KeN-WeNzEl

KeN-WeNzEl

Technical Analysis 1. Trend & Price Action • On the H1 timeframe, gold is rebounding from a recent downtrend and has formed a higher low, indicating a potential reversal. • The M15 timeframe confirms this rebound, with price breaking above the short-term resistance. • The M3 timeframe shows price consolidating near the highs, which suggests accumulation before...

KeN-WeNzEl

Technical Analysis 1. 1H Chart (Higher Timeframe Trend) • Downtrend Reversal: Price was in a strong downtrend but is now bouncing off a key support near 2827-2830. • MACD: Histogram is reducing bearish momentum, suggesting a possible trend reversal. • RSI (14): Rising from oversold conditions (~54.89), indicating bullish momentum building up. 2. 15-Min Chart...

KeN-WeNzEl

In recent weeks, gold (XAU/USD) has experienced a notable pullback from its record highs, influenced by a combination of technical indicators and fundamental factors. The emergence of a Shooting Star candlestick pattern at the peak suggests potential short-term bearish momentum, while overbought conditions indicated by the Relative Strength Index (RSI) further...

KeN-WeNzEl

Technical Analysis: 1. Daily Chart: • Trend: Uptrend but showing signs of exhaustion. • MACD: Still bullish but momentum is weakening. • RSI: 53.11, indicating neutral momentum, with a possible shift to downside pressure. 2. 15-Min Chart: • Trend: Clear downtrend forming. • MACD: Bearish momentum is strengthening. • RSI: 42.74, nearing oversold but with...

KeN-WeNzEl

Analysis: 1. Daily Chart: • Strong uptrend with price making higher highs and higher lows. • MACD is bullish, and RSI is at 62.67 (still below overbought territory). • No major resistance above the current level, suggesting continuation. 2. 15-Min Chart: • Price is recovering from a recent pullback. • MACD is turning positive, signaling a potential bullish...

KeN-WeNzEl

Technical Analysis: • Daily Chart: • Strong bullish trend with price at all-time highs (2924.45). • MACD is showing high bullish momentum. • RSI is at 63.76, near overbought but still room for upside. • 15-Minute Chart: • Recent pullback to 2903.40 and strong bounce. • MACD is crossing bullish from oversold levels. • RSI at 64.92, confirming bullish...

KeN-WeNzEl

Technical Analysis: • Daily Chart: • Strong uptrend with price near all-time highs. • MACD is bullish with strong momentum. • RSI at 71.76, slightly overbought, but trend continuation is likely. • 15-Minute Chart: • Bullish structure, price making higher highs and higher lows. • MACD is positive, confirming upward momentum. • RSI at 51.04, showing room for...

KeN-WeNzEl

Technical Analysis 1. Daily Chart (Macro View): • Trend: Strong bullish trend, price at 2933.30, nearing overbought RSI (69.87) but not extreme. • MACD: Strong bullish momentum (MACD 54.58 > Signal 56.73), indicating sustained buying pressure. • Resistance Level: Around 2945, with room to test or break. • Support Level: Around 2813.30. 2. 15-Min Chart...

KeN-WeNzEl

Gold is in a strong uptrend on the Daily chart, making higher highs and showing strong momentum. The RSI is above 70, indicating overbought conditions, but this is typical in strong trends. The MACD is bullish and confirms momentum. On the 15-minute chart, Gold is consolidating after a strong rally, suggesting a continuation higher. The RSI is neutral (49.33),...

KeN-WeNzEl

Technical Analysis: 1. Daily Chart: • Trend: Strong bullish trend with price making higher highs and higher lows. • MACD: Strong bullish momentum, MACD line above the signal line. • RSI (71.53): Overbought zone but no divergence, indicating strong bullish momentum. 2. 15-Min Chart: • Trend: Bullish with higher highs and higher lows. • MACD: Positive but...

KeN-WeNzEl

Technical Analysis 1. Daily Chart: • Strong uptrend with higher highs and higher lows. • RSI at 71.71 (approaching overbought, but still room to run). • MACD is strongly bullish, indicating momentum in favor of buying. 2. 15-Minute Chart: • Pullbacks are getting bought aggressively. • Price is making higher lows and breaking minor resistances. • MACD...

KeN-WeNzEl

Technical Analysis: 1. Daily Chart: • Strong uptrend with price near resistance at 2931.99. • MACD is bullish but shows signs of slowing momentum. • RSI is at 70.66, indicating overbought conditions and a potential pullback. 2. 15-Minute Chart: • Recent strong upward move approaching resistance. • MACD shows weakening momentum. • RSI is nearing overbought...

KeN-WeNzEl

Market Analysis: 1. Daily Chart: • XAUUSD is in a strong uptrend, making higher highs and higher lows. • MACD is significantly bullish, confirming strong momentum. • RSI is at 65.74, approaching overbought levels but not signaling a reversal yet. • Price is currently near 2892, a key psychological level. 2. 15-Min Chart: • Shows recent consolidation after a...

KeN-WeNzEl

Trading XAUUSD (gold vs. the U.S. dollar) during a USD bank holiday is generally a bad idea due to reduced liquidity and unpredictable price movements. With U.S. banks and financial institutions closed, major market participants are absent, leading to lower trading volumes. This lack of liquidity can cause erratic price action, wider spreads, and unexpected...

KeN-WeNzEl

Technical Analysis: 1. Daily Chart: Strong bullish momentum with price breaking above previous resistance, supported by a high RSI (78.15), indicating overbought conditions but with continued buying pressure. MACD is bullish, with increasing histogram bars showing strong upward momentum. 2. 15-Minute Chart: Clear uptrend with higher highs and higher lows. RSI at...

KeN-WeNzEl

Analysis Summary: • Daily Chart: Strong uptrend but overbought (RSI 76.73). Potential for a pullback. • 15-Min Chart: Price has lost momentum, MACD is flattening. • 3-Min Chart: Recent price action shows rejection near $2919-$2920 with weakening bullish momentum. Given the overbought daily RSI, loss of momentum on the lower timeframes, and potential...

KeN-WeNzEl

Technical Analysis: 1. Daily Chart: • RSI at 76.04 is in the overbought territory, indicating a potential reversal. • MACD shows bullish momentum but is at a high level, suggesting a possible pullback. • The price has reached a key resistance area around 2905.74 after a strong bullish run. 2. 15-Min Chart: • RSI at 60.94 is approaching overbought...

KeN-WeNzEl

Consumer Price Index (CPI) and Core CPI are key economic indicators that significantly impact XAUUSD (gold prices). CPI measures the overall change in consumer prices for goods and services, reflecting inflation’s pace. Core CPI, however, excludes volatile food and energy prices, providing a clearer view of underlying inflation trends. When CPI or Core CPI figures...