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OANDA:XAUUSD surged, moving towards its next key resistance zone at the 2400 level, where it closed above it. This is a significant bullish sign, as it marks the first time in history that the market has closed above this level on the daily timeframe. The market has also formed an inverse head and shoulder pattern, which has played out nicely. According to...

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The market's correlation with EUR is evident, and FX:NZDUSD is currently testing a key resistance zone on the weekly timeframe. The momentum has stalled in this area, with candles displaying a contraction. This zone has been tested multiple times in the past, each time resulting in a lower price action. Given the market's overextended state, I expect a...

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As expected, the price has pulled back towards the support level around 2330, which I mentioned in my previous post. XAUUSD price has been ranging near the previous day's low, having fallen from its recent highs. The channel border, which acts as upward trendline and a swap zone, is now being tested. This support level previously acted as resistance, holding the...

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The price has broken through and closed above the key zone of 2340-2350, which has been consistently respected in the past. This area can be seen as a pivotal swap zone. Analyzing the daily timeframe, we can observe a strong bullish candle forming near this level, highlighting its importance as a support area. As we look ahead to next week, I expect some...

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OANDA:XAUUSD price is still moving sideways. The market is bouncing between range boundaries. The bulls failed to push the price higher at the top of the range, which might be a sign that the market will move to the bottom of the range. The market, as you can see, is consolidating around 2300 because the price usually moves sideways at key levels, which is...

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Yesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the OANDA:XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue...

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FX:EURUSD On the daily timeframe, it broke the strong level at 1.07000. I think the market might pull back to the resistance zone and then move downward before the major news release. If the price makes a pullback against the main trend, there's a higher chance that the market will continue to move downward. My goal is to support level 1.06320

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The price perfectly fulfilled my last idea. It played out nicely and hit the target. OANDA:XAUUSD is pulling back towards the resistance zone after breaking the strong level at 2300. The market is forming a bearish flag formation, as I mentioned in my weekly forecast. Today we have high-impact news, so I think it might continue moving downward if DXY moves...

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OANDA:XAUUSD market made a notable decline over the week, but it has now rebounded from the key support level at 2300. It's probable that we might see further consolidation because any market cannot move straight up for a long time; it moves in ebbs and flows. This consolidation will likely involve the typical sideways movement and market noise of the gold...

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On the daily timeframe, the price grabbed liquidity above the equal highs at 0.64555. I expect sell signals at the resistance zone, such as a long-tailed bar or an engulfing candle. My target is a 0.64000 support level.

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The market plunged to a key level at 2300. OANDA:XAUUSD is testing the previous week's low. XAUUSD has reached the buy zone, as I mentioned in my weekly outlook. On the weekly timeframe, the price went below the last 2 weeks low. We should pay attention to how the day closes today. I think the market might form a small-range zone and then break through it...

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The market formed a triangle formation on the 1H timeframe. FX:EURUSD might create a potential fakey pattern, which is basically a fake breakout of the triangle pattern. The price is consolidating in anticipation of the upcoming news reports. I think the market will spike up, take the liquidity, and then move. If the price rejects the key resistance at...

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OANDA:XAUUSD is testing the support level of 2350, where we had a sharp bullish move. The gold is still ranging after it made a new high within the last two weeks of highs and lows. It might continue ranging between 2350 and 2400 price levels. I expect a retest of the recent resistance zone if the 4H candle closes above the 2350 support zone, showing a...

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I think OANDA:XAUUSD has the potential to reach all-time highs at 2500, although a pullback to around 2300 wouldn't be a surprise since the market failed to close above the key resistance at 2400, which means there is always a probability of sharp bearish moves. Right now, the market feels overextended in both directions. I expect the sideways move to last...

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The price spiked up from the support level. OANDA:XAUUSD made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I...

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The market is moving sideways near the resistance zone. It does not show signs of bullish strength. It is worth noting that the price broke the previous week high. I think the market will take liquidity above the PWH and then roll back. I expect to fall from the resistance zone and retest the middle of the range zone. My goal is to support level 1.64600

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I think the market may retest the November lows because, on the weekly timeframe, we can see that the price has gained bearish momentum. I expect the market to move up and then continue moving downward, possibly retesting the key level at 1.05000. My goal is the support level at 1.05500

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The OANDA:XAUUSD market rallied again in the trading week, showing a lot of momentum movements. On the weekly timeframe, gold showed three consecutive bullish candles in a row without any pullbacks. A pullback should represent a good buying opportunity. However, the last weekly candle closed, forming a long-tailed bar, which means there was bearish pressure....