Market Analysis-June 15 Gold launched from the demand zone of 1978.0 to create its last swing high at 2070.0. The retracement to the demand level turned out to be a change in market direction as the support level failed to hold. Gold Key Levels Support Zones: 1890.0, 1804.0, 1693.0Resistance Zones: 1978.0, 2043.0, 2070.0 Gold Long-Term […]
Market Analysis-June 8 The Gold market turned bearish on the higher timeframe (daily) at the cross of the Simple Moving Average (SMA) of periods nine and twenty-one in May. The price declined under a resistance trendline. The resistance trendline has been defied with a retest at the supply level of 1978.0. Gold Key Levels Resistance […]
Market Analysis -June 1 Gold has succumbed to bearish pressure in the market, signaling a shift in its market structure. The sellers emerged at the supply level of 2067.0, leading to a significant decline in the value of gold, which has dropped by approximately 6.53 percent since reaching the supply zone. Gold Key Levels Resistance […]
Market Analysis – May 25 The Gold market has experienced a bearish breakout on the 24-hour chart after a long period of upward trend since the inception of March. The support level of 1978.0 has been bridged. Gold price appears ready for a dive. Gold Key Levels Demand Levels: 1890.0, 1804.0, 1693.0Supply Levels: 2042.0, 2068.0, […]
Market Analysis – May 14 Gold has reached its all-time high again after the change in market direction in 1612.0. The months of October until the current time were used to produce a buy-side delivery of the bearish swing from 2068.0 to 1612.0. Gold Major Levels Resistance Levels: 2068.0, 2043.0 Support Levels: 1978.0 1612.0 Gold […]
XAUUSD Analysis – Traders Are Capitalizing on Bullish Strength Gold buyers eye more gains in the market. The gold market has seen an unprecedented surge in buying pressure as traders eye more gains. The XAUUSD price has been strongly influenced by buy traders, despite selling pressure as well. This bullish trend has been steadily progressing […]
Market Analysis – May 5 Gold reached its highest price of the year this week. The price rallied from a bullish order block resting on the support level of 1958.0 to the supply level of 2068.0 Gold Key Levels Resistance Levels: 2068.0, 2080.0, 2100.0Support Levels: 1958.0, 1868.0, 1804.0 Gold Long-Term Trend: Bullish Gold has defied […]
The market analysis indicated that the previously robust upward momentum of Gold has experienced a deceleration. Following its rapid ascent from 1804.0 to 1958.0, the market has remained mostly stagnant, failing to move beyond the next resistance level. Gold Significant Levels Support Levels: 1958.0, 1804.0, 1612.9Resistance Levels: 2068.0, 2150.0, 2300.0 Gold Long-Term Trend: bullish However, […]
Market Analysis – April 20 Gold (XAUUSD) ascent from 1804.0 to 1958.0 was delivered with dazzling speed. Since the break of the 1958.0 key level, the market has spent a relatively longer duration without pushing further to the next resistance level. Gold Key Levels Demand Levels: 1958.0, 1804.0, 1612.9Supply Levels: 2068.0, 2150.0, 2300.0 Gold Long-Term […]
