GOLDPIPSMAKER

GOLDPIPSMAKER Updated 

Gold holds a minor base but remains capped so far by the crucial 200 daily moving average, near $1797. Currently trading near $1755 with support at $1750. We expect XAUUSD to test $1750 - $1740 area before a move up. $1730 is needed to be broken for gold bears to step in. The immediate upward bias in the range, a below $1688 would activate downside momentum....

GOLDPIPSMAKER

Gold price consolidates on Black Friday. Currently near $1747. $1750 support has tested the bullish commitments and Gold is moving downwards after the break. The next support will be seen at $1730 demand zone. On the upside the bulls may take out the intraday high this week’s high near $1770 if Gold reclaims $1750 - $1760. If broken gold can test this month’s high...

GOLDPIPSMAKER Updated 

XAUUSD falls to one week low amid stronger US dollar, currently near $1740. A move below $1740 would open the path to $1730 which is previous month’s high. On the flip side, the resistance is near $1750 level which can be retested. We expect Gold to move down to test the demand area. The traders may prefer to wait for a fresh catalyst from the FOMC minutes on...

GOLDPIPSMAKER Updated 

XAUUSD retreats further from a multi-month top, $1786. The weekly low, near $1750, might protect the immediate downside ahead of the $1745 area below which Gold is likely to extend the ongoing corrective pullback towards $1730 demand zone. The 100-hour SMA, currently near the $1768 region seems to cap the upside. A sustained move above it would allow gold bulls to...

GOLDPIPSMAKER

XAUUSD currently in range between $1766 and $1787. Gold has breached the rising trendline support at $1775 on a 4-hour time frame. Bears need a four hourly candlestick close below it. The first support is found at $1768. Failure to defend the support might prompt some technical selling and accelerate the corrective slide towards $1750 and $1730 demand zones. On...

GOLDPIPSMAKER Updated 

Gold is currently trading at $1759, the highest level since August 18 amid US dollar sell-off. The next resistance level for XAUUSD to break is $1770. It would open the path to $1800 psychological mark. On the downside $1755 and $1745 would be the next target for the bears. A convincing break below would accelerate gold slide to $1730, the previous month's high....

GOLDPIPSMAKER

XAUUSD broke to the upside after the CPI news release and currently trading at $1740. Next important area to test is $1750 supply zone, which if broken, would open the path to $1780 - $1800. We expect Gold to test $1744 -$1750 zone and drop from there. The expected pullback should be $1730 - $1720. Please support our work with like and comment, thank you.

GOLDPIPSMAKER

Gold price is fading the rebound to $1720 but holds above the $1700 mark. Currently trading $1706. The US Dollar moves higher, but a weak CPI print could revive the downside. Gold is consolidating before possible move higher, depending on the CPI release. XAUUSD is facing resistance at $1710 - $1713. On the downside $1703 - $1700 mark could offer strong support...

GOLDPIPSMAKER Updated 

Gold tested $1703 area twice today and was not able to break it. We may expect XAUUSD to move towards $1710 - $1715 area. $1700 area will offer strong support for the commodity. Above it Gold may advance to resistance $1717. On 4H chart, gold price is moving towards the critical resistance of $1730.00 placed from the October 4 high.

GOLDPIPSMAKER Updated 

Gold hit three week high ending the week at $1680, up by 3%, after the NFP. XAUUSD has been declining for seven months in a row which is caused is by US dollar strength and a tightening Fed. It is not a sign of bull reversal but most probably the latest bounce looks like a retest of the base of it before a further fall. As long as $1617 is holding Gold may...

GOLDPIPSMAKER Updated 

Gold is trading near multi-week high near $1680 amid weaker US dollar. XAUUSD reversed an early European session dip to the $1667 and climbed to a fresh daily to. Gold price confirmed a descending triangle formation after closing Friday above the resistance at $1650. The buyers need to reclaim the previous day’s high at $1682 in order to start a fresh rally...

GOLDPIPSMAKER

Gold is higher on the day as the US dollar falls away while XAUUSD trading near $1712, reaching the high of $1716.89 today. Gold bulls are pushing towards the key resistance area $1730. There is still some way to go up and US CPI will influence the direction on Thursday. In case the US Dollar breaks below the trendline, then gold has the potential to move higher....

GOLDPIPSMAKER Updated 

Gold climbed toward $1650 despite the hawkish Fed tone. XAUUSD could extend its rebound on bigger than than expected NFP today. Gold price is looking to recover further from two-month lows of $1617 area and targeting $1660. The focus now shifts towards the US Nonfarm Payrolls data. The acceptance above $1650 would validate a triangle breakout, initiating a fresh...

GOLDPIPSMAKER

The EURUSD downtrend remains intact, falling below 0.97700 after the Fed, a test of the 2022 lows is on the cards. Once cleared, the next demand zone would be 0.9700 and the October 13 low at 0.9631. We expect EURUSD to test 0.96900 and possible lower as long as the USD continues to rally.

GOLDPIPSMAKER

Gold price is resuming its Fed-induced downside, as US dollar keeps its bullish move. XAUUSD tested 4H resistance near $1670 and failed to break. It is eyeing October lows at $1617. A break would open a way to $1606 - $1600 demand zone. A breach of the latter will send XAU sliding towards March 2020 lows near 1567, followed by the $1500 figure. First resistance is...

GOLDPIPSMAKER Updated 

Gold price is the recent recovery gains at $1650 on the US Federal Reserve day. XAUUSD bulls could target $1660 - $1670 on Fed’s dovish rate hike. On a hawkish surprise, xauusd price could result its broader downtrend, the demand area seen at $1637 - $1642. After the break $1620 and October low at $1617 could be threatened. Yellow metal price to remain firmer but...

GOLDPIPSMAKER

Gold has continued to slide on Monday as US dollar advanced, currently trading at $1634. XAUUSD is heading for its longest streak of monthly losses on record with investors now in anticipation of continued rate hikes from central banks that will cause a strong US dollar. Gold may target the yearly low below $1620 ahead of Fed meeting. The sellers remain in...

GOLDPIPSMAKER Updated 

Hello traders, Gold price fell more than 2% last week. The declining gold price trend stems from the stronger US dollar and increased prospects that the Federal Reserve will continue it’s sharp rate hikes to tame inflation. We consider selling xauusd after retracement higher and a price action signal, near $1675 supply zone targeting $1650 and $1630. Based on...