Ralph Benjamin hello everyone! After a price increase that brought gold past the 2,400 USD/ounce mark, the world gold market was under pressure to sell off and entered a consolidation period. However, according to commodity investor Dennis Gartman, this precious metal still has a lot of upside momentum. Most likely, the price of gold could rise to 2500 USD and...
Since Friday's blow-off top, OANDA:XAUUSD has exhibited strong volatility. Initially, the price tested the crucial 2325 support level, followed by a robust reversal to retest the 2400 mark. Although the long-term outlook remains bullish, I believe we are currently entering a corrective phase. Given the heightened volatility and the lofty levels at which Gold is...
As you're aware, I maintain my expectation for a significant correction in the price of $OANDA:XAUUSD. Despite this correction not materializing yet, my confidence in this outlook continues to strengthen each day. Yesterday proved to be relatively quiet for XAUUSD, with the price exhibiting range-bound movements during both the London and New York sessions....
Yesterday, the gold market saw a strong rise under the influence of the geopolitical situation in the Middle East, reaching a maximum of $2,417 in the morning, but then the price retreated and the gains were completely digested. It rebounded again to $2,401 in the evening and finally closed at $2,390, exactly in line with our expectations. The daily chart shows a...
End of day update from us here at KOG: A decent day on the markets with the perfect example trade coming from gold. We said yesterday the ideal trade would be a move down into that support level where traders should look for the tap and bounce. We had the red boxes and that level of 2291 highlighted which gave the first opportunity together with the structure...
Hi Traders ! The Gold Price Failed To Create a New Higher High ! Currently, The Support Line is Broken ! So, Let's Expect The Bearish Scenario: If The Price Breaks and Closes Below The Support Level (2318.740 - 2333.375), We Will See a Bearish Move 📉 TARGET: 2260.000🎯
Gold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a new all-time high has continued this week with the precious metal posting a $2,141.8/oz. peak yesterday. This left gold just $3 short of printing a new ATH. The technical outlook for gold remains positive and suggests that the precious metal will...
Judging from the 60-minute chart, gold has entered a downward trend in the short term. The candle line has fallen below the 200-day moving average, and the 20-day moving average has crossed below the 50-day moving average to form a dead cross. The price is expected to fall into the 2300-2319 range next, and can be sold after rebounding to the 2340-2350 range.
Gold fell below the 2370 resistance level today, reaching its lowest point near 2350, and also fell below the rising trend line on the chart. But this does not mean that gold is currently short. Although Israel and Iran have not taken actions to escalate the conflict, the conflict may escalate at any time. Moreover, the United States has provided tens of billions...
Hello dear friends! Overall, XAUUSD has experienced significant fluctuations with price increases surpassing the $2366 mark. It is currently trading at a new high of $2,381, after hitting $2,431, marking a 0.09% gain on the day. Recently, gold has had difficulty maintaining its peak of $2,431. Gold's upward momentum is hindered by many factors, including news...
The price perfectly fulfilled my last idea. It hit the target zone. The price bounced off the support level. OANDA:XAUUSD is ranging by forming a traingle pattern. On the daily timeframe, it is an inside bar formation. The price might continue to range because we had a massive sell-off before. I think the market may keep moving sideways; squeezed in the shape of...
🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢. 📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns . 🌊According to the theory of Elliott waves , it...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has rebounded from its previous losses and is currently trading at approximately $2,370 per troy ounce during the Asian session on Thursday. The valuable yellow metal, known as a safe-haven asset, is increasing in value as traders exercise caution due to the heightened geopolitical...
Technical View - XAU/USD is trading higher on Monday, but Friday’s closing price reversal top may be producing enough of a bearish influence to put a lid on prices. A trade through $2333.88 will confirm the chart pattern, shifting momentum to the downside. A move through $2319.395 will change the minor trend to down. This will reaffirm the momentum shift, setting...
XAU/USD, gold/US dollar, is showing signs of a potential drop in day trading. Technical indicators point to a bearish outlook, with the 50-day moving average crossing below the 200-day moving average and the RSI indicating overbought conditions. The US dollar's strength and the Federal Reserve's hawkish stance are pressuring gold prices. Day traders can consider...
Yesterday, gold fell as expected. The price showed a downward trend twice after hitting a maximum of 2395. In late trading, it fell all the way to our expected first target of 2355. The current disk shows that it has plummeted by $100 since the high of 2431, and short-term bulls are still trying to regain lost ground. However, the trend line since the 2430 upward...
✍️ NOVA hello everyone, Let's comment on gold price next week from 4/22 - 4/26/2024 🔥 World situation: The price of gold surged to a new high above $2,400 as tensions between Israel and Iran in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to $2,417 per troy ounce. However, the...
Have entered into some sells. Based off daily chart. TP levels placed on 1 hour resistance levels. Confirmations 1. Previous day closed bearish 2. Daily came up first with no bottom wick (creating top wick to drive down) 3. Grabbed liquidity at nearest daily resistance (2372.3 area)