The momentum is still up and it looks like gold is poised to retest the 2950 levels again, unless we see some healthy candle closures towards the 2895 levels.
Join me, a CFA charterholder, as I breakdown the daily market scenario for XAUUSD (GOLD). Whether you're a beginner or an experienced trader, this video is packed with insights to help you improve your...
Gold is fighting with the 4H resistance at 2922, which also marks the neckline of its head and shoulder pattern. Best entry will be for it to close above 2522, retest that level again. That will open the doors for the 2525/26 area and possibly higher for today. Conversely, if gold starts breaking below the 2,890 level then it should open door for more downside.
After yesterday's bullish move during the London session, we saw some some predictable profit taking during the New York session. The move is still towards the upside though.
The Asian session today is hovering around (and starting to break below) yesterday's hourly trendline, which indicates that a retest to the 2,890 area is on the cards. This will take the...
After such a big push in London open, it makes sense for gold to pull back towards either the hourly trend line or towards 2900-2905 before making another push towards 2920 again. Tariff news is fueling the rise, and buyers have returned after the end of month (February) sell off.
After Trump's crypto reserves news, BTC was able to shrug off the bearish momentum and bounce back from around 81,500 and close above the previous daily closing of 86,000. That opens the way for price to now retest the previous daily high of 93,800. The asian session has closed slightly bearish but the daily momentum is still to the upside, which should see the...
Yesterday's bears cancelled out the buying during the weekend and the crypto reserve news from Trump. Makes sense for another leg down..either a sell position from around 86,200 with a stop loss around 87,000 or if it breaks below 83,015 with a stop loss at 84,800 with 82,500 as a watch zone. target will be 80,700 followed by 79,200.
