Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingFollowing the last bearish impulse on June 18, Gold (XAUUSD) has continued its sideways movement in a confined range. The gold price has been fluctuating between levels $1,720 and $1,820. Today, the market is rising as price breaks above 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 been in a sideways move below the overhead resistance at $1,830. The sideways move has been ongoing since July. On September 2, buyers retested the overhead resistance at $1,830 and were repelled. The market has been on […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishSince September 15, the bears broke below the moving averages as Gold continued its downward move. Today, Gold has fallen to the low of $1,737.84. Nevertheless, on September 22, buyers pushed Gold to the high of $1,780 but were repelled. […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingXAUUSD has been in a downward move since June 2, 2021. The downtrend has subsided as it reaches the low of $1,677. On August 6, a candlestick tail was pointing to the $1,660 support. The long tail indicates that there […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingGold (XAUUSD) is in a downward correction after its rejection at the high of level $1,900. Today, the Gold is rising after falling to the low of $1,782. The upward move will be accelerated if price breaks above the moving […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingThe gold price has been in a range-bound move since March. Since its fall to level $1,680 low, the market has been fluctuating between levels $1,680 and $1,900. XAUUSD is an upward move from the low of 1,680. The upward […]
Gold rallied right after the Non-Farm Payrolls data was released. As you already know, the indicator was reported at 235K in August versus 720K expected and compared to revised 1053K in July. The bias was still bullish before the US data release, so I needed confirmation before going long again. The Unemployment Rate dropped from […]
Gold continues to stay within the minor triangle and inside of the descending pitchfork’s body. The outlook is bullish, so we can search for long opportunities. The Dollar Index drops again signaling that the yellow metal could jump higher. The US is to release the ADP Non-Farm Employment Change and the ISM Manufacturing PMI high-impact […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold price is in a fresh uptrend. On August 23, the market reached the high of $1,820 but was repelled. Gold price retraced to $1,782 to resume upward. On the upside, if buyers breach the $1,820 resistance, the market will […]
