By checking the gold chart in the 1-hour time frame, we can see that based on the previous analysis, the price reacted to the specified supply levels and is currently trading in the range of $2381! Note that the price has attractive ranges in front of it to fall towards them (to collect liquidity)! These levels are $2363, $2339 and $2320 respectively!
The...
(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...
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...
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 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...
FX:XAUUSD is trading exclusively in a bull market. Quick and temporary reactions to the news are quickly exhausted and buyers regain the upper hand on the metal's price.
Yesterday the price made another retest of the support at 2330, which has the status of an intermediate bottom. This area held the price and after that the market returned to its true...
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...
Hello friends!
Currently, Gold prices are struggling below $2,400 early Wednesday after seeing a quiet close a day ago. Gold makes another attempt to regain the $2,400 level, as the US Dollar, following a slight pullback in US Treasury yields, awaits a new series of speakers from the US Federal Reserve.
According to CME Group's FedWatch Tool, markets have placed...
Dear Traders,
Even after dollar demand increased, the dollar kept its bullish momentum. We now can see Gold dropping and making a major correction possible towards 2280$ and then 2250$. There are two entries to consider. Trade wisely.
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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...
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 friends, during the early hours of the last trading session on Friday, gold prices surged by $35, once again surpassing the $2400 resistance level. However, this upward trend could not be sustained, and prices quickly retreated to stabilize around the $2390 mark at the time of this writing.
This marks the second rapid ascent and subsequent decline for...
Hello everyone, please summarize and strategize for the new week with me!
So what is the reason why gold prices increased so sharply?
Higher gold prices only stem from escalating geopolitical tensions in the Middle East after Israel is planning to retaliate against Iran after it launched a major attack over the weekend.
Regarding the new outlook for XAUUSD:...
Greetings, esteemed investors. Today we stand at a crossroads, pondering whether to bask in the glow of gold once more or to reel in our sails.
Yesterday, gold experienced a tumultuous shake-up, with its price briefly tumbling to the depths below $2325. However, in a dramatic turnaround reminiscent of a thriller, it swiftly regained its luster, climbing to a new...
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...
Gold prices continue to climb today, driven by a heightened demand for safe-haven assets as tensions between Iran and Israel escalate, prompting investors to flock to the gold and U.S. dollar markets to protect their wealth.
Despite the strengthening U.S. economic indicators and the rising U.S. dollar index—which raise concerns that the Federal Reserve (Fed)...
The current selling zone for XAUUSD is between 2370 and 2375. This suggests a market sentiment favoring the selling of gold against the US dollar within this price range. Traders may consider setting take-profit levels at 2360, 2350, and 2325, indicating potential exit points where they aim to lock in profits as the price declines. Meanwhile, a stop-loss order at...
"The gold market has shown a promising buy signal at a price of $2388.20. This indicates a favorable opportunity for investors to consider purchasing gold at this particular price point. With a targeted trajectory, aiming for $2400 and $2410, this buy signal suggests potential upward momentum in the market. However, it's crucial to mitigate risk, and setting a...
