This morning, gold prices fluctuated around $1,800 per ounce at the beginning of the trading session. The 50-day moving average (MA50) is currently above the 200-day moving average (MA200), creating a buy signal. The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, a strong buy signal, supporting the continuation of the...
Gold prices fell on Monday (June 17), influenced by rising US bond yields, while investors waited for more US economic data and comments from Reserve officials. The US Federal Reserve (Fed) this week will have more signals about the outlook for monetary policy. At the end of the trading session on June 17, the spot gold contract dropped 0.8% to 2,315.14 USD/oz....
Dear traders! Gold prices increased to new bids, despite the risk-on market sentiment. The US dollar tried to recover even as US Treasury yields fell again. The path of least resistance emerges for Gold prices amid Bear Cross and bearish RSI. From the 1D chart, Titan personally appreciates the dip-buying strategy for gold to continue as long as the 2300 support...
Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while...
Hey Everyone, Following on firstly from our update on the 1H chart below from yesterday; although we saw price drop below 2312, we had no cross below 2312 with ema5 confirming the rejection for a nice bounce up, as analysed. Here on the 4H chart, no cross above 2336 weighted level gave the perfect rejection into the retracement range for the perfect reaction...
Hey Everyone, Great start to the week with our chart idea playing out as analysed. We were seeing price test 2332 weighted level and failed to lock above 2332 with ema5 confirming the rejection into the retracement range. The retracement level gave us the perfect bounce for a clean 40 pips, as part of our plans. We then had the 2322 weighted level cross and lock...
FX:XAUUSD continues to be under strong pressure from sellers on the back of a strong dollar. The market failed to overcome the 2325 area and is heading for a support retest. Ahead of the news (Core Retail Sales, Retail Sales), increased volatility is expected. Traders are expecting neutral-bullish data against the US market. If the figures are higher than...
In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range. If it maintains support between $2309...
FX:XAUUSD has been facing strong bears since the opening of the session. The price returns under 2325 and forms a consolidation. Earlier there was a retest of a strong resistance area. The market is still bearish For the gold market the area of 2325 plays a key role at the moment. Bulls are not yet ready to overcome this area on the background of strong...
Gold continued to fall today, but it is still in the range of shock market. According to the current strength of the decline, the room for gold to fall should be limited. After gold fell to the low point of 2310-2305 area, it is obvious that the willingness to buy is gradually increasing! And gold gradually began to show signs of counterattack in the short term....
Gold experienced a decline on Tuesday as investors shifted their focus towards riskier assets, reducing the demand for the traditionally safe-haven metal. Adding to the market dynamics, a survey published by the World Gold Council on Tuesday revealed that central banks now account for about a quarter of total gold purchases. The survey suggests that demand from...
Hey Traders, By looking at the higher timeframe for EURUSD, we can observe that EURUSD is preparing for a big move to the upside. We are currently in a zigzag ABC pattern. This kind of pattern is made up of 3 waves. Wave A = 5 waves, Wave B = 3 waves, and Wave C = 5 waves. We are now in wave C = 5 waves. Once we complete wave C, we can prepare for the big...
Hi folks today I'm prepared for you Gold analytics. Some time ago price reached the resistance level and even entered to resistance zone, but at once turned around, exited from the resistance zone, and fell below. Next, XAU some time traded near the resistance level, after which it made impulse up to the trend line, thereby breaking the 2355 level. After this, the...
By analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295. As previously mentioned, the $2295 to $2303 range was a significant demand zone, and the price...
XAUUSD - 24h expiry The trend of higher lows is located at 2304. Trend line support is located at 2303. The primary trend remains bullish. We are trading at overbought extremes. Preferred trade is to buy on dips. We look to Buy at 2306.5 (stop at 2292.5) Our profit targets will be 2341.5 and 2347.5 Resistance: 2325.0 / 2341.7 / 2354.5 Support: 2316.8 /...
My dear friends, Please, find my technical outlook for GOLD below: The instrument tests an important psychological level 2311.4 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2319.5 About Used Indicators: Super-trend indicator is...
Despite closing the last shorts in profit, the price has not moved as anticipated for the number of trading sessions since the trades were opened. The activity at these levels should have indicated profit-taking, but it seems (new) buyers are still interested in higher prices currently. Heed your DD!
Gold → Be Ready for a pumping! hello guys! Gold touched the bottom line of the channel and started an upward movement for a while! now the price is forming a QM pattern and the level of this pattern is a great area to get a long position! on the other side, the gray area assumed a reachable area due to the last engulfing! so you can enter the blue area and...