Gold technical analysis: Yesterday's gold market trend was highly consistent with our expectations. We emphasized the change in the rhythm of long and short, and believed that there is a possibility of rising after the decline. In fact, after the second rise, the price of gold failed to break through the high of 2331 for the time being, and finally closed around...
Gold (XAU/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,342.54 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 2,359.96 which is a pullback resistance that sits above the 50.0% Fibonacci retracement level. Take profit is at...
Looking at the trend in the 1-hour time frame, global gold has broken the bottom support of the triangle pattern in the range of 2371-2382 and now seems to be targeting the previous floor support in the range of $2324.
Gold regained bullish traction and broke above the $2,400 mark, showing some short-term consolidation for now. Technical indicators retreated from extreme overbought levels, suggesting that some decline may be imminent in the short term. However, the possibility of a slide higher is yet to come, as XAU/USD refuses to give up while developing its moving averages on...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2358.67 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 2399.92 Why we like it: There is a pullback resistance...
Hello,Traders! GOLD broke the rising Support line and made a Long awaited correction but Now it is locally oversold And I think that we will See a local bullish rebound From the horizontal support of 2320$ Buy Like, comment and subscribe to help us grow! Check out other forecasts below too!
TVC:GOLD Buy GOLD in 2355-2357 SL:2348 Target: 2370-75
Looking to sell gold. Take it at your own risk. Already in this trade, will keep adding more positions.
By examining the trend in the one-hour time frame, gold has an important support interval in the range of 2292-2297, and on the condition of maintaining and not recording any close candle time of one hour below it, the rate can reach the high level resistance in the range of 2340 increase the dollar.
4h/1h time frames analysis for Gold. Price action analysis, key levels. Potential scenarios. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
Price is edging closer to our 'selling confirmation' zone. A safe entry for those with small accounts.
XAUUSD H4 We gapped downside on market open and sold off somewhat during the eastern session, this resistance/psychological price of $2400/oz seems to hold well for the moment. Support indicated at $2360. This support has also held for a little while too, don’t fix it unless it’s broken, we can simply look to trade this 400 point range until either resistance...
Setup Today XAUUSD for 22/04/2024 Setup Today XAUUSD for 22/04/2024Setup Today XAUUSD for 22/04/2024 Setup Today XAUUSD for 22/04/2024 Setup Today XAUUSD for 22/04/2024
Hey, what's up, traders? In this video, I want to explain your complete thought process and basics of the AMD concept of the analysis for this gold trade which turned into a successful call !!
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...
The decline in the price of gold can be attributed to several factors. One of them is profit-taking by investors, considering that the precious metal has seen a 20% increase over the course of a year. This may have prompted some traders to close their positions to cash in on gains. Additionally, Hedge Fund Managers may have deemed gold as extremely overvalued,...
We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis...
Hi Everyone, it seems GOLD will have a correction before continuation to go higher for end of Q2 , we are lucky if we have a chance to get cheaper gold on 2306 2250 2150 dont forget also buy a real gold because it will safe your asset watch your risk management. Good Luck. i try to always we will keep you all updated . Please don't forget to like, comment and...