Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold was in a brief uptrend as the market rallied to a high of level $1.797.72. The pair was repelled in the $1,800 resistance zone. Presently, the market is fluctuating below the recent high. On April 8 uptrend; the retraced […]
Key Support: 1770 Key resistance: 1783.50 – 1800 Gold is in a mayor bullish move since it bottomed at 1678 at the end of march following a very stable structure. Based on Elliot Wave, we are approaching the end of wave 4 which is the second pullback on a 5 wave bullish move. Right now, […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold is in a brief uptrend as price reaches a high of $1,800. The resistance at $1,800 and $1,810 are historical price levels of February 23. The uptrend is facing resistance at the recent highs. Similarly, on April 8 uptrend; […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold has been fluctuating between levels $1,680 and $1,740 for the past month. Today, XAUUSD has broken above the upper price range. If the current bullish momentum is sustained, the uptrend will continue. Daily Chart Indicators Reading:The gold price has […]
Gold remains very attractive for traders and investors as the risk-off sentiment dominates the markets. The yellow metal has decreased a little in the short term but the bias remains bullish. It’s traded at 1,747.01 at the time of writing and it could resume its growth after making a new higher high. The US is […]
Gold is trading in the red at the time of writing after failing to close above 1,749.00 yesterday’s high. The price has decreased to test and retest the immediate downside obstacles. It remains to see if the buyers will be strong enough to keep the price in the bullish territory. The current decline could be […]
Key Support: 1736 Key Resistance: 1756 I´m very bullish precious metals at the moment since Gold dipped to retest the 1675 level where I got my first buy. Right now Gold is retesting the 1736 level that was broken last week. This level is KEY because it´s capping the downside in Gold in the short […]
Gold stands at 1,743 level after registering sharp movements on Friday. The price has reached a strong resistance area, so the sell-off was somehow expected. Now is fighting hard to stay higher, the next few days could be crucial. It has erased some of Friday’s losses but the rate is still vulnerable. The yellow metal […]
Key Support: 1745 Key Resistance: 1760 – 1790 Gold has rallied 4.80% since it bottomed at the 1678-1680 level last week. We are still long and very bullish precious metals and yesterday price broke with the massive key level (1745) that was the level it broke back in June 2020 to make all time highs […]
