Bullish Setup on Gold: Correction hints continuation opportunityOANDA:XAUUSD is trading within a well-defined ascending channel, signaling strong bullish momentum. The price has consistently formed higher highs and higher lows, which aligns with the continuation of the uptrend. The recent pullback appears to be a healthy correction within the overall uptrend ,
About Gold
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Gold - 25% crash to 2650, then pump to 7000! (must see)A crash to 2650 is very likely in the next few weeks! Why? Let's take a look at the most popular oscillators - RSI, MACD and STOCHASTIC.
Let's start with the RSI indicator on the monthly chart. The RSI indicator moves between 0 and 100. What we can see here is a strong horizontal resistance at th
Lingrid | GOLD correction Phase Following RESISTANCE RejectionOANDA:XAUUSD market bounced off the resistance and dropped, creating approximately a -6% correction after the previous bullish momentum. Price action formed a gap which was subsequently filled. Notably, this corrective move mirrors a similar pattern observed at the beginning of this month when the
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Lingrid | GOLD Weekly Analysis: CORRECTIVE Phase after the SurgeOANDA:XAUUSD market initially rallied during the week, reaching the key 3500 level. However, we have a corrective move, showing a bit of profit taking as traders are looking to the tariff noise for direction. The market made a sharp decline resulting in a long-tailed bearish bar on the weekly timef
Lingrid | GOLD Wednesday's HIGH-LOW to Determine Next DirectionOANDA:XAUUSD continues its consolidation after falling from the resistance zone. It consistently respects the downward trendline, repeatedly bouncing lower from this barrier. The market recently formed a triangle pattern and broke through it, though notably without triggering major sell-offs. Curre
No Setup, No Trade: Staying Sane in Gold’s MadnessToday, Gold hit $3500.
And while that may not sound like a shock on its own, what is unprecedented is the fact that in the past 10 days, Gold has climbed 5,000 pips.
That's not a normal rally.
That’s a vertical explosion.
And yes — it is looking “overextended”, but so it dit at 3300...
But then it w
GOLD - Price can continue to move up inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Long time price rising near the support line, but later it made a correction movement, breaking this line.
Then price had a sharp impulse that confirmed bullish structure and started to grow inside
GOLD → A false breakdown of support will lead to growthFX:XAUUSD is trading within the range of 3370-3270. Since the opening of the session, the price has lost its potential for further decline. There is no news on Friday, so after retesting the liquidity and support zone of 3283-3270, the price is likely to return to growth.
Gold stabilizes near
GOLD → The chances of a further decline are growing...FX:XAUUSD continues to test support at 3270 for a breakout. Any de-escalation of the conflict between the US and China could trigger a price drop. But it's not that simple...
Gold under pressure amid tariff war and ahead of US data
On Monday, gold is testing last week's low of $3260, remaining
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Displays a symbol's price movements over previous years to identify recurring trends.