Gold Lacks a Healthy CorrectionGold has been trending steadily within an ascending channel, with buyers keeping control and driving price higher and higher.
And recently price broke above the channel, but it lacked conviction and price is falling back inside the channel.
This might signal buyer exhaustion and a potential shift
About Gold (per 0.1) CFD
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.
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold continues its strong uptrend, printing new highs, but price action now shows signs of overbought conditions.
It appears that the bullish rally may pause for a short-term correction before resuming its upward momentum.
In this zone, we expect go
Gold can Start a Correction Towards 3855 SupportHello traders, I want share with you my opinion about Gold. The broader market context for Gold has been decidedly bullish since the price reversed and broke out from a prior descending channel. This structural shift established a new uptrend, which has since been neatly contained within a well-defi
GOLD In A New Upward Move Targeting $4000 - $4100GOLD In A New Upward Move Targeting $4000 - $4100
From our previous analysis, GOLD respected the bullish scenario. This came with a confirmation during the night trading session as I explained in the previous post.
With this move above 3895, the price confirmed a bullish triangle pattern that sh
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3907 and a gap below at 3880. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see le
Lingrid | GOLD Psychological Barrier Cleared Upside IntactThe price perfectly fulfilled my previous idea . OANDA:XAUUSD continues its climb inside the upward channel, holding above the key 4,000 support after a clean rebound. Price action shows consistent higher lows supported by the upward trendline, signaling sustained bullish momentum. As long as the
GOLD → Rally to the psychological target of $4,000FX:XAUUSD hit a new all-time high of $3,950 (+1.7% for the day at the time of writing), continuing its move toward the psychological $4,000 mark. The growth continues despite the strengthening of the dollar and the rally in the stock markets.
Key drivers: The ongoing US shutdown (now in its s
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3894 and a gap below at 3839. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see le
Gold Grid Trading Overview: Effective Strategy for 20% gains🪙 Gold Breakout-Stop Grid Strategy: Overview & Rationale
Grid trading is often built using limit orders above and below a base price, expecting the market to oscillate and capture many small profits. But in a strongly trending or volatile asset like gold, there is often breakout momentum that driv
GOLD → The correction will trigger growth to $4,000.FX:XAUUSD hit a new record high of nearly $3,977 and entered a correction phase to build up potential before further growth. Despite the local strengthening of the dollar, the upward trend continues thanks to a combination of macroeconomic and geopolitical factors.
Key supporting factors: Ongo
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Displays a symbol's price movements over previous years to identify recurring trends.