KeN-WeNzEl

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...

KeN-WeNzEl

Technical Analysis: • Daily Chart: • Clear strong bullish momentum with price at 2906.68, trending above key moving averages. • RSI at 77.97, indicating overbought conditions, suggesting potential for short-term retracement. • MACD shows strong bullish momentum. • 15-Minute Chart: • Recent retracement from a high around 2932 suggests temporary...

KeN-WeNzEl

Based on technical analysis, the price has recently seen a sharp drop after a strong uptrend, indicating a potential reversal or correction. The daily RSI (72.27) is overbought, suggesting downside pressure. The MACD on the lower timeframes (M15 and M3) is bearish, confirming short-term momentum shift. Price action on M3 and M15 shows a lower high and a break of...

KeN-WeNzEl

Technical Analysis • Daily Chart: • The price is in a strong uptrend with the RSI near overbought levels (78), but momentum remains intact as shown by a bullish MACD. • Continuation of the bullish trend is more likely since there’s no clear sign of reversal yet. • 15-Minute Chart: • The price maintains an upward structure with higher highs and higher...

KeN-WeNzEl

Analysis Summary 1. Trend Analysis: • The Daily chart shows a strong uptrend, with price making higher highs and higher lows. • The 15-minute chart supports the uptrend with a series of pullbacks and continuations. • The 3-minute chart shows some volatility but confirms higher support levels. 2. Technical Indicators: • MACD (Daily): Strong bullish...

KeN-WeNzEl

As of February 9, 2025, gold (XAU/USD) is trading at approximately $2,861.26. Analysts anticipate a bullish trend for gold in the upcoming week. Economies.com projects that gold may test the $2,900 level as a key resistance point. Similarly, 30rates.com forecasts that gold prices could reach $2,923 by Thursday, February 13, 2025, and $2,941 by Friday, February 14,...