Gold shows several positive signs after testing a solid horizontal support level. There is a clear indication of a bullish trend with the breaking of a resistance trend line and a double bottom pattern. We anticipate an increase in value with a target of 2352.
Gold Price (XAU/USD) Is Testing an Important Resistance Zone On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle - shown in green), the price of gold dropped sharply (shown by a black arrow) on April 22-23. 2) Then, the price found...
XAUUSD, indicating a sell zone at the current price of 2355. This presents a strategic moment for traders to capitalize on potential market movement. Setting multiple take-profit levels, such as at 2350, 2340, and 2330, offers a layered approach to securing gains at different price points, ensuring flexibility in profit-taking as the market reacts. Meanwhile,...
In this analysis, we'll be focusing on the H2 timeframe for XAUUSD, with key levels at 2327.90 and 2318.22. If the price breaks above 2327.90, the target is set at 2342, indicating a potential upward movement. Conversely, if it breaks below 2318.22, the sell target is identified at 2304, suggesting a bearish trend. Let's delve deeper into these levels and...
Gold / XAUUSD has potential for a small bullish pump over the next few days; followed by a bearish correction. We have some Buy Signal Momentum currently going; it hasn't ended yet but this current bar is displaying it; this implies now is still considered to be a good time to buy but may not be tomorrow! The buy rating started at 1☆ and is closing at a 2☆; this...
#GOLD.. a perfect move as per our video analysis, and market perfectly holding 2312 as i told you.. now market make another fresh supporting area that is 2314 15 keep close it guys because if market hold it then again bounce expected from here, good luck trade wisely
price want came back to the FVG 1H and rise at last sell stop
XAUUSD Consolidating in 4H. Waiting for Gold to finish consolidating. Should we buy? Should we sell? Put your comments. I'm open for ideas. Thanks!
Once gold breaks any of the marked trending line I think we should be moving upward
Preferred direction: BUY Comment: As a result of last week, gold showed local growth and closed above the level of 2343.869 . This trend is likely to favor buyers, especially in the short term, as we expect the publication of US inflation data on Wednesday, which is likely to particularly affect short-term trends. You need to take this into account and be...
GOLD is currently trading in an ascending channel, making higher highs. It broke and closed above the strong resistance level which is 38.2% fibo retracment level as well. The market is currently consolidating following the bullish move. We anticipate a 38.2% pullback to the support level and a trend continuation potentially making new...
#GOLD... A perfect move as per our video analysis, first of all congratulations to all. and now we have 2313 on chart as immediate supporting area for now, keep close it guys because its your key level now, if market hold it then further bounce expected from here, only buying invalidate below 2313. good luck trade wisely
After gold made a breakout buy last week, now is the time for gold to retest. Apart from that, on TF H1 there is a lower base that has been broken out and a short M pattern is visible.
Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️
Take a look at our analysis for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2307.567. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2337.511 level. P.S The term oversold...
Gold prices edged up slightly in Wednesday's Asian session, getting small support from safe-haven demand due to geopolitical tensions but coming under pressure from recent hawkish comments by officials. Fed officials Gold was supported by some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little...
According to karmic law or cyclic law or mathemtical law the price is already predestined to move a certain direction. How can we predcit this? the method is simple as shown above, Time equals space squared by the fibonacci equation. next stop 2320
H4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 07 May 2024. -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for...