Market Analysis – March 23 Gold experienced resistance from the bearish trendline from March to November of the previous year. The Buyers recovered just before the year ended. The rise in the value of Gold faced stiff resistance at the 1957.0 resistance level. The Bulls have broken the resistance and are set to soar. Gold […]
XAUUSD Analysis – March 16 XAUUSD is set to break the 1957.770 resistance level. The Gold market has been on a strong ascendency since the end of last year into this year. The price only took a hit when it met the 1957.770 significant level. This led to an immediate dip in price, which only […]
XAUUSD Analysis – March 9 XAUUSD respects its rising trendline on its way to higher price levels. The market is finally showing up after an underwhelming 2022 in which the price decreased drastically, dropping more than 20%. However, from the support level of $1621.480, by the end of 2022 into 2023, the buyer received the […]
XAUUSD Analysis – March 2 XAUUSD remains in an uptrend and may reach its highest price level in 2022. The market picked up bullish momentum towards the end of 2022, and this has continued into this year with the market driving past several key levels. Finally, on the first of February, an exhausted buying base […]
Market Analysis – February 23 The price of Gold rallied with an attempt to strike the 1999.0 supply level. The buyers got exhausted before reaching the supply level. The market made a U-turn above 1871.0 to retrace to the nearest bullish order block for support. The bullish order block has failed to hold, leading to […]
Market Analysis – February 16 The gold market is currently experiencing a pullback on the daily timeframe. The market is seeking strong support for the continuation of the uptrend. Gold Key Levels Support levels: 1786.0, 1738.0, 1727.0Resistance levels: 1871.0, 1999.0, 2067.0 Gold is currently experiencing buy-side delivery on the market. The previous year saw a […]
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 […]
