ALPHA_CHART

ALPHA_CHART

OANDA:XAUUSD closed with a massive bullish candle on the daily timeframe, and for the first time in history, the market closed above the 2070 key level. You can see that the market stopped right at the resistance zone at 2088. The market bounced off this level two times in a row, at the beginning of December and at the end of the same month. On the daily...

ALPHA_CHART

The price perfectly fulfilled my last idea. It tapped the entry zone and then went straight up and hit TP. The market is overall in a sideways trend, and the price is forming a triangle pattern, which is a trend continuation pattern. OANDA:XAUUSD updated swing highs. Basically, the market is swinging around the mean price of 2030. I think the price may rise...

ALPHA_CHART

The price bounced off the level, but it could not reach the recent highs. The market is moving inside the Friday range, which means another sideways move. It made a complex two legged pullback from the resistance zone. The market is testing the previous day low. I think if the market makes a fake breakout of the level, we have a higher chance of the price moving...

ALPHA_CHART

The OANDA:XAUUSD market had a positive week, closing above the previous week high, but it remains in the same range it was previously in, which is the 2000–2050 levels. The price bottomed and bounced off the support, which is a positive sign but does not guarantee an easy move upward. On the daily timeframe, the market formed the two doji candles, then it...

ALPHA_CHART

The market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. FX:CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H...

ALPHA_CHART

The price perfectly fulfilled my previous idea. It reached the target zone. EURUSD broke and fixed above the previous resistance on breaking through the range. The market made a new extension upward. If the price makes a pullback toward the previous level of support, most likely it will bounce off it because the market made a higher close on the 4H timeframe....

ALPHA_CHART

The price perfectly fulfilled my last idea. It hit the target. XAUUSD has reached the relatively strong resistance zone at 2030-2035. The market has pulled back from this level before. It created a massive impulse leg. The price formed a potential bearish divergence at the resistance and border of the channel. I think the market might pull back from the...

ALPHA_CHART

The gold market appears to have experienced a period of decline, as I wrote in my last weekly market outlook, reaching the 1980 level before rebounding to the 2000 key level and closing above. This indicates that XAUUSD is trying to establish support at the 2000 level. We can see that it rejected the level and bounced off on Friday. Going forward, the market is...

ALPHA_CHART

The market is showing signs of life after an initial drop earlier in the week. XAUUSD seems to be moving towards the key 2000 level, which is considered a strong support zone. A break below this level could lead to a significant market reversal, with the US dollar heading sharply higher and interest rates rising again.