Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher.
Details - Follow up to 9-1 DRAFT's failure to break out...
By checking the gold chart in the 1-hour time frame, we can see that according to the latest analysis, the price was able to fall from the level of $2393 to $2369 and bring us more than 230 pips of profit! After that, the price was fluctuating in the same range. This morning, with the announcement of Israel's attack on Iran, gold was accompanied by a strong growth...
Hello dear readers,
What are your thoughts on today's gold prices? Currently, gold is trading around $2,318 per ounce, reflecting a slight decrease of 0.17% within the day, with a nearly $5 drop at the time of writing, and it remains on a downtrend.
This precious metal has seen a significant decline following profit-taking actions from investors as it failed to...
Hello dear friends, what are your thoughts on today's gold prices?
Gold has recently experienced a sharp decline, distancing itself from the near $2400 mark to trade around $2311, losing nearly $65 from the same time yesterday.
What caused such a significant drop in gold prices?
Global Economic News:
Ahead of the Federal Reserve's June monetary policy...
Hello dear traders! Let's discuss and strategize our new day!
Overall, XAUUSD experienced a significant pullback today with the price falling above the $2380 and $2365 support levels as mentioned earlier. It is currently trading steady at $2,358, marking a loss of 1.38% on the day, and the downtrend remains popular with investors.
Personally, I still maintain my...
Introduction - As anticipated overnight, bulls didn't put enough fight in at 2365 and ferocious bears took out the 43-year trend line. While it's not even obvious they are finished yet - because Binary Forecasting Service's trend engine still see 2323-27 as possible Monday targets before rebounding - I have strong conviction that gold is getting ready to nowhere...
Gold couldn't break through the resistance at 2390 yesterday and experienced a price drop down to 2360. Today, gold is moving back towards the 2390 resistance; if it fails to break through, we can expect further price decline to 2340. Otherwise, if the resistance is broken, we anticipate touching prices between 2403 - 2415.
Resistance Range: 2395 - 2400
Support...
Today, gold prices continued to rise sharply on the last trading day of the week, increasing by nearly $35 to reach a peak of $2418 before settling around $2410 at the time of writing.
The momentum behind gold's rise remains intact after it rebounded from the 34-day EMA line, with technical factors still supporting the price. Many believe that gold is being...
Hello dear traders! Do you think XAUUSD will increase or decrease?
Overall, XAUUSD continues its corrective trend in today's trading session. But at the same time, a Double Top has appeared on the 3-hour chart, capped below the resistance level of 2330-2335 USD.
It is worth noting that the mentioned support zone is believed by investors to be a very strong...
Hello dear traders!
Overall, it appears that the market maker has strong sellers emerging in the market and they are building limited resistance areas. The market is not yet ready to break above 2400. It is currently trading at $2300, selling since the beginning of the session, highlighting a 1.14% decline on the day. The price is testing the local low and...
Hey Everyone,
Great finish to he week completing our last target at 2408 after lock confirmation for the range.
We started the week with 2355 bullish target hit followed with the ema5 lock above 2355 opening 2382 and 2408.
We had the 2382 level hit early this week followed with lots of dips giving plenty of action to get in from every dip, knowing we still...
Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428
Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....
Hey Everyone,
Yesterday we had EMA5 cross and lock below 2371 opening the retracement range 2355 and 2333.
- Both levels were hit.
Today we had the lock below 2333 opening the swing range levels below, which we said will allow us to buy dips on bounces on the Goldturns.
- Each of the Goldturns withing the swing range gave nice bounces inline with our plans...
Hello everyone, after experiencing a decline of about $90/ounce in the first two sessions of the week, the global gold price has slightly rebounded, reinforcing the belief that the $2,300/ounce level is quite solid. This supports the view that the recent drop was an opportunity to buy for the long term.
Global gold prices have remained high as investors continue...
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test 2393 on market close last week with a candle body close gap to 2408 weighted level. We will need to see ema5 lock to further confirm this.
We will need to see ema5 lock above 2408 to further open the range above or a rejection will follow to find...
Hello dear friends! It's a pleasure to meet you again and discuss with you in today's chat.
As such, XAUUSD continues to consolidate at high levels with continued growth, without a false break of the uptrend channel occurring, it is currently touching $2406 at the time of writing, marking an increase dramatic 1.13% on the day. The growth scenario at this time is...
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...
Hey Everyone,
We started the week high lighting two weighted levels 2408 and 2371 and was looking for either one to lock with ema5 to open the next range. 2393 resistance held on market open with no ema5 challenge on 2408. The rejection followed with the weighted Goldturn 2371 test our bearish target.
EMA5 cross and lock below 2371 opened the retracement range...
