Xauusdforex
26/3. Risk aversion has cooled, will gold fall sharply?
News: The United Nations Security Council passed a resolution clearly calling for an immediate ceasefire in Gaza and the release of all hostages.
Demands an immediate ceasefire during the Muslim fasting month of Ramadan, which ends in two weeks, and the release of all hostages held by Hamas in an attack on southern Israel on October 7 last year.
The deadline ends on April 9
Gold has retreated due to the impact of geopolitics. The lowest level reached 2167.
After the start of the Asian session, gold prices continued to impact upward. This proves that the bullish trend in the market is still relatively strong. Currently located at the 2172 line. On the other hand, the U.S. dollar fluctuated and fell from highs. The largest hedge funds may also abandon the United States and invest in Europe. It has also been pointed out that the US dollar is overvalued. The U.S. dollar index is currently above 104. Although the short-term ceasefire in Gaza has reduced risk aversion for gold. Not conducive to rising gold prices. But the overvaluation of the U.S. dollar is undoubtedly a support for gold.
Technically, gold has shown a bullish trend. Although there is no news boost, technical support is still strong. Observe the 2165-2162 line below. If the upper position stabilizes at 2175, then the probability of rising to above 2183 is very high. Of course, this also requires the U.S. dollar to take advantage of the trend.
In terms of trading, buying low is still the main trend today. The entire transaction is based on actual conditions.
2169-2166 buy
TP2177-2183
SL2159
Transactions are for reference only. If you have any questions please leave me a message. Like following live trading signals. Remember to stay tuned.
Xauusd buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2336
Target 2366
Gold Sell Zone Gold News: Read the Latest Analysis on XAU/USD
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2321
Target 2317
Target 2313
Target 2290
Xauusd short Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2300
Target 2330
XAUUSD
In the 1-hour timeframe, gold appears to be exhibiting a bearish trend, as indicated by a descending channel pattern and the development of an Elliott Wave ABC pattern. The descending channel suggests consistent downward pressure, while the ABC pattern typically signifies a corrective phase within a larger downtrend. Traders may consider short-term selling opportunities in line with this bearish outlook, while closely monitoring for any potential breakout or reversal signals.
gold buyGold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now 2339
tp1 2343
tp2 2347
tp3 2351
tp4 2355
tp5 2360