The gold market has experienced significant volatility in recent weeks but ultimately broke through to new highs with a strong bullish stance. This market's trends are influenced by various factors, including US economic data, Federal Reserve policies, and global geopolitical situations.
Gold Highlights:
Gold prices were relatively stable earlier last week but...
– Previous Weekly candle closed extremely Bullish above recent Weekly Resistances, Friday Daily candle also closed strong Bullish around 2082.900. I’ll be looking for potential Buys above 2088.500 targeting Asian session open formed back on 4th December 2023 around 2096.000 and the Pre Asian session formed on 4th December 2023 aswell around 2110.000. I’ll be...
Here is my expectation for the GOLD for today before printing anything else. I need to see a retest for 2070 levels at least because there is no bottom wicks towards that area to validate those levels as support. The resistance levels there now transformed into support levels and in order to validate it we need retest.
Trend: Bullish
Support: 1983-2007
Resistance: ATH 2148
Value Area: 2007-2025
Stochastic RSI: OverValue (Daily)
Entry Thoughts: Gold needs to pull back into the value area; buying now would mean buying above value price.
Did You Know? Throughout history, gold has been associated with the sun, a powerful symbol of life, enlightenment, and spiritual...
good evening gold gang .. we are back for another week and an attack on all time highs!
A massive expansion on friday means we are sat very high up near ATH with not much data to go off .. so we need to wait for some structure to form
i will need price to come down to the 2050 before i can buy back in to take it up to the highs.
Selling ill need that 4h to...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
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OANDA:XAUUSD
closed with a massive bullish candle on the daily timeframe, and for the first time in history, the market closed above the 2070 key level. You can see that the market stopped right at the resistance zone at 2088. The market bounced off this level two times in a row, at the beginning of December and at the end of the same month. On the daily...
Gold rallies finishing with weekly gains ,ahead of US NFP data
- Gold price increased to $2,088, marking a new significant increase in response to US economic reports and bond yield dynamics.
- Mixed manufacturing (PMI) reports fuel Gold's ascents with ISM data indicating contraction in US manufacturing sector
- Declining US Treasury yields bolster Gold's...
Weekly Chart:
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with...
Hello to all traders. 😎😎
I hope all your deals will hit their targets. 🎉🎉
Currently, the price is in a falling channel. We reached the roof of the channel. The price can go up to the price of 2045 and from that range it starts to fall until it reaches the midline of the channel, which is the blue path that I specified. Gold can also start falling from the 2035...
Seeing a downward channel so expecting further bearish bias from here.
Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday.
We're posting HH and HL formation and expect this to continue through this week.
