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...
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...
Hello everyone, what do you think—should we buy or sell gold today?
Currently, gold is trading around $2,323 per ounce, showing little fluctuation since the start of the day, with a continued downtrend. Gold has weakened as tensions in the Middle East show signs of easing and investors are taking profits and reducing leverage in their trades of this precious...
In times of geopolitical turmoil or war, investors often seek refuge in currencies perceived as safe havens. several currencies are considered safe harbors due to their stability, liquidity, and low risk of depreciation. Some of the notable safe-haven currencies include:
1-US Dollar (USD): The US dollar is often regarded as the ultimate safe-haven currency due to...
The world gold price just went through a bad session when it dropped to 68 USD/ounce after just one trading session. Investors sold off massively, causing the precious metal to quickly fall to close to $2,300 per ounce. Investors witnessed the largest single-day drop in more than three years. Gold futures price dropped sharply by 65.6 USD/ounce (equivalent to...
Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
The price of gold has dropped to near the 2,350 mark in the European trading session, continuing its downward trend after breaking through the SMA lines in the Asian session on Monday. The prolonged decline in gold prices may be attributed to the increase in US Treasury bond yields, coupled with a subdued market sentiment following a weekend without any escalation...
(April 19) Gold rose nearly 40 US dollars at the opening, refreshing its recent high of 2,417 US dollars, mainly due to the sound of explosions in Iran and other countries. A U.S. official later confirmed to the media that an Israeli missile hit a target in Iran. This quickly heated up market concerns about the geopolitical situation, providing upward momentum for...
Salutations, dear friends! Let's embark on a journey to uncover the tale of today's gold prices.
As Tuesday's session unfurled its golden curtains, we witnessed a rapid retreat in gold's valor. At this juncture, this noble metal has forfeited nearly $26, circling around the $2300 mark with a descent of 1.08% on the day.
This downturn has been etched into the...
Hey Everyone,
Please see our updated daily chart idea after successfully completing our last daily chart idea.
We are currently seeing price test the updated Goldturn ascending channel top. We are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the...
Hello everyone. As of this writing, XAUUSD has declined by $35 in the early hours of Monday, currently fluctuating around $2356 with the outlook of further decreases in the short term.
From the charts, gold is under bearish control after breaking through two support levels. It's undergoing a correction following a strong price increase last week, beginning to...
Hey Everyone,
Please see our 4H chart update from Sunday with just our swing range updated.
We had our Bullish target hit at 2389 start of the week followed with no ema5 lock above, confirming the rejection into the bearish target.
Bearish target at 2354 was hit followed with a cross and lock below this level opening the retracement range at 2326, which was hit...
Global gold prices have surged amidst prolonged tensions in the Middle East, despite strong economic data from the U.S. The precious metal's price rose sharply as Israel indicated its readiness to retaliate against attacks from Iran, ignoring calls for restraint from Western nations.
In this context of unrelenting geopolitical tension, global gold prices may...
The price of gold surged to nearly $2,320 at the start of Thursday, indicating a slight recovery in the market after previous challenging periods.
However, upon examining the 4-hour chart, it's evident that the potential for price increase remains limited. The Simple Moving Average SMA 20 is trending below the Simple Moving Average SMA 100, signaling unclear...
By checking the gold chart in the one-hour time frame, we can see that the price started to fall based on our analysis and hit all the targets of $2334, $2324, $2319 and $2303, and the total yield of this analysis so far is more than 1000 pips! I hope you have made the most of it!
The demand levels are $2296, $2283 and $2275 respectively! The supply levels are...
FX:XAUUSD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout
Idea from April 19: GOLD → One step away from a correction? What's going on?
Selling since the opening of the session. Price is testing local lows...
By examining gold in the 1-hour time frame, we see that according to the latest analysis, exactly as we expected, gold faced an initial negative reaction when it entered the specified supply range, and today, with the opening of the market, this drop continued. We saw that the price was able to correct up to $2351 with more than 400 pips and collected the...
Hello all dear traders, what do you think about the next trend of world gold prices at the end of today's trading session. Let's review some notable news and plan our new day's strategy, everyone!
Overall, the uptrend of XAUUSD remained intact without too many significant fluctuations. There was a time when gold reached 2410 USD and fell to 2373, marking a...
