Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted structures with 2389 as the resistance target and 2326 as the support target.
We are looking for a retest at 2389 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a...
Hey everyone, let's dive in and strategize for gold this week!
Last Friday, gold experienced a significant drop, plummeting nearly 1000 pips from $2431 to $2333. However, as we kicked off this week, gold quickly regained its momentum, similar to recent trends. Currently, the price hovers around $2360, having recovered 0.64% today, or about $15.
Despite recent...
Hey Everyone,
Another great day on the chart today buying multiple dips inline with our chart idea.
Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level.
The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken...
A lot of traders apply trend lines for trading and making predictions on different financial markets.
Trend line can also be an important element of price action patterns.
However, only few knows that some trend lines are better to be avoided.
In this article, I will share with you the types of trend lines that you should avoid and not rely on for...
FX:XAUUSD is showing strength as a hedge asset. The price continues to indicate to us that it intends to go even higher. The market is cleaned up after the shakeout and the big player continues to play his game.
(Idea from Apr.16: GOLD → There's no limit to the bulls' activity. Support retest)
Bulls form another intermediate bottom at 2365, building a limit...
Gold Trend Analysis: Gold prices have been trending upward since late March, and prices continue to attract buying around these levels. While the uptrend in the RSI has been broken, showing a weakening upward momentum, it is difficult to be too bearish on gold prices at the moment until we see prices finally break out of the uptrend. If the price remains above the...
Today, gold prices maintained their high stance, oscillating around $2385 and briefly approaching the $2400 per ounce mark.
Escalating tensions in the Middle East have bolstered gold's appeal. Recently, there has been a consistent influx of capital towards gold as a safe haven. The metal could potentially surpass the $2400 per ounce threshold again if conflicts...
Hey Everyone,
Last week we stated that after completing all our long range targets, we were seeing price break out of the ascending channel. However we needed to see ema5 cross outside the channel to establish another bullish run above.
The Bullish momentum last week helped clear some of our extended long range targets- BOOOM!!
We also need to keep in mind the...
Hello dear traders!
Overall, gold experienced significant volatility yesterday, it rose more than 1% during the trading session. Weekend news causes concerns to persist as Iran launches a major attack on Israel, raises concerns about Israeli retaliation for borrowing costs, which will create favorable conditions for the yellow metal.
Regarding news impact:...
Hey Everyone,
Great finish to he week completing our last target at 2408 after lock confirmation for the range.
We started the week with 2355 bullish target hit followed with the ema5 lock above 2355 opening 2382 and 2408.
We had the 2382 level hit early this week followed with lots of dips giving plenty of action to get in from every dip, knowing we still...
Gold went through a roller coaster trend on Friday. After the price broke through the 2400 integer mark, it did not pull back. Instead, it quickly rose to 2431, and then turned around and fell straight down to around 2334. Most people were caught off guard by this drop. The sudden plunge of nearly $100 is unexplainable from both technical and fundamental...
The March retail sales data released by the United States overnight on Tuesday exceeded expectations. The U.S. dollar and U.S. Treasuries continued to climb, and for a time precious metals plunged. However, risk aversion then dominated the market and gold and silver returned to their gains. Because the Israeli military said it would respond to Iran's attack....
Hello dear friends!
Overall, XAUUSD continues to be supported by bulls. Mainly due to crises from the Middle East. It is currently trading steady around $2,384, up 0.06% on the day. Do you wonder why gold increased so strongly?
Regarding international market information: Gold prices rose higher at the end of the North American trading session, up 0.22% following...
From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments...
Hello dear friends, after a brief dip last evening, gold is back on its quest for new highs. So far in today's trading session, gold is making another push to surpass the $2,400 barrier, buoyed by a fresh decline in the U.S. Dollar and persistently low U.S. Treasury yields which favor the non-yielding metal.
As such, gold may continue to find demand as a safe...
Hey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.
So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.
Last week we stated we...
Gold couldn't break through the resistance at 2390 yesterday and experienced a price drop down to 2360. Today, gold is moving back towards the 2390 resistance; if it fails to break through, we can expect further price decline to 2340. Otherwise, if the resistance is broken, we anticipate touching prices between 2403 - 2415.
Resistance Range: 2395 - 2400
Support...
(April 19) Gold rose nearly 40 US dollars at the opening, refreshing its recent high of 2,417 US dollars, mainly due to the sound of explosions in Iran and other countries. A U.S. official later confirmed to the media that an Israeli missile hit a target in Iran. This quickly heated up market concerns about the geopolitical situation, providing upward momentum for...
