MOHD_ASRAF

MOHD_ASRAF

Given the current technical setup, there is a reasonable possibility for XAU/USD to correct towards $2,693 before attempting to establish new highs.

MOHD_ASRAF

XAU/USD (Gold against the US Dollar) indicates a prevailing bearish sentiment in the market, with recent movements suggesting a downward trajectory.

MOHD_ASRAF

The XAU/USD is currently exhibiting a complex market behavior characterized by both bullish potential and significant resistance levels. I will closely monitoring the price action, particularly with hopes of a retracement to 2650.68 before targeting 2700. However, a decisive move below 2640 could deter buying interest.

MOHD_ASRAF

The current analysis of XAU/USD (gold priced in U.S. dollars) indicates a significant price action scenario following a rejection at the $2,669 level. We will wait and see the potential formation of a triangle pattern and the implications for future price movements.

MOHD_ASRAF

XAU/USD (Gold) indicates a clear downward pattern, particularly when considering 2685.33 as the fifth wave in the Elliott Wave sequence and 2624.52 as the starting point of wave 1 or A. This perspective suggests that Gold may be forming a zigzag pattern after potentially reaching support levels around 2674 or 2666.44, which could lead to a flat correction.

MOHD_ASRAF

As of the latest insights, gold prices are experiencing fluctuations with a focus on key resistance and support levels. Currently, the target levels to watch are $2658 and $2666, with a potential buying opportunity identified at $2633.27.

MOHD_ASRAF

The GBP/JPY currency pair is currently experiencing significant bearish pressure, with a potential retracement to the level of 194.200 before continuing its decline towards the level of 190.000.

MOHD_ASRAF

A prediction has been made that gold will reach a price level of 1990 and then enter a corrective phase before eventually reaching a price level of 1990 to 2090. This can happen as part of wave 3 or C, 3 is usually the strongest wave in a trend. However, it should be noted that technical analysis is a speculative and subjective method of price prediction and...