Key Resistance: 1740 – 1745 Key Support: 1720 – 1700 Gold has been trading in a pullback structure since the beginning of March with the highs being at the previous week´s highs around the 1755 level. Now price has printed 2 new lower lows but still making higher highs. This means price is contracting inside […]
Key support: 1734 Key Resistance: 1742 – 1745 – 1752 Mid Term View We continue to look for longs in Gold as the mid term structure keeps printing higher highs and higher lows. From the lows back in March 08 around 1675 1H Chart Analysis After making a new higher high yesterday, price dipped back […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold is presently in a downward move. The current downward move was a rejection from $1,950. On March 8 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Gold is expected to fall to […]
Key Support: 1727 – 1723 Key Resistance: 1743 – 1755 Mid Term View Gold is bullish and has been for a while, even when we saw the big pullback from all time highs to 1675. After that bottom, Gold has been trading inside a very structure bullish move. 30M Chart Analysis After today´s dip from […]
Gold (XAU/USD) remained in a rangebound mode for the second consecutive session, despite its underlying bullish bias. The precious metal traded within the tight range between $1,740 and $1,720, following a decent rebound from the $1,700 psychological support. The US government bond yields also traded in a sideways momentum, while the Dollar Index (DXY) remained […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold is presently in a downward move. Today, the price is correcting upward and retesting the resistance at level 1740. In the previous downtrend on January 18; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates […]
Key Support: 1685 Key Resistance: 1715 – 1740 – 1760 Long Term View Gold is still very much in a bearish market but it´s trading inside a falling wedge at a key level and this might be the reversal we are looking 1H Chart Analysis Gold is still printing lower lows and lower highs around […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold is presently in a downward move. The market is falling because the bulls are retesting level 1880 to break it. This resulted in a further downward move. On February 4 downtrend; a retraced candle body tested the 38.2% Fibonacci […]
Key resistance: 1760 Key Support: 1732 – 1717 Long Term View Gold has been under pressure since it failed to regain the 2000 level with the DXY unable to move lower. Gold is down 12.50% this year from its January 5th highs and is now trading below a massive key level (May 2020 highs and […]
