It took liqudity below the Monday low,making a fake breakout of the support, then it made the impulse move upward. I expect the price to break the channel and move higher. My goal is the resistance zone around at 2050
The resistance held the price two times. I think it might go down to retest the support level because it formed a long-tailed bar at resistance, which is a sign of level rejection My goal is the support level at 2023
On the lower timeframe, the price action formed a double top. It suggests we might see a rebound and a bearish move. If the market breaks through this resistance zone, the next opportunity is going to be at the 2080 level. My goal is the support level of around 2061.740
The price has reached the strong resistance zone and bounced off it. XAUUSD has pulled back from this level before. The price formed a potential fake breakout of the resistance on the daily timeframe. We have a long-tailed rejection bar. It closed below the 2070 key level. I think the market may pull back from the resistance and try to close below 2070 this...
The price perfectly fulfills my last idea. It hit the target. Gold has reached an important resistance zone. This is a lot of selling pressure above.I think the zone is between 2092 and 2100 strong resistance that could trigger a bearish move. However, we have little chance of moving higher in case the market pulls back. I expect a retest of the daily low and a...
The market broke through the range zone and extended upward. Gold is forming a potential double top at the resistance zone. The price was rejected at this weekly level. The price is slowing down near the resistance zone, which suggests that bulls might not have the strength to push the price higher. I look forward to a pullback towards support from resistance....
. I think the price in the accumulation phas in the form of a triangle pattern. It made relatively equal highs, but the lows are higher than previous lows. I expect a liquidity grab from the previous daily low to go upwards. My goal is the resistance zone around 2047.
In case of a successful test of the specified option support level (formation of a pattern on BUY), we expect an increase in the value of the trading instrument in the direction of the limit seller level (2050)
The price perfectly fulfills my last idea. It bounced off the resistance zone. The gold is bascally moving sideways. The price made a double test of the resistance zone, then broke and was fixed below the range zone as well. I think the market is building liquidity near the upward trendline. And the breakout of it may lead to another impulse to move downward. The...
The market moves down from resistance; it failed to renew its highs at the key 2050 level. The market retreated after bearish momentum and a double top. I expect the price to go down because it formed a 3-bar reversal formation on the daily timeframe. It suggests that the price might continue moving downward. The resistance at 2035, where the price fell, is a...
The gold is ranging after it broke through the downward channel. It might continue ranging because the price reached the area where it stayed in consolidation before. I think the price in the accumulation phase that can lead to a new extension. As you can see, the price formed a range zone, then a breakout followed by an impulse move, and then another range...
The price perfectly fulfills my last idea. The market surged and hit the TP. The price reached the range zone, and most likely we'll see some pullback. I think the market may form some sort of range pattern, such as a triangle where the market keeps bouncing between resistance and support, squeezed before making new highs or lows. Overall, I expect a choppy market...
Today, if a BUY pattern is formed at the current value of a trading instrument, it is recommended to consider purchases in the direction of the day’s balance level (1993.30)
The key support for today is the limit buyer level (1974.49). In case of a successful test of the specified option support level (formation of a pattern on BUY), we expect an increase in the value of the trading instrument in the direction of the limit seller level (2001.19).
The price is in a downtrend and made a new lows after breaking the upward channel. The market reached the key 2000 level and fell below it. I think it will go down and test the support level because it broke the range zone and upward channel; additionally, the trend changed after the big bearish long-tailed bar. I expect a pullback to the resistance zone at...
Considering the market's starting time and the low and cautious volume of entry, I predict that the image will go down to the limit of 1936-40.
By breaking the trend line of 1960 and pullback, it will reach 1980 and we expect it to reach the range of 2000 which is psychological resistance. Note that gold is affected by many issues that should be considered.
With the continuation of the oil storage situation and the stagnation of the global markets, the yellow metal is still in the most popular situation and in the continuation of its daily trend, in my opinion, it will climb up to the 1805 range in the first stage.