After a breakout of a solid horizontal resistance on a 4H, Gold is retesting that today. Approaching the underlined area, the price formed 2 bullish patterns: a falling wedge pattern and a double bottom. 2 bullish breakouts: a violation of a trend line of the pattern and a neckline, indicate the strength of the buyers. We can anticipate more growth today at...
In this week's XAUUD analysis video, we delve into the recent surge in Gold prices amidst economic uncertainties in the United States. The previous week witnessed a notable uptick in Gold prices amidst the struggle of the US treasury to gain traction. Additionally, the University of Michigan survey revealed a pessimistic sentiment among Americans, with Consumer...
Gold was sold near 2193. tp2181. sl2202 TVC:GOLD MCX:GOLD1! OANDA:XAUUSD
News: The United Nations Security Council passed a resolution clearly calling for an immediate ceasefire in Gaza and the release of all hostages. Demands an immediate ceasefire during the Muslim fasting month of Ramadan, which ends in two weeks, and the release of all hostages held by Hamas in an attack on southern Israel on October 7 last year. The deadline ends...
Gold prices hide huge buying opportunities. 2190-2194buy 2183-2187SL tp2207-2212
Judging from the recent trend of gold, there is no doubt that the buying power is stronger, so overall gold maintains a bullish pattern.However, in the short-term structure, gold also falls sharply during its rise, which brings considerable difficulties to our transactions.I believe that in the past two days in gold trading, many people should have lost money...
I see a very nice bullish setup on Gold: After a test of a recently broken daily structure, the price broke and closed above a resistance line of a bullish flag pattern on an hourly time frame. I expect a pullback now. Goal - 2354 ❤️Please, support my work with like, thank you!❤️
Daily/4h/1h time frames analysis for Gold. Price action. Important key levels. Trading plan. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
Gold (XAUUSD) is being rejected since Friday right at the top of the emerging Channel Down and that is a Lower High. Even though Gold has officially started a new long-term Bull Cycle, it doesn't mean that the market won't deliver medium-term corrections that are technically much needed in order to get the trend going. Quite the contrary, the current Bullish...
Gold hits the resistance level, and the indicator needs to be repaired. Go short first and pay attention to the support near 2352. Go long if it does not fall below. The rebound resistance is near 2368-2373. If it cannot reach the breakthrough, go short again, with the target near 2343-2337
Gold had a very bullish end of this week. The market closed, attempting to violate a significant daily resistance cluster. Your strong bullish signal next week, will be a bullish breakout of 2361 level and a daily candle close above that. It will initiate a strong bullish continuation of the market at least to 2391 level. ❤️Please, support my work with...
We dive deep into the recent movements of Gold (XAUUSD) following the release of the US Nonfarm Payrolls (NFP) data. On Friday, Gold initially surged to the $2,310 zone after the NFP numbers missed markets' expectations, signalling a cooling jobs market. However, bears quickly took control, pushing the price back into a demand zone identified on the chart. The...
Multiple time frame analysis for Gold. Forecast, technical outlook. Trading plan. Key levels. Price action. ❤️Please, support my work with like, thank you!❤️
Gold is retesting the trend support line. Combining the pattern and indicators to analyze, the probability of breaking the support is greater, so the trading strategy is to short, tp2301
There is a high probability that the Asian session will rise tomorrow, so if you want to trade in the Asian session, you can go long on gold first. First look at the area around 2327-2332, where there is resistance, followed by 2336-2343. The probability of breaking through this position is not high. If you really want to break through, you must first test the...
Gold (XAUUSD) completed on Friday the 2nd straight red 1W (weekly) candle for the first time since mid February. That was when the enormous 9 week rally started that only had to show 1 red week. Even though the long-term pattern is a Bullish Megaphone, the bad news for Gold is that this correction may be far from over and the US10Y (orange trend-line) makes a good...
Here is my latest structure analysis and important key levels to trade on Gold next week. Resistance 1: 2354 - 2360 area Resistance 2: 2392 - 2432 area Support 1: 2215 -2264 area Support 2: 2194 - 2222 area Support 3: 2146 - 2165 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
I would say that the month of April was very weak for Gold. Even though the market updated the ATH and we saw quite a strong rally at the beginning of the month, bulls quite quickly lost the momentum. We can even conclude that the rally finally stopped and the market started to consolidate within a horizontal range. For the last 10 days we see a steady shift...