BELLATRIXFX

BELLATRIXFX

Resistance is observed near $2,770, while immediate support lies around $2,705. Gold is currently trading below a critical support level, indicating potential bearish momentum. Oscillators and moving averages on short-term charts (e.g., 1-hour and 4-hour) suggest mixed signals, with a slight tilt toward selling pressure If gold breaks below $2,705, it could test...

BELLATRIXFX Updated 

The price is showing resistance near $2,570-$2,580 and support closer to $2,540, suggesting a possible test of these levels The price has been in a consolidating downtrend recently, reacting to broader market influences such as the strength of the US Dollar and Treasury yields. If bearish momentum continues, XAU/USD might test support near $2,530-$2,540. A...

BELLATRIXFX Updated 

(Gold against the U.S. Dollar) points to potential further declines in the short term. Based on recent data, are strongly bearish, with a general recommendation of "strong sell" across various time frames. Key indicators, including the Relative Strength Index (RSI), Stochastic RSI, and MACD, show oversold conditions, indicating strong downward momentum. This is...

BELLATRIXFX Updated 

Today’s technical analysis of the XAU/USD (Gold/US Dollar) pair indicates a potential bearish trend. As of recent updates, the price is struggling to hold above the $2,680 support, encountering resistance around $2,710. Currently, the Stochastic Oscillator is also in oversold territory, reinforcing the bearish outlook while suggesting that the current downtrend...

BELLATRIXFX Updated 

gold is showing key levels that may signal its next move. Currently, minor resistance is observed around $2,775, aligned with a downward trendline that could trigger selling pressure if prices approach this level. A failure to break above this could lead to a pullback, potentially driving prices down to the support level around $2,732. Should gold breach the...

BELLATRIXFX Updated 

we enter in a buy again 2730 is best support level 1 TP 2748 2 TP 2762 3 TP 2782 4 TP 2797

BELLATRIXFX Updated 

Additionally, any decline in gold may present buying opportunities as the metal remains a favored hedge amid inflation and heightened global tensions. If momentum persists and resistance levels at $2,751 and $2,800 are decisively breached, analysts project that gold could aim for new highs around $2,820 or higher. However, a break below $2,710 could suggest a...

BELLATRIXFX Updated 

showing a slight uptick of 0.11% in today's session. The price range for today is between $2,728.75 and $2,733.15, while the 52-week range for gold Based on technical analysis, the momentum is mixed, with near-term indicators leaning towards a buy signal. This suggests that gold prices may see some bullish movement, but overall sentiment could shift due to...

BELLATRIXFX Updated 

Gold prices are projected to continue their recent upward trend, with predictions suggesting potential volatility amid economic uncertainties. Analysts expect price levels to range from $2,600 to $2,800 per ounce in the short term. This forecast reflects investor sentiment leaning toward gold as a safe-haven asset amid potential U.S. economic challenges and...

BELLATRIXFX Updated 

Around $2,672-$2,675 appears to be a crucial resistance area, which could pose challenges for gold bulls. If this level breaks, there is potential for a further rise towards Immediate support is located near $2,645-$2,650, with a stronger floor around $2,625. If gold dips below these levels, a drop toward $2,600 and even $2,580 could be on the cards​

BELLATRIXFX Updated 

Gold has shown positive movement and is currently maintaining its bullish trajectory, bolstered by overall market conditions such as lower bond yields and a weaker U.S. dollar. Stochastic indicators show continued upward potential. Analysts have identified strong resistance around the $2,678 - $2,730 range. Gold is likely to test these levels again, with a...

BELLATRIXFX

the outlook remains cautiously bullish. The price of gold is hovering near key resistance zones, with a potential range between $2670 and $2685. If it breaks above this level, further gains could be expected. However, if it fails to surpass resistance, it may face short-term consolidation or pullback towards $2646 and below The sentiment remains neutral to...

BELLATRIXFX

Gold is currently undergoing a correction phase after reaching record highs earlier this year. Today, prices have continued their downward movement, with key support levels being tested. Analysts suggest that gold's decline is mainly driven by the strength of the U.S. dollar and revised expectations for the Federal Reserve's interest rate cuts, which are now seen...

BELLATRIXFX

The market opened around $2,643 and dipped slightly, trading near $2,639. This movement is driven by various factors, including easing pressure from the U.S. dollar ahead of the upcoming Consumer Price Index (CPI) report. Economic data, such as the U.S. trade balance, is expected to influence gold prices further, along with speeches from Federal Reserve members...

BELLATRIXFX

On the bullish side, gold has seen a significant rally recently, driven by factors such as geopolitical tensions, central bank demand (especially from countries like China, India, and Russia), and the expectation of further interest rate cuts globally. These drivers provide strong upward momentum, with some predictions even suggesting potential highs between...

BELLATRIXFX

Gold (XAU/USD) is currently experiencing bullish momentum, with technical indicators suggesting a potential upward movement for today, October 3, 2024. The price is approaching key resistance levels around $2660–2670, and if it breaks above this range, further targets could extend towards $2700

BELLATRIXFX

For today, the technical outlook for XAU/USD (gold vs. USD) indicates a possible upward movement, with gold continuing its bullish trend due to various macroeconomic factors. Analysts suggest that if gold remains above key support levels, there could be further gains. Some expect it to test resistance around $2685, while if prices fall below $2668, a short-term...

BELLATRIXFX

XAU/USD (Gold) remains bullish, although some indicators point to potential volatility ahead. The price of gold is expected to see support at around $2,650, with resistance levels approaching $2,685. Analysts suggest that the general sentiment is positive due to factors like central bank buying and geopolitical uncertainties. If this upward trend holds, gold...