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...
Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
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...
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...
Hello dear friends! Today, gold is on the rise again, well-protected as the bulls successfully maintain prices above the $2300 support level.
Gold has climbed nearly 150 pips from the same time yesterday and is currently hovering around the $2335 mark, near the EMA 34 and 89 lines. The short-term trendline continues to favor buyers. As long as the $2300 support...
OANDA:XAUUSD took liquidity below the weakly low. On the daily timeframe, the price formed an inside price action pattern. As we can see, the market rejected the support level by creating a long-tailed bar. Since we have upcoming news today, there is a chance that the price may pull back. I think the market might keep moving upward, approaching the resistance...
Dear friends!
On the world market, gold price reached 2,320.35, down 3.37 USD. Part of the reason for the price drop is that hedge funds have reduced their allocation to gold, while some tensions in the Middle East have cooled slightly in recent days. The downtrend could continue with a break from the bullish structure around $2,380.
Overall, the downtrend is...
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 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....
Hello dear friends, let’s recap last week’s gold prices and strategize for the upcoming week.
Overall, last week gold saw no startling fluctuations, adjusting downward from $2400 to $2338. This decrease followed a cyclical pattern in gold’s movement and was within expected trading behavior, so there's no immediate cause for concern about this metal.
In the last...
Hello traders!
OANDA:XAUUSD The bulls seem to be holding firm in the market, with an ascending triangle forming. The uptrend could continue with a break of $2,330.
As I mentioned: An ascending triangle is forming, price is compressed at $2330, however price is quickly breaking out towards a likely target where bears are holding $2335 - $2340, In the current...
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...
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...
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 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,
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...
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...
