My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2336.5
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2345.8
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The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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If you saw my post about snp500, the best solution would be to buy gold, silver and other precious metals that have been accumulating at the top for quite some time and are trying to get out. I have already started accumulating this position
The flag pattern on the high time frame (D&W) has been broken .
In the coming weeks, the price may continue to strengthen until the end of the month with a strong bull candle.
The targets of wave 5 are at the 2100 - 2300 levels.
Spot Gold recovered some of the ground lost on Wednesday and trades near its daily high at $2,350.69. XAU/USD showed little reaction to Thursday’s headlines as the European Central Bank (ECB) unveiled its decision on monetary policy. On the one hand, the central bank left its monetary policy unchanged, as expected. On the other hand, officials maintain a cautious...
As long as the price has not crossed 2070 again, we can look for the optimal entry zone where the third floor is located. Maybe this opportunity will happen on October 16, 2023 at the price of 1800. If the price passes 2070 before reaching this range, it will mean the end of the correction and the possibility of eating the last ceiling will be very likely.
i feel that it needs to return down to a more respected level to create proper market structure, however with the economical and political events going on, gold is being used as a sort of safe net. this in my opinion is a bubble that may pop at any time but who knows how big itll get before it pops. lets get it though
Trading psychology is actually a very complex subject. It should be said that subjects related to human nature have a certain degree of complexity and dialectics.
Trading is actually a chain of links. If you do not realize the profound impact of human nature on trading and its results, then there is a high probability that you will be out with a loss in...
In our last analysis, we had anticipated the OANDA:XAUUSD gold price to reach the 2300-2350$ zone. The price has reached our target and after a little correction, the price made a move to the 2400 area.
With everything happening worldwide, the 2500$ zone is not far from reach.
Our technical view has been shown in the chart.
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Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price started to move up in rising channel, where it first broke $2200 level and declined to support line.
But soon, Gold reached $2200 level, broke it one more time, and continued to move up inside rising channel.
Later price reached $2350 level and at...
According to the long-term analysis of gold, as you can see, the pullback of the descending channel of the cup handle was completed internally and the next micro-waves were analyzed in a separate post.
But this rising wave that started in 2015 can continue its last leg of its ascent in the first range of 1.618, the ratio of wave 1 to 5, up to the range of...
Given the strong uptrend of gold and breaking the resistance at 2350, we can expect the next price ceiling to be in the range of 2370 - 2375, and gold to move towards this range.
Key resistances:
2350
2370 - 2375
Key supports:
2325 - 2330
2300 - 2305
Fundamental:
Wall Street Awaits Earnings Reports, Oil Eyes Global Demand, CPI and Central Bank Meetings in...
Fundamental and technical analysis of global gold (XAUUSD) - April 10, 2024
In the analysis on March 27, we mentioned how global gold has room for further record-breaking. Gold continues to conquer new peaks. On one hand, intensified geopolitical tensions and, on the other hand, demand for the yellow metal as a safe haven, particularly by major global banks, have...
