further with also an extension to 2429. We also have bearish support target at 2354 and will need to...