Key Support: 1852 – 1845 Key Resistance: 1870 – 1884 Gold saw a surge in buyers on Monday at the NY open picking up price from the lows around 1845 to yesterday’s highs at 1869. That was a +1.35% (250 pips) move in the first hours of trading. Momentum dried up and eventually Gold pulled […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD is in an uptrend. Presently, the upward move is facing resistance at $1,900. Since June 3, the uptrend was repelled as the market declined to $1,860. Gold is now fluctuating between the current support and the resistance. The uptrend […]
Gold is traded lower at 1893.92 versus 1903.38 today’s high. The price has slipped lower trying to test and retest the support levels before jumping higher again. The bias is bullish, so the yellow metal could resume its growth anytime. The corrective phase has ended and now it could increase ahead of the US inflation […]
Key Support: 1860 – 1872 – 1882 Key Resistance: 1895 – 1910 After last Friday’s rally in Gold prices on US employment data missing expectations we closed the day with a big 2.17% range on the bullish side. On Sunday Gold opened lower and and fell below the weekly pivot stabilizing it’s down side around […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD is in an uptrend. Gold has risen tremendously from its previous low of $1,680 to $1,890. The market reached the high of $1,925 and was repelled. Gold retraced to the support of the 21-day SMA. The uptrend will resume […]
Gold is traded back below the 1,900 psychological level after failing to stabilize above 1912.78 static resistance. The bias remains bullish despite the current drop as the yellow metal stands above strong support levels. The price has plunged in the short term also because the US ISM Manufacturing PMI has reported better than expected data. […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishFor the past two months, Gold has consistently remained bullish. Gold has risen from the low of $1,675 to the high of $1,895.52 at the time of writing. XAUUSD was making a series of higher highs and lower highs. The […]
Key Support: 1890 – 1870 Key Resistance: 1910 – 1925 Gold has been in a very strong bullish move since the beginning of April (+13.78% move) breaking with the long term bearish structure it had been trading in since it hit all time highs back in August 2020. The last time we broke with a […]
Gold ended the week at the 1881.24 level signaling that the buyers are still strong despite temporary drops. The outlook is bullish, so we could still search for new long opportunities. Technically, XAU/USD has shown some overbought signs in the short term. Still, the rate could decline a little if it fails again to jump […]
