Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold (XAUUSD) has been consolidating above level $1761 support since December 2. The current downtrend has reached bearish exhaustion. Gold has fallen to the oversold region of the market. Buyers are likely to emerge to push prices upward. Besides, […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold (XAUUSD) is in a downward move as price breaks below the moving averages. Further downward moves are expected as price breaks below the moving averages. Gold has fallen to the low of level $1762 which is the previous […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold (XAUUSD) is in a downward move. On November 16, XAUUSD rallied to $1,877 high. Buyers could not sustain the bullish momentum as the market reached the overbought region. Gold was rejected from the recent high as the market […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold (XAUUSD) is in an uptrend. The market is rising as the price bars are above the moving averages. The current uptrend is stuck at $1,877 since November 16. The upward move will resume if the current resistance is breached. […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold (XAUUSD) rebounds above level 1760 as price breaks above the moving averages. Gold price also breaks above the resistance at $1,820. XAUUSD is out of a downward correction. Buyers are on the advantage to push the index on the […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingGold (XAUUSD) has continued to be in a range-bound move. Since May, the Gold price has been fluctuating between levels $1,725 and $1,820.The market is yet to trend. The sideways move has made the Gold price to be relatively stable. […]
Key Resistance: 1787 Key Support: 1779 – 1772 Gold had a very bearish Friday session dropping -1.60% from the lows of the week to Friday’s lows breaking with the previous key level (1787). Now it has pulled back to retest this exact broken level whilst printing a bearish continuation pattern. My trade idea is to […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingGold (XAUUSD) is falling after rejection from the $1,820 resistance zone. Today, the bears are attempting to break below the moving averages. Since July 15, buyers have failed to keep the price above the $1,820 overhead resistance. In previous price […]
Key Support: 1792.50 – 185.90 Key resistance: 1809.20 Gold has been trading in a very defined range since it broke with the 1787 level last Friday. This level is capping the downside in this market. Looking at historic price action, this level was THE base al throughout July and it has been a key pivotal […]
