Gold prices fluctuate sharply up and down but follow a gradual upward trend and sometimes reach close to 2,400 USD/ounce.
Geopolitical tensions in the Middle East tend to increase when Israel announces it will retaliate against Iran. According to Qatar's Al-Jazeera TV channel, a senior US official said that Israel could attack targets deep inside Iranian...
The entire precious metals sector, including Silver, is currently of great interest, not just gold. For silver, we currently assume that we are probably nearing the end of Wave (iii), which can reach a maximum of 28.51 dollars. We are currently within our target zone for the Wave 5s, so it will likely be challenging to break through and invalidate the 461.8%...
Gold has stepped back and corrected, and the price has fallen below the short-term moving average. The current high point is fixed at the 2300 line, and the decline will continue.
Pay attention to the 2240 first-line long position, stop loss 2226, and target above 2260. The main trend is still long. For adjustments after the small cycle rise, just follow the main...
Gold opened lower early and then rebounded, but we need to further pay attention to the support of safe-haven gold. If we are long on gold, we will first put it at the next support level, because after all the recent negative adjustments, whether gold will continue to rise to new highs or continue to fall back to lows, the main trend is long.
If gold waits for a...
The market of gold fluctuates at high levels. Do not chase long at high levels. Before breaking through new highs, the short-term market will continue to be short. If gold opens in a hurry, it is generally not possible to directly chase the rise. There is a high possibility of falling back after rising high.
Gold has been oscillating at a high level for 30...
The gold has been flying on a 90° trajectory since the gap it created around 1840 , you must have heard that all wicks needs to be filled so does all the gaps that's just the Fact , Gold has come a long way from 1840 to 2260 , most of you might be thinking that now interest rate cuts are about to happen to it'll make sense that gold will go more high up but that's...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
As a trend-following trader, I am not a "target price" guy.
But let's try this time anyway.
OANDA:XAUUSD might reach $2350 this time, based on the pattern shown on the chart.
As TVC:GOLD reached the first price target that I wrote on March 30, 2024 (see the related ideas section) I closed half of my position.
For another half, I still hold a long position while moving up the trailing stop.
Now let's find the next target for OANDA:XAUUSD
As shown on the chart, I expect the next stop is around $2500.
Silver needs to consolidate, and since the dollar will fall since Japan, South Korea and USA's Yellen agreed this week on it, they need to slam silver first to blunt the ascension and to shake out paper hands.
The Macd signal in TF 4H is above zero and is still bullish, so it is still waiting for bullish momentum to return along with an input signal from stochatic rsi. However, it could be a pullback to continue down.
i expect Gold to go and stop hunt the sellers before makings its way down to start collecting the resting orders for the buyers that are waiting for NFP. Don't get caught in the drama of Gold, it has a clear plan.
Hey there on 1htF the Gold has rebound from 2371 and will reach again 2390 yesterday was fall back from 2394 that was the support level but we can now see will go upside continue
