Market Analysis – February 9 Gold has been soaring easily through multiple resistance levels on the daily chart. The market is drawing toward liquidity pools at resistance levels. Gold Key Levels: Demand Levels: 1871.0, 1786.0, 1740.0 1727.0Supply Levels: 1999.0, 2067.0, 2150.0, 2200.0 Gold Long-term Trend: Bullish Gold buyers attempted to strike at 1999.0 but got […]
Market Analysis – February 2 Gold is currently displaying buy-side delivery in the market. After a long period of downward motion, the market has broken the 1886.0 demand level. XAUUSD Key levels Resistance Levels: 1886.0 1997.0, 2076.0Support Levels: 1586.0, 1621.0, 1707.0 Gold long-term trend: Bullish Gold was very bearish for most of the months during […]
The 1971–1980 bull run and the 1999–2011 bull run are two of the greatest bull runs in gold history. In the bull market from 1971 to 1980, gold gained more than 2000%, while from 1999 to 2011, it gained over 800%. It is important to remember that there have also been two significant bear markets […]
After breaking through the $1,852 resistance level, the XAU/USD price has steadily risen. In the ongoing session, there are signs that the XAU/USD price may move further upwards to claim the $1,900 price mark Major Price Levels: Top Levels: $1,883, $1,900, $1,950 Floor Levels: $1,870, $1860, $1,845 XAU/USD Extends Its Upside Price Move Price action […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BullishGold’s price is increasing as it confronts resistance at $1,820. The $1,820 high is preventing further upward movement. Additionally, Gold is approaching the market’s overbought region. On the upward movement of November 15, a retraced candle body tested the […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BullishThe price of Gold is rising as it challenges resistance at $1,820. Its price is making a series of higher highs and higher lows in successive waves. The $1,800 high is preventing the upward movements. In addition, Gold is […]
XAU/USD has nearly clinched the $1,800 price level but seems to be encountering downward forces. Consequently, this has pulled down a considerable part of the recently gathered profit, yet more may be lost to downward forces in this market. Important price Levels: Top Levels: $1,800, $1,830, $1,860 Floor Levels: $1,790, $1,750, $1.720 XAU/USD Lost Most […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BullishThe Gold price has been moving in a series of higher highs and higher lows as sellers emerge to lower prices. The $1,825 high is currently being tested by XAUUSD, but it will be rejected at $1,828. Positive momentum […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BullishGold is currently testing the $1,810 high but faces rejection at $1,828. The overbought zone has been achieved by positive momentum. Buyers have been unable to maintain the price above the $1,840 high since November 16. A retraced candle […]
