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 […]
Market Analysis – October 24 The Gold price has been on a sustained upward trajectory, transitioning from consolidation (April to July) to a decisive impulsive phase. Currently, XAUUSD has reached 2758.50, indicating a likely pullback with the recent formation of a swing high. Gold Key Levels Demand Zones: 2685.60, 2600.0, 2531.0Supply Zones: 2758.0, 2900.0, 3000.0 […]
Market Analysis – October 16 The Gold price has resumed its upward movement following a brief retracement, now nearing the critical swing high at 2675.0. This level, coupled with increasing momentum, indicates a potential breakout as gold aims to extend its bullish trend. Gold Key Levels Demand Levels: 2600.0, 2529.0, 2470.0 Supply Levels: 2675.0, 2700.0, […]
Gold prices showed slight gains on Wednesday, benefiting from a dip in US treasury yields. As market participants await key US economic data, many are keen to assess how this will influence future interest rate cuts by the Federal Reserve.Spot gold increased by 0.3%, reaching $2,667.97 per ounce by 2:17 AM GMT, just $17 below […]
Market Analysis – October 11 The Gold coin has resumed its upward momentum, forming a new swing low on the daily chart. Recently, the price pulled back toward a bullish order block at 2600.0 after reaching 2685.0. However, the market is showing strength, advancing even without a complete retest of this support level. Gold Key […]
Market Analysis – October 4 The Gold market recently broke out of a prolonged period of ranging price action that lasted from early April 2024 to mid-July 2024. This breakout marked a significant shift in market direction as the price moved decisively into a bullish trend. The momentum began once the 2453.00 resistance level was […]
Market Analysis – September 25 The Gold price is experiencing a strong bullish rally as Q3 comes to an end. It has reached its all-time high, gaining an impressive 29.09% in 2024. The price is now approaching the key psychological level of 2700.00. Gold Key Levels Demand Levels: 2531.0, 2406.0, 2200.0 Supply Levels: 2700.0, 2800.0, […]
