Retracement to $2515: The gold market is currently experiencing a retracement to the $2515 level. This pullback aligns with the daily candle formation, suggesting a strategic move to seek more demand and prepare for the next phase of movement. Key Observations: Purpose of Retracement:The current retracement to $2515 appears to be a calculated move to fill...
Gold continues its upward trajectory, reflecting strong buying interest as it seeks to address existing imbalances in the weekly and daily candle formations. The current pullbacks are strategic, aiming to harness more demand and strengthen bullish momentum. Targeted Price Levels for Demand: The market is targeting price levels between $2500 and $2503 as critical...
Current Market Overview: pullback to supplies at 2500"s to mitigate $2470s through 50 Gold recently mitigated around the $2470s, indicating a move to absorb prior market imbalances till 2500's. After this mitigation, the market has shown its behavior to, seeking further supply to continue its downward trajectory. slips Towards $2450s Demand Zone: The daily...
Consolidating Pullback: Gold is currently experiencing a consolidating pullback, with prices moving towards the $2507 to $2512 range. This pullback is seen as a potential setup for gathering more selling momentum, especially in anticipation of upcoming economic events. Influence of the New York Session and Unemployment Claims: The pullback is occurring ahead of...
Ascending Sweep: Gold is currently moving within an ascending ranging channel, sweeping higher to mitigate prices. The target for this upward movement is now $2519, where the market might see some significant action. Mitigation at $2519: The price is expected to reach $2519, which could act as a key level where the market might consolidate or reverse. This level...
Current Market Overview: Price Peak and Reversal: Gold achieved a new peak, hitting a higher high (HH) before reversing sharply. This reversal marks the beginning of a strong sell momentum, indicating a shift in market sentiment.sit tight folks ... comment .. and boost idea
Current Market Overview: Mitigation and Price Action: Gold has successfully mitigated the $2380s through the $2360s, indicating that the market has absorbed the prior liquidity. Following this mitigation, gold broke out of the bearish ranging channel, signaling a shift in market dynamics. Bearish Pullback and Momentum: The breakout led to a pullback, likely...
Gold has marked a new high at $2500 per ounce, reflecting strong bullish momentum. A potential retracement to $2380 is expected, serving as a liquidity sweep to gather buying interest and regain momentum for the bulls. This $2380 level is crucial for future price movements, with the market likely to resume its bullish trend from this support zone. Traders should...
As of Wednesday, gold has made a move to $2410, as anticipated. The market is now looking for more upward thrust towards $2421 before potentially declining to gather momentum. Expected Movements and Key Levels: Current Price at $2410: The price reached $2410, meeting the first significant resistance level. Move to $2421: There is an expectancy for gold to...
DXY Analysis: The US Dollar Index (DXY) is currently rallying towards its Last Significant Psychological Level (LSPY). This rally suggests potential strength in the US dollar in the short term. Gold (XAU/USD) Analysis: Given the inverse relationship between DXY and gold, the rally in DXY could initially suppress gold prices. However, it is anticipated that once...
Price Movements and Analysis Starting Price at $2390: The week begins with gold priced at $2390. Move to $2401: The price moves upwards to the first point of interest at $2401. This move could be driven by bullish sentiment or buying pressure early in the week. Sweep to $2410: The weekly candle formation indicates a potential sweep to the psychological level of...
"Gold's bullish momentum retraces to the demand zone at 2356, creating an imbalance sweep as the DXY prepares to decline follow for more insights , follow , comment and boost idea Capitalist
Recently, gold prices surged within a range of 2300 to 2400, showing strong bullish sentiment. This rally attracted sellers looking to short gold, taking advantage of the market's previous high points. follow for more insights folks ,boost and comment for more apt analysis Thanks✨
Gold has been appreciating within a price channel ranging from the 2300s to the 2400s. A moderate price decline is anticipated, which may serve to reignite buying interest and sustain the bullish momentum, thereby maintaining the upward trajectory within the channel. This retracement could test key support levels, providing a more attractive entry point for buyers...
The gold market is rallying within an appreciative channel, likely to encounter a supply order block between 2368 and 2372, triggering sell momentum before activating demand around 2340. follow for more insights .. boost and comment .. Thanks
The recent activity in the gold market indicates a breakout from a sideways trading range. This movement suggests significant liquidity sweeps towards a refined point of interest (POI) at $2356. Institutional investors appear poised to drive the market down, targeting a price range between $2356 and $2364, which involves a price movement of approximately 13 points...
Gold is poised for a breakout, currently oscillating between $2317 and $2338. A decisive move above this range could trigger a run towards $2349, potentially sweeping liquidity. Following this upward thrust, a retest of $2328, a level revisited during the London session, might occur.....follow for more insights folks .. and boost idea AKCAPITALS✨
Gold prices have been moving sideways within the range of 2338 to 2319. This consolidation phase indicates a period of indecision in the market, where buyers and sellers are relatively balanced. Traders are closely watching these levels for potential breakouts or breakdowns, which could signal the next significant move in gold's price. The market's reaction at...