Bullish Setup on Gold: Correction hints continuation opportunityOANDA:XAUUSD is trading within a well-defined ascending channel, signaling strong bullish momentum. The price has consistently formed higher highs and higher lows, which aligns with the continuation of the uptrend. The recent pullback appears to be a healthy correction within the overall uptrend ,
About CFDs on Gold (US$ / OZ)
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Gold - 25% crash to 2650, then pump to 7000! (must see)A crash to 2650 is very likely in the next few weeks! Why? Let's take a look at the most popular oscillators - RSI, MACD and STOCHASTIC.
Let's start with the RSI indicator on the monthly chart. The RSI indicator moves between 0 and 100. What we can see here is a strong horizontal resistance at th
GOLD Trending Higher - Can buyers push toward 3,500$?OANDA:XAUUSD is trading within a clear ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting there's chances for potential continuation on the upside.
The price has recently bro
GOLD → The rally continues. Waiting for correction to tradeFX:XAUUSD supported by the weakness of the dollar and increased trade tensions between the U.S. and China continues to renew highs. At the moment the market is testing 3400...
After Friday's pullback caused by profit taking, the demand for gold rose again - investors are looking for protection
Lingrid | GOLD correction Phase Following RESISTANCE RejectionOANDA:XAUUSD market bounced off the resistance and dropped, creating approximately a -6% correction after the previous bullish momentum. Price action formed a gap which was subsequently filled. Notably, this corrective move mirrors a similar pattern observed at the beginning of this month when the
No Setup, No Trade: Staying Sane in Gold’s MadnessToday, Gold hit $3500.
And while that may not sound like a shock on its own, what is unprecedented is the fact that in the past 10 days, Gold has climbed 5,000 pips.
That's not a normal rally.
That’s a vertical explosion.
And yes — it is looking “overextended”, but so it dit at 3300...
But then it w
Lingrid | GOLD Weekly OUTLOOK: strong UPTREND with RetracementsOANDA:XAUUSD continues its bullish momentum, closing another week up approximately 3.5%, primarily driven by Wednesday's breakout candle that pushed above the previous week's high. Following this strong upward movement, we've observed a period of retracement that manifested as a pinbar formation on
Lingrid | GOLD Wednesday's HIGH-LOW to Determine Next DirectionOANDA:XAUUSD continues its consolidation after falling from the resistance zone. It consistently respects the downward trendline, repeatedly bouncing lower from this barrier. The market recently formed a triangle pattern and broke through it, though notably without triggering major sell-offs. Curre
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our 1H chart idea playing out perfectly completing all our targets.
We started with our Bullish target at 3341 hit, followed with candle body close gaps to 3362 and 3382, as ema5 didn't catch up for the lock due to momentum. However, the body close breaks
GOLD → Correction after reaching 3500. What's next?FX:XAUUSD updates high to $3,500 amid Trump's attacks on the Fed, we are still in the aggressive trend phase. North train makes a small stop which may give us a chance to trade...
Investors are fleeing to safe-haven assets amid an escalating US-China trade war and Trump's verbal attacks on Fed
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.