Gold price is currently trading around $1926 as bulls try to move higher after a five-week uptrend. Possible correction is on the cards. XAUUSD needs to close above $1940 resistance for further gains with first target $1950. The support is found near $1917 area, which if broken could send yellow metal to $1900. In a case gold price drops below $1900, March 2022...
Gold price climbed to $1880 today during the US trading session, posting an eight-month high. Any corrective pullback now seems to find decent support near the $1865 -$1855. XAUUSD bulls are likely to aim to reclaim the $1900 for the first time since May 2022. A strong move above $1880 woulf follow a fresh breakout towards $1890 - $1910. The trend is bullish, and...
Gold price reached seven-month highs above $1860 in European session as the US dollar is falling. The fresh upside move in the XAUUSD price could be also attributed to the big technical breakout on the daily chart, breaking to the upside from the ascending triangle and closing above $1825. Previous strong resistance now support lies at $1850. The bullish momentum...
Gold is moving sideways near $1850 during the European session. XAUUSD failed to move above $1860 and corrected towards $1845 earlier today. It may continue to consolidate until tomorrow NFP release. The trend is still bullish, and we look to buy Gold with a test of $1855 - $1858. The next upside target for the bulls is $1860, above which the previous day’s high...
Gold tested $1850 supply zone during the first trading day of 2023 and was unable to break it. Gold bulls seems getting exhausted and we may go for a pullback. The support is found at $1830 which was tested earlier today. A slide below it could trigger a reversal and XAUUSD may test $1820.US dollar rebound will also have impact on the commodity. We consider...
Gold price is currently trading near $1806, extending a pullback from six months high. XAUUSD remains pressured below $1825 which is needed to regain for more upside for the bulls. Fundamentally, Gold weakness could be linked to easing optimism of China reopening after 3 year closure due to Covid-19. The US dollar moving higher as well. Currently we have a triple...
Hello Traders Happy Holidays! Gold started the week with a bullish move and gap up. The next critical resistance is seen at the Fibonacci 23.6% one-week at $1815, which if broken can lead gold to $1820. The previous week’s high at $1825 is the level to beat for gold bulls for further gains before the end of 2022. $1804 offers immediate support to gold buyers. A...
Gold price consolidates recent gains after crossing the key resistances near $1800. The US Dollar rebound would allow Gold to have a pullback. The market awaits the key US Nonfarm Payrolls (NFP) during early Friday. If $1796 support broken another key level is the previous month’s top near $1787. Failure to keep above would open the door to $1750. The previous...
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....
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...
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...
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.
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...
Looks like a cup & handle are forming on the 1hr timeframe. Handle could lead to a jump up to 1950 in the near future. Dont miss out!
Hello dear traders, its been along time, next week analyses will be huge one, as we see gold all that weeks start to grow and grow, as we all now gold grows in crisis as we have one (COVID19), AND IN Probabilities view next week gold will have a huge bullish so prepare yourself to make a good profite, but dont forget there is also probabilities of 10% that...
That is my expectation for the price of gold. If it is implemented this way, the dust will be lowered and visibility will be clearer