GOLDPIPSMAKER

GOLDPIPSMAKER

Hello Traders! Gold price remains sidelined near $1712 to start the week. We may expect a pullback to 200-HMA , a break of which would allow buyers to target $1745. Trade idea: selling after a retracement higher and price action signal while XAUUSD remains under $1765 resistance.

GOLDPIPSMAKER Updated 

Gold and Silver suffered heavy losses and dropped to their weakest levels since September 2021. The #DXY strength amid growing recession fears and the worsening demand outlook for the yellow metal caused precious metals to close in the negative territory for the fourth straight week. Gold has support at $1730 - $1717, while resistance is at $1752 - $1764 ....

GOLDPIPSMAKER

Hello, Traders! Gold is attempting a recovery after dropping to $1730 support zone yesterday. XAUUUSD climbed above $1740 comfortably amid weakness in the DXY. The declining 200-period Simple Moving Average is found at $1787 and adds to the downside filters. The ongoing recovery can be stopped at $1750 to $1780 followed by a sell-off. Gold is oversold but the...

GOLDPIPSMAKER Updated 

Gold is making a recovery on Tuesday but it may be limited by $1820 supply area. Acceptance above the falling trendline resistance at $1821 is critical to unleashing the further upside to $1830. In a case where XAUUSD rises past $1830 it can rally to the mid-June swing high near $1857. However, the recovery appears limited as the main trend is still bearish. A...

GOLDPIPSMAKER

Gold price moved lower after a failed attempt to sustain above $1840 resistance on Monday. XAUUSD is expected to extend the losses and currently trading near $1820 support. A drop below June's low of $1805 would increase the move beneath $1800 over the next few weeks. We will be looking to sell Gold after a pullback higher and after price action sell...

GOLDPIPSMAKER

Gold price moved higher from a bullish pin bar which formed last week near $1782 support. XAUUSD advanced for the fourth trading day and currently is near $1856 amid US dollar weakness. Although, it is rallying, the commodity is still exposed for the selling pressure while the price remains below the recent bearish pin bar signal under $1877 - $1895 supply area....

GOLDPIPSMAKER

XAUUSD registered its largest one week loss since November as safe-haven demand eases. Gold was down 2.8% last week as optimism over the peace talks lifted sentiment in wider financial markets. $1920 acts as the first support. With a daily close below it XAUUSD is likely to test $1890 - $1880 area. We are considering buying Gold on an retracement lower and after...

GOLDPIPSMAKER

XAUUSD price moved higher and closed above both $1831 and $1853 resistances on Friday. Short term trend is bullish with possible targets $1877 and $1900. We would consider buying Gold after a retracement lower and after price action signal, near $1805 - $1831 demand areas.

GOLDPIPSMAKER

Gold price moved higher last week and closed above $1831 prior short term resistance level. XAUUSD is neutral - mildly bullish biased with a major resistance area awaiting at $1877. Overall, the precious metal is in sideways range based on a daily chart. We will consider buying Gold after a pullback, within $1782 to $1805 demand area.

GOLDPIPSMAKER

XAUUSD is extending its sideways consolidation on a daily chart. A bearish pin bar formed under $1834 supply area last week. We may consider selling near the resistance area while the price remains below $1834 with potential target $1800 and $1790 in extension. As long as the yellow metal holds above a very important 200-day SMA near $1800 there might be a...

GOLDPIPSMAKER

A bearish pin bar formed recently near $1815 on XAUUSD daily chart. The close below $1808 support area and two bearish rejections suggest short term sell pressure. We consider selling Gold after a retracement higher or near $1808 resistance area. This is a weekly forecast and not a signal. Please like and comment. Thank you!

GOLDPIPSMAKER Updated 

Gold is approaching supply area and we may see selling opportunity.

GOLDPIPSMAKER

Hi traders Gold current trend is bearish. A bearish pin bar formed just below $1800 resistance last week. We consider selling XAUUSD while it is below $1800 and after a price action sell signal. This is weekly forecast and not a signal. Please support this idea with a like and comment. Thank you!

GOLDPIPSMAKER

The precious metal reached $1810 during the European trading hours but changed its direction during US session and last seen at $1798. Gold additional losses are likely with a daily close below $1800. It would attract more sellers who would push the price to $1790 and $1775. A move above $1820 (200 - day SMA) would change scenario to bullish with a $1830 as next...

GOLDPIPSMAKER

Bearish pin bar formed on Gold 4H chart near supply area and we may see another leg lower. $1810 - $1815 is likely to emerge as a powerful resistance if the rebound picks up pace for XAUUSD. Sellers will look for fresh entries below $1799 towards $1791 and new fresh lows once $1790 support will have a clear break. A move above $1815 would invalidate this scenario.

GOLDPIPSMAKER

Gold is bearish intraday below $1820. The price may drop to support at $1800 and could continue to fall towards $1790 support. The sellers would need to clear support levels around $1793, where the SMA100 one-day and the previous week’s low meet. A recovery towards resistance at $1814, where (200 SMA) four-hour and Fibonacci 38.2% one-month coincide would allow...

GOLDPIPSMAKER

Gold gained traction and climbed to a daily high of $1825 but failed to preserve its bullish momentum. Broad based USD strength continues to limit XAUUSD upside. The horizontal range seems to have formed between $1790 (100-day SMA) and $1825 (200-day SMA). Gold price may move towards horizontal support at $1802.50 in line with 38.2% Fibonacci retracement and 100%...

GOLDPIPSMAKER

Gold broke $1816 support and extending its correction towards $1800. This area is a strong support and Fibonacci 50 % retracement of April-June uptrend. If precious metal closes below this level $1790 (100 SMA) might be tested. Resistances are located at $1825 and $1834. A move above it would invalidate bearish xauusd scenario. Please like and comment, thank you!