Follow the instructions. If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH). Bullish Opportunities: 1. 2500 - 2502 2. 2477 - 2487 Bearish Opportunities: 1. 2510 - 2512 2. 2546 - 2560 (Only if the Strong...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
XAU/USD is currently on a downward trend, with its price dropping from 2455 to 2434. This indicates a consistent decline in the value of gold relative to the U.S. dollar. The trend suggests that the market sentiment might be bearish, with sellers dominating the market.
Gold Futures Rise as Long-Term Outlook Remains Positive Technical Analysis: Gold Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume Bullish Scenario: Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466 Bearish Scenario: Stabilization below 2420...
XAU/USD is currently showing signs of an upward trend, moving from a price of 2383 to 2400. This bullish movement can be attributed to the latest data on initial jobless claims, which may have positively impacted market sentiment towards gold. Investors often turn to safe-haven assets like gold in times of economic uncertainty, and a decrease in jobless claims...
Xauusd Successfully Break Symmetrical Triangle Now Gold Facing Resistance Level 2365 To 2367 We Can Buy Around 2340 Best Support And Retracement Level For Tp 2347 Don't Miss This Buying Opportunity For More Updates Stay Tuned
Hi everyone, I hope you have a great week of trading ahead and enjoyed my previous market analysis, which saw a gain of 370 pips from a short position at 2369 to 2332. For this week, we anticipate a drop in gold prices, though it may not occur immediately and could happen after a few days of range-bound movement. There is strong resistance at the 2331-2336...
Technical Analysis: Gold The gold price reversal has successfully propelled the price upwards from 2302, continuing its ascent towards 2337 and 2342. Current Outlook: The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337. Bullish Scenario: For an uptrend to initiate, the...
Xauusd Now On Trend Line Support Can Bounce Back From There We Have Best Selling Opportunity Around 2380 Otherwise After Break Blue Trend Line We Can Find Selling Opportunity On Retracement For More Updates Stay Tuned
we anticipate a long term buy for crude oil based on the following analysis of crude oil which is an amalgamation of both fundamental technical analysis. WTI crude oil continues its upward trajectory, with hourly prices testing the upper bounds of the ascending channel. If the short-term ceiling holds, prices could still experience a rapid pullback. The 38.2%...
The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%. The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks...
just waiting and seeing how price reacts, there are high possibilities for it to retest and shoot for next support follow me if you like my idea simple and sweet analysis follow my tele channel for more >>Xcraft<<
Technical Analysis: Gold The price will consolidated between the 2321 and 2302 zones. Current Outlook: The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302, and under it will get 2292 Bullish Scenario: For a bullish trend to be activated, the price must break through...
Technical Analysis: Gold The price reached our target from yesterday and still trades at the same zone. Current Outlook: The price is expected to reach 2302 and then push up again. Stability above 2321 would indicate a bullish trend. Generally, the price will consolidate between 2321 and 2302 until a breakout occurs. Market Volatility: Today's market...
The current analysis indicates a bearish trend for XAUUSD. A retest of 2355 is expected. If it fails to hold above this level, the price is projected to decline first to 2328 and, if it stabilizes below 2328, continue to 2306. Alternatively, if it stabilizes above 2355, a bullish trend towards 2397 is anticipated. Additionally, the market is expected to be very...
Technical Analysis The price has successfully followed its bullish trend, reaching our target of 2369. Today's market continues to exhibit bullish pressure, having stabilized within the bullish trend. As long as the price trades above 2357, it is expected to rise to 2369 and 2377. However, a break below 2357 could lead to a decline towards 2347 and 2344. ...
Technical Analysis of Gold In our previous analysis, we identified a resistance level at $2,358 for gold. The price reached this level but subsequently dropped, continuing its bearish trend. Current Week Outlook This week, gold is expected to consolidate between $2,320 and $2,342 before breaking out in either direction. Bearish Scenario: If the price...
The current analysis indicates a Bullish trend for OANDA:XAUUSD , should continue on the secondary channel till 2369, and after that stabilizing above 2369 will continue the bullish trend till 2397. otherwise stabilizing below 2369 will try to reach 2334 and 2306. Key Levels: Bullish Lines: 2369, 2397, 2412 Bearish Lines: 2334, 2306, 2281