GOLDPIPSMAKER

GOLDPIPSMAKER Updated 

Gold was rejected at $1650 and currently trading below it. XAUUSD is under pressure and weekly low $1638 might be tested. We short Gold as long as it stays below $1660. Use money management and risk 1% of your equity when trading.

GOLDPIPSMAKER

Gold struggles to gain any meaningful traction on Thursday and currently around $1662 amid modest US dollar strength. From a technical perspective, first resistance comes at $1675 followed by the $1680 supply zone, which if cleared would allow Gold to move to $1700. The main support lies at $1650. The next cushion is seen at Tuesday’s low of $1638. We expect Gold...

GOLDPIPSMAKER

The intraday move-up during European session is exclusively sponsored by the heavily offered tone surrounding the US dollar The move up is more likely to confront resistance near the $1880 supply zone. October 13 high at $1682 will act as major resistance for the gold prices ahead. Once broken the buyers may take Gold to $1700. On the downside, the $1750 support...

GOLDPIPSMAKER Updated 

Hello Traders, Gold rallied more than $20 on Friday and last traded at $1657 after hitting a new two-year low and almost breaching the key support level at $1620 last week. The move higher was triggered by the market reexamining its rate hike expectations after it was reported that the Fed would debate the future rate hikes. The Fed’s relentless monetary...

GOLDPIPSMAKER Updated 

Gold met with a fresh supply near the $1670 during the market opening and fell to $1650. Currently trading near $1650. It is still bearish below $1680. The $1643 area seems to protect the immediate downside for the commodity. This is followed by the $1620 level and the yearly low, around the $1617. We are looking to sell gold as long as it is below $1670 zone....

GOLDPIPSMAKER Updated 

Hello Traders, At the time of writing, Gold is trading at $1668.60, below its opening price by more than 1.50%. Expectations that the Fed will stick to its aggressive policy tightening path lifts the US dollar to a one-and-half-week high, which, in turn, weighing on the dollar-denominated commodity. As a result, XAUUSD is expected re-test the $1650 figure. Once...

GOLDPIPSMAKER Updated 

Gold price retraces up to after a brief jump from the monthly low $1622, as it dropped during early Thursday morning in Europe. Covid updates from China offered intermediate bounce for XAUUSD. A recovery needs validation from a two-week-long resistance line, close to $1643 to get short-term buyers. One week-old descending trend line offers immediate support near...

GOLDPIPSMAKER Updated 

Hawkish Fed expectations, rising US bond yields, stronger USD exert pressure on Gold which hits two weeks low today. It is currently trading near $1636. The USD maintains its strong bid tone and seems rather unaffected by mixed US housing market data. It suggests that the path for the XAUUSD is to the downside. Gold below $1690 - $1677 has reinforced its existing...

GOLDPIPSMAKER Updated 

The recent repeated failures to break above $1680 supply zone suggest that the path of least resistance for gold is to the downside. However, for now we may see Gold to move sideways between $1640 - $1660 until further price action signal. The commodity should test $1660 - $1670 before the move down towards $1630. The USD buying will weight on Gold price. The...

GOLDPIPSMAKER Updated 

Gold cliffs to gains amid fresh US dollar selling on Monday afternoon. Gold price is near intraday high, bounces off 13-day low, currently trading near the daily high, near $1664. However, any subsequent move up might still be seen as a selling opportunity. A sustained strength beyond the $1680 supply zone is needed to negate the near-term bearish bias. We expect...

GOLDPIPSMAKER Updated 

Gold dropped near $1700 as US dollar rallied earlier today. However, it quickly moved up towards $1712. XAUUSD corrects from three-week highs after rejection at the 50 DMA at $1724. $1700 area could offer temporary support below which the previous day’s low of $1695 could be revisited. We are still looking to buy Gold as long as it is above $1700.

GOLDPIPSMAKER Updated 

Gold price is consolidating the downside near $1664. $1660 acts as support and sustained break below it could put the $1,650 psychological level under threat. We are still looking for a retrace higher towards $1670 - $1675 as long as Gold is above $1650.

GOLDPIPSMAKER Updated 

Gold saw some bullish momentum last week. It moved higher to $1675 on Friday but the sellers came back and pushed Gold lower, back to opening price near $1660. Gold and Silver have lost the safe haven status and turned into normal trading assets. Xauusd has lost around $450 since then or around 25% of its value and sellers are in control. Retraces higher have...

GOLDPIPSMAKER Updated 

Gold rallies to three-week high on Tuesday. The USD retreats from a two-decade top and turns out to be the main factor for the commodity. We expect XAUUSD to test $1715 which is the pivot day one. In case it is broken more gains towards $1724 are expected. The main support will be found at $1700.

GOLDPIPSMAKER

XAUUSD remains pressured near two-year low at $1620. $1610 gains the major attention of the sellers, followed by $1600. The resistance can be found near $1628. We prefer selling Gold with targets of $1609 and $1600.

GOLDPIPSMAKER

Gold price rebounds from 2 year low $1621 and currently having a pullback. $1620 are seems to protect XAUUSD immediate break to $1600 support. A break below will trigger fresh lows for the commodity with targets $1570 and $1530. We expect a short-term pullback to $1644.

GOLDPIPSMAKER

Gold bounced off 29 months low near $1626 earlier today. Now we may expect a pullback to $1650 and $1655. It is a short term buy opportunity for XAUUSD.

GOLDPIPSMAKER Updated 

Hello Traders, Gold price remains pressured near yearly lows currently trading near $1687. XAUUSD sellers keep their eyes on the 61.8% Fibonacci Expansion level of Gold’s late April to early August moves, near $1660. The $1700 level will offer the immediate resistance, above which gold buyers will need to crack Monday’s low of $1712. However, the Relative...