Last week my bias was bearish and for now I think to continue south. I still believe that gold will fall further. This week we may see bullish reversal, but it will be not today.
Extrapolating fib data from previous gold bull cycles, we see that the 0.618, 1, and 2 fib extensions play important roles as resistance, support, and targets. fib extensions (previous 2 cycles) 0.618: resistance into support 1: target (crisis year: 2008 / ~2027) 2: target (start of new cycle: 2011/2012 / ~2030) 1: target (retrace: / 2016 / 2034(?)) 2...
– Previous Weekly candle closed Bearish above recent Weekly Support, forming new Weekly Resistance around 2040s. Friday Daily candle closed Bearish. I’ll be looking for potential Buys above 2027.500 targeting recent 1h Resistance (2033.000) and 4h strong Resistance (2037.600), there could be a potential retest of recent Weekly Resistance around 2040s. I’ll be...
HELLO Ligand traders ! Lets have a weekly forex forecast on gold! We had a drop after spiking up on last friday. I know that all traders are looking for sell. But i am not! Because I think gold may make more higher high ! Many are saying that dollar is getting stronger and interest rates are seeking higher too , but i dont think so . I am expecting gold to...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
OANDA:XAUUSD We need to wait for a reaction from the key level marked with a red eye. Next, you can consider opening long-term positions in continuation of the trend. On a 1-h timeframe, you can see Short zone and BSL. Also on the 1D timeframe we have a big imbalance (1886-1900$) P.S (This is not an investment recommendation, this is my personal opinion.)
Gold retreated below $2,030 after spiking toward $2,040 with the immediate reaction to US inflation revisions. The benchmark 10-year US Treasury bond yield holds comfortably above 4.1%, making it difficult for XAU/USD to gain traction.
OANDA:XAUUSD closed the trading session with a bearish candlestick on Friday. The asset loses 0.8% for the week, but at the same time it continues to stay inside the range between the strong boundaries of 2067 and 2010. Pic: Uptrend in the market. Price is testing trend support The dollar continues to strengthen, testing support as part of the correction...
Gold is bearish movement Gold fall will done Gold is on 2024 Gold if break 2028 theen 2034 area theen Gold will drop 1995 Always follow the trend
Gold is on 2024 First resistance 2030 then it will fall If break 2030 then 2038 area then gold will drop 2000 Soo follow the introduction
The market appears to be moving sideways from 2021 to 2030, with minimal fluctuations expected in the next one or two days. However, a breach below the 2020 level on Monday could lead to a downward trend, potentially reaching 2010-2005, marked as Target 01. If the downtrend persists, further decline to 1990-1980 is anticipated, labeled as Target 02. Conversely,...
First time actually using the Fib. Feedback is welcome. From the level 2020 im bullish, price reacted nice on this level and went back up. Im looking for 2034 for monday. What do you guys think, all feedback is welcome
Hello,Traders! GOLD is will soon retest The rising support line And despite the fact That the price action is Giving us mixed vibes I still think that we Are likely to see a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️
Gold has been in shock last week. Of course, my daily analysis almost always makes profits from the shock. Gold is still in a long-short battle. I will continue my short selling thinking on Monday Recommended selling range: sell 2032-2035 tp 2027-2024. Combined with next week's news. I think gold will test the pressure above and below. I will update my analysis...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2020 and resistance 2027 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2027 for a immediate bullish target and 2020, as our bearish level target. We will see price range...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels with 2017 support and 2028, as resistance open for a test. We have resistance Bullish target at 2028, and our bearish retracement zone at 2017. We will see price range between these levels until one breaks and locks to...