OANDA:XAUUSD Price continued the uptrend as we had advised in our previous chart analysis, however, as the price reached $2443 where many big banks and institutional buyers cashed out led price to drop significantly. However, we expect price to grow towards $2500 which area remain a next big bull run. Currently, both fundamental and technical indicates further...
Current Pattern: Triangle Formation Gold is currently exhibiting a triangle pattern, which typically indicates a potential breakout. The triangle pattern is characterized by converging trendlines, with the price making lower highs and higher lows, creating a narrowing range. Breakout Direction: Downward The analysis suggests a probable downward breakout from...
XAU-USD is trading in an Uptrend and GOLD Is now retesting a Horizontal support level Of 2410 from where I will be expecting A local move up !
On Tuesday (May 21) in the European session, gold rose by about $15 in the short term and is currently trading at 2414-2422. Gold hit a record high of $2450 on Monday due to the news of the death of the Iranian president, which also triggered a discussion on whether gold has the hope of hitting the $2500 mark in the short term. However, as the US session...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 123 " Impulsive Waves Resistance Level
In this educational video, we delve into the recent surge in gold prices. There has been a notable uptick in gold prices, with XAU/USD recently surpassing the $2,400 mark, for the first time in almost a month. This surge in gold prices has piqued the interest of traders and investors, prompting speculation about the underlying factors driving this upward...
News Impact on Gold Prices Gold prices are significantly influenced by global geopolitical events, which create uncertainty and drive demand for safe-haven assets. Recently, several key events have impacted the price of gold: Ukraine Conflict: The ongoing war in Ukraine has created substantial geopolitical tension, leading investors to seek refuge in gold....
OANDA:XAUUSD Price reached to 2395 which remained a key area for price to make some corrections. We expect price to drop a little bit more and then bounce strongly afterwards. Price previously have left strong wick rejections at our area of entry. Good Luck and trade safe.
As for gold, the US market retreated after yesterday's new high of 2450, bottomed out and rebounded, and the daily line closed in a cross. There are several technical points: 1. Today, it directly rose and broke the high, forming a watershed morning low of 2408. This extremely strong market must be a bet on the rise of the European market. On the one hand,...
First, the gold daily level: From the current pattern, on the one hand, the price broke through the previous historical high of 2432, on the other hand, the 5-day moving average continued to rise, which is a strong unilateral continuation, because it is not a continuous positive, but a two-positive and one-negative pattern; therefore, today may be closed with a...
Daily chart: Already reminded before: 2340+2290 Already reminded: Only by maintaining a short-term anti-Dan state can there be a chance of rising Only if you keep rising will you have a chance to rise It has stood above 2340 and started to rise slightly in the short term. Stay above 2350--65, strengthen in the short term Staying above 2385, it has risen...
Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. The war between Russia and Ukraine has not yet found a voice at the negotiating table, plus President Putin's recent visit to China further shows that Russia will not make concessions to Nato. And recently both Russia and Ukraine...
Gold increased yesterday, but weakness appeared when yesterday's D1 bar created a bearish pinbar structure with an upper shadow and closed half of the amplitude, at the same time it swept above the previous price peak and then pulled back down. to close below the old peak, potentially creating a false break pattern forming a bullish price trap. This is a sign of a...
Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Yesterday there were many statements from members of the Fed 1. Fed's Jefferson says it's too early to know whether deflation will last. 2. Fed's Mester says economic conditions do not support three rate cuts. 3. Fed's Bostic...
The price is close to the support and is currently rebounding after a decline. The focus today is to observe whether the support is effective and whether the small-level resistance can be broken. Before that, trade around the 2400-2427 range. If the resistance cannot be broken through and falls below the support, then the short-term rise will be over, and the...
This morning, I noticed the GOLD Rate drop sharply. With this momentum, I see that the small candlestick margins have absolutely crossed the MA. If there may be some other robust promoting force, for my part GOLD have to fall deeply to 238x after which make new actions to recover. >Today I will advocate 2-Way Waves. >Currently you may wait to observe Sell Gold...
XAU-USD was trading below The falling resistance But now we are seeing A bullish breakout so I am now locally bullish Bias and I think that we Will see a further move up !
H4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 19 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did. As previously mentioned, CHoCH was...