Today, gold is trading near the upper boundary of its ascending channel. Traditionally, this level acts as a critical resistance point, and most oscillators would suggest the market is overbought, signaling a potential selling opportunity. However, the situation may be more complex than it appears. Above the current price, two significant levels loom: the...
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Now everything is Going well for Gold. No matter there is uncertainty or War or interest rate decisions, Gold is likely to touch higher targets. as I mentioned on my BTC analysis, Today's Core PCE can be the Final Fuel for market to start their final rally in 2023.
Gold technical chart daily pressure is 2040, with support below 2000-1966 The four-hour pressure is 2032, and the lower support is 2000-1980 One-hour pressure is 2032, support below is 2012-2000 Operational suggestions: Judging from the daily analysis, today's upper resistance continues to focus on the vicinity of 2025-2032. Counterattacks during the day rely on...
This week's perspective on gold is quite interesting, considering the recent break to the downside. The current retracement, triggered by a reaction from an imbalance, has my attention focused on the 22-hour supply zone. This particular zone played a significant role in causing the downward break. Given that price has cleared liquidity from its all-time highs,...
Gold has been trading lower consecutively for the past 3 days. We are expecting one more push to the downside during the NY session. The trade is supported by HTF bias as bearish. Currently we have a decent retracement already above 50% since the last liquidity grab which is placing our trade in Premium range. Entry: 2017-2022 SL: Determine once we have a...
Here is what you need to know on Thursday, January 18: Technical Analysis: Gold price finds a temporary support near $2,000 Gold price attempts a firm-footing near psychological support at $2,000 amid a nominal decline in the US Dollar Index. The near-term demand for the precious metal has turned bearish as it has slipped below the 50-period Exponential Moving...
Gold technical chart daily pressure is 2040, with support below 2000 Four-hour pressure 2040, lower support 2020 One-hour pressure is 2032, support below is 2020-2000 ✅Operational advice: Yesterday, gold fell all the way and continued to weaken. Today we will first break through the 2,000 integer mark, then look below the 1966 mark, and go short on...
Gold price has been hit hard amid uncertainty over US Retail Sales and Industrial Production data. A strong US Retail Sales data would provide more room for the Fed to maintain higher interest rates. •Further escalation in Middle East tensions could bring some revival in the gold price. Gold price (XAU/USD) witnesses a sell-off after failing to reclaim the weekly...
Gold technical chart daily pressure 2040-2053, lower support 2000 Four-hour pressure 2040, lower support 2020-2016 One-hour pressure is 2040, support below is 2031-2000 Operational suggestions: From the daily analysis, we continue to focus on the recent 2040 first-line short-term suppression at the top, and the support at 2020-2000 at the bottom. The short-cycle...
Gold technical chart daily pressure 2040-2053, lower support 2000 The four-hour pressure is 2040, and the lower support is 2016 One-hour pressure is 2040, support below is 2016 ✅Operational suggestions: Gold has now physically broken through the 2040 mark. Today’s rebound near 2040 will be the main target for shorting, first look at the 2020 mark. If the strength...
Gold price remains confined in a narrow range as traders await US CPI on Thursday 10 January 2024 • Gold price extends its consolidative price move above a multi-week low touched on Monday. •The Fed rate cut uncertainty is holding back traders from placing aggressive directional bets. • Elevated US bond yields underpin the USD and cap gains ahead of the US CPI...
Technical outlook Gold’s daily chart portrays the yellow metal upward bias after finding support at the 50-day moving average (DMA) tested Monday, with the level rejecting lower prices. This is despite posting losses of almost 1% yesterday. Although buyers have regained some control, downside risks remain if XAU/USD slides below today’s low of $2026, opening the...
Gold technical chart daily pressure is 2040-2053, with support below 2000 Four-hour pressure is 2040, support below is 2031 One-hour pressure is 2040, support below is 2031-2024 Operational advice: Gold has now broken through the 2040 mark, and today’s rebound will mainly be short selling.
Today I think gold prices will recover, and on the H4 time frame, it is still showing a downward trend, with two important key levels: 2058-2060 and 2077-2079. I think gold is likely to rise during the Asian and European hours. Thereafter, non-farm payrolls news during the U.S. session may cause gold prices to fall. So, my strategy for today is: Waiting to buy...
Gold technical chart daily line upper pressure 2088 and lower support 2053-2040 In four hours, the upper pressure is 2069-2088 and the lower support is 2066. One hour upper pressure 2073-2080 lower support 2066 Operation suggestions: Gold is currently consolidating in a range. As shown in the figure above, go long above 2069 and short below 2066. Long order: long...
Gold technical chart daily pressure is 2088, support below is 2053-2040 Four-hour pressure 2069-2088, support below 2053-5040 One-hour pressure 2069-2073, support below 2053-2066 Operation suggestion: Today, focus on 2053/2040 below. Try to go long at this position. If the 2040 mark is broken, the short trend will start. Just continue to go long above the 2066...
Gold adjusted and closed again with a small negative structure, and the U.S. index continued to rise. Gold and silver rebounded high. Gold fluctuated widely yesterday and rose sharply during the day. The European and American markets formed a surge and fell back to adjust downward and penetrated 2060 in late trading and fell to a low near 2055. The daily line...