Market Analysis – December 12 Gold experienced a bearish phase in October, resulting in a significant drop below the bullish trendline established in July. However, the bulls have regained momentum, driving the price higher and resuming the overall uptrend. Gold Key Levels Demand Zones: 2531.0, 2431.0, 2305.0 Supply Zones: 2708.0, 2770.9, 3000.0 Gold Long-Term Trend: […]
Market Analysis – December 5 Gold is experiencing a balance of buying and selling pressures, leading to stagnation in price movement. This equilibrium between demand and supply has restricted significant market activity in recent sessions. Gold Key Levels Demand Levels: 2531.0, 2431.0, 2305.0 Supply Levels: 2708.0, 2770.9, 3000.0 Gold Long-Term Trend: Bearish In November, gold […]
Market Analysis – November 28 Gold experienced a bearish shift in November, breaking below a long-standing upward trendline. After the breakout, the price retraced to test this broken trendline, which now serves as resistance alongside the 2708 resistance zone. Gold Key Levels Demand Levels: 2531.0, 2431.0, 2305.0Supply Levels: 2643.0, 2708.0, 2770.0 Gold Long-Term Trend: Bearish […]
Gold surged on Wednesday, recovering from a weekly low of $2,605, as a softer U.S. Dollar and declining Treasury yields supported the metal. The XAU/USD pair climbed 0.13% to $2,636, buoyed by the release of key U.S. economic data that indicated resilience in the economy, including strong labor market figures and the second estimate of […]
Market Analysis – November 21, 2024 Gold rallied to 2780.0 before encountering signs of exhaustion. A bearish reversal has since taken hold, signified by a break of the bullish trendline and a shift in market structure. The recent price increase appears to be a corrective move within the newly established bearish trend. Gold Key Levels […]
Market Analysis – November 14 Gold is experiencing a sustained decline following the breakdown of the bullish order block at 2640.0. This decline, combined with a bearish breakout from the bullish wedge that had defined price action since August, indicates a significant shift in market sentiment toward the downside. Gold (XAUUSD) Key Levels Demand Zones: […]
Market Analysis – November 7 The gold market has entered an uptrend in the third quarter of the year following a prolonged consolidation phase. This upward movement formed a bullish wedge pattern on the daily chart. Recently, however, the wedge pattern broke to the downside, with prices dipping into a bullish order block, signaling a […]
Market Analysis – October 30 The Gold market is very bullish during this season. The market has reached a new all-time high at 2790.0. The market structure is well aligned within a bullish wedge. The price action seems to show a continuing uptrend even within the high volatility. Gold key levels Demand Levels: 2673.0, 2531.0, […]
Gold has emerged as a star investment this year, thanks to a wave of buying that has pushed it to the forefront of asset performance. Prices have already climbed over 30% year-to-date, and Goldman Sachs anticipates further upside, predicting gold could reach $3,000 per ounce by late 2025—an 8% increase from current levels. The bank’s […]
