After three weeks of consolidation, Gold saw a significant bullish rally last week, with prices reaching an all-time high of 2586. The upward trend looks strong and could continue, with projections pointing towards 2625 - 2630 in the upcoming days. However, a possible downside correction to 2550 might follow. 🔑 Key events to watch this week include Retail Sales,...
we believe in the power of precise analysis. Last week, I predicted a potential breakout for XAUUSD (Gold), closely tracking liquidity zones and key price movements. Fast forward to today, and the market followed our forecast with a significant price surge! 📊 💥 The liquidity zone triggered a bullish move, exactly as expected! What can traders learn from...
Over the past three weeks, XAUUSD has been exhibiting a slightly upward, sideways movement, forming a classic Ascending Triangle pattern. This formation is often indicative of potential bullish pressure, signaling a likelihood of an imminent breakout to the upside. Key Price Zones & Pattern Analysis: The support zone around 2490 has been instrumental in halting...
In the last week of August, Gold (XAUUSD) might take a pullback down to the 2450 price zone. Before entering the last leg of the 3rd quarter, XAUUSD could absorb the buyers waiting down at 2450. Here’s what you need to know: 1. Pullback to 2450: A Key Buying Zone 📉 Icon: Gold is expected to revisit the 2450 support level, which has proven to be a critical zone...
Summary: The third quarter has kicked off with a bullish sentiment, as the first week of July saw significant upward momentum. Gold (XAU/USD) is targeting to surpass the May high of $2450, with sights set on the $2500 mark for the third quarter. As we move into the second week of July, the bullish march is expected to continue, although some retracement is...
Last week, USDJPY hit a new low at 146.220, sparking hopes for a potential recovery toward 147.750. However, strong selling pressure is anticipated around the 147.750 mark, indicating a dominant stance by sellers in the current market. 🔍 Key Points: Recent low: 146.220 Potential recovery: Up to 147.750 Strong selling anticipated at 147.750 Sellers seem to be in...
AUDUSD faced resistance while attempting to breach the 0.67 level last week, experiencing a setback. However, a notable accumulation of buyers is anticipated around the 0.6568 mark, with a significant long-term support zone lying close at 0.65750. 🔍 Key Highlights: Failed attempt at 0.67 breakout Potential buyer interest near 0.6568 Strong support zone at...
GBPUSD remained range-bound last week, oscillating between 1.27 and 1.26 without a decisive trend. However, a notable accumulation of buyers around the 1.26 mark hints at a potential bullish momentum initiation from this level in the coming week. 🔍 Key Insights: Sideways movement: 1.27 to 1.26 Buyer interest at 1.26 Expected bullish momentum from 1.26 Potential...
Last week, EURUSD hit the 1.10 mark but saw a decline on Monday, dipping close to the crucial zone of 1.08. This zone holds significant importance and could potentially exert downward pressure, possibly driving the price toward the 1.07 level throughout this week. 🔍 Key Observations: Recent high: 1.10 Monday's dip near 1.08 zone Anticipated movement towards...
Gold surged to an all-time high of 2150 at the start of the week, but a potential retracement toward the 2040 mark is expected to attract more buyers. This week, there's an anticipation of a rise back to the 2080 level, with the Non-Farm Payrolls (NFP) report on Friday likely to set a new trajectory for gold's movement. 🔍 Key Points: Record high: 2150 Expected...
Could this lead to a potential rise in price towards the 2005 mark from its current position at 1987? 📈 Keep an eye on the charts as this pattern unfolds! 💰💡 #ForexTrading #TechnicalAnalysis #XAUUSD 🌟
🌟 Exciting developments in the gold market! After a dip in the first week of November, gold has shown resilience, bouncing back from a strong support zone around $1950. 🚀 📉 This week, keep an eye on the $1977 price zone – it could pose a significant resistance. However, a potential pullback to the $1930 to $1940 range might be in the cards, setting the stage for...
Hey Traders! 🌟 Exciting updates on #XAUUSD for the coming weeks: 🔍 Current Status: Gold faced a 1.5% dip this week, closing at $1962. The market has been buzzing since the Gaza conflict, with strong demand seen since October 7th. 💹 What's Next?: Analysts anticipate a potential correction, eyeing the $1932 level. This marks a 61.8% retracement level and aligns...
✨ Hello Gold Enthusiasts! ✨ This week, the gold market has been an exciting journey! We observed a fascinating sideways movement between the range of $1951 to $1994. 📉 What caught our attention is the formation of a distinctive triangle pattern, indicating a potential price breakout! 📈 As we approach the weekend, all eyes are on the coveted $2000 mark. Will Gold...
Today, as we delve into the depths of market dynamics, our eyes are fixated on XAUUSD, where the echoes of 1945 resonate strongly. Within this historical framework, the price zone of 1915 emerges as a steadfast pillar, offering unwavering support to the resplendent world of gold. 🏅🌟 🔮 Price Update: XAUUSD, in its pursuit of greatness, finds itself navigating the...
📈 Market Recap: In the second week of October, the Bulls asserted their dominance in the trading arena, shaping a powerful narrative for the XAUUSD pair. Notably, a robust support at the 1830 price zone and the emergence of an Ascending Triangle pattern over the last two years on the weekly chart have set the stage for compelling market dynamics. 🔍 Current...
1️⃣ Crucial Resistance Alert! 🚨 Gold traders, heads up! A robust resistance zone is looming between 1905-1910 for XAUUSD. This level has historically proven to be a strong hurdle. Keep a close eye on your trades as we enter this zone. 2️⃣ Bullish Vibes! 🐃✨ Gold has had an impressive bullish run throughout the week! Bulls are in control, making this an exciting...
Dive into the heart of the financial battleground! Last week witnessed a daring recovery by the Bulls, echoing their resilience after a formidable September slide. 📉 Amidst the storm, they found their ground at the formidable 1832 mark, an emblem of their unwavering spirit. 🔮 What Lies Ahead: The upcoming week promises a tale of challenges and triumphs. Brace...